Rising Demand of the Touch-based Devices Will Impel the Global Display Market to Propagate at 5.92% of CAGR by 2027
“According to the new market research report published by Inkwood Research, the Global display market is propelling at a CAGR of 5.92% during the forecasting years.”
“Browse 34 market Data Tables and 39 Figures spread over 87 Pages, along with an in-depth TOC on global display market forecast 2019-2027.”
Advanced technologies nowadays offer superior visualizations in a variety of industrial verticals like that of the consumer retail, electronics, sports & entertainment, transportation, etc. primarily through display screens that project information such as videos, images, voice and text messages that are more convenient for the crowd to grasp instantly. The industry employ the highly developed technologies of liquid crystal display (LCD), light-emitting diode (LED), organic light emitting diode (OLED), etc. Since the last decade, there has been a newer type of adaptation where the display screens are associated with energy efficient devices, predominantly the wearable devices.
Rise in the trend of touch-based devices: key market driver
Touch-based devices operates through a display panel which in turn supports the growth of the display devices market globally. As a matter of fact, there has been an exponential demand of touch-based devices that are easier to access by the consumer. Their progress is simplified to such an extent that their expansion have extended to public and commercial places like malls, theaters, entertainment hubs and other buildings with complex and large architectural structures. The use of digital signage and touch-based displays have risen since their incorporation helps the user for navigating and extracting other information. Even the highly developing and expanding industry of automobiles are witnessing an increase in the integration of sophisticated display devices in the vehicles.
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OLED: The key area of development with the most rapid growth in the display market
Organic Light Emitting Diodes or OLED is a light emitting diode in which the light emitting layer or organic thin films are placed between a series of two conductors. A bright light is produced upon the passage of electrical current through them. They are emissive display without the requirement of backlight and so are very slim and more energy efficient than LCD. One of the major benefits of OLEDs is their high level of control exerted over each pixel, where any one of the pixel can be switched off for a better contrast ratio. This improvised image quality feature grants the OLEDs a higher demand from the consumer base all throughout the regions with better recognition and awareness of OLEDs.
North America is contributing significantly to the global display market
The North American display market is anticipated to hold the largest market share by the end of 2027 because of the rise in adoption of display devices in the automotive and consumer electronics sector which are already far ahead in terms of demand and development. The consumer electronic market in North America is very mature and subsequently have huge penetration in the majority of the household in the region. The major revenue generator in North America display market is that of the United States where the trend of smart offices and smart home is largely responsible for the growing demand. The advent of advanced technologies like that of the virtual reality, IoT solutions and robotics in the manufacturing process of consumer electronics industry will also be advantageous to the display market to raise its demand in the region.
Distinguished companies in the global display market
Samsung Electronics Co. Ltd., LG Display, NEC Display Solutions, Ltd., Corning Incorporated., Kent Display Inc., Sony Corporation, Japan Display Inc., AU Optronics Corp., Hannstar Display Corporation, E Ink Holdings Inc.
About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy; with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.