The global display panel market accounted for a value of USD 135.2 billion in 2019 and is projected to register growth at a CAGR of 3.5% during forecast period.
Covid19 has impacted display panel market. The manufacturing units have to halt its production due to lockdown. The supply chain got disrupted due to travel restriction and the export from other countries is also suspended due to border closer. The research and development activities are suspended and launch of new products got postpone until end of 2020. The consumption of products such as TVs, Smatphones is declining around the world. The COVID-19 has significant negative impact on the display panel market.
For more details, visit: Global Display Panel Market By Type of Display (OLED, LED, Others), By Resolution (FHD, HD, Others.), By Size (Micro, Large, Others), By Application (Desktop Monitor, Notebook PC Others), By Region, Forecast & Opportunities to 2026
The demand for enhanced displays such as PMOLED and OLED etc is rapidly increasing in the world. The OLED technology provides bright, thin and efficient displays and lightning panels. The display panels are widely used in mobile devices, lighting fixtures and TVs. This helps in providing a better image quality. This drives growth in display panel market during forecast period.
On the basis of type of display, the display panel market is segmented into LED, OLED and others. The OLED display segment is estimated to dominate the market during forecast period. The OLEDs are believed by industrial experts to replace the existing displays. The manufacturers are widely spending in research & development of display market. The demand for OLEDs display type is increasing rapidly across end-users industry and this drives growth in OLED segment during forecast period.
On the basis of application, the display panel market is segmented into TV, desktop monitor, notebook PC, tablet, smartphone, digital storage, automotive and others. The smartphone segment is estimated to dominate the market during forecast period. The OLED and flexible displays are widely preferred for smartphones, The flexible OLED is considered to the expensive technology in the market which is adopted for smartphones highly around the world. The use of display panel is very in smartphone segment than others and this drives growth in smartphones segment during forecast period.
On the basis of size, the display panel market is segmented into micro, small & medium, large. The small & medium sized display panels segment is estimated to hold highest market share during forecast period. The small & medium sized display panels are widely used in smartphones, smartwatches and other compact devices. The growth of OLED display panel is highly increasing for such devixes and this increases demand for small & medium sized display panels and drives growth in this segment during forecast period.
Asia-Pacific region is estimated to hold largest market share during forecast period. The consumption and production of display panels in this region is larger. The rapid advancement in this market is increasing and consumers are adopting new and innovative technology in this region. The industrialization in this region is increasing and large OEMs are present in this region which increases demand for display panels. Thus, drives growth in Asia-Pacific region during forecast period.
The key market players in display panel industry are Samsung electronics, LG Display, BOE Technology, AU Optronics, Innolux Corporation, Japan Display, Sharp, China Star Optoelectronics Technology, Tianma Microelectronics, Truly International, Chunghwa Picture Tubes, Hannstar Display, CEC Panda and Sony Corporation.
- What are the expected industry trends over the next three to five years?
- Which of the display panel type is likely to lead by 2025?
- Which of the application segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?