Display Panel Market by Display Technology, Panel Size, Resolution, Industry Vertical and Region: Global Trends, Opportunity Analysis, and Industry Forecast, 2023-2029

The Global Display Panel Market size reached USD 146.20 Bn in 2022 and is expected to reach USD 194.99 Bn by 2029, growing at a CAGR of 4.2 % during the forecast period. The display panel is an indispensable component of TV, tablet, computer, mobile phones, PC, vehicle displays, and other equipment. People are relying on displays in homes and in their pockets to ensure that social distancing doesn’t equal social isolation. Therefore, people around the world are buying more monitors, laptops, and larger TVs to stay entertained, informed, and connected. The Display Panel market has developed rapidly in the past few years and has become an important piece of equipment in advertising, entertainment, business, and other fields with the rapid development and application of digital technology. The market growth mainly benefits from the 5G technology, artificial intelligence, big data, and other technologies which are providing new opportunities and challenges for the development of the Display Panel market. The display Panel market is expected to drive by the growing demand for displays, such as OLED and PMOLED, augmented displays, and rollable transparent displays, among others. OLED technology enables bright, efficient, and thin displays and lighting panels that are used in numerous mobile devices, TVs, and lighting fixtures. They provide better image quality compared to LCD or Plasma displays. According to MMR Analysis, China took over the No. 1 spot in the display Panel market in 2022. Chinese display panel market key players, led by companies such as BOE Technology Group Co, Shenzhen China Star Optoelectronics Technology Co, Tianma, and Visionox, accounted for a combined 40.8 % of global market share in turnover.

Report Scope:

The report provides a quantitative analysis of the current Display Panel market drivers, restraints, trends, estimations, and opportunities of the market to identify the prevailing opportunities in the market during the forecast period. PORTER's five forces analysis shows the ability of buyers and suppliers to make profit-oriented strategic decisions and build their supplier-buyer network. In-depth analysis as well as the market size and segmentation assist in determining the current Display Panel market potential. Some factors that are supposed to affect the business positively or negatively have been analyzed in this report which will give a clear futuristic view of the industry to the decision-makers. report presents a comprehensive analysis of the global Display Panel market to the stakeholders who want to invest in this market. The report includes past and current scenarios of the market with the forecasted market size. The report covers all the aspects of the market with a thorough study of key players that include market leaders, followers, and new entrants. Display Panel Market To know about the Research Methodology :- Request Free Sample Report

Display Panel Market Dynamics:

The Increasing Technological advancement in OLED to drive Display Panel Market OLED is the best display technology and is used today to create the most stunning TVs ever with the best image quality combined with the thinnest sets ever. OLEDs are used in mobile devices today because they are thin, efficient, flexible, and bright. The Display Panel companies are using OLED displays to increase performance and decrease prices. Among all regions, APAC (China, South Korea, Japan, and India) is expected to register high growth in the OLED Display Panel market. The high growth of the market in this region is attributed to the increased government investments in the education sector and the presence of some of the critical display manufacturers, such as Samsung, LG Display, Sharp Corporation, and Panasonic. The consumer electronics sector is growing amazingly fast with remarkable advancements in technology, such as improving picture clarity in large-screen TVs and the evolution of smartphones. OLED technology enables the development of OLED products in the consumer segment including technological advancements in consumer devices and economic growth worldwide. The adoption of OLED displays in the automotive industry is also increasing in the coming years because of the rapid adoption of ADAS, flexible panels, OLED screens, and increasing sales of the premium segment. Samsung Electronics (South Korea), LG Display (South Korea), AU Optronics (Taiwan), BOE Technology (China), Universal Display Corporation (US), Tianma Microelectronics (China), Acuity Brands (US), and OLEDWorks (US) are among the major players in the global Display Panel market. In January 2021, LG Display demonstrated a 48-inch bendable gaming monitor at CES. The whole panel is just 0.6 mm thick, which enabled its Cinematic Sound OLED (CSO) technology in the monitor, which turns into a prominent speaker. The display can bend up to a radius of 1,000 mm, so it can be used both as a flat TV and a curved screen for immersive gaming. Display Panel Market1 The Evolution of LED in the digital signage arena to Drive the Display Panel Market Worldwide, the LED video display market increased its revenue by 34.7 percent in 2022 driven by spiking demand for fine pixel pitch (FPP) products. The latest digital signage solutions are more energy efficient, with today’s LED screens consuming up to 60% less electricity than previous LCD models. The most common screens used in digital signage are LED and it is considered as a standard option because they provide good resolution and brightness suitable for any type of content. LED screens also come in a plethora of sizes and orientations. The evolution of LED technology has revolutionized the digital signage arena by driving advancements in brightness, energy efficiency, durability, miniaturization, pixel density, integration, and cost efficiency. These advancements have propelled the growth of the display panel market, enabling the development of visually stunning, versatile, and cost-effective digital signage solutions across various industries. LED has become the go-to technology for a wide variety of jobs that prioritize attention-grabbing digital visuals. Designers and marketers have a variety of options for making an impactful visual statement. There are many reputable and trusted digital signage brands available in the market. Samsung, LG, Goodview, and NEC are the leader in the digital signage display panel market. Digital screens from these key players have high-resolution displays that present content of the best quality. They are also compatible with most media players, which broadens the scope of options. Purchasing a digital screen from any of these competitive brands guarantees the best option that suits the business. Increasing the use of Flat Panel Displays for Teachers and Educational Institutions to Drive the Display Panel Market Interactive flat panel displays for educational technology are the large touch-screen displays that are used in classrooms and educational institutions to create collaborative learning environments. They are typically mounted on o wall and offer a large, -resolution display that can be used to present educational content including tax images, and videos. Interactive flat panel displays allow teachers and students to interact with the content in real-time, using touch, gestures, or stylus pens. They offer a range of advanced features such as multi-touch, handwriting recognition, and voice command, which enhance the learning experience and make it more engaging and interactive. These displays are replacing traditional whiteboards and projectors in many classrooms, as they offer a more immersive and engaging learning experience. They are also more durable and require less maintenance than traditional teaching aids. Interactive flat panel displays for educational technology are available in a range of sizes and configurations, and they are customized to meet the specific needs of different educational institutions. The global market for Interactive flat panel displays for educational technology is expected to drive by the increasing adoption of digital learning and the need for more engaging and interactive teaching tools. North America and Europe are currently the largest markets, while Asia-Pacific is expected to experience the highest growth rate in the coming years. The decline in demand for displays in the retail sector because of the drastic shift toward the online advertisement and shopping hampers the market growth The global electronic commerce sector has experienced tremendous growth in recent years, with millions of people engaging in online shopping. Online shopping has grown rapidly in recent years, because of factors such as faster delivery, easy return policies, and free shipping. This has led to a decline in brick-and-mortar stores, as consumers increasingly prefer to shop online. Digital advertising has also become more popular, as it offers more sophisticated and personalized options for reaching consumers. This has led to a decrease in the demand for displays in commercial and retail settings, as businesses shift their advertising focus to online channels. Digital advertising has allowed businesses to reach a wider audience and target their ads more effectively. This has led to increased sales for some businesses, but it has also put pressure on prices. Thus, the Decline in demand for displays in the retail sector because of the drastic shift toward the online advertisement and shopping hampers the Display Panel market growth

Display Panel Market Segment Analysis:

Based on the Panel Size, the microdisplays segment is expected to grow at a high CAGR during the forecast period because of the increasing demand for HMDs and VR headsets from the gaming, entertainment, and healthcare industries. HMDs and VR headsets are becoming increasingly popular for gaming, entertainment, and training applications. These devices provide users with an immersive experience that is used for gaming, watching movies, or training in a variety of fields, such as medicine and aviation. The growing demand for HMDs and VR headsets is driving the growth of the microdisplays segment. The microdisplays segment is competitive with a number of major players, including Sony, Kopin Corporation, eMagin Corporation, and Himax Technologies. These companies are investing in research and development to develop new microdisplay technologies that meet the needs of the growing demand for HMDs, VR headsets, and AR devices. Based on the Resolution, the 4K segment is the largest resolution for Display Panels, accounting for a significant share of the market. 4K displays are also becoming increasingly popular for video conferencing and digital signage. Video conferencing is becoming increasingly common in the workplace, and 4K displays provide a more immersive and realistic experience for participants. Digital signage is also becoming increasingly popular, and 4K displays are used to create more visually appealing and engaging displays. New display technologies, such as OLED and Micro LED are likely to further drive the demand for 4K displays, as consumers and businesses look for even higher resolutions.

Display Panel Market3Regional Insights

In the North American region, the Display Panel Market is expected to grow at a CAGR of 12.5% due to the recent technological advancement in the display, connectivity, and monitoring space during the forecast period. Further, retail players such as Tommy Hilfiger, IKEA, Argos, Last Call Studio, and many more are adopting innovative shopping experience using digital signage in multiple ways, such as interactive displays and more innovative screen content, through various handheld devices which draws the shopper experience and leaving a long-lasting impression. New display technologies like OLED and Micro LED are being developed that offer higher resolutions and better performance than traditional LCDs. These new technologies are expected to gain traction in the North American Display Panel market in the coming years. ScreenBeam Inc. a leading key player in the United States in wireless display and collaboration solutions, has released an update featuring a digital signage capability that empowers their 1,100 clients to better leverage meeting room displays in communicating essential employees and guests messaging, company branding, and beyond.

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Display Panel Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 146.20 Bn.
Forecast Period 2023 to 2029 CAGR: 4.5% Market Size in 2029: US $ 194.99 Bn.
Segments Covered: by Display Technology LCD OLED Micro-LED Others
by Panel Size Micro displays Small and Medium-sized Panels Large Panels
by Resolution 4K 8K Others
by Industry Vertical Smartphones and Tablets PC and Laptop Television Others

Display Panel Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Key Players

1. Samsung Electronics Co Ltd (South Korea) 2. LG Display (South Korea) 3. Sharp Corporation (Japan) 4. Innolux Corporation (Taiwan) 5. Japan Display Inc (Japan) 6. Chunghwa Picture Tubes Ltd (Taiwan) 7. Innolux Corporation (Taiwan) 8. Tianma Group (China) 9. NEC CORPORATION (Japan) 10. Panasonic Corporation (Japan) 11. BOE Technology Group Co., Ltd. (China) 12. AUO Corporation (Taiwan) 13. Sony Corporation (Japan) 14. Leyard Optoelectronic Co., Ltd (China) FAQs: 1. Who are the key players in the Display Panel market? Ans. Samsung Electronics Co Ltd (South Korea), LG Display (South Korea), and Sharp Corporation (Japan) are the major companies operating in the Display Panel market. 2. Which Industry Vertical segment dominates the Display Panel market? Ans. The Smartphones and Tablets segment accounted for the largest share of the global Display Panel market in 2022. 3. How big is the Display Panel market? Ans. The Global Display Panel market size reached USD 146.20 Bn in 2022 and is expected to reach USD 194.99 Bn by 2029, growing at a CAGR of 4.2 % during the forecast period. 4. What are the key regions in the global Display Panel market? Ans. Based On the region, the Display Panel Market has been classified into North America, Europe, Asia Pacific, the Middle, East and Africa, and Latin America. North America dominates the global Display Panel market. 5. What is the study period of this market? Ans. The Global Display Panel Market is studied from 2022 to 2029.
1. Display Panel Market: Research Methodology 2. Display Panel Market: Executive Summary 3. Display Panel Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Display Panel Market: Dynamics 4.1. Market Trends by region 4.1.1. North America 4.1.2. Europe 4.1.3. Asia Pacific 4.1.4. Middle East and Africa 4.1.5. South America 4.2. Market Drivers by Region 4.2.1. North America 4.2.2. Europe 4.2.3. Asia Pacific 4.2.4. Middle East and Africa 4.2.5. South America 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Region 4.9.1. North America 4.9.2. Europe 4.9.3. Asia Pacific 4.9.4. Middle East and Africa 4.9.5. South America 5. Display Panel Market: Segmentation (by Value USD and Volume Units) 5.1. Display Panel Market, by Display Technology (2022-2029) 5.1.1. LCD 5.1.2. OLED 5.1.3. Micro-LED 5.1.4. Others 5.2. Display Panel Market, by Panel Size (2022-2029) 5.2.1. Micro displays 5.2.2. Small and Medium-sized Panels 5.2.3. Large Panels 5.3. Display Panel Market, by Resolution (2022-2029) 5.3.1. 4K 5.3.2. 8K 5.3.3. Others 5.4. Display Panel Market, by Industry Vertical (2022-2029) 5.4.1. Smartphones and Tablets 5.4.2. PC and Laptop 5.4.3. Television 5.4.4. Others 5.5. Display Panel Market, by Region (2022-2029) 5.5.1. North America 5.5.2. Europe 5.5.3. Asia Pacific 5.5.4. Middle East and Africa 5.5.5. South America 6. North America Display Panel Market (by Value USD and Volume Units) 6.1. North America Display Panel Market, by Display Technology (2022-2029) 6.1.1. LCD 6.1.2. OLED 6.1.3. Micro-LED 6.1.4. Others 6.2. North America Display Panel Market, by Panel Size (2022-2029) 6.2.1. Micro displays 6.2.2. Small and Medium-sized Panels 6.2.3. Large Panels 6.3. North America Display Panel Market, by Resolution (2022-2029) 6.3.1. 4K 6.3.2. 8K 6.3.3. Others 6.4. North America Display Panel Market, by Industry Vertical (2022-2029) 6.4.1. Smartphones and Tablets 6.4.2. PC and Laptop 6.4.3. Television 6.4.4. Others 6.5. North America Display Panel Market, by Country (2022-2029) 6.5.1. United States 6.5.2. Canada 6.5.3. Mexico 7. Europe Display Panel Market (by Value USD and Volume Units) 7.1. Europe Display Panel Market, by Display Technology (2022-2029) 7.2. Europe Display Panel Market, by Panel Size (2022-2029) 7.3. Europe Display Panel Market, by Resolution (2022-2029) 7.4. Europe Display Panel Market, by Industry Vertical (2022-2029) 7.5. Europe Display Panel Market, by Country (2022-2029) 7.5.1. UK 7.5.2. France 7.5.3. Germany 7.5.4. Italy 7.5.5. Spain 7.5.6. Sweden 7.5.7. Austria 7.5.8. Rest of Europe 8. Asia Pacific Display Panel Market (by Value USD and Volume Units) 8.1. Asia Pacific Display Panel Market, by Display Technology (2022-2029) 8.2. Asia Pacific Display Panel Market, by Panel Size (2022-2029) 8.3. Asia Pacific Display Panel Market, by Resolution (2022-2029) 8.4. Asia Pacific Display Panel Market, by Industry Vertical (2022-2029) 8.5. Asia Pacific Display Panel Market, by Country (2022-2029) 8.5.1. China 8.5.2. S Korea 8.5.3. Japan 8.5.4. India 8.5.5. Australia 8.5.6. Indonesia 8.5.7. Malaysia 8.5.8. Vietnam 8.5.9. Taiwan 8.5.10. Bangladesh 8.5.11. Pakistan 8.5.12. Rest of Asia Pacific 9. Middle East and Africa Display Panel Market (by Value USD and Volume Units) 9.1. Middle East and Africa Display Panel Market, by Display Technology (2022-2029) 9.2. Middle East and Africa Display Panel Market, by Panel Size (2022-2029) 9.3. Middle East and Africa Display Panel Market, by Resolution (2022-2029) 9.4. Middle East and Africa Display Panel Market, by Industry Vertical (2022-2029) 9.5. Middle East and Africa Display Panel Market, by Country (2022-2029) 9.5.1. South Africa 9.5.2. GCC 9.5.3. Egypt 9.5.4. Nigeria 9.5.5. Rest of ME&A 10. South America Display Panel Market (by Value USD and Volume Units) 10.1. South America Display Panel Market, by Display Technology (2022-2029) 10.2. South America Display Panel Market, by Panel Size (2022-2029) 10.3. South America Display Panel Market, by Resolution (2022-2029) 10.4. South America Display Panel Market, by Industry Vertical (2022-2029) 10.5. South America Display Panel Market, by Country (2022-2029) 10.5.1. Brazil 10.5.2. Argentina 10.5.3. Rest of South America 11. Company Profile: Key players 11.1. Samsung Electronics Co Ltd (South Korea) 11.1.1. Company Overview 11.1.2. Financial Overview 11.1.3. Business Portfolio 11.1.4. SWOT Analysis 11.1.5. Business Strategy 11.1.6. Recent Developments 11.2. LG Display (South Korea) 11.3. Sharp Corporation (Japan) 11.4. Innolux Corporation (Taiwan) 11.5. Japan Display Inc (Japan) 11.6. Chunghwa Picture Tubes Ltd (Taiwan) 11.7. Innolux Corporation (Taiwan) 11.8. Tianma Group (China) 11.9. NEC CORPORATION (Japan) 11.10. Panasonic Corporation (Japan) 11.11. BOE Technology Group Co., Ltd. (China) 11.12. AUO Corporation (Taiwan) 11.13. Sony Corporation (Japan) 11.14. Leyard Optoelectronic Co., Ltd (China) 12. Key Findings 13. Industry Recommendation
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