Electronic Display Market – Global Industry Analysis and Forecast (2023-2029)

Electronic Display Market was valued nearly US$ 159.27 Bn. in 2022. Electronic Display Market size is estimated to grow at a CAGR of 3.6% & is expected to reach at US$ 204.01 Bn. by 2029.
Electronic Display Market Overview:
Over the forecast timeframe, the market is likely to be driven by an increase in demand for electronic displays in a variety of applications such as consumer electronics, digital signage, and automation. Mobile devices such as smartphones and tablets are expected to rise in response to rising demand for screens with high-resolution displays.
Growing acceptance of 3G and 4G communications technology due to their cost, as well as the availability of Wi-Fi in both private and public spaces, has boosted the popularity of video streaming, leading in new business opportunities. Over the last few years, electronic display technology has progressed significantly. For numerous years, cathode ray tubes controlled the electronic display market until they were supplanted by more modern plasma, LCD, and LED display technologies.To Know About The Research Methodology :- Request Free Sample Report

Over the previous few years, LED & OLED displays have seen substantial market penetration, & similar developments are projected during the forecast timeframe. The increased demand for smartphones & tablets with high-resolution screens is due to the thriving mobile commerce & gaming businesses. Due to the implementation of the Restriction of Hazardous Substances (RoHS) & Waste Electronics and Electrical Equipment (WEEE) standards, manufacturer duties have risen. The standard aims to reduce the amount of hazardous e-waste, which has the potential to harm the environment.
Highlights from the Electronic Display Market Report
During the forecast period, the OLED technology category is expected to increase at a CAGR of over 15%. OLED displays provide advantages like high resolution and ultra-high clarity, enhancing the consumer value proposition. As a result of these considerations, AMOLED displays have become more popular in smartphones. Furthermore, major OLED manufacturers in China, such as BOE display & CSoT, are growing OLED TV manufacturing, which would be expected to fuel future growth.

In the year 2019, consumer electronics applications accounted for more than half of all global revenue shares. In APAC, consumer electronics penetration is predicted to increase, resulting in strong growth. The spread of m-commerce and gaming is expected to contribute to the growth of smartphones, which will fuel demand for electronic displays in the coming years. The sector is also expected to grow as demand for LED and OLED TVs rises.

Over the forecast period, the retail industry in the end-use segment is expected to grow at a CAGR of 12.3 percent. Digital signage technologies are being increasingly adopted by retailers in the United States & Europe for efficient customer targeting. Digital signage, when combined with consumer smartphone apps and in-store discounts, gives merchants a huge edge in terms of catching customer attention & marketing strategy.

Over the forecast period, the Asia Pacific regional market is expected to increase at a CAGR of close to 15%. Due to low labour costs and larger manufacturing capabilities, major manufacturers in the industry are headquartered in Asia Pacific countries such as Taiwan and China. As a result, electronic displays have become more popular throughout the region.

The industry has grown significantly in recent years as a result of various new technology advancements. Over the next seven years, the market is likely to be driven by advanced consumer electronics such as mobile phones, tablets, smart wearables, and smart televisions. Furthermore, as the purchasing power of diverse segments of society has grown, more opportunities for industry expansion have opened up.

Manufacturers must follow to laws like the Waste Electronics and Electrical Equipment (WEEE) and Restriction of Hazardous Substances (RoHS) directives. These guidelines aim to reduce the quantity of dangerous e-waste produced and address crucial concerns such as device reclaim and recycling. The company has grown from the emergence of cutting-edge high-resolution display technologies such as OLED and AMOLED in consumer electronic products. However, the adoption of such novel technology comes at a high initial cost, which raises the device's cost and may stifle market growth over the coming years.
Segment Overview:
Every other consumer electronic gadget requires a display, which serves as an interface between both the user and the device. In 2019, the consumer electronics application segment accounted for over half of total revenue, and it is anticipated to remain to expand steadily over the forecast period. The industry is likely to benefit from widespread adoption of digital signage across various end-use segments. Advanced digital signage 2.0, which shows data by moving info graphics, is extensively utilised in the retailing industry, leading throughout the enrichment of the business plan & brand with remarkable aesthetics.

Retail, entertainment, corporate, healthcare, & government are just a few of the industries that use advanced electronic displays. In the2019, the entertainment end-use segment accounted for nearly 30% of total income. The rise of the market has been aided by the enormous expansion of the console & mobile gaming industries. Furthermore, the growing use of digital signage in the retail business, along with the rapid acceptance of modern m-commerce retail, has made it the industry's fastest-growing application segment.

In the year 2019, the APAC is expected to lead the global electronic displays business, with a market value of more than 140 Bn dollars. Lower manufacturing costs, along with less government regulations, have encouraged large technology companies to establish manufacturing bases in the region, promoting regional industry growth. North America is likely to be the most prosperous regional market, with growth projected throughout the projection period. The demand for advanced display-based applications is predicted to grow steadily as people's disposable incomes rise and their lifestyles improve.

The objective of the report is to present a comprehensive analysis of the Electronic Display Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Electronic Display Market dynamics, structure by analyzing the Market segments and project the Electronic Display Market size. Clear representation of competitive analysis of key players by Technology, price, financial position, Technology portfolio, growth strategies, and regional presence in the Electronic Display Market make the report investor’s guide.
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Electronic Display Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 159.27 Bn.


Forecast Period 2023 to 2029 CAGR:
3.6%
Market Size in 2029:
US $ 204.01 Bn.


 Segments Covered:
by Technology
LCD
LED
OLED


by Application
Retail, Entertainment
Corporate
Healthcare
Government


by End-User
Retail, Entertainment
Corporate
Healthcare
Government



Electronic Display 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)
Electronic Display Market, Key Players:
1. ActiveLight Inc
2. AU Optronics
3. Casio Computers Co. Ltd.
4. LG Electronics
5. Toshiba Corporation
6. Sony Corporation
7. Zenith Electronics Corporation
8. Samsung Electronics Co. Ltd.,
9. Japan Display Inc
10.E Ink Holdings Inc.,
11.Hannstar Display Corporation
12.Corning Incorporated
13.Kent Displays Inc.,
14.NEC Display Solutions,
15.Sony Corporation.

FAQ’S:

1) What is the share of the Global Electronic Display Market in 2022?
Answer: The Global Electronic Display Market was accounted for 159.27 Bn in the year 2022.

2) Which Application segment is dominating the Global Electronic Display Market?
Answer: Consumer Electronics segment is the dominating End-User segment in the market.

3) What are the key players in the Global Electronic Display Market?
Answer: ActiveLight Inc, AU Optronics, Casio Computers Co. Ltd., LG Electronics
Toshiba Corporation, Sony Corporation, Zenith Electronics Corporation, Samsung Electronics Co. Ltd., Japan Display Inc, E Ink Holdings Inc., Hannstar Display Corporation
Corning Incorporated, Kent Displays Inc., NEC Display Solutions, Sony Corporation..

4) Which factor acts as the driving factor for the growth of the Electronic Display Market?
Answer: The major factors for the growth of the Global Electronic Display market includes Surge in demand for electronic displays in a number of applications including consumer electronics.