IPS Display Market: Global Industry Analysis and Forecast (2023-2029)

IPS Display Market size was valued at US$ 62.17 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 6.42% from 2022 to 2029, reaching nearly US$ 96.10 Bn.
IPS Display Market Overview:
Global IPS Display Market is expected to reach US$ 84.86 Bn. by 2029. IPS (In-plane switching) is a liquid crystal display screen technology (LCDs). It was created to address the major drawbacks of twisted nematic field effect (TNFE) matrix LCDs. Strong viewing angle dependence and poor color reproduction were among the drawbacks. For those who desire colour accuracy and consistency, IPS monitors remain the display technology of choice. When it comes to colour accuracy and viewing angles, IPS monitors are second to none.To know about the Research Methodology :- Request Free Sample Report
COVID-19 Impact on the IPS Display Market:
Many governments have adopted or are imposing lockdowns to prevent the spread of COVID-19. As a result, various markets' supply chains have been impacted, including the IPS Display Market Revenue. Due to supply chain challenges, display manufacturers are having difficulty manufacturing and supplying their products, resulting in lower IPS Display Market Trends. As a result, COVID-19 has had the largest effect on IPS Display manufacturing in China. Manufacturers were only permitted to use 70 to 75 percent of their capacity, rather than the usual 90 to 95 percent. Due to staffing limitations, logistics support difficulties, and quarantine processes, a Chinese display manufacturer forecasts a 40% to 50% drop in overall display production, resulting in decreased IPS Display Market Share and IPS Display Market Size in the IPS Display market.
IPS Display Market Dynamics:
Increased disposable income around the world is one of the key factors driving the IPS Display Market Growth. Professionals such as CAD engineers, professional photographers, graphic designers, and video editors benefit from IPS displays because of their better contrast, speed, and resolution. In a variety of applications, LED displays are one of the most extensively used IPS display technologies. It has a larger IPS Display Industry and IPS Display Market Revenue than other technologies. In recent years, the IPS Display Market has risen, although not in terms of innovation.

One of the most recent breakthroughs in the IPS Display Market is the miniaturization of the parts necessary to make a panel. Because of miniaturization, IPS panels have become ultra-thin and have risen to huge sizes, allowing them to be placed on any surface, inside or out. As a result of technology advancements such as enhanced resolution, increased brightness, product diversity, and the advent of toughened surface IPSs and tiny IPSs, the number of IPS applications has increased. In addition to digital signage applications like advertising, IPS displays are also widely utilized for digital billboards and advertising. This makes the IPS Display Market Demand and IPS Display Market Outlook particularly noteworthy.

These screens are seen in mid-range to high-end smartphones due to their high production costs. Digital advertising is more intelligent, personalized, and relevant than ever before. Because people are spending more time online than ever before, digital advertising is a superb method to reach them across a variety of devices and platforms. As a result, online advertising has become increasingly popular in recent years. Furthermore, the increasing availability of the internet has resulted in an increase in digital advertising. Programmatic advertising is also gaining popularity. Programmatic advertising refers to the use of automated technologies and data to make media purchase decisions without the need for human participation. As a result, the demand for displays, which were once utilized to showcase things and brands in stores and commercial facilities, has fallen.
IPS Display Market Segment Analysis:
Based on the Type, the market is segmented into AH-IPS, E-IPS, and Others. AH-IPS segment is expected to hold the largest market share of xx% by 2029. The AH-IPS panel has the capacity to alter liquid crystal patterns. The AH-IPS panel has increased color accuracy, resulting in crisp visuals and a consistent response time, as well as the ability to work in low-power mode. AH-IPS also has a super high definition resolution of 3,840*2,160 pixels. The market is growing due to the widespread use of AH IPS panels in applications like as graphic design, games, color-critical professional applications, and at home for higher-level business purposes.

In November 2022, ViewSonic crop launched the VP2468, a SuperClear AH-IPS panel technology professional monitor with 99 percent RGB color coverage and superior color accuracy that gives accurate color performance for photographers, for a better entertainment experience and ultimate watching.

Based on the Application, the market is segmented into Smart Phone & Tablet, TVs, PCs, and Others. Smart Phone & Tablet segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Panels for tablet computers, TVs, and smartphones often use IPS display technology. The rapid adoption of IPS display technologies by manufacturers such as Samsung, Sony, and others in order to increase the production of advanced technology-based electronics items is driving the IPS display market forward.
IPS Display Market Regional Insights:
Asia Pacific region is expected to dominate the IPS Display Market during the forecast period 2023-2029. The Asia Pacific region is expected to hold the largest market share of xx% by 2029. This is due to the existence of many manufacturing organizations in the region that supply IPS display panels in various sizes depending on their applications. Growing urbanization and increased disposable income among customers in the region are driving the market for IPS displays. Furthermore, the market is expected to be driven forward by the increasing population and the need for smartphones and tablets. Acer Inc., AU Optronics, and others are among the companies involved.

Lenovo Group Limited, WINSTAR Display Co., Ltd, and LG Display are just a few of the region's leading companies spending heavily on the development of revolutionary IPS display panel technology. China accounted for the largest share in the region, which is regarded as a driving factor for the market's growth in the region, due to its growing population and the increasing requirement for improved picture and color quality. India is expected to be the fastest-growing country-level market during the forecast period due to shifting customer preferences for color and resolution.

The objective of the report is to present a comprehensive analysis of the Global IPS 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 has 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 reports also help in understanding the Global IPS Display Market dynamic, and structure by analyzing the market segments and projecting the Global IPS Display Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the IPS Display Market make the report investor’s guide.
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IPS Display Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US$ 62.17 Bn.


Forecast Period 2023 to 2029 CAGR:
6.42%
Market Size in 2029:
US$ 96.10 Bn.


 Segments Covered:
by Type
• AH-IPS
• E-IPS
• Others


by Application
• Smart Phone & Tablet
• TVs
• PCs
• Others



IPS 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)
IPS Display Market, Key Players are:
• AU Optronics
• Acer Inc.
• Lenovo Group Limited
• WINSTAR Display Co., Ltd.
• LG Display
• Samsung Electronics Co., Ltd.
• Sony Corporation
• Japan Display
• Panasonic Corporation
• AsusTek Computer Inc.
• Dell
• ViewSonic
• Lava International Limited
• Chi Mei Optoelectronics
• BOE

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the IPS Display Market?
Ans. Asia Pacific is expected to hold the highest share in the IPS Display Market.

2] Who are the top key players in the IPS Display Market?
Ans. AU Optronics, Acer Inc., Lenovo Group Limited, WINSTAR Display Co., Ltd., and LG Display are the top key players in the IPS Display Market.

3] Which segment is expected to hold the largest market share in the IPS Display Market by 2029?
Ans. AH-IPS segment is expected to hold the largest market share in the IPS Display Market by 2029.

4] What is the market size of the IPS Display Market by 2029?
Ans. The market size of the IPS Display Market is expected to reach US$ 96.10 Bn. by 2029.

5] What was the market size of the IPS Display Market in 2022?
Ans. The market size of the IPS Display Market was worth US$ 62.17 Bn. in 2022.