Smart Wearables Riding The Growth Of Display Market At 7.5% CAGR To 2022
Feb 15, 2017
The display market was valued at USD 106.41 billion in 2015 and is expected to reach USD 169.17 billion by 2022, at a CAGR of 7.5% between 2016 and 2022 while devices based on Quantum dot and OLED technology is expected grow at highest rate.
Pune, India - February 15, 2017 /MarketersMedia/ —
The requirement for energy-efficient, attractive, and high specification display products in several industries; high growth of the flexible display market; and rising demand for OLED-based devices are the major drivers for the market. Factors such as high cost associated with new technology-based products and saturated shipment volumes of TVs and PC monitors are restraining the growth of the market.
Complete report on global display market spread across 199 pages, profiling 12 companies and supported with 68 tables and 77 figures is now available at http://www.rnrmarketresearch.com/display-materials-market-by-material-metal-oxide-a-silicon-ltps-pet-pen-photonic-crystals-technology-oled-led-tft-lcd-led-lcd-plasma-lcos-dlp-application-conventional-3d-transparen-market-report.html .
There is a huge market potential for display devices in the consumer electronics vertical on the back of increasing demand for devices such as TVs, smart phones, and smart wearables. Smart wearables are expected to witness high growth in shipments during the forecast period due to enhanced demand for such devices—especially smart watches. This is expected to drive the display market for smart wearables.
Both Quantum dot LED and OLED technologies are new to the market compared with LED-backlit LCD. These technologies offer high picture quality and ultra-thin designs at low power consumption. These features are expected to drive the market for QD-LED and OLED technologies. Quantum dot technology is expected to achieve the highest growth in the market during the forecast period, but its share is expected to be low as it is in development phase and yet to be commercialized for other applications, apart from TVs.
The report also profiles the key players in the display market. The prominent players profiled in this report are LG Display Co., Ltd. (South Korea), Samsung Electronics Co., Ltd. (South Korea), AU Optronics Corp. (Taiwan), Innolux Corp. (Taiwan), Japan Display Inc., (Japan), Sharp Corp. (Japan), BOE Technology Group Co. (China), Hannstar Display Corp. (Taiwan), Varitronix International Limited (Hong Kong), TCL Display Technology Holdings Limited (Hong Kong), Universal Display Corp. (U.S.), and E Ink Holdings Inc. (Taiwan) among others. Order a copy of Display Market by Technology (LED-backlit LCD, OLED, QD-LED, E-Paper), Display Type (Flat, Flexible, Transparent), Application (Smartphone & Tablet, TV & Digital Signage, PC Monitor & Laptop), Vertical, and Geography - Global Forecast to 2022 research report at http://www.rnrmarketresearch.com/display-materials-market-by-material-metal-oxide-a-silicon-ltps-pet-pen-photonic-crystals-technology-oled-led-tft-lcd-led-lcd-plasma-lcos-dlp-application-conventional-3d-transparen-market-report.html .
North America is expected to continue to hold the largest share in the display market owing to the high adoption rate of the latest technologies, especially in the consumer electronics and retail verticals. The APAC market is expected to grow at the highest rate due to the presence of major display panel and brand product manufacturers in the region-companies usually launch their new products or technologies in their native regions. Early exposure to the latest display products is the driving factor for the growth of the market in the consumer electronics and other industries in APAC.
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Release ID: 170090
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