PUBLISHER: 360iResearch | PRODUCT CODE: 1499511
PUBLISHER: 360iResearch | PRODUCT CODE: 1499511
[181 Pages Report] The Display Panel Market size was estimated at USD 146.76 billion in 2023 and expected to reach USD 156.92 billion in 2024, at a CAGR 7.43% to reach USD 242.42 billion by 2030.
The display panel market encompasses producing, distributing, and applying various visual presentation technologies such as LCD, OLED, micro-LED, and other advanced solutions. The increasing demand for high-resolution screens with better color reproduction capabilities and wide adoption of LED display in various industrial applications growing the need for display panels. However, the key limitations for display panels is the cost of development and production for advanced technologies such as OLED or micro-LED, which are restricting their adoption within budget-conscious consumer segments. Additionally, environmental concerns posed by electronic waste generated during manufacturing represent another significant challenge for industry players. Furthermore the emerging trend toward smart cities and rapid advancements in technology have led to thinner and lighter displays, resulting in generation of lucrative opportunities for display panels in the future.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 146.76 billion |
Estimated Year [2024] | USD 156.92 billion |
Forecast Year [2030] | USD 242.42 billion |
CAGR (%) | 7.43% |
Regional Insights
The Americas represents a significant landscape in the display panel market owing to the strong demand for innovative display technologies due to the thriving consumer electronics sector. Moreover, several regional companies invest heavily in research and development activities to create advanced display solutions. In the EMEA region, there is a demand for high-quality display panels across various sectors, such as automotive, healthcare, consumer electronics, and commercial signage. The consumer's preference for energy-efficient displays that adhere to strict environmental standards drives the demand for display panels in the region. Additionally, increasing urbanization and adoption of smart devices have contributed to the rapid growth in display panel consumption in the EMEA. Asia-Pacific has a developing landscape in the display panel market due to the presence of leading manufacturers in the region. Continuous investment by manufacturers in research, patents, and development of next-generation display technologies and government initiatives toward smart infrastructure has fueled the demand in the APAC region.
Market Insights
The market dynamics represent an ever-changing landscape of the Display Panel Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Display Panel Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Display Panel Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
ViewSonic Launches Portable Touch Screen Monitor With OLED Tech In India
ViewSonic launched a new portable touchscreen monitor in India, equipped with cutting-edge OLED technology. This display panel caters to business and consumer needs, offering users a simplified and unified interface. With its sleek design, the monitor boasts a bezel-less display and weighs only 3 kg, making it highly portable. ViewSonic's goal is to enhance the multi-monitor experience, making it more intuitive and accessible than ever before. [Published On: 2023-07-05]
Samsung signed a deal for LG's OLED TV panels
Samsung Electronics Co., Ltd. and LG Electronics reached a new agreement concerning the supply of OLED TV panels. The supply of OLED panels from Samsung to LG will undoubtedly contribute to the enhancement of product quality and customer satisfaction. [Published On: 2023-05-16]
Samsung Electronics Co., Ltd. Display to Invest USD 3.1 Billion in OLED Production in South Korea
Samsung Electronics Co., Ltd. made a significant investment of USD 3.1 billion in OLED production in South Korea. This investment is expected to benefit the global OLED panel industry and facilitate the production of panels for various applications such as mobile devices, TVs, and automobiles. [Published On: 2023-04-04]
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Display Panel Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Display Panel Market, highlighting leading vendors and their innovative profiles. These include AUO Corporation, Beijing Visionox Technology Co., Ltd., BOE Japan Co. Ltd., Christie Digital Systems USA, Inc., Corning Incorporated, Edge Electronics, EIZO Inc., Epistar Corporation, Hisense International, Innolux Corporation, Interactive Displays GmbH, Japan Display Inc., JBD Inc., KLA Corporation, LG Electronics, NEC Corporation, Panasonic Holding Corporation, Pixel LED Private Limited, Qisda Corporation, ROYAL DISPLAY, Samsung Electronics Co., Ltd., Seiko Epson Corporation, Sharp Corporation, Sunic System Co., Ltd., and Tianma Group.
Market Segmentation & Coverage