PUBLISHER: 360iResearch | PRODUCT CODE: 1500251
PUBLISHER: 360iResearch | PRODUCT CODE: 1500251
[190 Pages Report] The Next-Generation Display Materials Market size was estimated at USD 85.68 billion in 2023 and expected to reach USD 92.70 billion in 2024, at a CAGR 8.40% to reach USD 150.77 billion by 2030.
Next-generation display materials are at the forefront of technological innovation in the display industry, facilitating advanced visual experiences. These materials are designed to improve upon the limitations of traditional display technologies, such as liquid crystal displays (LCDs) and also organic light-emitting diodes (OLEDs), by offering enhanced color gamut, higher resolution, improved energy efficiency, and greater durability. They play a crucial role in the development of next-generation display technologies, including micro-LED, quantum dots, and flexible displays. The market is influenced by several key factors, such as technological advancements in display technologies that demand higher-quality materials. Increasing consumer preference for higher resolution and durable displays and the growth of the consumer electronics market, especially in emerging economies, have also augmented the demand. However, technical challenges in integrating new materials with current manufacturing processes pose hurdles to the growth of the industry. Additionally, environmental and health concerns related to the disposal and recycling of advanced display materials also impede the adoption of the materials. However, key players are exploring the development of eco-friendly and sustainable materials for display manufacturing. Expansion into new application areas such as automotive smart displays and transparent displays for advertising and advancements in flexible and wearable display technology provide new avenues of growth for the industry.
KEY MARKET STATISTICS | |
---|---|
Base Year [2023] | USD 85.68 billion |
Estimated Year [2024] | USD 92.70 billion |
Forecast Year [2030] | USD 150.77 billion |
CAGR (%) | 8.40% |
Regional Insights
In the Americas, particularly the United States and Canada, there is a significant emphasis on the development and incorporation of advanced materials for display technologies. The presence of a robust electronic industry and a strong technological architecture also supports innovations. The consumer demand in this region gravitates towards high-performance, energy-efficient display solutions driven by applications in consumer electronics, automotive, and advertising sectors. EU countries exhibit a strong push towards sustainability and renewable energy, influencing the demand for next-gen display materials. The focus is on developing eco-friendly, recyclable materials for displays without compromising on performance. Consumers in the EU prioritize products that combine innovation with environmental responsibility. The European Commission has been supporting research initiatives under its Horizon 2020 program, with substantial funding allocated to projects aiming at revolutionizing display materials through nanotechnology and other advanced materials. The EMEA region demonstrates a varied consumer demand largely influenced by economic diversification efforts and infrastructure development, particularly in the Gulf Cooperation Council (GCC) countries. APAC, led by China, Japan, and India, is at the forefront of both consumer demand and technological developments in the realm of next-generation display materials. This region benefits from robust manufacturing capabilities, a thriving consumer electronics sector, and significant R&D investments.
Market Insights
The market dynamics represent an ever-changing landscape of the Next-Generation Display Materials 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 Next-Generation Display Materials 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 Next-Generation Display Materials 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
Applied Materials Collaborating with Google to Advance Next-Generation AR Computing Platforms
Applied Materials, Inc. has embarked on a pioneering collaboration with Google, uniting its expertise in materials engineering with Google's extensive reach in platforms, products, and services to forge the path for advanced augmented reality (AR) solutions. This partnership aims to revolutionize AR experiences by developing lightweight visual display systems, leveraging Applied Materials' prowess in optical technology and Google's innovation-driven platforms. [Published On: 2024-01-09]
Solomon Systech Driving the Next-Generation Display Technologies
Solomon Systech has made a achievement with the release of the world's first PM micro-LED display driver, the SSD2363, heralding a new era in high-brightness displays for an array of applications, including wearables, home appliances, and industrial uses. This innovative driver is compatible with PM micro-LED panels as large as 256RGBx256, supporting 768 segments and 256 common outputs, thereby offering unparalleled customization in creating vibrant 16.7M color displays for panels up to three inches. [Published On: 2023-12-18]
UChicago Researchers Develop Stretchable OLED Display
Researchers at the University of Chicago's Pritzker School of Molecular Engineering have developed a groundbreaking display technology that heralds a new era in the realm of flexible electronics. This cutting-edge advancement, signifies a significant leap from the brittle nature of OLED technology to a solution that blends stretchable polymers with efficient light emission. [Published On: 2023-04-12]
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 Next-Generation Display Materials 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 Next-Generation Display Materials Market, highlighting leading vendors and their innovative profiles. These include AUO Corporation, BOE Technology Group Co., Ltd., BSI International, Inc., Crystal Display Systems Ltd., Doosan Corporation Electro-Materials, DuPont de Nemours, Inc., eLux Inc., Glimm International B.V., Idemitsu Kosan Co.,Ltd., Jade Bird Display Inc., Konica Minolta, Inc., LG Chem, Ltd., Nanoco Group PLC, Optovate Ltd., Panasonic Holding Corporation, Plessey Semiconductors Limited, Quantum Materials Corporation, Samsung SDI Co., Ltd., Shenzhen Allvision Technology Co. Ltd., Shoei Electronic Materials, Inc, Sony Corporation, Tianma Microelectronics Co., Ltd., Toray Industries, Inc., and Universal Display Corporation.
Market Segmentation & Coverage