Display Market 2025 Trends: Predicted To Grow At A CAGR Of 7.06% From 2023 To 2032, Report
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A display consists of multiple layers of material that together offer the structure required to render an image onto the screen. The emergence of various advanced technologies such as OLED display is helping the display industry to evolve faster than ever.
Prime determinants of growth
The global display market is driven by factors such as the emergence of advanced technologies offers enhanced visualizations in several industry verticals, which include consumer electronics, retail, sports & entertainment, and transportation. 3D displays are a trend in consumer electronics and entertainment sectors. In addition, flexible display technologies witness popularity at a high pace. Moreover, display technologies such as organic light-emitting diode (OLED) have gained increased importance in products such as televisions, smart wearables, smartphones, and other devices provide lucrative opportunities for market growth.
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Key Findings of the Study
In 2022, flat panel displays dominated the display market size. However, during the forecast period, flexible panel displays are projected to expand at the highest CAGR.
By technology, LCD technology was at the forefront of the display market in 2022, capturing the largest display market share. Meanwhile, OLED technology is predicted to witness the highest growth rate in terms of CAGR throughout the forecast period.
By application, the television and digital signage segment were the largest contributors to the display industry in 2022. On the other hand, vehicle displays are expected to experience the most rapid growth, showcasing the highest CAGR during the forecast timeframe.
In 2022, the consumer electronics sector dominated the display market by holding the largest share among industry verticals. Moving forward, the automotive sector is projected to lead in growth, with the highest CAGR expected during the forecast period.
Region-wise, the Asia-Pacific region was the leading market for displays in 2022, holding the largest share. It is also predicted to maintain its growth momentum and achieve the highest CAGR throughout the forecast period.
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Leading Market Players:
BOE Technology Group Co., Ltd.
Samsung Electronics Co Ltd.
Innolux Corporation
Panasonic Corporation
Japan Display Inc.
AUO Corporation
Sharp Corporation
Sony Corporation
NEC Corporation
Leyard Optoelectronic Co., Ltd.
LG Display Co Ltd.
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