Display Market - Forecast (2022 - 2027)

The market for Display Market size is forecast to reach $166.4 billion by 2026, growing at a CAGR of 4.2% from 2021 to 2026. The Display market is estimated to witness substantial growth over the forecast period primarily due to the growing demand of Displays in medical, automation, industrial, wearable, and other sectors. Displays are fast in executing a color and organic Light Emitting Diode and Liquid Crystal Display display interfaces, with features such as touch screen as well as non – touch screen along with smart graphical user interface. It comprises of hardware and software, the compatibility of Displays depends on Embedded software. An increase in automated embedded devices is expected to spur the growth of the Display market. The factors such as greater efficiency, low price and more is contributing to the growth of this market.

 

 

The report: “Display Industry Outlook – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Display Industry.

 

By Display Type – Touch and non-touch display.

By Technology – LCD, LED, OLED and others.

By Device Type – Portable and fixed devices

By Display Deployment – Embedded, Standalone

By Application - Home Appliances, Automobile Displays, Medical Devices, Industrial Automation and Control Systems, Farming and Construction Equipment, Home Automation and HVAC Systems, Fitness Devices, Wearables, Smart Phones, Laptops and PCs, Digital Signage and other.

By Geography - North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

 

 

The Display market is estimated to witness substantial growth over the forecast period primarily due to an increase in adoption of Display by automation, medical, wearable, and other sectors.

Due to high efficiency, longer life, high intensity, high pixel-pitch and brightness LED technology in Display is expected to have substantial growth over the forecasted period.

Rise in adoption of automated embedded devices in the market has a great impact for the market growth of Displays. The high quality display at low cost makes the Displays propel into the market.

It is observed that in the recent past research and development activities for Displays in North America are rising, thus creating a market for Display as this has a great impact on adoption by medical, automation and other sector.

Display market is dominated by APAC followed by Europe. APAC region is also considered to have the fastest growth due to increase in automation and other sectors by the countries like India, China and others.

 

 

 

 

 

The market is segmented by Technology into Liquid Crystal Display, LED, Organic Light Emitting Diode and others. The High pixel-pitch, brightness, enhanced efficiency, high light intensity, enhanced power efficiency, long lifespan and high scalability makes LED technology much more acceptable and is expected to propel the market growth. In the forecast period 2021 – 2026 LED displays are expected to set significant and fastest growth in Display market at 5.9% due to increase in adoption of Display in automotive sector and medical sector where LED Displays are being used more. For instance LED display in automobile is preferred more for entertainments purpose, enabling back camera and more. Adoption of LED Display by automotive, wearable, medical sectors is constantly increasing due to its efficient lighting, faster response time, higher contrast and more. Thus, LED display technology in Display market is expected to boost the growth in forecast period.

 

 

The fixed device is expected to hold largest market share in the forecast period at 66%. Its affordable price, high scalability, longer life, contrast and pixel resolution and more, makes fixed device to be accepted more into the market than portable devices. Due to the above factors, fixed device is adopted more into the market by automobile and several other sectors and is expected to boost the Display market. These fixed devices typically use Organic Light Emitting Diode as well as LED displays

 

 

Display market is dominated by APAC at 39% share in 2020 followed by Europe. The Research and development activities at the industry-level in North America is continuously rising and making rapid advancement in automated embedded device technology which is increasing the adoption rate of Display devices in healthcare, automotive, industrial sectors, defence and others. The presence of large number of end device manufacturers in APAC is also expected to spur the market. APAC region is considered to have fastest growth for Liquid Crystal Displays as the emerging countries like India, Japan, China and others are constantly increasing the use of Display in different industrial verticals such as wearables, smartphones, digital signage, medical, automotive, and others.

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Different sectors are adopting automated equipment for different purposes, this adoptions has a great impact on Displays which are available in high efficiency at low cost and is expected to enhance the market growth. The embedded devices are extensively used as they provide long lifespan and high scalability along with high intensity, brightness and more. The factors such as affordable price, efficient brightness, and longer life boost the organic light emitting diode and liquid crystal Display market and are set to have fastest growth in the market during the forecast period. The higher adoption rate of Displays by medical, education, automotive sectors is expected to spur the market growth.

 

 

The use of Displays in 3D systems is also one of the drivers enhancing the market growth. The rapid development in advanced technologies in Displays enables the user to use it for the 3 system. Consumer, industrial, medical, automotive and other sectors use 3D systems which requires Displays for projecting the dimensions and this factor is expected to set significant growth into the market.

 

 

For the past few years entertainment, educational, commercial and other sectors are considering the use of widescreen displays. These displays provide wider screen than the normal display. The projectors which are used for widescreen displays are offered in affordable price with high definition which makes widescreen display as an alternative of the Displays and becomes one of the major challenges for Display market.

 

 

 

Acquisitions advancement in technologies and R&D activities are key strategies adopted by players in the Display market. The Display market is dominated by major companies such as Microsoft Corporation, Eaton Corporation, Green Hills Software Inc., Intel Corporation, Anders DX, Avnet Inc., Planar Systems, EDT, and Ansys.

 

 

In May 2020, Planar Introduced Planar FX Series a high brightness LED displays for Indoor and outdoor applications.In March 2020, Ansys announced a partnership with Physical Optics Corporation for the development of avionics for military aircraft of US. The partnership aimed to accelerate their products certification and development by integrating new functionality at a much lower cost and enabling a faster path to market.