Display Panel Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

A rise in disposable income, the emerging consumer goods industry coupled with the surging adoption of touch screen consumer goods are some of the prominent factors that are driving the display panel market. As per GfK, the global consumer electronics market (excluding North America) achieved sales growth of US$42.8 billion in the first half of 2021, an increase of 18%.

 significant application area of displays has been the heads-up display devices. These devices have witnessed strong demand from AR/VR, military and defense, and automotive markets, thereby driving the market for display panels. A device with a transparent display has a much higher resolution and displays much more realistic augmented reality than video augmented reality. According to a study by Intel Corporation, the revenue opportunity of the AR/VR market remains strong and is estimated to exceed USD 45 billion in headset hardware sales by 2021. Furthermore, the hardware is expected to exceed 80 billion units by 2021, up significantly from the 9.4 billion units that were estimated to be sold in the intervening period.

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According to UnivDatos Market Insights (UMI)’ research report “Global Display Panel Market Analysis, 2020”, China is steadily becoming a crucial market for categories geared toward consumers with higher incomes. By 2030, it may be home to about 400 million households with upper-middle and higher incomes—roughly as many as in Europe and the United States combined. Over the next five years, it is estimated that the number of millionaires in China may double, from around five million today to ten million in 2025. So, a rise in disposable income and surging spending on consumer goods in the country are contributing to the growth of the market.

According to South Korea etnews.com, China took over the No. 1 spot in the display market last year, which South Korea has led for many years. As per the National Bureau of Statistics, total retail sales of consumer goods in the first half of the year recorded 21.19 trillion yuan ($3.27 trillion), up 23.0 percent year on year. Also, with only a limited number of choices available for panel supply, TV makers are turning to Chinese companies to meet their display needs and intense competition among major Chinese suppliers and the arrival of new players is resulting in a sharp increase in the availability of panels from China.

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Based on the type of display, the OLED segment acquired the XX% market share and gathered USD XX Mn market in 2020. Numerous vendors have started spending on OLED technology due to the growing demand. For instance: In 2021, LG Display, a major display panel maker in South Korea, said on Tuesday it will invest 3.3 trillion won ($2.8 billion) to expand its medium-and-small sized OLED display production capacity.

 Based on the application,  the smartphone and tablets segment grabbed XX% market share.  The growing adoption of smart devices such as phones and tablets coupled with the incidence of broken screens is leading to the growing demand for display panels. In the UK, people have spent more than £680 million (US$ 947.5 million) each year to fix their damaged smartphone screens. In the US, smartphone users spend US$ 3 billion per year to fix their damaged screen, also as per Urgagdgetdotors, 30% of Americans had a cracked screen in the past 2 years.

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Asia-Pacific to Grab Lion’s Share, But North America to witness Explicit Growth

Based on the Region, the Asia Pacific region dominated the global display panel market in 2020. Due to the low cost of manufacturing in the region, numerous companies announced the establishment of their new OLED and LCD panel manufacturing plants in this region. . However, North America would witness a robust CAGR in the forthcoming years stated in UnivDatos Market Insights (UMI)’ research report “Global Display Panel Market Analysis, 2020”.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global display panel market are AU Optronics Corporation, BOE Japan Co. Ltd, Innolux Corporation, LG Display Co. Ltd, Samsung Electronics Co. Ltd, Panasonic Corporation, Sharp Corporation, Hisense Co. Ltd, Toshiba Corporation, Sony Corporation, etc., The players are focused on launching new products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Display Panel Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for display panel across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  

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 Market Segmentation:

1.      By Type of Display (LCD, OLED, Others)

2.      By Resolution (8K, 4K, HD, Others)

3.      By Application (Smartphones & Tablets, PC & laptops, Televisions, Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (AU Optronics Corporation, BOE Japan Co. Ltd, Innolux Corporation, LG Display Co. Ltd, Samsung Electronics Co. Ltd, Panasonic Corporation, Sharp Corporation, Hisense Co. Ltd, Toshiba Corporation, Sony Corporation)

Key questions answered in the study:

1.      What are the current and future trends of the global display panel industry?

2.      How the industry has been evolving in terms of end-user demand and application areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the display panel industry?

5.      What are the customer orientation, purchase behavior, and expectations from the display panel market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL DISPLAY PANEL COVID-19 IMPACT

6 GLOBAL DISPLAY PANEL REVENUE, 2019-2027F

7 MARKET INSIGHTS BY TYPE OF DISPLAY

8 MARKET INSIGHTS BY RESOLUTION

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY REGION

11 DISPLAY PANEL DYNAMICS

12 DISPLAY PANEL OPPORTUNITIES

13 DISPLAY PANEL TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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