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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Display Device Market Outlook
The global display device market reached a value of about USD 144.3 billion in 2023. The industry is further expected to grow at a CAGR of 4.8% in the forecast period of 2024-2032.
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The Asia Pacific to Emerge as a Significant Market for Display Devices
The Asia Pacific is expected to emerge as one of the world's leading markets for display devices. Factors like the growth in the number of tech giants in the region and the availability of manufacturing resources at low cost contribute to the development of the display device industry in the Asia Pacific region.
The residential sector is projected to hold a significant market share in the coming years. The demand for electronic goods, including television, smartphones, laptops, tablets, as well as smart watches, has risen as technological developments continue, which is aiding the growth of the display device industry in the residential sector. Key players are now shifting to implement effective and luminous displays, leading to growth of microdisplay technology, which is expected to aid the global market growth in the coming years.
Display Device: Market Segmentation
A display device is a system for visual or tactile display of information. When there is an electric signal for the input information received, the display is called an electronic display. TV sets or device control are popular applications for electronic visual displays.
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The display type can be divided as follows:
- Flat Panel
- Flexible Panel
- Transparent Panel
The technology used in display device can be segmented as follows:
The product finds wide applications in the following segments:
- Television
- Smartphones and Tablets
- Smart Wearable
- PC and Laptop
- Automotive
- Digital Signage
- Others
The end uses of the product can be segmented as follows:
- Residential
- Large Enterprises
- Small Medium Enterprises
The regional markets for display device can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Electronic Devices Bolstering the Market Growth of Display Device
The remarkable rise in the usage of various consumer electronic products using state-of-the-art technologies is the main driving force behind the industry growth. The rising demand in the gaming and entertainment sector for high-quality displays as well as the increasing popularity of OLED-based technologies are notable factors that are boosting the market growth. The widespread adoption of flexible OLED display technologies is also increasing the demand for display devices. It is also anticipated that the advanced functions of display device will propel the market growth further in the coming years. Other factors boosting the market growth are the rising urbanisation, rising economies, as well as the rising disposable incomes of the consumers.
Key Industry Players in the Global Display Device Market
The report gives a detailed analysis of the following key players in the global display device market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- TCL Electronics Holdings Limited
- LG Electronics Inc.
- Sharp Corporation
- Toshiba Corporation
- Samsung Electronics Co., Ltd.
- Japan Display Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Display Type |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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Display Device Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global display device market attained a value of nearly USD 144.3 billion.
The market is projected to grow at a CAGR of 4.8% between 2023 and 2032.
The major market drivers include rapid urbanisation, rising disposable incomes, the growing demand for electronic goods, the increasing shift towards the adoption of effective and luminous displays, the rising demand for high-quality displays, and the growing popularity of OLED-based technologies.
The key trends guiding the market include the rising adoption of flexible OLED display technologies and the increasing demand from the gaming and entertainment sectors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading display types in the market are flat panel, flexible panel, and transparent panel.
The major technologies considered in the market report are LCD, LED, OLED, and e-paper, among others.
The significant applications of display device include television, smartphones and tablets, smart wearable, PC and laptop, automotive, and digital signage, among others.
The various end uses of display device include residential, large enterprises, and small medium.
The major players in the market are TCL Electronics Holdings Limited, LG Electronics Inc., Sharp Corporation, Samsung Electronics Co., Ltd, Toshiba Corporation, and Japan Display Inc., among others.
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