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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.
*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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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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