Global Display Market - Industry Trends and Forecast to 2031

Global Display Market, By Display Type (Flat Panel Display, Flexible Panel, and Transparent Panel Display), Product (Automotive Display, Smart Wearable, Tablet, Automotive Display, Television, Smartphone, PC Monitor and Laptop, and Signage), Technology  (Direct-View LED, Micro-LED, OLED, and LCD), End Use (Automotive, Healthcare, Defence and Aerospace, Education, Sports and Entertainment, Consumer, Retail and Hospitality, Banking, Financial Services and Insurance, Transportation, and Industrial) – Industry Trends and Forecast to 2031.

Display Market Analysis and Size

In the global display market, there is a surge in demand for applications enabling system administrators to customize features without coding and facilitating user interaction with computers to access text and graphics. This trend simplifies system management and enhances user experience. As businesses prioritize adaptable solutions and user-friendly interfaces, the demand for such display applications is escalating. This segment presents a lucrative opportunity for market expansion, meeting the evolving needs of administrators and users alike while improving overall system functionality.

Global display market size was valued at USD 176.72 billion in 2023 and is projected to reach a value of USD 336.91 billion by 2031, with a CAGR of 8.4% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Market Definition

"Display" refers to presenting information visually, typically on a screen or monitor. It involves demonstrating the data, images, or text for users to view. Displays are commonly used in devices such as computers, smartphones, and televisions to convey information effectively. They come in various types such as LCD, LED, and OLED, each with its technology and features tailored for specific applications.

Display Market Dynamics

Drivers

• Growing Demand for Customizable Display Applications

The growing demand for customizable display applications reflects a shift in consumer preferences toward tailored solutions. Businesses and users increasingly seek displays that can be adapted to their specific needs and preferences without requiring extensive technical expertise. Customizable display applications offer flexibility in adjusting settings, layouts, and features according to individual requirements, enhancing user experience and productivity. This trend underscores the importance of displays that can easily integrate with various systems and accommodate diverse user preferences, driving the demand for such solutions in the market.

• Rising Trend Towards User-Friendly Interfaces

The rising trend towards user-friendly interfaces in displays indicates a preference for intuitive and accessible interaction with technology. Users desire displays that are easy to navigate and understand, minimizing the learning curve and enhancing usability. This trend emphasizes the importance of clear, straightforward menus, touch controls, and responsive interfaces that cater to diverse user demographics. Through prioritizing user-friendliness, display manufacturers aim to improve overall user satisfaction and productivity, ensuring that individuals can interact with and derive value from displays with ease and efficiency. For instance, the user-friendly interface of mobile phones. With simple icons, intuitive gestures, and straightforward menus, users can easily navigate through various features and applications, enhancing their overall experience with the device.

Opportunities

• Increased Need for Adaptable Solutions

The increased need for adaptable solutions in displays reflects the demand for versatile technologies that can seamlessly integrate into diverse environments and cater to evolving requirements. Displays must accommodate various input sources, resolutions, and display formats to meet the needs of different users and applications. Adaptable displays can support multiple connectivity options, such as HDMI, DisplayPort, and USB-C, allowing them to connect to a wide range of devices. This flexibility enables displays to serve multiple purposes and adapt to changing technological landscapes effectively.

• Technological Advancements in Display Features

Technological advancements in display features encompass a range of developments aimed at enhancing visual clarity, responsiveness, and functionality. This includes innovations such as higher resolutions (For instance., 4K and 8K), faster refresh rates, improved color accuracy, and wider viewing angles. Additionally, advancements in display technology include the integration of features such as HDR (High Dynamic Range), OLED (Organic Light-Emitting Diode) panels for deeper blacks and vibrant colors, and curved or flexible displays for immersive viewing experiences. These advancements collectively contribute to creating displays that offer superior image quality, interactivity, and versatility, catering to the evolving needs of users across various industries and applications.

Restraints/Challenges

• Limited Space for Larger Display Installations

The constraint of limited space for larger display installations can impede the deployment of expansive screens, such as video walls or large digital signage, in environments with confined areas. This limitation may arise in retail stores, offices, or public venues where available space is at a premium. Consequently, there's a challenge to balance the desire for impactful visual communication with practical spatial constraints.

• Concerns about Energy Consumption and Efficiency

Concerns about energy consumption and efficiency in displays arise due to the increasing emphasis on sustainability and cost-effectiveness. Traditional display technologies, such as plasma and older LCD screens, are often energy-intensive, leading to higher operational costs and environmental impact. As a result, there's a growing demand for energy-efficient displays, such as LED-backlit LCDs and OLED panels, which consume less power while maintaining high-quality visuals. Additionally, features such as automatic brightness adjustment and power-saving modes help mitigate energy usage during periods of inactivity.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In June 2023, BOE partnered with ThundeRobot, to develop gaming displays for competitive gamers. This collaboration may strengthen the integration of technologies and product designs in the e-sports display domain, aiming to create high-end display solutions. This collaboration enhances technological integration and product design, fostering the creation of advanced display solutions
• In March 2022, Samsung Electronics launched the Smart Monitor series, the M8, featuring an upgraded, stylish design. The M8 delivers Samsung's iconic slim design in four new colors, warm white, sunset pink, daylight blue, and spring green. This move boosts market growth by catering to varied preferences and attracting a broader range of potential buyers
• In December 2022, Samsung Electronics Co., partnered with Google to take smart home interoperability to the next level. This integration fosters demand for displays in smart home devices, driving growth globally as consumers seek seamless connectivity and enhanced user experiences across their connected devices

Display Market Scope

The display market is segmented into four notable segments which are based on display type, product, technology, and end use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Display Type

• Flat Panel Display
• Flexible Panel
• Transparent Panel Display

Product

• Automotive Display
• Smart Wearable
• Tablet
• Automotive Display
• Television
• Smartphone
• PC Monitor and Laptop
• Signage

Technology  

• Direct-View LED
• Micro-LED
• OLED
• LCD

 End Use

• Automotive
• Healthcare
• Defence and Aerospace
• Education
• Sports and Entertainment
• Consumer, Retail and Hospitality
• Banking
• Financial Services and Insurance
• Transportation
• Industrial

Display Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by display type, product, technology, and end use as referenced above.

The countries covered in the market report are U.S., Canada, Mexic, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America as a part of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, and Rest of Middle East and Africa.

North America dominates the display market and will continue to flourish its trend of dominance due to the swift industrialization and presence of major key players in this region.

Asia-Pacific is expected to be the fastest-growing region in the display market due to the growing demand for AI technologies in the aviation sector. A significant presence in the top market player in the region which provides all the services and products in the market to the vast market size

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Display Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Panasonic Corporation (Japan)
• LG Display Co., Ltd (South Korea)
• HannStar(Taiwan)
• AUO Corporation(Taiwan)
• Chi Mei Corporation. (Taiwan)
• SAMSUNG (South Korea)
• SHARP CORPORATION (Japan)
• Schneider Electric (France)
• Siemens (Germany)
• Mitsubishi Electric Corporation (Japan)
• Sony Corporation (Japan)
• FUJITSU (Japan)
• Leyards Optoelectronics Co., Ltd, (China)
• NEC CORPORATION (Japan)
• BOE Technology Group Co., Ltd., (China)
• Innoulx Corporation (Taiwan)