Display Panel Market Forecasts to 2028 – Global Analysis By Type (Rigid, Flexible, Foldable, Flat, Transparent), Resolution (4K, 8K, High-Definition (HD), Full High-Definition (FHD), Wide Quad High-Definition) and By Geography
According to Stratistics MRC, the Global Display Panel Market is accounted for $122.74 billion in 2020 and is expected to reach $209.32 billion by 2028 growing at a CAGR of 6.9% during the forecast period. Factors such as growing urbanization, rising disposable income, and increasing popularity of smart devices are driving the growth of the market. However, high production cost of display panels is hampering the growth of the market.
Display panel is a component that displays information in various forms and it acts as a direct interface in human and machine interaction. Display panels are used in variety of equipments. The technological advancements in display panel enhance viewing experience, consume less electricity, and dissipate less heat.
Based on the technology, the organic light-emitting diode (OLED) segment is anticipated to expand at a rapid pace during the forecast period owing to its increasing usage in smartphones and televisions. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing consumer spending towards televisions and other devices.
Some of the key players profiled in the Display Panel Market include Samsung Electronics Co. Ltd, Panasonic Corporation, Toshiba Corporation, LG Display Co Ltd, Sharp Corporation, Sony Corporation, Hisense Co. Ltd, Japan Display Inc., AU Optronics Corporation, BOE Technology Group Co Ltd, Innolux Corporation, HannStar Display Corporation, Truly Electronics, Tianma Microelectronics, Chunghwa Picture Tubes Ltd, and China Star Optoelectronics Technology.
Estimated Market Size in 2020:
USD 122.74 billion
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 209.32 billion
Tables, Graphs & Figures
Size, Type, Resolution, Technology, Application, End User, Sales Channel, and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• High-Definition (HD)
• Full High-Definition (FHD)
• Wide Quad High-Definition (WQHD)
• Liquid Crystal Display (LCD)
• Light Emitting Diode (LED)
• Organic Light-Emitting Diode (OLED)
• Light Emitting Diode (LED)-Backlit Liquid Crystal Display (LCD)
• Laser Phosphor Display (LPD)
• Quantum Dot Light Emitting Diode (QD LED)
• Interferometric Modulator Display (IMOD)
• Other Technologies
• Desktop Monitor
• Personal Computer (PC) and Laptop
• Smartphone & Tablet
• Television & Digital Signage
• Car Navigation
• Sports & Gaming Consoles
• Smart Wearables
• Smart Home Appliances
• Medical Devices
End Users Covered:
• Aerospace, Defense, & Military
• Industrial & Enterprise
• Sports & Entertainment
• Consumer Electronics
• Banking, Financial Services and Insurance (BFSI)
Sales Channels Covered:
• Direct Sales
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Display Panel Market is majorly driven by growing urbanization, rising disposable income, and increasing popularity of smart devices.
The light emitting diode (LED) segment is growing at a highest CAGR owing to the advancements in this technology along with its energy-efficient nature.
North America dominated with a significant market share due to the factors such as the presence of key market players and early adoption of advanced technologies.
Asia Pacific market is growing at a highest CAGR owing to the increasing consumer demand for televisions, smartphones, and other devices.
Key players in Display Panel Market include Samsung Electronics Co. Ltd, Panasonic Corporation, Toshiba Corporation, LG Display Co Ltd, Sharp Corporation, Sony Corporation, Hisense Co. Ltd, Japan Display Inc., AU Optronics Corporation, BOE Technology Group Co Ltd, Innolux Corporation, HannStar Display Corporation, Truly Electronics, Tianma Microelectronics, Chunghwa Picture Tubes Ltd, and China Star Optoelectronics Technology.
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