Next Generation Display Market
PUBLISHED: 2024 ID: SMRC26492
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Next Generation Display Market

Next Generation Display Market Forecasts to 2030 - Global Analysis By Product (Flexible Display, Mid-air Display, Transparent Display, Three-dimensional Display, Double-sided Display, 2D One-sided Display and Other Products), Material, Resolution, Technology, Ingredient, Application and By Geography

4.2 (88 reviews)
4.2 (88 reviews)
Published: 2024 ID: SMRC26492

This report covers the impact of COVID-19 on this global market
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Years Covered

2022-2030

Estimated Year Value (2024)

US $306.45 BN

Projected Year Value (2030)

US $585.69 BN

CAGR (2024 - 2030)

11.4%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Next Generation Display Market is accounted for $306.45 billion in 2024 and is expected to reach $585.69 billion by 2030 growing at a CAGR of 11.4% during the forecast period. Now a days interactions with digital content could be completely changed by the next generation of displays. In addition to being thinner, lighter, and more energy-efficient, displays are now able to achieve previously unheard-of levels of brightness, contrast, and color accuracy thanks to developments in technologies like OLED, MicroLED, and quantum dots. Moreover, consumers visual experiences are improved by these displays, which also have the potential to revolutionize a number of other industries, including gaming, entertainment, and the automotive and healthcare sectors.

According to the American Psychological Association, Mental health is a key component of overall health and well-being, and includes emotional, psychological, and social well-being.

Market Dynamics: 

Driver: 

Growing need for displays with high resolution

The market for next-generation displays is also being driven by the increasing demand from consumers for high-resolution screens in laptops, tablets, televisions, and smartphones. Devices with crisper images, more vivid colors, and smoother motion rendering are in high demand from consumers. In order to provide displays with higher pixel densities, improved color accuracy, and quicker refresh rates, manufacturers are spending money on research and development. Additionally, the demand for high-quality displays to improve the viewing experience is further increased by the growth of social media platforms, online gaming, and content streaming services.

Restraint:

High budgetary restrictions

One of the primary restraints in the next-generation display market is the high cost associated with developing and manufacturing advanced display technologies. Furthermore, technologies like OLED, MicroLED, and Quantum Dot often involve complex production processes and require expensive materials, resulting in higher manufacturing costs compared to conventional display technologies. As a result, the initial purchase price of devices featuring next-generation displays may be prohibitively high for some consumers, limiting market penetration and adoption rates, especially in emerging markets or price-sensitive segments.

Opportunity:

Expansion of virtual reality and augmented reality

The development of AR and VR technologies offers manufacturers of next-generation displays a number of promising opportunities. To create realistic and immersive experiences, AR and VR applications need high-resolution, low-latency displays with wide viewing angles and accurate color reproduction. Moreover, the demand for cutting-edge display solutions is predicted to rise rapidly as AR and VR use cases move beyond gaming and entertainment and into industries like education, training, healthcare, and retail.

Threat:

Disruptions to the supply chain

Shortages of vital components, raw materials, and manufacturing equipment can cause supply chain disruptions that could affect the next-generation display market. Production delays, higher costs, and less product availability can result from supply chain disruptions like natural disasters, trade disputes, geopolitical tensions, or global health crises. Furthermore, exacerbating supply chain risks and impeding manufacturers capacity to meet demand and promptly fulfill orders is the reliance on a small number of suppliers or geographic areas for essential components.

Covid-19 Impact: 

The COVID-19 pandemic caused supply chain disruptions, manufacturing operations, and consumer demand, which had a substantial effect on the next-generation display market. In an effort to stop the virus from spreading, lockdown procedures, travel restrictions, and social distancing rules were implemented. These measures caused production delays, component shortages, and logistical difficulties for manufacturers. Additionally, the pandemic-induced economic downturn also lowered investor sentiment and consumer purchasing power, which hindered the adoption of new display technologies in industries like retail, consumer electronics, and automobiles.

The Flexible Display segment is expected to be the largest during the forecast period

In the Next Generation Display Market, the flexible display segment has the largest market share. Flexible displays are ideal for a variety of applications, including wearables, automobile displays, signage, smartphones, and signage. They also have special advantages like bendability, lightweight design, and durability. These displays can be bent, rolled, or folded without sacrificing functionality or image quality because they use flexible substrates like plastic or flexible glass. Moreover, flex displays are becoming more and more popular in a variety of industries due to the growing demand for portable devices, immersive experiences, and novel form factors.

The Emitter segment is expected to have the highest CAGR during the forecast period

The Next Generation Display Market's emitter segment is anticipated to grow at the highest CAGR. In display technologies such as microLED displays and OLED (Organic Light Emitting Diodes), emitters are essential parts. When an electric current flows through organic emitters in OLED displays, bright colors and high contrast ratios are produced. Similar to this, inorganic emitters are used by microLED displays to create bright, energy-efficient light. Additionally, the emitter segment is expanding due to the growing demand for displays with better image quality, energy efficiency, and flexibility.

Region with largest share:

The Next Generation Display Market is dominated by the Asia-Pacific region. The presence of important display manufacturers in nations like South Korea, Japan, and China, who are spearheading innovation and technological advancements in display technologies like OLED, LCD, and MicroLED, is one of the factors contributing to this dominance. The area also has a sizable consumer electronics market with strong demand for televisions, smartphones, and other gadgets with displays. Furthermore, the region's market dominance is also largely due to rising disposable incomes, rapid urbanization, and rising investments in industries like retail, healthcare, and automobiles.

Region with highest CAGR:

The market for next-generation displays is expected to grow at the highest CAGR in North America. The demand for high-resolution displays in laptops, tablets, and smartphones, as well as the growing adoption of advanced display technologies in the gaming, healthcare, and automotive industries, are the main drivers of this growth. Moreover, significant R&D expenditures are also being made in the region, especially in the area of developing display technologies like flexible, transparent, and augmented reality (AR) screens. 

Key players in the market

Some of the key players in Next Generation Display market include Toray Industries Inc, Canon Inc., Merck Group, Cambridge Display Technology, Inc, Apple Inc, LG Display Co Ltd, DowDuPont Inc., Universal Display Corporation (UDC), Philips, Doosan Corporation, Samsung Electronics, Nanoco Group plc, Panasonic Corporation Co, Ltd, Toshiba Mobile Display Co. Ltd, Sony Corporation, Plessey Semiconductors and Sharp Corporation.

Key Developments:

In May 2024, Merck, a leading science and technology company, has signed a definitive agreement to acquire life science company Mirus Bio for US$ 600 million. Based in Madison, Wisconsin, USA, Mirus Bio is a specialist in the development and commercialization of transfection reagents. Transfection reagents, such as Mirus Bio's TransIT-VirusGEN®, are used to help introduce genetic material into cells. These reagents play a key role in the production of viral vectors for cell and gene therapies.

In April 2024, Toray Group and Hyundai Motor Group have entered into a partnership to develop materials that promote vehicle lightweighting. Parts made of CFPR (carbon fiber reinforced polymer) are also favored for the engines and batteries of 100% electric cars (BEV). 

In May 2023, Universal Display Corporation, enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that through its wholly-owned subsidiary UDC Ireland Limited, UDC has acquired the Phosphorescent OLED Emitter Intellectual Property (IP) assets of Merck KGaA, Darmstadt, Germany, a leading science and technology company.

Products Covered:
• Flexible Display
• Mid-air Display
• Transparent Display
• Three-dimensional Display
• Double-sided Display
• 2D One-sided Display
• Other Products 
 
Materials Covered:
• Substrate
• Polarizer
• Color Filter
• Liquid Crystal
• Backlighting Unit
• Emitter
• Organic Layer
• Encapsulation
• Other Materials 

Resolutions Covered:
• 3840x2160
• 4096x2160
• 3996x2160
• 5120x3200
• 5120x2160
• Other Resolutions

Technologies Covered:
• Quantum Dot Display (QD-LED)
• Field Emission Display (FED)
• Laser Phosphor Display (LPD)
• Organic Light-Emitting Diode (OLED)
• Organic Light-Emitting Transistor (OLET)
• Surface-Conduction Electron-Emitter Display (SED)
• Other Technologies 
 
Ingredients Covered:
• Carbon Nano Tubes (CNT)
• Nano Materials
• Quantum Dots
• Plastic Substrates
• Polymers
• Metals
• Other Ingredients 

Applications Covered:
• Smartphones
• Consumer Electronics
• Automotive
• Defense and Aerospace
• Medical
• E-Reader
• Televisions and Monitors
• Smart Watches
• Automotive Displays
• Laptops and Tablets
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
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 2022, 2023, 2024, 2026, and 2030
- 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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
         
2 Preface        
 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Product Analysis       
 3.7 Technology Analysis       
 3.8 Application Analysis       
 3.9 Emerging Markets       
 3.10 Impact of Covid-19       
         
4 Porters Five Force Analysis        
 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Next Generation Display Market, By Product        
 5.1 Introduction       
 5.2 Flexible Display       
 5.3 Mid-air Display       
 5.4 Transparent Display       
 5.5 Three-dimensional Display       
 5.6 Double-sided Display       
 5.7 2D One-sided Display       
 5.8 Other Products       
         
6 Global Next Generation Display Market, By Material        
 6.1 Introduction       
 6.2 Substrate       
 6.3 Polarizer       
 6.4 Color Filter       
 6.5 Liquid Crystal       
 6.6 Backlighting Unit       
 6.7 Emitter       
 6.8 Organic Layer       
 6.9 Encapsulation       
 6.10 Other Materials       
         
7 Global Next Generation Display Market, By Resolution        
 7.1 Introduction       
 7.2 3840x2160       
 7.3 4096x2160       
 7.4 3996x2160       
 7.5 5120x3200       
 7.6 5120x2160       
 7.7 Other Resolutions       
         
8 Global Next Generation Display Market, By Technology        
 8.1 Introduction       
 8.2 Quantum Dot Display (QD-LED)       
 8.3 Field Emission Display (FED)       
 8.4 Laser Phosphor Display (LPD)       
 8.5 Organic Light-Emitting Diode (OLED)       
 8.6 Organic Light-Emitting Transistor (OLET)       
 8.7 Surface-Conduction Electron-Emitter Display (SED)       
 8.8 Other Technologies       
         
9 Global Next Generation Display Market, By Ingredient        
 9.1 Introduction       
 9.2 Carbon Nano Tubes (CNT)       
 9.3 Nano Materials       
 9.4 Quantum Dots       
 9.5 Plastic Substrates       
 9.6 Polymers       
 9.7 Metals       
 9.8 Other Ingredients       
         
10 Global Next Generation Display Market, By Application        
 10.1 Introduction       
 10.2 Smartphones       
 10.3 Consumer Electronics       
 10.4 Automotive       
 10.5 Defense and Aerospace       
 10.6 Medical       
 10.7 E-Reader       
 10.8 Televisions and Monitors       
 10.9 Smart Watches       
 10.10 Automotive Displays       
 10.11 Laptops and Tablets       
 10.12 Other Applications       
         
11 Global Next Generation Display Market, By Geography        
 11.1 Introduction       
 11.2 North America       
  11.2.1 US      
  11.2.2 Canada      
  11.2.3 Mexico      
 11.3 Europe       
  11.3.1 Germany      
  11.3.2 UK      
  11.3.3 Italy      
  11.3.4 France      
  11.3.5 Spain      
  11.3.6 Rest of Europe      
 11.4 Asia Pacific       
  11.4.1 Japan      
  11.4.2 China      
  11.4.3 India      
  11.4.4 Australia      
  11.4.5 New Zealand      
  11.4.6 South Korea      
  11.4.7 Rest of Asia Pacific      
 11.5 South America       
  11.5.1 Argentina      
  11.5.2 Brazil      
  11.5.3 Chile      
  11.5.4 Rest of South America      
 11.6 Middle East & Africa       
  11.6.1 Saudi Arabia      
  11.6.2 UAE      
  11.6.3 Qatar      
  11.6.4 South Africa      
  11.6.5 Rest of Middle East & Africa      
         
12 Key Developments        
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 12.2 Acquisitions & Mergers       
 12.3 New Product Launch       
 12.4 Expansions       
 12.5 Other Key Strategies       
         
13 Company Profiling        
 13.1 Toray Industries Inc       
 13.2 Canon Inc.       
 13.3 Merck Group       
 13.4 Cambridge Display Technology, Inc       
 13.5 Apple Inc       
 13.6 LG Display Co Ltd       
 13.7 DowDuPont Inc.       
 13.8 Universal Display Corporation (UDC)       
 13.9 Philips       
 13.10 Doosan Corporation       
 13.11 Samsung Electronics       
 13.12 Nanoco Group plc       
 13.13 Panasonic Corporation Co, Ltd       
 13.14 Toshiba Mobile Display Co. Ltd       
 13.15 Sony Corporation       
 13.16 Plessey Semiconductors       
 13.17 Sharp Corporation       
         
List of Tables         
1 Global Next Generation Display Market Outlook, By Region (2022-2030) ($MN)        
2 Global Next Generation Display Market Outlook, By Product (2022-2030) ($MN)        
3 Global Next Generation Display Market Outlook, By Flexible Display (2022-2030) ($MN)        
4 Global Next Generation Display Market Outlook, By Mid-air Display (2022-2030) ($MN)        
5 Global Next Generation Display Market Outlook, By Transparent Display (2022-2030) ($MN)        
6 Global Next Generation Display Market Outlook, By Three-dimensional Display (2022-2030) ($MN)        
7 Global Next Generation Display Market Outlook, By Double-sided Display (2022-2030) ($MN)        
8 Global Next Generation Display Market Outlook, By 2D One-sided Display (2022-2030) ($MN)        
9 Global Next Generation Display Market Outlook, By Other Products (2022-2030) ($MN)        
10 Global Next Generation Display Market Outlook, By Material (2022-2030) ($MN)        
11 Global Next Generation Display Market Outlook, By Substrate (2022-2030) ($MN)        
12 Global Next Generation Display Market Outlook, By Polarizer (2022-2030) ($MN)        
13 Global Next Generation Display Market Outlook, By Color Filter (2022-2030) ($MN)        
14 Global Next Generation Display Market Outlook, By Liquid Crystal (2022-2030) ($MN)        
15 Global Next Generation Display Market Outlook, By Backlighting Unit (2022-2030) ($MN)        
16 Global Next Generation Display Market Outlook, By Emitter (2022-2030) ($MN)        
17 Global Next Generation Display Market Outlook, By Organic Layer (2022-2030) ($MN)        
18 Global Next Generation Display Market Outlook, By Encapsulation (2022-2030) ($MN)        
19 Global Next Generation Display Market Outlook, By Other Materials (2022-2030) ($MN)        
20 Global Next Generation Display Market Outlook, By Resolution (2022-2030) ($MN)        
21 Global Next Generation Display Market Outlook, By 3840x2160 (2022-2030) ($MN)        
22 Global Next Generation Display Market Outlook, By 4096x2160 (2022-2030) ($MN)        
23 Global Next Generation Display Market Outlook, By 3996x2160 (2022-2030) ($MN)        
24 Global Next Generation Display Market Outlook, By 5120x3200 (2022-2030) ($MN)        
25 Global Next Generation Display Market Outlook, By 5120x2160 (2022-2030) ($MN)        
26 Global Next Generation Display Market Outlook, By Other Resolutions (2022-2030) ($MN)        
27 Global Next Generation Display Market Outlook, By Technology (2022-2030) ($MN)        
28 Global Next Generation Display Market Outlook, By Quantum Dot Display (QD-LED) (2022-2030) ($MN)        
29 Global Next Generation Display Market Outlook, By Field Emission Display (FED) (2022-2030) ($MN)        
30 Global Next Generation Display Market Outlook, By Laser Phosphor Display (LPD) (2022-2030) ($MN)        
31 Global Next Generation Display Market Outlook, By Organic Light-Emitting Diode (OLED) (2022-2030) ($MN)        
32 Global Next Generation Display Market Outlook, By Organic Light-Emitting Transistor (OLET) (2022-2030) ($MN)        
33 Global Next Generation Display Market Outlook, By Surface-Conduction Electron-Emitter Display (SED) (2022-2030) ($MN)        
34 Global Next Generation Display Market Outlook, By Other Technologies (2022-2030) ($MN)        
35 Global Next Generation Display Market Outlook, By Ingredient (2022-2030) ($MN)        
36 Global Next Generation Display Market Outlook, By Carbon Nano Tubes (CNT) (2022-2030) ($MN)        
37 Global Next Generation Display Market Outlook, By Nano Materials (2022-2030) ($MN)        
38 Global Next Generation Display Market Outlook, By Quantum Dots (2022-2030) ($MN)        
39 Global Next Generation Display Market Outlook, By Plastic Substrates (2022-2030) ($MN)        
40 Global Next Generation Display Market Outlook, By Polymers (2022-2030) ($MN)        
41 Global Next Generation Display Market Outlook, By Metals (2022-2030) ($MN)        
42 Global Next Generation Display Market Outlook, By Other Ingredients (2022-2030) ($MN)        
43 Global Next Generation Display Market Outlook, By Application (2022-2030) ($MN)        
44 Global Next Generation Display Market Outlook, By Smartphones (2022-2030) ($MN)        
45 Global Next Generation Display Market Outlook, By Consumer Electronics (2022-2030) ($MN)        
46 Global Next Generation Display Market Outlook, By Automotive (2022-2030) ($MN)        
47 Global Next Generation Display Market Outlook, By Defense and Aerospace (2022-2030) ($MN)        
48 Global Next Generation Display Market Outlook, By Medical (2022-2030) ($MN)        
49 Global Next Generation Display Market Outlook, By E-Reader (2022-2030) ($MN)        
50 Global Next Generation Display Market Outlook, By Televisions and Monitors (2022-2030) ($MN)        
51 Global Next Generation Display Market Outlook, By Smart Watches (2022-2030) ($MN)        
52 Global Next Generation Display Market Outlook, By Automotive Displays (2022-2030) ($MN)        
53 Global Next Generation Display Market Outlook, By Laptops and Tablets (2022-2030) ($MN)        
54 Global Next Generation Display Market Outlook, By Other Applications (2022-2030) ($MN)        
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.         

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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