Electronic Display Market: Executive Summary

The global electronic display market is expected to grow at a significant rate over the next few years. The market is being driven by factors such as the increasing demand for high-quality displays, the growth of the automotive industry, and the increasing adoption of smartphones and other mobile devices. Advancements in display technologies, such as the development of flexible displays, are also expected to contribute to the growth of the electronic display market.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Electronic Display Market: Key Market Insights

• The global electronic display market is expected to grow at a CAGR of 6.4% from 2021 to 2028.
• The Asia Pacific region is expected to dominate the electronic display market, driven by the growth of the consumer electronics industry in countries such as China, Japan, and South Korea.
• The LCD technology segment is expected to hold the largest share of the electronic display market, driven by its widespread use in various applications such as televisions, laptops, and smartphones.
• The automotive display segment is expected to grow at the highest rate, driven by the increasing adoption of electronic displays in vehicles for infotainment and driver assistance systems.

Electronic Display Market Drivers

1. Increasing demand for high-quality displays

The increasing demand for high-quality displays is a major driver of the electronic display market. Consumers are looking for displays with higher resolution, brightness, and color accuracy, which has led to the development of advanced display technologies such as OLED and QLED displays. The demand for high-quality displays is also being driven by the increasing use of displays in applications such as virtual and augmented reality, which require high-resolution displays to provide an immersive experience.

2. Growth of the automotive industry

The growth of the automotive industry is another major driver of the electronic display market. Electronic displays are being increasingly used in vehicles for infotainment and driver assistance systems. The demand for electronic displays in the automotive industry is being driven by factors such as increasing consumer demand for advanced features and the increasing focus on vehicle safety.

3. Increasing adoption of smartphones and other mobile devices

The increasing adoption of smartphones and other mobile devices is also driving the electronic display market. Electronic displays are a critical component of smartphones and tablets, and the increasing adoption of these devices has led to a corresponding increase in demand for displays. Additionally, the increasing use of electronic displays in wearable devices such as smartwatches and fitness trackers is also contributing to the growth of the electronic display market.

Electronic Display Market Restraints

1. High cost of advanced display technologies

The high cost of advanced display technologies such as OLED displays is a major restraint on the electronic display market. These technologies are often more expensive than traditional LCD displays, which can limit their adoption in certain applications. However, advancements in manufacturing processes and increasing competition in the market are expected to drive down the cost of advanced display technologies in the coming years.

2. Availability of alternative display technologies

The availability of alternative display technologies such as e-ink displays and projection displays is also a restraint on the electronic display market. These technologies offer certain advantages over electronic displays in specific applications, such as e-ink displays for e-readers and projection displays for large-scale displays.

3. Environmental concerns

The production and disposal of electronic displays can have a negative impact on the environment. The use of certain materials in display production, such as heavy metals, can be harmful if not disposed of properly. Additionally, the disposal of electronic displays can contribute to electronic waste, which is a growing concern worldwide.

Electronic Display Market Opportunities

1. Development of flexible display technologies

The development of flexible display technologies presents a significant opportunity for the electronic display market. Flexible displays offer certain advantages over traditional rigid displays, such as the ability to be bent and folded. This makes them suitable for use in applications such as wearable devices and curved displays.

2. Growth of the smart home market

The growth of the smart home market is another opportunity for the electronic display market. Electronic displays are being increasingly used in smart home devices such as thermostats and home assistants, and the increasing adoption of these devices is expected to drive demand for electronic displays in the coming years.

3. Increasing demand for electronic displays in healthcare applications

The increasing use of electronic displays in healthcare applications is also an opportunity for the electronic display market. Electronic displays are being used in medical devices such as patient monitors and diagnostic equipment, and the demand for these devices is expected to increase in the coming years.

Electronic Display Market Dynamics

The electronic display market is characterized by intense competition and rapid technological advancements. The market is dominated by a few key players, including Samsung, LG Display, and Sharp, among others. These companies are investing heavily in research and development to develop new and advanced display technologies.

Additionally, the market is being driven by the increasing demand for high-quality displays, the growth of the automotive industry, and the increasing adoption of smartphones and other mobile devices. However, the market is also facing challenges such as the high cost of advanced display technologies and environmental concerns.

Electronic Display Market: Regional Analysis

The Asia Pacific region is expected to dominate the electronic display market, driven by the growth of the consumer electronics industry in countries such as China, Japan, and South Korea. The region is home to several key players in the electronic display market, including Samsung and LG Display. Additionally, the region is expected to witness significant growth in the automotive industry, which is a major user of electronic displays.

North America and Europe are also expected to be significant markets for electronic displays, driven by factors such as the increasing adoption of smartphones and other mobile devices, the growth of the smart home market, and the increasing use of electronic displays in healthcare applications.

Electronic Display Market: Competitive Landscape

Leading companies in the Electronic Display Market:

1. Samsung Electronics Co., Ltd.
2. LG Display Co., Ltd.
3. Sony Corporation
4. Panasonic Corporation
5. Sharp Corporation
6. BOE Technology Group Co., Ltd.
7. AU Optronics Corp.
8. Innolux Corporation
9. Japan Display Inc.
10. Tianma Microelectronics Co., Ltd.

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Electronic Display Market: Segmentation

The electronic display market can be segmented on the basis of technology, application, and region.

By Technology:

• LCD
• OLED
• LED
• Others

By Application:

• Consumer Electronics
• Automotive
• Healthcare
• Industrial
• Others

By Region:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Electronic Display Market: Category-wise Insights

Consumer Electronics:

The consumer electronics segment is the largest application segment for electronic displays. The segment includes applications such as smartphones, tablets, televisions, and laptops, among others. The demand for electronic displays in this segment is being driven by factors such as increasing demand for high-quality displays, the growth of the smartphone market, and the increasing adoption of electronic displays in other consumer electronic devices.

Automotive:

The automotive segment is the fastest-growing application segment for electronic displays. Electronic displays are being increasingly used in vehicles for infotainment and driver assistance systems. The demand for electronic displays in the automotive industry is being driven by factors such as increasing consumer demand for advanced features and the increasing focus on vehicle safety.

Healthcare:

The healthcare segment is another significant application segment for electronic displays. Electronic displays are being used in medical devices such as patient monitors and diagnostic equipment. The demand for electronic displays in the healthcare industry is being driven by factors such as increasing demand for advanced medical equipment and the increasing use of telemedicine.

Electronic Display Market: Key Benefits for Industry Participants and Stakeholders

1. Growing demand for electronic displays in various applications presents significant growth opportunities for industry participants.
2. Advancements in display technologies are leading to the development of new and innovative products, which can help industry participants differentiate themselves in the market.
3. The increasing demand for high-quality displays is driving the adoption of advanced display technologies, which can help industry participants achieve higher profit margins.
4. The growth of the automotive and healthcare industries presents significant opportunities for industry participants to expand their businesses into new markets.

Electronic Display Market: SWOT Analysis

Strengths:

• Growing demand for electronic displays in various applications.
• Advancements in display technologies leading to the development of new and innovative products.
• Increasing demand for high-quality displays driving the adoption of advanced display technologies.

Weaknesses:

• High cost of advanced display technologies limiting adoption in certain applications.
• Availability of alternative display technologies such as e-ink displays and projection displays.

Opportunities:

• Development of flexible display technologies.
• Growth of the smart home market.
• Increasing demand for electronic displays in healthcare applications.

Threats:

• Environmental concerns related to the production and disposal of electronic displays.
• Intense competition in the market.
• Economic downturns and other global events impacting demand for electronic displays.

Electronic Display Market: Key Trends

1. Development of flexible display technologies.
2. Increasing use of electronic displays in the automotive industry for infotainment and driver assistance systems.
3. Growing demand for high-quality displays in various applications.
4. Increasing adoption of electronic displays in healthcare applications.
5. Advancements in display technologies, such as the development of QLED and MicroLED displays.

Electronic Display Market: Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the electronic display market. The pandemic led to disruptions in the global supply chain, which impacted the production and delivery of electronic displays. Additionally, the pandemic led to a decline in consumer spending on electronics, which impacted demand for electronic displays.

However, the pandemic also led to an increase in demand for electronic displays in certain applications, such as telemedicine and remote work. The pandemic also accelerated the adoption of certain technologies such as flexible displays and touchless interfaces.

Electronic Display Market: Key Industry Developments

1. Samsung Electronics developed a new type of OLED display in 2020, which it claims is the world’s first to receive “eye comfort” certification from TUV Rheinland.
2. LG Display announced the development of a new type of OLED display in 2020, which it claims has the world’s highest resolution for a large-size OLED panel.

3. Japan Display Inc. (JDI) announced in 2020 that it had developed a new type of electronic paper display that can display color video.
4. Sharp Corporation announced in 2021 that it had developed a new type of transparent display that can be used in applications such as store windows and digital signage.
5. Apple Inc. announced in 2021 that it would be transitioning its Mac computers to its own custom-designed processors, which are expected to lead to improvements in display quality.

Electronic Display Market: Analyst Suggestions

1. Industry participants should focus on developing new and innovative products, particularly in the area of flexible display technologies.
2. Industry participants should invest in research and development to improve the performance and reduce the cost of advanced display technologies such as OLED and QLED displays.
3. Industry participants should focus on expanding their businesses into new markets such as the automotive and healthcare industries.
4. Industry participants should focus on developing environmentally sustainable products and manufacturing processes to address concerns related to electronic waste.

Electronic Display Market: Future Outlook

The electronic display market is expected to continue to grow at a significant rate over the next few years. The market is being driven by factors such as the increasing demand for high-quality displays, the growth of the automotive industry, and the increasing adoption of smartphones and other mobile devices. Additionally, advancements in display technologies such as flexible displays are expected to contribute to the growth of the electronic display market.

However, the market is also facing challenges such as the high cost of advanced display technologies and environmental concerns related to the production and disposal of electronic displays. Industry participants will need to address these challenges in order to capitalize on the opportunities presented by the growing demand for electronic displays.

Electronic Display Market: Conclusion

The electronic display market is a rapidly growing market that is being driven by the increasing demand for high-quality displays in various applications. The market is characterized by intense competition and rapid technological advancements, with industry participants investing heavily in research and development to develop new and innovative display technologies.

The growth of the electronic display market is being driven by factors such as the increasing adoption of smartphones and other mobile devices, the growth of the automotive industry, and the increasing use of electronic displays in healthcare applications. The market is also being driven by advancements in display technologies such as the development of flexible displays.

However, the market is also facing challenges such as the high cost of advanced display technologies and environmental concerns related to the production and disposal of electronic displays. Industry participants will need to address these challenges in order to capitalize on the opportunities presented by the growing demand for electronic displays.