Executive Summary

The IPS display market has experienced significant growth over the last few years, owing to the increasing demand for high-quality displays in various applications such as smartphones, laptops, TVs, monitors, and tablets. The global IPS display market size was valued at USD 50.2 billion in 2020 and is expected to grow at a CAGR of 7.8% from 2021 to 2028, reaching USD 89.4 billion by 2028. The market is primarily driven by the growing demand for high-quality displays in various applications, coupled with the increasing adoption of IPS displays in smartphones, laptops, and other electronic devices.

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.

Key Market Insights

• The global IPS display market size was valued at USD 50.2 billion in 2020 and is expected to grow at a CAGR of 7.8% from 2021 to 2028, reaching USD 89.4 billion by 2028.
• The market is primarily driven by the growing demand for high-quality displays in various applications, coupled with the increasing adoption of IPS displays in smartphones, laptops, and other electronic devices.
• The Asia Pacific region is expected to dominate the IPS display market during the forecast period, owing to the increasing demand for smartphones and other electronic devices in countries such as China and India.
• The smartphone application segment is expected to hold the largest share of the IPS display market during the forecast period, owing to the increasing adoption of smartphones with high-quality displays.

Market Analysis

The IPS display market is driven by the growing demand for high-quality displays in various applications such as smartphones, laptops, TVs, monitors, and tablets. The increasing adoption of IPS displays in smartphones, laptops, and other electronic devices is also driving the growth of the market.

Market Drivers

• Increasing demand for high-quality displays in various applications
• Growing adoption of IPS displays in smartphones, laptops, and other electronic devices
• Technological advancements in IPS display technology
• Rising disposable income of consumers

Market Restraints

• High cost of IPS displays compared to traditional TN displays
• Limited availability of raw materials for IPS displays
• Intense competition among market players

Market Opportunities

• Growing demand for OLED displays
• Increasing adoption of flexible displays
• Rising demand for automotive displays

Market Dynamics

Regional Analysis

The Asia Pacific region is expected to dominate the IPS display market during the forecast period, owing to the increasing demand for smartphones and other electronic devices in countries such as China and India. The region is also home to several key players in the IPS display market, such as LG Display Co., Ltd. and Samsung Electronics Co., Ltd. North America and Europe are also expected to witness significant growth in the IPS display market, owing to the increasing demand for high-quality displays in various applications.

Competitive Landscape

Leading companies in the IPS Display market:

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

Segmentation

The IPS display market can be segmented on the basis of application, size, and region.

On the basis of application, the market can be segmented into smartphones, laptops, TVs, monitors, tablets, and others.

On the basis of size, the market can be segmented into small (<10 inches), medium (10-30 inches), and large (>30 inches).

On the basis of region, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Category-wise Insights

The smartphone application segment is expected to hold the largest share of the IPS display market during the forecast period, owing to the increasing adoption of smartphones with high-quality displays. The medium-size segment is also expected to witness significant growth in the market, owing to the increasing demand for high-quality displays in laptops and monitors.

Key Benefits for Industry Participants and Stakeholders

• Comprehensive analysis of the IPS display market and its segments
• In-depth analysis of market drivers, restraints, opportunities, and challenges
• Detailed analysis of key players operating in the market
• Competitive landscape analysis and market share analysis
• Insights into key trends and developments shaping the market

SWOT Analysis

Strengths:

• Better color reproduction and wider viewing angles than traditional TN displays
• Faster response times compared to traditional TN displays
• Increasing adoption in smartphones, laptops, and other electronic devices

Weaknesses:

• High cost compared to traditional TN displays
• Limited availability of raw materials for IPS displays

Opportunities:

• Growing demand for OLED displays
• Increasing adoption of flexible displays
• Rising demand for automotive displays

Threats:

• Intense competition among market players
• Technological advancements in other display technologies

Market Key Trends

• Increasing adoption of IPS displays in smartphones, laptops, and other electronic devices
• Technological advancements in IPS display technology
• Rising demand for automotive displays
• Growing demand for high-quality displays in various applications

Covid-19 Impact

The Covid-19 pandemic has had a significant impact on the IPS display market, with disruptions in the global supply chain and a decline in demand for electronic devices. However, the market has witnessed a gradual recovery as economies reopen and demand for electronic devices such as smartphones, laptops, and TVs picks up.

Key Industry Developments

• In March 2021, LG Display Co., Ltd. announced the development of a 48-inch flexible OLED display.
• In January 2021, Samsung Electronics Co., Ltd. announced the launch of its latest QLED TV lineup, featuring Quantum Mini LED technology.

• In September 2020, Japan Display Inc. announced the development of a high-transmittance IPS display with reduced blue light emission.

Analyst Suggestions

The IPS display market is expected to witness significant growth during the forecast period, owing to the increasing demand for high-quality displays in various applications. The market is also expected to witness several technological advancements, such as the development of flexible displays and the adoption of OLED displays. Key players in the market are recommended to focus on product innovation, strategic partnerships, and mergers and acquisitions to expand their market presence and increase their market share.

Future Outlook

The IPS display market is expected to witness significant growth during the forecast period, owing to the increasing demand for high-quality displays in various applications. The market is also expected to witness several technological advancements, such as the development of flexible displays and the adoption of OLED displays. The Asia Pacific region is expected to dominate the market, owing to the increasing demand for smartphones and other electronic devices in countries such as China and India.

Conclusion

The IPS display market has experienced significant growth over the last few years, owing to the increasing demand for high-quality displays in various applications. The market is expected to witness significant growth during the forecast period, driven by factors such as the growing adoption of IPS displays in smartphones, laptops, and other electronic devices, and the increasing demand for high-quality displays in various applications. Key players in the market are recommended to focus on product innovation, strategic partnerships, and mergers and acquisitions to expand their market presence and increase their market share.