Global Display Device Market by Type (LCD, LED, OLED, AMOLED, Others), By Application (Residential, Large Enterprises, Small Medium Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Display Device Market size is expected to grow from USD 118.5 billion in 2018 to USD 168.4 billion by 2028, at a CAGR of 5.6%. The LCD segment dominated the market during the forecast period with more than 50% share, and it is expected to continue its dominance throughout the forecast period owing to increasing demand for large screen devices such as televisions and monitors in residential as well as commercial applications. It is anticipated that the major drivers of the growth are the rising adoption of smartphones and tablets due to the increasing demand for high-quality displays in emerging markets such as China and India.
Display Devices are electronic devices that display text, images, and video in order to communicate a message. These devices can be classified into two types: monitors or televisions. The first major type of Display Device is the Monitor which displays information on both sides of its screen through an LCD (Liquid Crystal Display). The second major kind of display Devices is Television, which has one face displaying images or videos due to Light Emitting Diodes (LEDs) being placed behind the screens. A third category includes OLEDs (Organic LED) and AMOLED TVs(Active Matrix Organic LEDs), but they have not been popularized so far because their prices are high when compared with other options like liquid crystal displays.
On the basis of Type, the market is segmented into LCD, LED, OLED and AMOLED.
Liquid Crystal Display (LCD):
LCD is a technology used in flat-panel TVs, computer monitors, and laptops to create an image by arranging liquid crystals between two panes of glass with each pane having electrically charged electrodes on the inside surface facing outwards towards one another.
This arrangement causes light passing through it from behind to be blocked or transmitted as desired while creating images that are viewable from the front side - either directly by eye or indirectly via a projection screen. This type is not compatible with high ambient lighting conditions because they produce difficulty reading text due to glare; however, this can be controlled using anti-glare filters placed over screens (most commonly applied when there's sunlight coming into contact with their surfaces.
Light Emitting Diodes (LED):
This type of screen is based on the principle that electric current can be passed through a semiconductor material to create light, which then passes between two panes of glass with each pane having electrically charged electrodes on the inside surface facing outwards towards one another. This arrangement causes light passing through it from behind to be blocked or transmitted as desired while creating images that are viewable from the front side - either directly by eye or indirectly via a projection screen. LED screens have significant advantages over LCDs including better contrast and faster response times meaning they're less likely to produce afterimages when transitioning between frames because there's no need for an additional backlight (like in most LCD displays).
Organic LED (OLED):
OLED is short for organic light-emitting diode. OLEDs are a type of display technology where a material that’s been given the name “organic,” or it may also be called “polymer,” emits light when electricity flows through it. They can use either AC signals to make them emit any color they want and DC to produce just one specific color (therefore making them more efficient). In addition, because there are no backlights in an OLED screen you get better contrast and faster response times (because there's less distance between pixels) than with LCD screens.
Active Matrix Organic LEDs (AMOLED):
AMOLED stands for active-matrix organic light-emitting diode. They're a type of display technology where the pixels are physically arranged in such a way to allow them to illuminate without requiring backlights, like with LCDs and turning on individual lights (or red, green and blue bulbs) separately). AMOLES can not only produce any color they want using DC signals but also use AC signals that have been proven to make them more efficient than other OLED types. However, because there's no need for an additional backlight it sacrifices contrast levels over time.
On the basis of Application, the market is segmented into Residential, Large Enterprises, and Small Medium Enterprises. The Residential segment is expected to grow at the highest CAGR during 2021-2028. The reason for such high growth is that these monitors are being increasingly used in homes and offices due to their versatility as well as lower prices, which have allowed people to access them more easily than TVs.
On the basis of Region, the market is segmented Into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America dominated the market with a whopping share of 36% in 2017 and it is anticipated that by 2028, North America will continue leading the global display device market with an estimated value of USD $19 billion. Furthermore, Latin American countries are also growing fast on account of rising disposable incomes coupled with strict macroeconomic policies followed by these nations' governments which has resulted in new investments in research & development (R&D) activities for manufacturing electronic devices including LCDs.
The Asia Pacific Market is anticipated to grow at the highest CAGR in terms of value during the forecast period. The regional dominance is driven by a growing need for large display devices such as TVs, PC monitors, and panoramic displays which are used increasingly for gaming and entertainment purposes. The market has been witnessing a rise in the adoption of various technologies due to their benefits such as high image quality with low power consumption. Henceforth the demand for these devices will likely increase over the forecast period owing to increased usage across different sectors – residential, large enterprises, and small-medium enterprises. On the other hand, declining prices have led consumers towards LCDs which are generally cheaper than other types of displays. However, this trend may not continue going forward because new innovations occurring by competitors could lead them to be costlier compared to earlier years.
Up Market Research published a new report titled “Display Device Market research report which is segmented by Types (LCD, LED, OLED, AMOLED, Others), By Applications (Residential, Large Enterprises, Small Medium Enterprises), By Players/Companies Samsung, LG, Panasonic, Toshiba, Sony, HISENSE ELECTRIC, BenQ, TCL, Skyworth Electronics”.
Report Scope
Report Attributes | Report Details |
Report Title | Display Device Market Research Report |
By Type | LCD, LED, OLED, AMOLED, Others |
By Application | Residential, Large Enterprises, Small Medium Enterprises |
By Companies | Samsung, LG, Panasonic, Toshiba, Sony, HISENSE ELECTRIC, BenQ, TCL, Skyworth Electronics |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 224 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Display Device Market Report Segments:
The market is segmented by Type LCD, LED, OLED, AMOLED, Others and By Application Residential, Large Enterprises, Small Medium Enterprises.
Some of the companies that are profiled in this report are:
- Samsung
- LG
- Panasonic
- Toshiba
- Sony
- HISENSE ELECTRIC
- BenQ
- TCL
- Skyworth Electronics
Display Device Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Display Device Market
Overview of the regional outlook of the Display Device Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Display Device Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Display Device Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. LCD
2. LED
3. OLED
4. AMOLED
5. Others
7. By Application:1. Residential
2. Large Enterprises
3. Small Medium Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Display Device Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Display Device Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Display Device Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Display Device Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Display Device Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Display Device Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Display Device Market Size & Forecast, 2018-2028
4.5.1 Display Device Market Size and Y-o-Y Growth
4.5.2 Display Device Market Absolute $ Opportunity
Chapter 5 Global Display Device Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Display Device Market Size Forecast by Type
5.2.1 LCD
5.2.2 LED
5.2.3 OLED
5.2.4 AMOLED
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Display Device Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Display Device Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Large Enterprises
6.2.3 Small Medium Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Display Device Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Display Device Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Display Device Analysis and Forecast
9.1 Introduction
9.2 North America Display Device Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Display Device Market Size Forecast by Type
9.6.1 LCD
9.6.2 LED
9.6.3 OLED
9.6.4 AMOLED
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Display Device Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Large Enterprises
9.10.3 Small Medium Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Display Device Analysis and Forecast
10.1 Introduction
10.2 Europe Display Device Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Display Device Market Size Forecast by Type
10.6.1 LCD
10.6.2 LED
10.6.3 OLED
10.6.4 AMOLED
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Display Device Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Large Enterprises
10.10.3 Small Medium Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Display Device Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Display Device Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Display Device Market Size Forecast by Type
11.6.1 LCD
11.6.2 LED
11.6.3 OLED
11.6.4 AMOLED
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Display Device Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Large Enterprises
11.10.3 Small Medium Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Display Device Analysis and Forecast
12.1 Introduction
12.2 Latin America Display Device Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Display Device Market Size Forecast by Type
12.6.1 LCD
12.6.2 LED
12.6.3 OLED
12.6.4 AMOLED
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Display Device Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Large Enterprises
12.10.3 Small Medium Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Display Device Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Display Device Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Display Device Market Size Forecast by Type
13.6.1 LCD
13.6.2 LED
13.6.3 OLED
13.6.4 AMOLED
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Display Device Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Large Enterprises
13.10.3 Small Medium Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Display Device Market: Competitive Dashboard
14.2 Global Display Device Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Samsung
14.3.2 LG
14.3.3 Panasonic
14.3.4 Toshiba
14.3.5 Sony
14.3.6 HISENSE ELECTRIC
14.3.7 BenQ
14.3.8 TCL
14.3.9 Skyworth Electronics