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Global Panel Displays Market by Type (Organic Light Emitting Diode Display (OLED), Liquid Crystal Display (LCD), Plasma Display (PDP)), By Application (Consumer Electronics, Automotive, Medical Devices, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: ES-560
  • Author: Up Market Research
  • Rating: 4.5
  • Total Reviews: 74
  • No. Of Pages: 214
  • Format:
  • Pub. Date: 2021-03-01
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The global panel displays that market size is expected to grow from USD 11.71 billion in 2018 to USD 15.99 billion by 2028, at a CAGR of 4% during the forecast period from 2018-2028. The growth of this market can be attributed to the increasing demand for high-resolution display panels and the rising number of electronic devices across the world (e.g., smartphones), which will drive the need for higher resolution displays and subsequently lead to an increase in panel production volumes over time.

A panel display is a form of flat-panel electronic visual display for either one eye or two eyes. It can also be known as liquid crystal displays (LCDs) and organic light-emitting diode displays (OLED), both of which are the most common types used in today's television screens, smartphones, tablets, etc. Panel Displays are flat panel screens that produce images with light. Panel displays offer a wide range of features and qualities, including size, resolution (number of pixels), color depth, brightness/contrast ratio, viewing angle, and energy efficiency.

The panels work by regulating electric currents to produce color from individual pixels on each screen. Most LCDs require backlighting with LED lamps that often has mercury content whereas some newer devices use self-illuminating LEDs or OLED technology instead of utilizing traditional CCFLs that contain mercury. In general, there are three subtypes: active-matrix variants; passive matrix variants; and more recently developed thin film transistor variant technologies.

On the basis of type, the global panel displays market is segmented into organic light-emitting diodes (OLED) technology, liquid crystal display (LCD), and plasma display.

Organic Light-Emitting Diodes (OLED)

OLED displays are a type of flat panel display technology used in televisions, mobile devices, and other electronics. They’re called organic light-emitting diode displays because the pixels emit their own light (as opposed to liquid crystal displays that use backlighting). The pixel response time on an OLED TV is very fast due to the lack of any kind of backlight; this makes it especially good for watching sports or playing video games.

Liquid Crystal Display (LCD)

LCDs or liquid crystal displays are the most common type of display for mobile devices and televisions. They work by passing a current through two layers of transparent material, one containing rod-shaped crystals that control light flow in an orderly manner (the "active matrix") and another with polarizing filters on each side to produce images on screen from different angles. Liquid crystals have been used as an electronic display since their invention over 50 years ago because they can be manufactured at low cost, provide reasonable viewing quality, even when viewed off-axis, and allow large-area screens to fit into relatively small areas such as televisions.

Plasma Display

A plasma display is a type of flat panel display that uses small cells containing electrically charged ionized gas or "plasma" as its light source, where each cell has only about one-thousandth the brightness of an LCD. The distinctive property of this form of illumination is that it emits lights in three primary colors (the additive primary colors) and can produce all other visible colors by varying the relative intensities among these primaries according to the RGB color model - something not possible with conventional displays such as cathode ray tubes which emit different intensity levels in two spectral bands.

On the basis of application, the global panel displays market is segmented into consumer electronics, automotive, medical devices, others.

Consumer Electronics

Consumer electronics is one of the major application fields for panel displays. Panel displays are mainly used in TVs, mobiles, computers, and other consumer electronic products that need a large size screen to show images or videos to consumers.


Panels in the automotive sector are usually a display or information screen inside of the vehicle. These screens can replace analog gauges, and sometimes provide functions beyond what an analog gauge could do. Some examples include fuel level, engine temperature, speedometer (digital), odometer/trip meters, and maintenance reminders.

Medical Devices

Some of the medical devices using panel displays are cardiac monitors, electrocardiographs, diagnostic imaging equipment, and ultrasound machines.

On the basis of region, the global panel displays market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America region holds the largest market share in the global panel display market due to increased adoption of this technology by electronics manufacturers in the US and Canada for TV production.

North America is segmented into the US, Canada. Latin America is segmented into Brazil and Mexico. Europe region includes Russia, Germany, Italy, and France. The Asia Pacific includes China, Japan, and India. Middle East & Africa include Saudi Arabia and South Africa.

The Middle East & Africa region is expected to grow at a higher CAGR during the forecast period due to the increasing adoption of this technology in consumer electronics and automotive applications.

The major player operating in panel displays industry includes LG Display Co., Ltd., Samsung Electronics Co., Ltd., Sharp Corporation, and Hitachi, Ltd.

Growth Factors

The global panel displays market is driven by factors such as the growing popularity of OLED-based devices, declining prices of LCDs and PDPs. The growth prospects for this market are also high due to the increased use of technology across various applications like consumer electronics (TV), automotive, medical devices, etc. For instance, a recent study predicts that owing to increased demand from emerging economies with rising disposable incomes and increasing penetration rates coupled with reduced costs of production will help drive the industry's expansion over the forecast period.

Up Market Research published a new report titled “Panel Displays Market research report which is segmented by Types (Organic Light Emitting Diode Display (OLED), Liquid Crystal Display (LCD), Plasma Display (PDP)), By Applications (Consumer Electronics, Automotive, Medical Devices, Others), By Players/Companies Samsung Display, LG Display, Sharp, AUO, Chunghwa Picture Tubes (CPT), Toshiba, Chimei-Innolux, Sony, Hitachi, Canon, Panasonic, Acer, BOE, Star Optoelectronics Technology (CSOT), Au Optronics”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report Attributes Report Details
Report Title Panel Displays Market Research Report
By Type Organic Light Emitting Diode Display (OLED), Liquid Crystal Display (LCD), Plasma Display (PDP)
By Application Consumer Electronics, Automotive, Medical Devices, Others
By Companies Samsung Display, LG Display, Sharp, AUO, Chunghwa Picture Tubes (CPT), Toshiba, Chimei-Innolux, Sony, Hitachi, Canon, Panasonic, Acer, BOE, Star Optoelectronics Technology (CSOT), Au Optronics
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 214
Number of Tables & Figures 150
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 Panel Displays Industry Outlook

Global Panel Displays Market Report Segments:

The market is segmented by Type Organic Light Emitting Diode Display (OLED), Liquid Crystal Display (LCD), Plasma Display (PDP) and By Application Consumer Electronics, Automotive, Medical Devices, Others.


Some of the companies that are profiled in this report are:

  1. Samsung Display
  2. LG Display
  3. Sharp
  4. AUO
  5. Chunghwa Picture Tubes (CPT)
  6. Toshiba
  7. Chimei-Innolux
  8. Sony
  9. Hitachi
  10. Canon
  11. Panasonic
  12. Acer
  13. BOE
  14. Star Optoelectronics Technology (CSOT)
  15. Au Optronics

Panel Displays 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 Panel Displays Market

Overview of the regional outlook of the Panel Displays 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.

Panel Displays Market Overview

Highlights of The Panel Displays Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Panel Displays Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Organic Light Emitting Diode Display (OLED)

                2. Liquid Crystal Display (LCD)

                3. Plasma Display (PDP)

       7. By Application:

                1. Consumer Electronics

                2. Automotive

                3. Medical Devices

                4. Others

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Panel Displays 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

Panel Displays Market Statistics

Reasons to Purchase the Panel Displays 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 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Panel Displays 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 Panel Displays Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Panel Displays 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 Panel Displays 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 Panel Displays Market Size & Forecast, 2018-2028 
      4.5.1 Panel Displays Market Size and Y-o-Y Growth 
      4.5.2 Panel Displays Market Absolute $ Opportunity 

Chapter 5 Global Panel Displays 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 Panel Displays Market Size Forecast by Type
      5.2.1 Organic Light Emitting Diode Display (OLED)
      5.2.2 Liquid Crystal Display (LCD)
      5.2.3 Plasma Display (PDP)
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Panel Displays 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 Panel Displays Market Size Forecast by Applications
      6.2.1 Consumer Electronics
      6.2.2 Automotive
      6.2.3 Medical Devices
      6.2.4 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Panel Displays 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 Panel Displays 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 Panel Displays Analysis and Forecast
   9.1 Introduction
   9.2 North America Panel Displays 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 Panel Displays Market Size Forecast by Type
      9.6.1 Organic Light Emitting Diode Display (OLED)
      9.6.2 Liquid Crystal Display (LCD)
      9.6.3 Plasma Display (PDP)
   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 Panel Displays Market Size Forecast by Applications
      9.10.1 Consumer Electronics
      9.10.2 Automotive
      9.10.3 Medical Devices
      9.10.4 Others
   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 Panel Displays Analysis and Forecast
   10.1 Introduction
   10.2 Europe Panel Displays 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 Panel Displays Market Size Forecast by Type
      10.6.1 Organic Light Emitting Diode Display (OLED)
      10.6.2 Liquid Crystal Display (LCD)
      10.6.3 Plasma Display (PDP)
   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 Panel Displays Market Size Forecast by Applications
      10.10.1 Consumer Electronics
      10.10.2 Automotive
      10.10.3 Medical Devices
      10.10.4 Others
   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 Panel Displays Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Panel Displays 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 Panel Displays Market Size Forecast by Type
      11.6.1 Organic Light Emitting Diode Display (OLED)
      11.6.2 Liquid Crystal Display (LCD)
      11.6.3 Plasma Display (PDP)
   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 Panel Displays Market Size Forecast by Applications
      11.10.1 Consumer Electronics
      11.10.2 Automotive
      11.10.3 Medical Devices
      11.10.4 Others
   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 Panel Displays Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Panel Displays 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 Panel Displays Market Size Forecast by Type
      12.6.1 Organic Light Emitting Diode Display (OLED)
      12.6.2 Liquid Crystal Display (LCD)
      12.6.3 Plasma Display (PDP)
   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 Panel Displays Market Size Forecast by Applications
      12.10.1 Consumer Electronics
      12.10.2 Automotive
      12.10.3 Medical Devices
      12.10.4 Others
   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) Panel Displays Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Panel Displays 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) Panel Displays Market Size Forecast by Type
      13.6.1 Organic Light Emitting Diode Display (OLED)
      13.6.2 Liquid Crystal Display (LCD)
      13.6.3 Plasma Display (PDP)
   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) Panel Displays Market Size Forecast by Applications
      13.10.1 Consumer Electronics
      13.10.2 Automotive
      13.10.3 Medical Devices
      13.10.4 Others
   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 Panel Displays Market: Competitive Dashboard
   14.2 Global Panel Displays Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Samsung Display
      14.3.2 LG Display
      14.3.3 Sharp
      14.3.4 AUO
      14.3.5 Chunghwa Picture Tubes (CPT)
      14.3.6 Toshiba
      14.3.7 Chimei-Innolux
      14.3.8 Sony
      14.3.9 Hitachi
      14.3.10 Canon
      14.3.11 Panasonic
      14.3.12 Acer
      14.3.13 BOE
      14.3.14 Star Optoelectronics Technology (CSOT)
      14.3.15 Au Optronics
Segments Covered in the Report
The global Panel Displays market has been segmented based on

By Types
  • Organic Light Emitting Diode Display (OLED)
  • Liquid Crystal Display (LCD)
  • Plasma Display (PDP)
By Applications
  • Consumer Electronics
  • Automotive
  • Medical Devices
  • Others
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Samsung Display
  • LG Display
  • Sharp
  • AUO
  • Chunghwa Picture Tubes (CPT)
  • Toshiba
  • Chimei-Innolux
  • Sony
  • Hitachi
  • Canon
  • Panasonic
  • Acer
  • BOE
  • Star Optoelectronics Technology (CSOT)
  • Au Optronics

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