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.
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.
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.
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 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.
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.
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 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|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|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.
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:
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:
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.
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:
Reasons to Purchase the Panel Displays Market Report:
Some other reports from this category!