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Dublin, March 03, 2021 (GLOBE NEWSWIRE) -- The "Display Market with COVID-19 Impact Analysis by Product (Smartphones, Wearables, Television Sets, Signage, Tablets), Resolution, Display Technology (LCD, OLED, Direct-View LED, Micro-LED), Panel Size, Vertical, and Geography - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering. The global display market size was valued at USD 148.4 billion in 2021 and is projected to reach USD 177.1 billion by 2026. It is expected to grow at a CAGR of 3.6% during the forecast period. Surging adoption of OLED displays in various applications, increasing use of LED displays for video wall, TVs, and digital signage applications, growing demand for interactive displays in various applications, and rising demand for display-based medical equipment, including ventilators and respirators, due to COVID-19 pandemic are the key driving factors for the display market. However, the decline in demand for displays in the retail sector due to the drastic shift towards online advertisement and shopping hampering the growth of the market. OLED technology to witness a higher CAGR during the forecast period OLEDs, due to their efficiency, superior color reproduction, and thin form factor, are expected to penetrate the television segment at a high rate during the forecast period. OLED panels for television sets are considerably more expensive to produce than modern LCD panels because of the lower yields of OLEDs. With improved yields, the prices of OLED television panels will decline rapidly. Using OLED panels in smartphones enables the production of highly bright light, low power consumption, and thin and lightweight form factor. Samsung Display is the leading producer of small and medium-sized active-matrix organic light-emitting diode (AMOLED) displays for smartphones and other devices. Samsung has utilized its AMOLED displays in its flagship smartphones, such as the Galaxy lineup. With Apple's adoption of AMOLED displays in its smartphones, the market witnessed exponential growth from 2018 to 2019, and the trend is expected to continue during the forecast period. Smart wearables to witness a higher CAGR during the forecast period The smart wearables display market segment is expected to witness high growth on the back of growing demand for HMDs. AR and VR HMDs are comparatively new products in the market and have a wide application scope across a number of industries. Smart wearable display devices and electronic screens have revolutionized the electronics industry by offering users interactive capabilities. Displays in such devices ideally require wide viewing angles, high resolution, high performance, optimum contrast, and high brightness. Researchers have come up with display technologies such as LCD, LCoS, OLED, and Micro-LED. APAC to account the largest share during 2021-2026 APAC is a leader in both production and consumption of display panels. The region has witnessed significant advancements in the display device market, along with rapid changes in terms of the adoption of new technologies. APAC will continue to witness a major demand for smartphone displays during the forecast period. Renowned smartphone vendors, including Samsung, Sony, Panasonic, Huawei, Xiaomi, Oppo, and Vivo, are based in the region. Apart from smartphone manufacturers, an increasing number of HMD manufacturers in APAC is also likely to raise the demand for display panels for smart wearable devices in the region during the forecast period. The display market in APAC is also expected to witness significant growth in the television, automotive display, and large format display segments during the forecast period. Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights4.1 Attractive Growth Opportunities in Display Market4.2 Display Market, by Technology4.3 Display Market, by Product Type4.4 Display Market, by Panel Size4.5 Display Market, by Vertical4.6 Display Market, by Region 5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Surging Adoption of Oled Displays in Various Applications5.2.1.2 Increasing Use of Led Displays for Video Wall, Tvs, and Digital Signage Applications5.2.1.3 Growing Demand for Interactive Displays in Various Applications5.2.1.4 Rising Demand for Display-Based Medical Equipment, Including Ventilators and Respirators, due to COVID-19 Pandemic5.2.2 Restraints5.2.2.1 Decline in Demand for Displays from Retail Sector due to Drastic Shift Towards Online Advertisement and Shopping5.2.2.2 Deployment of Widescreen Alternatives, Such as Projectors and Screenless Displays, and Emergence of New Display Concepts5.2.3 Opportunities5.2.3.1 Growing Adoption of Foldable and Flexible Displays5.2.3.2 Rapid Adoption of Amoled Displays, Especially due to Introduction of 5G5.2.3.3 Emerging Use Cases of Displays to Provide Lucrative Growth Opportunities for Manufacturers5.2.3.4 Micro-Led and Mini-Led Technologies to Carve Out New Growth Avenues for Display Market5.2.3.5 Increased Capex Spending on Displays5.2.4 Challenges5.2.4.1 Hindrance in Supply Chain and Manufacturing Processes due to COVID-195.2.4.2 High Costs Associated with New Display Technology-Based Products5.3 Value Chain Analysis5.3.1 R&D5.3.2 Manufacturing5.3.3 Assembly and Integration5.3.4 Input Suppliers5.4 Display Ecosystem5.5 Pricing Analysis5.6 Patent Analysis5.7 Tariffs and Regulations Regarding Display Panel5.7.1 Key Regulations for Display Panel Market5.7.2 Tariffs: Display Panels5.8 Trade Analysis5.8.1 Export Scenario of Boards, Panels, Consoles, Desks, Cabinets, and Other Bases5.8.2 Import Scenario of Boards, Panels, Consoles, Desks, Cabinets, and Other Bases5.9 Case Studies5.9.1 Introduction5.9.2 Display in Restaurant5.9.3 Display for Corporate5.9.4 Display in Airport5.9.5 Display in Healthcare5.9.6 Display in Retail5.9.7 Display in Shopping Center5.9.8 Display in Hospitality 6 Display Market, by Resolution6.1 Introduction6.2 8K6.3 4K6.4 Fhd6.5 Hd6.6 Lower Than Hd 7 Display Market, by Display Technology7.1 Introduction7.2 Lcd7.2.1 Led-Lcd7.2.1.1 Led-Lcds Offer Advanced Features, Such as High Image Quality and Power Efficiency, Than Their Conventional Counterparts7.2.2 Qd-Lcd (Qdef-Lcd)7.2.2.1 Qd-Lcds are Mainly Used in Consumer Devices7.3 Oled7.3.1 Flexible7.3.1.1 Smartphones and Smart Wearables are Expected to Generate Substantial Demand for Flexible Oled Displays During Forecast Period7.3.2 Foldable7.3.2.1 Foldable Oled Displays are Set to Enable New Device Form Factors During Forecast Period7.3.3 Rigid7.3.3.1 Rigid Oled Panels are Usually Fabricated on Metal or Glass Substrates7.4 Micro-Led7.4.1 Micro-Led Display Panel Shipments to Surge Rapidly 2020 Onwards7.5 Direct-View Led7.5.1 Direct-View Fine-Pixel Led7.5.1.1 Falling Prices to Propel Adoption of Direct-View Fine-Pixel Led Displays During Forecast Period7.5.2 Direct-View Large-Pixel Led7.5.2.1 Large-Pixel Led Displays Find Major Applications in Outdoor Environment7.6 Others 8 Display Market, by Panel Size8.1 Introduction8.2 Microdisplays8.2.1 Microdisplays are Mainly Used in Cameras and Projectors8.3 Small and Medium-Sized Panels8.3.1 Small and Medium-Sized Display Panels are Predominantly Used in Small Devices8.4 Large Panels8.4.1 Large Display Panels are Mostly Used for Outdoor Applications 9 Display Market, by Product Type9.1 Introduction9.2 Smartphones9.2.1 Oled Displays to Dominate Smartphones Segment During Forecast Period9.3 Television Sets9.3.1 Oled Technology to Capture Major Share of Television Sets Segment During Forecast Period9.4 Pc Monitors & Laptops9.4.1 Lcd Technology to Hold Major Share of Pc Monitors & Laptops Segment During Forecast Period9.5 Digital Signage/Large Format Displays9.5.1 Large Format Displays are Mainly Used in Public Places, Transportation, Retail, and Outdoor Advertising9.6 Automotive Displays9.6.1 Oled Technology is Expected to Gain Traction in Automotive Displays During Forecast Period9.7 Tablets9.7.1 Oled Technology is Increasingly Being Used for Tablets9.8 Smart Wearables9.8.1 Smartwatch9.8.1.1 Oled Displays to Continue Dominating Smartwatch Segment During Forecast Period9.8.2 Ar Hmd9.8.2.1 Micro-Led to Emerge as Disruptive Display Technology in Ar-Hmd Segment During Forecast Period9.8.3 Vr Hmd9.8.3.1 Lcd Technology to Hold Major Share of Display Market for Vr Hmds During Forecast Period9.9 Others 10 Display Market, by Vertical10.1 Introduction10.2 Consumer10.2.1 Consumer Segment to Capture Largest Size of Display Market During Forecast Period10.3 Automotive10.3.1 Oled and Mini-Led Displays are Anticipated to be Extensively Adopted in Automotive Vertical During Forecast Period10.4 Sports & Entertainment10.4.1 Rapid Penetration of Ar/Vr Hmds into Sports and Entertainment Industries to Fuel Market Growth Driver During Forecast Period10.5 Transportation10.5.1 Transportation Vertical to Generate High Demand for Large Format Displays During Forecast Period10.6 Retail, Hospitality, and Bfsi10.6.1 Retail, Hospitality, and Bfsi Verticals to Adopt Digital Signage Displays at Large During Forecast Period10.7 Industrial & Enterprise10.7.1 Increasing Adoption of Ar/Vr Hmds to Drive Display Market Growth for Industrial and Enterprise Verticals10.8 Education10.8.1 Transition to Online Learning to Favor Growth of Display Market10.9 Healthcare10.9.1 Digitalization of Healthcare System to Propel Demand for Displays During Forecast Period10.10 Defnse & Aerospace10.10.1 Defense & Aerospace Segment to Exhibit Highest Growth in Display Market During Forecast Period10.11 Others 11 Geographic Analysis11.1 Introduction11.2 North America11.3 Europe11.4 APAC11.5 Rest of the World (Row) 12 Competitive Landscape12.1 Overview12.2 Market Share Analysis12.3 Revenue Analysis (Display Business)12.4 Market Evaluation Framework12.5 Company Evaluation Quadrant12.5.1 Star12.5.2 Emerging Leader12.5.3 Pervasive12.5.4 Participant12.6 Startup/SME Evaluation Matrix: Display Market12.6.1 Progressive Companies12.6.2 Responsive Companies12.6.3 Dynamic Companies12.6.4 Starting Blocks12.7 Competitive Scenario12.7.1 Product Launches/Developments12.7.2 Partnerships, Agreements, Contracts, Joint Ventures, and Collaborations12.7.3 Mergers & Acquisitions12.7.4 Expansions 13 Company Profiles13.1 Introduction13.2 Key Players13.2.1 Samsung Electronics13.2.2 LG Display13.2.3 Au Optronics (Auo)13.2.4 Boe Technology13.2.5 Sharp (Foxconn)13.2.6 Japan Display13.2.7 Innolux13.2.8 Sony13.2.9 Leyard Optoelectronics13.2.10 Qisda Corporation13.3 Right-To-Win13.4 Other Key Players13.4.1 NEC Corporation13.4.2 Tianma Microelectronics13.4.3 Universal Display13.4.4 Truly International13.4.5 Panasonic13.4.6 China Star Optoelectronics Technology (CSOT) (CDOT) (TCL)13.4.7 Chunghwa Picture Tubes13.4.8 Hannstar Display Corporation13.4.9 Emagin Corporation13.4.10 Kopin Corporation 14 Appendix14.1 Discussion Guide For more information about this report visit https://www.researchandmarkets.com/r/3o5s1 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900