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Display Market with COVID-19 Impact Analysis by Product, Resolution, Display Technology, Panel Size, Vertical, and Geography - Global Forecast to 2026

Research and Markets
·10 min read

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 Insights
4.1 Attractive Growth Opportunities in Display Market
4.2 Display Market, by Technology
4.3 Display Market, by Product Type
4.4 Display Market, by Panel Size
4.5 Display Market, by Vertical
4.6 Display Market, by Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Surging Adoption of Oled Displays in Various Applications
5.2.1.2 Increasing Use of Led Displays for Video Wall, Tvs, and Digital Signage Applications
5.2.1.3 Growing Demand for Interactive Displays in Various Applications
5.2.1.4 Rising Demand for Display-Based Medical Equipment, Including Ventilators and Respirators, due to COVID-19 Pandemic
5.2.2 Restraints
5.2.2.1 Decline in Demand for Displays from Retail Sector due to Drastic Shift Towards Online Advertisement and Shopping
5.2.2.2 Deployment of Widescreen Alternatives, Such as Projectors and Screenless Displays, and Emergence of New Display Concepts
5.2.3 Opportunities
5.2.3.1 Growing Adoption of Foldable and Flexible Displays
5.2.3.2 Rapid Adoption of Amoled Displays, Especially due to Introduction of 5G
5.2.3.3 Emerging Use Cases of Displays to Provide Lucrative Growth Opportunities for Manufacturers
5.2.3.4 Micro-Led and Mini-Led Technologies to Carve Out New Growth Avenues for Display Market
5.2.3.5 Increased Capex Spending on Displays
5.2.4 Challenges
5.2.4.1 Hindrance in Supply Chain and Manufacturing Processes due to COVID-19
5.2.4.2 High Costs Associated with New Display Technology-Based Products
5.3 Value Chain Analysis
5.3.1 R&D
5.3.2 Manufacturing
5.3.3 Assembly and Integration
5.3.4 Input Suppliers
5.4 Display Ecosystem
5.5 Pricing Analysis
5.6 Patent Analysis
5.7 Tariffs and Regulations Regarding Display Panel
5.7.1 Key Regulations for Display Panel Market
5.7.2 Tariffs: Display Panels
5.8 Trade Analysis
5.8.1 Export Scenario of Boards, Panels, Consoles, Desks, Cabinets, and Other Bases
5.8.2 Import Scenario of Boards, Panels, Consoles, Desks, Cabinets, and Other Bases
5.9 Case Studies
5.9.1 Introduction
5.9.2 Display in Restaurant
5.9.3 Display for Corporate
5.9.4 Display in Airport
5.9.5 Display in Healthcare
5.9.6 Display in Retail
5.9.7 Display in Shopping Center
5.9.8 Display in Hospitality

6 Display Market, by Resolution
6.1 Introduction
6.2 8K
6.3 4K
6.4 Fhd
6.5 Hd
6.6 Lower Than Hd

7 Display Market, by Display Technology
7.1 Introduction
7.2 Lcd
7.2.1 Led-Lcd
7.2.1.1 Led-Lcds Offer Advanced Features, Such as High Image Quality and Power Efficiency, Than Their Conventional Counterparts
7.2.2 Qd-Lcd (Qdef-Lcd)
7.2.2.1 Qd-Lcds are Mainly Used in Consumer Devices
7.3 Oled
7.3.1 Flexible
7.3.1.1 Smartphones and Smart Wearables are Expected to Generate Substantial Demand for Flexible Oled Displays During Forecast Period
7.3.2 Foldable
7.3.2.1 Foldable Oled Displays are Set to Enable New Device Form Factors During Forecast Period
7.3.3 Rigid
7.3.3.1 Rigid Oled Panels are Usually Fabricated on Metal or Glass Substrates
7.4 Micro-Led
7.4.1 Micro-Led Display Panel Shipments to Surge Rapidly 2020 Onwards
7.5 Direct-View Led
7.5.1 Direct-View Fine-Pixel Led
7.5.1.1 Falling Prices to Propel Adoption of Direct-View Fine-Pixel Led Displays During Forecast Period
7.5.2 Direct-View Large-Pixel Led
7.5.2.1 Large-Pixel Led Displays Find Major Applications in Outdoor Environment
7.6 Others

8 Display Market, by Panel Size
8.1 Introduction
8.2 Microdisplays
8.2.1 Microdisplays are Mainly Used in Cameras and Projectors
8.3 Small and Medium-Sized Panels
8.3.1 Small and Medium-Sized Display Panels are Predominantly Used in Small Devices
8.4 Large Panels
8.4.1 Large Display Panels are Mostly Used for Outdoor Applications

9 Display Market, by Product Type
9.1 Introduction
9.2 Smartphones
9.2.1 Oled Displays to Dominate Smartphones Segment During Forecast Period
9.3 Television Sets
9.3.1 Oled Technology to Capture Major Share of Television Sets Segment During Forecast Period
9.4 Pc Monitors & Laptops
9.4.1 Lcd Technology to Hold Major Share of Pc Monitors & Laptops Segment During Forecast Period
9.5 Digital Signage/Large Format Displays
9.5.1 Large Format Displays are Mainly Used in Public Places, Transportation, Retail, and Outdoor Advertising
9.6 Automotive Displays
9.6.1 Oled Technology is Expected to Gain Traction in Automotive Displays During Forecast Period
9.7 Tablets
9.7.1 Oled Technology is Increasingly Being Used for Tablets
9.8 Smart Wearables
9.8.1 Smartwatch
9.8.1.1 Oled Displays to Continue Dominating Smartwatch Segment During Forecast Period
9.8.2 Ar Hmd
9.8.2.1 Micro-Led to Emerge as Disruptive Display Technology in Ar-Hmd Segment During Forecast Period
9.8.3 Vr Hmd
9.8.3.1 Lcd Technology to Hold Major Share of Display Market for Vr Hmds During Forecast Period
9.9 Others

10 Display Market, by Vertical
10.1 Introduction
10.2 Consumer
10.2.1 Consumer Segment to Capture Largest Size of Display Market During Forecast Period
10.3 Automotive
10.3.1 Oled and Mini-Led Displays are Anticipated to be Extensively Adopted in Automotive Vertical During Forecast Period
10.4 Sports & Entertainment
10.4.1 Rapid Penetration of Ar/Vr Hmds into Sports and Entertainment Industries to Fuel Market Growth Driver During Forecast Period
10.5 Transportation
10.5.1 Transportation Vertical to Generate High Demand for Large Format Displays During Forecast Period
10.6 Retail, Hospitality, and Bfsi
10.6.1 Retail, Hospitality, and Bfsi Verticals to Adopt Digital Signage Displays at Large During Forecast Period
10.7 Industrial & Enterprise
10.7.1 Increasing Adoption of Ar/Vr Hmds to Drive Display Market Growth for Industrial and Enterprise Verticals
10.8 Education
10.8.1 Transition to Online Learning to Favor Growth of Display Market
10.9 Healthcare
10.9.1 Digitalization of Healthcare System to Propel Demand for Displays During Forecast Period
10.10 Defnse & Aerospace
10.10.1 Defense & Aerospace Segment to Exhibit Highest Growth in Display Market During Forecast Period
10.11 Others

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 APAC
11.5 Rest of the World (Row)

12 Competitive Landscape
12.1 Overview
12.2 Market Share Analysis
12.3 Revenue Analysis (Display Business)
12.4 Market Evaluation Framework
12.5 Company Evaluation Quadrant
12.5.1 Star
12.5.2 Emerging Leader
12.5.3 Pervasive
12.5.4 Participant
12.6 Startup/SME Evaluation Matrix: Display Market
12.6.1 Progressive Companies
12.6.2 Responsive Companies
12.6.3 Dynamic Companies
12.6.4 Starting Blocks
12.7 Competitive Scenario
12.7.1 Product Launches/Developments
12.7.2 Partnerships, Agreements, Contracts, Joint Ventures, and Collaborations
12.7.3 Mergers & Acquisitions
12.7.4 Expansions

13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Samsung Electronics
13.2.2 LG Display
13.2.3 Au Optronics (Auo)
13.2.4 Boe Technology
13.2.5 Sharp (Foxconn)
13.2.6 Japan Display
13.2.7 Innolux
13.2.8 Sony
13.2.9 Leyard Optoelectronics
13.2.10 Qisda Corporation
13.3 Right-To-Win
13.4 Other Key Players
13.4.1 NEC Corporation
13.4.2 Tianma Microelectronics
13.4.3 Universal Display
13.4.4 Truly International
13.4.5 Panasonic
13.4.6 China Star Optoelectronics Technology (CSOT) (CDOT) (TCL)
13.4.7 Chunghwa Picture Tubes
13.4.8 Hannstar Display Corporation
13.4.9 Emagin Corporation
13.4.10 Kopin Corporation

14 Appendix
14.1 Discussion Guide

For more information about this report visit https://www.researchandmarkets.com/r/3o5s1

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