Display Market worth USD 224.7 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Display Market by Display Type Outlook(Flat Panel Display, Flexible Panel Display, and Transparent Panel Display), by Application (Smartphone & Tablet, Smart Wearable, Television, and Digital Signage, PC & Laptop, Vehicle Display, and Others), by Technology (OLED, Quantum Dot, LED, Electronic Paper, LCD, and Others), by Industry Vertical (Healthcare, Consumer Electronics, Retail, BFSI, Military & Defense, Transportation, and Others), by Region – Global Share and Forecast to 2027". The global display market size was USD 146.4 billion in 2020 and is expected to grow USD 224.7 billion by 2027, at a CAGR of 7.4% during the forecast period. In today's world, display gadgets have also found their way into the vehicle business. For example, LG Display, has declared that it would begin manufacturing a head-up display system for the vehicle sector in response to this possibility. LG's vehicle display gadget is a flexible, transparent display that can be wheeled about. The heads-up display may be used in various ways and has a variety of functions to improve your driving experience.

Global Display Market Segmentation

The display market has been segmented into the display type, application, technology, industry vertical, and region.

• By Display Type Outlook(Flat Panel Display, Flexible Panel Display, and Transparent Panel Display)
• By Application (Smart Wearable, Television and Digital Signage, Smartphone & Tablet, PC & Laptop, Vehicle Display, and Others)
• By Technology (OLED, Quantum Dot, LED, Electronic Paper, LCD, and Others)
• By Industry Vertical (Healthcare, Consumer Electronics, Retail, BFSI, Military & Defense, Transportation, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

LED is estimated to hold the largest market share during the forecast period by technology segment

Based on method, the global display market is segregated into OLED, quantum dot, LED, electronic paper, LCD, and others. The LCD segment generated the highest revenue of 58.2% of the global display market in 2020, and it is anticipated to register a significant CAGR from 2021 to 2027. A liquid-crystal display (LCD) is an electronic visual display that uses the light-modulating properties of liquid crystals to display information such as texts, graphics, images, and videos. LCDs are used across numerous industries and incorporated in various applications such as aircraft cockpit displays, digital cameras, monitors, television, video games, and others.

LCDs have advanced night vision and can withstand high temperatures. Several electronic applications, such as calculators, music systems, and digital clocks, use it for data visualization. This technology is mainly used in industrial systems and works more efficiently with a heat sink than other technologies.

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North America accounts for the largest market share in display market 2020

Based on the regions, the global display market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, North America accounted for the highest market share of 39.5% in the global display market and was anticipated to maintain its dominance throughout the forecast period. Canada, Mexico, United States are included in the North America area. The expansion of the display market in this area is being driven by the increased usage of display devices in the automotive and consumer electronics sectors. The United States is the region's leading revenue generator in the display sector.

In recent years, consumer electronics sales in Mexico have increased rapidly, especially for laptops, smartphones, wearable devices, and others. Also, several Asian brands in consumer electronics are penetrating the Mexican market to provide premium quality consumer electronics display devices to attract customers. These factors are boosting the growth of the display market in Mexico.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the display market. It also consists of leading companies such as LG Display Co. Ltd., E Ink Holdings Inc., Hannstar Display Corporation, Samsung Electronics Co. Ltd., AU Optronics, Japan Display Inc., Corning Incorporated, Sony Corporation, Kent Displays Inc, and NEC Display Solutions.

Browse complete report: https://www.marketstatsville.com/display-market

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