General Display Technologies Market to Witness a Boost Due to Higher Consumption in the Asia Pacific Region
The general display technologies market worldwide is expected to grow at a CAGR of 7.2% during the forecast period from 2019 to 2027. A display is an output device for visualizing information. A display does not create a permanent record and is mostly used in consumer electronics. The consumer electronics market is growing at a CAGR of over 7.7% during the forecast period. A display offers the decoded information transmitted to the user. Changes in lifestyle and demand for consumer durables have led to an increase in investments in display technologies. Due to these factors, we are expecting a steady increase in the general display technology market during the forecast period.
OLED Segment shall lead the General Display Technologies Market Expansion
Over the past few years, organic light-emitting diode (OLED) technology has been used extensively in various products. On account of the eco-friendly feature of less power consumption offered by OLED technology, the demand for the same has increased in high-end automobiles, microwave ovens, and washing machines. The increase in demand for these durables is driving the OLED technology market's growth. Notably, OLED has been widely accepted and is assumed to replace other technologies such as micro-LED technology, AMOLED technology, LED technology, etc. All these factors shall contribute to the growth of the general display technology market throughout the forecasted period.
Asia Pacific to Dominate the Market During the Forecast Period
North America has led the general display technology market. In 2018, the North American regional market accounted for a major portion of the total revenue generated worldwide. Further, Asia-Pacific is expected to dominate the market during the forecast period and register the fastest growth. Asia Pacific contributed more than 48 percent of global smartphone sales in 2018. Notably, the region has been a center of industrial development. On account of the presence of major players in this region, the general display technology market has grown tremendously. China, Japan, and South Korea contribute a high proportion of the total revenue generated by Asia Pacific in the general display technologies market.
Some of the prominent players operating in the general display technologies market include Liantronics, Leyard, Daktronics, Unilumin, Absen, Barco, Lighthouse, Yaham, Sansitech, Ledman, Samsung, Japan Display, LG Display, Apple Inc., Everdisplay Optronics, Truly International Holdings Ltd., Innolux, Panasonic, Tianma Microelectronics Co., Ltd., and others.
Historical and Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.
The general display technologies market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global general display technologies market based on channel type, position, vehicle class, and geography. Key segments covered in the report are as follows:
Key questions are answered in this report
What was the market size of the general display technologies market in 2018, and what is the forecast up to 2027?
Which is the largest regional market for general display technologies?
What are the major trends followed in the overall general display technology market across different regions?
Who are the key general display technology companies leading the market?
What are the key strategies adopted by the leading general display technology companies in the market?
Unique data points of this report
Statistics on consumer electronics worldwide
Statistics on general display technology penetration and spending worldwide
Recent trends across different regions in terms of the adoption of general display technologies across various applications
Notable developments are going on in the general display technology industry.
Attractive investment propositions for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently Asked Questions:
The market for General Display Technologies Market is expected to reach US$ XX Bn by 2027.
The General Display Technologies Market is expected to see significant CAGR growth over the coming years, at 7.2%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Leyard, Daktronics, Unilumin, Absen, Barco, Lighthouse, Yaham, Sansitech, Ledman, Samsung, Japan Display, LG Display, Apple Inc., Everdisplay Optronics, Truly International Holdings Ltd are some of the major players in the global market.
