The IGZO Display Market was valued at US$ 2.3 Bn at the end of 2021 and is anticipated to grow to US$ 7.0 Bn by 2032, with a CAGR of 10.8% from 2022 to 2032.
Semiconductors like indium, germanium, oxygen, and zinc are used to create the crystalline, translucent thin-film transistors (TFT) known as IGZO. These showcases are thin film transistors that are extremely efficient flat panel displays and organic emitted lamp diode (OLED) panels. IGZO displays are gaining popularity in fields like consumer electronics due to their ability to overcome limitations of traditional silicon technology.
Thus, these showcases are frequently found in a wide range of gadgets, such as televisions, tablets, laptops, and smartphones.
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The IGZO (Indium Gallium Zinc Oxide) display market refers to the industry that produces displays using IGZO technology. IGZO is a semiconductor material that is used in the production of high-resolution, low-power displays for a variety of devices, including smartphones, tablets, laptops, and TVs.
IGZO displays offer several advantages over traditional displays, including higher resolution, lower power consumption, and greater transparency. This makes them an attractive option for manufacturers looking to produce high-quality, energy-efficient displays for their products.
The market is expected to grow in the coming years, driven by the increasing demand for high-quality displays in a variety of applications. The growing popularity of smartphones, tablets, and other mobile devices is also expected to drive the growth of the IGZO display market, as these devices require high-quality displays that consume less power.
Additionally, the growing demand for energy-efficient displays in various industries, such as healthcare, automotive, and aerospace, is also expected to drive the growth of the IGZO display market. These industries require displays that consume less power and offer high resolution, making IGZO displays an attractive option for manufacturers.
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Competitive Landscape
In order to expand into new geographic areas, strengthen their position in the market, and extend their product range, participants in the IGZO Display Market are always concentrating on upgrading current solutions, making business alliances, and releasing new products.
- in July 2020, third-generation premium gaming smartphone from ASUS Republic of Gamers is set to launch and boasts unmatched power with the latest Snapdragon display and a sizable battery.
- in November 2022, the world’s top EMS (electronic manufacturing service) provider, Hon Hai Group, and Sharp Corporation signed a collaboration agreement to form a strategic worldwide partnership and work together in a variety of business industries.
Regional Analysis
Numerous businesses in the consumer electronics market are progressively focusing on releasing unique products in order to take advantage of the growing demand for displays devices with a high quality, power efficiency, as well as touch sensitivity in nations like India, Australia, China, and others. Due to rising internet usage and an expanding gaming population, there is a noticeable increase in the prevalence of smartphones and laptops, particularly in nations like the U.S. and Canada.
IGZO Display Market by Category
Product Type:
- Smartphones
- Televisions
- Tablets
- Laptops
- Wearable Devices
- Monitors
- Wall Size Displays
- Others
Application:
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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