Display Panel Market Surges: Anticipates Impressive 4.4% CAGR, Eyeing US$ 228451.9 Million by 2033

Display Panel Market

The global demand for display panel market is expected to reach a value of US$ 148,053.0 million in 2023, with a projected compound annual growth rate (CAGR) of 4.4% that will lead to a value of US$ 228,451.9 million by 2033. This growth can be attributed to the continuous advancements in consumer electronics. In the period from 2018 to 2022, the display panel market experienced a CAGR of 3%.

The display technologies industry offers thin film liquid crystal display (TFT-LCD) glass and other advanced display products which are used in applications such as televisions, smartphones, tablets, notebooks, wearable, gaming consoles, automotive, electronics, and other emerging technologies. 

Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-5212

Display industry is heavily driven by the demand of these end products. With the advancement in technologies, there is an increase in awareness to the customers about the display panels or touch screens that enables them to interact with a computer. Display panel acts as a display screen which showcases control components and offer a platform to the consumers to exchange messages or interact. 

Display panels are presently having multiple applications including in television screens, automobiles, smartphones, ATMs, smart wearable and among others. Adoption and awareness of many other devices are directly interlinked to the display panel market such as smart devices, television, infotainment systems in automobiles etc. 

Global television shipment is experiencing a slow growth recently, the same time applications in various other devices such as smart phone and gaming console is increasing which is negating the impact on the growth. 

Global Display Panel Market: Drivers and Challenges 

Application of display panels across various sectors such as education and government offices, retail, and hospitality is expected to boost the revenue of global display panel in the coming years. 

Emergence of multi touch screens, reduction in replacement cycles and changing consumer usage pattern is expected to drive the growth of display panels in the forecast period. Increasing demand in automotive segment, technological advancements and government initiatives towards smart cities are further having a positive impact on the growth of global display panel market. 

Pricing pressure from online retailers and maturing of smartphone industry are among the prime challenges to be faced by the global display panel market in the forecast period. 

Global Display Panel Market: Competition Landscape 

Some of the key players for display panel market include Sony Corporation, Panasonic Corporation, Corning Incorporated, LG Electronics Inc., Asahi Glass, Nippon Electric Glass, Samsung Electronics Co. Ltd., Innolux Corporation, Sharp Corporation and HannStar Display Corporation. 

Seize this Opportunity: Buy Now for a Thorough Report
https://www.futuremarketinsights.com/checkout/5212

Key Segments Profiled in the Display Panel Industry Survey

Display Panel Market by Application:

  • Display Panel for Flat Panel Display
  • Display Panel for Car Navigation
  • Display Panel for Smartphones
  • Display Panel for Other Applications

Display Panel Market by Technology:

  • LCD Display Panel
  • LED Display Panel
  • Other Display Panel Technologies

Display Panel Market by Display Size:

  • Small Screen Display
  • Medium Screen Display
  • Large Screen Display

Display Panel Market by Region:

  • North America Display Panel Market
  • Latin America Display Panel Market
  • Europe Display Panel Market
  • Asia Pacific Display Panel Market
  • Middle East and Africa Display Panel Market

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these