The electronic display market size is expected to reach USD 733.7 billion by
2022, according to a new report by Grand View Research, Inc. Surge in demand
for electronic displays in number of applications including consumer
electronics, digital signage, and automation, is expected to drive the market
over the forecast period. Growing demand for screens equipped with
high-resolution displays is anticipated to drive growth for mobile devices such
as smartphones and tablets.
Growing adoption of 3G
and 4G communication technologies owing to their affordability, along with the
availability of Wi-Fi in private as well as commercial spaces has positively
impacted the popularity of video streaming, thereby opening new avenues for
market growth.
There have been
significant advances in electronic display technologies over the past few
years. Cathode ray tubes were prominently used in the electronic display market
for several years until they were replaced by more advanced plasma, LCD, and
LED display technologies.
LED and OLED displays
experienced high market penetration over the last few years, and are expected
to witness similar trends over the forecast period. Flourishing mobile commerce
and gaming markets have resulted in growing demand for smartphones and tablets
with high-resolution screens.
However, manufacturer
responsibilities have increased owing to the enforcement of the Restriction of
Hazardous Substances (RoHS) and Waste Electronics and Electrical Equipment
(WEEE) standards. The standard intends on decreasing the amount of hazardous
e-waste, which may negatively impact the environment.
Access Research Report of Electronic Display Market@: www.grandviewresearch.com/industry-analysis/electronic-displays-market
Further key findings from the study suggest:
· OLED technology segment is expected to grow
at a CAGR of over 15% over the forecast period. OLED displays offer benefits
such as high resolution and ultra-high clarity to enhance the value proposition
for consumers. These factors have led to increased adoption of AMOLED displays
in smartphones. In addition, several OLED makers including BOE display and CSoT
in China are heading towards increasing OLED TV production, which is expected
to fuel its growth over the future.
· Consumer electronics application contributed
to over 50% the overall global revenue shares in 2014. Increasing penetration
of consumer electronics is expected to witness healthy growth in Asia Pacific.
Proliferation of m-commerce and gaming are anticipated to contribute towards
smartphone and tablet growth, which in turn drive the electronic display demand
over the next few years. Increasing demand for LED and OLED TVs is also
expected to propel the industry growth.
· Retail industry in end-use segment is
expected to witness a CAGR of 12.3% over the forecast period. Retailers across
the U.S. and Europe are widely adopting digital signage solutions for effective
customer targeting. Combined with customer smartphone apps and in-store
discounting, digital signage provides significant advantage to the retailers in
terms of capturing customer attention and marketing strategy.
· Asia Pacific regional market is expected to
grow at a CAGR of close to 15% over the forecast period. Major manufacturers in
the industry are based in countries from the Asia Pacific region, such as
Taiwan and China, owing to cheap labor and higher production capacities. This
has led to an increased adoption if electronic displays in the region.
· Key industry participants include AU
Optronics Corp., Cambridge Display Technology Ltd., LG Display Co., Mitsubishi
Electric Corporation, Panasonic Corporation, Sony Corp., and Toshiba Corp.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/communication-services
Grand View Research has
segmented the global electronic display market on the basis of technology,
application, end-use and region:
Electronic Display Technology Outlook (Revenue, USD
Billion, 2012 - 2022)
·
LCD
·
LED
·
OLED
·
Others
Electronic Display Application Outlook (Revenue, USD
Billion, 2012 - 2022)
·
Consumer Electronics
·
Digital Signage
·
Automotive Display
·
Others
Electronic Display End-Use Outlook (Revenue, USD Billion,
2012 - 2022)
·
Retail
·
Entertainment
·
Corporate
·
Healthcare
·
Government
Car DVR Regional Outlook (Revenue, USD Billion, 2012 -
2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
MEA
Access Press Release of
Electronic Display Market@: www.grandviewresearch.com/press-release/global-electronic-display-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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