Electronic Display Market is Projected to Grow Steadily Over the Forecast Period of USD 733.7 billion by 2022

Mar 25, 2021: The global electronic display market size was valued at USD 313.5 billion in 2014 and is anticipated to reach USD 733.7 billion by 2022. Global electronic display market is expected to experience a lucrative growth on account of increasing applications of display technologies in numerous electronic systems. Technological innovations, extension of consumer electronics industry and rising applications in numerous end-use segments are anticipated to fuel the market growth.

The product market has been observed to experience a significant growth in the past few years in light of numerous technological innovations. The development of advanced consumer electronics includes tablets, smartphones, smart televisions and smart wearable’s is anticipated to fuel the market over the forecast period. In addition, rising buying power across the globe is open new opportunities for the growth of the industry. Manufacturers are bound to follow regulations including the restriction of hazardous substances (RoHS) and waste electronics and electrical equipment (WEEE) standards.

Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/electronic-display-market/request-sample

Smartphone producer’s and consumer electronics are observed to be alliancing with display technology manufacturers in light of outsourcing the manufacturing of electronic display. Apple Inc. procures the panel-making unit of Samsung Electronics Co Ltd and OLED screens of advanced version for its iPhones from LG Display Co Ltd on account of improved picture quality and thinner than LCD screens.

The rising trend of AMOLED and OLED in consumer electronic devices on account of technological innovations on high resolution display technology is expected to positively influence the product market. Conversely, the implementation of innovative technologies includes initial costs to be high causing an increase in the cost of the device which is expected to act as a restraint for the growth of product demand.

Click For Report Details @ https://www.millioninsights.com/industry-reports/electronic-display-market

In the past few years the LCD displays are observed to have dominated the market. The segment captured more than 35% of the total industry revenue share on account of the increasing usage in consumer electronics devices including personal computers and TVs. Advanced OLED and LED display technologies are expected to gain popularity on account of high operational suitability and reliability towards numerous applications.

In digital signage applications these electronic technologies are broadly used which in turn is expected to broaden the scope of the product’s success. The trend is observed to be shifting by the manufacturers from rigid OLED displays to flexible AMOLED displays to on account of differentiating their product from rigid LCD. Display forms an important element in a wide variety of consumer electronic devices and act as an interface between the user and the device. Consumer electronics application segment captured over 50% of the overall market share in 2014 and is anticipated to have a lucrative growth over the next eight years.

Major developments include advanced digital signage 2.0 which displays data are being broadly used in the retailing industry. Advanced electronic displays are widely being used in end-use segments including corporate, entertainment, retail, healthcare and government. Approximately 30% of the overall revenue in 2014 was accounted by the entertainment end-use segment. Additionally, increasing use of digital signage in the retailing industry coupled with the surging adoption of modern the e-commerce retailing has made it the fastest growing application segment in the industry.

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Global Headquarters

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: 1-408-610-2300

Email: sales@millioninsights.com

Asia Pacific

Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 91-20-65300184

(Visited 1 times, 1 visits today)

Comments

comments

You may also like...