India Brand Equity Foundation report states that the India consumer durables/light electricals market size were about $21.70 billion in 2017. Urban population is likely to cultivate around two-thirds of this revenue generated in India. Increasing adoption of smartphones, laptops, and Smart TVs are anticipated to fuel the growth of the consumer electronics market. These electronics are paired with LED, LCD, and OLED displays for full-motion 3D color graphics. Consumer preferences for better picture quality and high resolution is rising the demand for flat and flexible panels.

IndustryARC experts have researched on the Displays Market and valued the market size to be around $132 billion to $135 billion in 2018. The market is poised to grow at a healthy CAGR of 4.0% to 4.5% over the forecast period of 2019-2025. APAC held the largest market share in 2018, at around 35% tare40% of the global display demand. This is mainly due to the contemporary demand for displays from the flourishing automotive sector; in India, around 29.07 million vehicles were manufactured in 2018.

Consumer electronics is the leading application segment of the display market as a result of the escalating sales of various electronic products such as television, refrigerator, and microwave to maintain a fast-paced lifestyle. IndustryARC analysts stated that the demand of consumer electronics will be growing at a notable CAGR of around 4% – 5% during 2019 – 2025. This information is taken from the report titled “Display Market: By Technology (Electronic Paper, OLED, LCD, LED, DLP & LCOS); By Type (Conventional, 3D, Transparent & Flexible); By Application (Consumer Electronics, Aerospace, Healthcare, Automotive & Others) & By Geography-Forecast (2019-2025).”

Global Display Market Companies: Recent Developments

Samsung Electronics Co. Ltd., LG Display Co. Ltd, Sony Corporation, BOE Technology Group Co. Ltd, Innolux Corp., Apan Display Inc., NEC Display Solutions, Corning Incorporated, Sharp Corp., and Tianma Microelectronics Co. Ltd are some of the major players operating in the global display market.

  • Samsung Electronics is mainly focused on the development of smart digital signage display, which is used to enhance the visual compelling content. These displays found a wide range of applications in retail stores, restaurants, and corporate buildings.
  • In 2017, Samsung Electronics acquired Harman International Industries for an amount of $112 which is helpful for Samsung to counter a potential increase in its mainstay electronics business. Further, bolstering the demand for displays in the electronics market.
  • In 2019, Sony Corporation launched 4K and 3D surgical imaging displays in pharmaceutical industries. These displays are used for endoscopic images in operating-microscopic images.
  • Sony Corporation signed a partnership with Swansea University, which is research- LED University to enhance its teaching capabilities and boost the collaborative learning process. This acquisition led to the development of the Sony Bravia Professional Display- an active learning solution for the students.

Conclusion

Widespread adoption of displays in numerous domain such as consumer electronics, pharmaceuticals, and healthcare is stroking the demand for global displays market. APAC is the key region holding the major share in the displays market, due to increased sales of vehicles in the automotive sector. Increased application of displays in consumer electronics is anticipated to drive the market into huge profits through to 2025.

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