The global display market size was US$ 155.4 billion in 2021. The global display market is forecast to grow to US$ 281.7 billion by 2030 by growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period from 2022 to 2030.

Factors Influencing the Market

The wide applications of display technology in smartphones & tablets, smart wearables, television, digital signage, laptops, and vehicles will drive the global display market forward. In addition, the rising demand for flexible display technology due to its advantages, such as flexible nature, lightweight, low power consumption, etc., will escalate the growth of the market during the forecast period.

The rising demand for wearable technology will fuel the growth of the global display market. Moreover, the rapidly growing automotive industry is forecast to benefit the global display market during the study period.

Growing advancements in display technology are forecast to accelerate the growth of the market. Furthermore, growing strategies by industry players will drive the global display market forward. For instance, Japan Display Inc. unveiled a 3.25-inch 1001ppi low-temperature polysilicon (LTPS) TFT LCD in 2018.

The growing popularity of touch-based devices will offer lucrative growth opportunities for the global display market. Furthermore, increasing employment rate and soaring demand for desktop PCs, notebooks, and tablets will contribute to the growth of the global display market during the forecast period.

COVID-19 Impact Analysis

The wake of the pandemic has affected various end-use industries of the display market. Automotive and consumer electronics segments witnessed losses due to the COVID-19 outbreak. However, the demand for wearable technology surged abruptly due to rising health concerns. Furthermore, the stagnant demand for laptops and mobile phones due to remote working culture and online education systems accelerated the growth of the display market.

Regional Analysis

The Asia-Pacific display market is forecast to grow at the highest growth rate. It is owing to the growing adoption of new technologies, like automotive display, OLED display, micro-LED display, etc. In addition, the presence of a large population in China and India will benefit the display industry. The region is also home to the largest automotive and consumer electronics industry, which will contribute to the growth of the display market during the forecast period. Further, the presence of prominent industry players, such as Samsung Electronics Co. Ltd. and LG Display Co. Ltd., will benefit the market throughout the study period.

Competitors in the Market

Samsung Electronics Co. Ltd.
LG Display Co. Ltd.
E Ink Holdings Inc.
Hannstar Display Corporation
AU Optronics
Japan Display Inc.
NEC Display Solutions
Corning Incorporated
Sony Corporation
Kent Displays Inc.
Other Prominent Players
Market Segmentation

The global display market segmentation focuses on Display, Application, Technology, Industry Vertical, and Region.

By Display Type Outlook

Flat Panel Display
Flexible Panel Display
Transparent Panel Display
By Application Outlook

Smartphone & Tablet
Smart Wearable
Television and Digital Signage
PC & Laptop
Vehicle Display
Others
By Technology Outlook

OLED
Quantum Dot
LED
Electronic Paper
LCD
Others
By Industry Vertical Outlook

Healthcare
Consumer Electronics
Retail
BFSI
Military & Defense
Transportation
Others
By Regional Outlook

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America