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ELECTRONICS & SMART DEVICES

Display Component Market Segmentation by Technology (LCD Display, LED Display, OLED, Plasma Display, and Others); by Panel Size (Microdisplays, Small & Medium Sizes Panels, and Large Panels); and by End-Products (Monitors, Laptops, Televisions, Smartphones, Tablets, Automotive Displays, and Others) – Global Demand Analysis & Opportunity Outlook 2020-2029

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Extensive insights into the Growth of Display Component Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • June 30, 2021: LG Electronics announced that its most premium LCD TV lineup, which consists of 8K QNED99 and QNED95 series models, along with 4K QNED90 series models, would be rolling out in markets worldwide in the month of July.

Global Display Component Market Highlights Over 2020 - 2029

The global display component market is estimated to garner a revenue of USD 386173.3 Million by the end of 2029, up from a revenue of USD 283894.8 Million in 2020, by growing at a CAGR of 3.5% over the forecast period, i.e., 2021 – 2029. The growth of the market can primarily be attributed to the growing demand for smartphones worldwide. The sales of smartphones have grown significantly over the past few years, and crossed 1500 Million units in the year 2020. Moreover, smartphone ownership has also witnessed a surge in growth over the past few years, backed by the rapid advancements in cellular network technology and the need for advanced hand-held devices. According to the statistics by Pew Research Center, smartphone ownership in the United States grew from 35% on May 21, 2011 to 85% on February 7, 2021. Smartphones nowadays are equipped with different types of displays, such as AMOLED displays, LCD displays, and others, that comes with a variable refresh rate ranging up to 144Hz. The surge in sales of smartphones is therefore projected to drive the demand for display components, and in turn accelerate the market growth.

Display Component Market Graph

The market is also anticipated to grow on account of the increasing utilization of LED displays for digital signage so as to enhance customer experience. The recent trends of miniaturization of these displays in terms of its thickness, followed by the growing demand for flat-panel display, along with the surge in the sales of television units worldwide, are also expected to contribute to the market growth. Besides this, the increasing use of displays in several medical equipment is also expected to enhance the market growth during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT 

Global Display Component Market Regional Synopsis

Regionally, the global display component market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst the market in these regions, the market in Latin America is anticipated to garner the highest market share throughout the forecast period and further attain a market revenue of USD 173985.2 Million by the end of 2029, by growing with a CAGR of 3.2% during the forecast period. Further, in the year 2020, the market in the region generated a revenue of USD 131152.2 Million. Increasing population, rising urbanization, and the increasing adoption of televisions, smartphones, laptops, and others, are some of the major factors anticipated to drive the market growth in the region. According to the statistics by the World Bank, the total population in Latin America & Caribbean grew from 589932530 in the year 2010 to 652276325 in the year 2020. Moreover, the share of urban population in the region, according to the statistics by the World Bank, increased from 78.546% in the year 2010 to 81.118% in the year 2020.

Total Population Image

The Latin America display component market is segmented by country in to Brazil, Mexico, Argentina, and the Rest of Latin America. Out of the market in these regions, the market in Brazil is anticipated to garner the highest market share and also reach a market revenue of USD 13622.2 Million by the end of 2029.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Growth Drivers and Challenges Impacting the Growth of the Global Display Component Market

Growth Drivers

  • Surge in the Smartphone Sales
  • Growing Adoption of Television, Laptops, and other Electronic Devices
  • Increasing Use of Display Components in Medical Equipment

Challenges

  • Availability of Substitutes

Global Display Component Market Segmentation Synopsis

The global display component market is segmented by technology into LCD display, LED display, OLED, plasma display, and others. Out of these, the LED display segment is anticipated to garner the largest market revenue of USD 184609.8 Million by the end of 2029. Alternatively, the OLED segment is anticipated to grow with the highest CAGR of 4.8% during the forecast period. The market is also segmented by microdisplays, small & medium sized, and large panels, out of which, the small & medium sized panels segment is expected to garner the largest market revenue of USD 184940.5 Million by the end of 2021. The market is also segmented by end-products into monitors, laptops, televisions, smartphones, tablets, automotive displays, and others. Among these segments, the smartphones segment is anticipated to garner the largest market revenue of USD 168789.8 Million by the end of 2029, up from a revenue of USD 133035.9 Million in 2020.

Key Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global display component market that are included in our report are LG Electronics, Innolux Corporation, NEC Corporation, Panasonic Corporation, AU Optronics Corp., Sony Corporation, Samsung Group, Leyard Group, BOE Technology Group Co., Ltd., and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

FREQUENTLY ASKED QUESTIONS

Global Display Component Market TOC

  1. Market Definition
    1. Market Definition
    2. Market Segmentation
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Analyst Review
  5. Executive Summary – Display Component Market
  6. Market Dynamics
    1. Market Drivers
    2. Market Restraint
    3. Market Opportunities
    4. Market Trends
  7. Regulatory and Standards Landscape
  8. Global Pricing Outlook
  9. Analysis on the Industry Supply Chain
    1. Major players across the value chain
    2. Key contracts/ partnerships
  10. Industry Risk Analysis
  11. Market Evaluation of COVID-19 – Impact on Display Component Market (2020-2029)
    1. Impact on the overall market
    2. Impact on the demand
    3. Impact on the end-product manufacturers
    4. Impact on the key market players
    5. Impact on the overall price trend
  12. Trade Outlook
  13. Display Product Market Analysis
  14. Analysis on the Market Share by End-product
  15. Comparative Analysis on the Technologies
  16. Competitive Landscape
    1. Market share analysis, 2020
    2. Competitive Benchmarking
    3. Distributor Outlook
    4. Company Profiles
      1. LG Electronics
      2. Innolux Corporation
      3. NEC Corporation India Pvt. Ltd.
      4. Panasonic Corporation
      5. AUO Optronics Corp.
      6. Sony
      7. SAMSUNG
      8. Leyard Optoelectronics
      9. BOE Technology
  17. Global Display Component Market
    1. Market Overview
    2. Market by Value (USD Million)
    3. Market by Volume (Million Units)
  18. Global Display Component Market
    1. Segmentation Analysis 2020-2029
      1. Technology
        1. LCD Display, 2020-2029 (USD Million & Million Units)
        2. LED Display, 2020-2029 (USD Million & Million Units)
        3. OLED, 2020-2029 (USD Million & Million Units)
        4. Plasma Display, 2020-2029 (USD Million & Million Units)
        5. Others, 2020-2029 (USD Million & Million Units)
      2. Panel Size
        1. Micro-displays, 2020-2029 (USD Million & Million Units)
        2. Small & Medium Sized Panels, 2020-2029 (USD Million & Million Units)
        3. Large Panels, 2020-2029 (USD Million & Million Units)
      3. End-products
        1. Monitors, 2020-2029 (USD Million & Million Units)
        2. Laptops, 2020-2029 (USD Million & Million Units)
        3. Televisions, 2020-2029 (USD Million & Million Units)
        4. Smartphones, 2020-2029 (USD Million & Million Units)
        5. Tablets, 2020-2029 (USD Million & Million Units)
        6. Automotive Displays, 2020-2029 (USD Million & Million Units)
        7. Others, 2020-2029 (USD Million & Million Units)
  19. Global Display Component Market, By Region, 2020-2029
    1. North America, 2020-2029 (USD Million & Million Units)
    2. Europe, 2020-2029 (USD Million & Million Units)
    3. Asia Pacific, 2020-2029 (USD Million & Million Units)
    4. Latin America, 2020-2029 (USD Million & Million Units)
    5. Middle East & Africa, 2020-2029 (USD Million & Million Units)
  20. North America, 2020-2029 (USD Million & Million Units)
    1. Segmentation Analysis 2020-2029
      1. Technology
        1. LCD Display, 2020-2029 (USD Million & Million Units)
        2. LED Display, 2020-2029 (USD Million & Million Units)
        3. OLED, 2020-2029 (USD Million & Million Units)
        4. Plasma Display, 2020-2029 (USD Million & Million Units)
        5. Others, 2020-2029 (USD Million & Million Units)
      2. Panel Size
        1. Micro-displays, 2020-2029 (USD Million & Million Units)
        2. Small & Medium Sized Panels, 2020-2029 (USD Million & Million Units)
        3. Large Panels, 2020-2029 (USD Million & Million Units)
      3. End-products
        1. Monitors, 2020-2029 (USD Million & Million Units)
        2. Laptops, 2020-2029 (USD Million & Million Units)
        3. Televisions, 2020-2029 (USD Million & Million Units)
        4. Smartphones, 2020-2029 (USD Million & Million Units)
        5. Tablets, 2020-2029 (USD Million & Million Units)
        6. Automotive Displays, 2020-2029 (USD Million & Million Units)
        7. Others, 2020-2029 (USD Million & Million Units)
      4. Country
        1. United States, 2020-2029 (USD Million & Million Units)
        2. Canada, 2020-2029 (USD Million & Million Units)
  21. Europe, 2020-2029 (USD Million & Million Units)
    1. Segmentation Analysis 2020-2029
      1. Technology
      2. Panel Size
      3. End-Products
      4. Country
        1. United Kingdom, 2020-2029 (USD Million & Million Units)
        2. Germany, 2020-2029 (USD Million & Million Units)
        3. France, 2020-2029 (USD Million & Million Units)
        4. Spain, 2020-2029 (USD Million & Million Units)
        5. Russia, 2020-2029 (USD Million & Million Units)
        6. Netherlands, 2020-2029 (USD Million & Million Units)
        7. Rest of Europe, 2020-2029 (USD Million & Million Units)
  22. Asia Pacific, 2020-2029 (USD Million & Million Units)
    1. Segmentation Analysis 2020-2029
      1. Technology
      2. Panel Size
      3. End-Products
      4. Country
        1. China, 2020-2029 (USD Million & Million Units)
        2. India, 2020-2029 (USD Million & Million Units)
        3. Japan, 2020-2029 (USD Million & Million Units)
        4. Australia, 2020-2029 (USD Million & Million Units)
        5. South Korea, 2020-2029 (USD Million & Million Units)
        6. Vietnam, 2020-2029 (USD Million & Million Units)
        7. Rest of Asia Pacific, 2020-2029 (USD Million & Million Units)
  23. Latin America, 2020-2029 (USD Million & Million Units)
    1. Segmentation Analysis 2020-2029
      1. Technology
      2. Panel Size
      3. End-Products
      4. Country
        1. Brazil, 2020-2029 (USD Million & Million Units)
        2. Argentina, 2020-2029 (USD Million & Million Units)
        3. Mexico, 2020-2029 (USD Million & Million Units)
        4. Rest of LATAM, 2020-2029 (USD Million & Million Units)
  24. Middle East & Africa, 2020-2029 (USD Million & Million Units)
    1. Segmentation Analysis 2020-2029
      1. Technology
      2. Panel Size
      3. End-Products
      4. Country
        1. GCC, 2020-2029 (USD Million & Million Units)
        2. South Africa, 2020-2029 (USD Million & Million Units)
        3. Egypt, 2020-2029 (USD Million & Million Units)
        4. Rest of Middle East & Africa, 2020-2029 (USD Million & Million Units)

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