Electronic Display Market Synopsis

Electronic Display Market Size Was Valued at USD 165.00 Billion in 2023, and is Projected to Reach USD 226.85 Billion by 2032, Growing at a CAGR of 3.60% From 2024-2032.

Devices that electrically show visual information fall under the broad category of electronic displays, which includes technologies like liquid crystal displays (LCD), light-emitting diodes (LED), organic LEDs (OLED), and plasma displays. Digital signage, vehicle displays, medical and industrial equipment, and consumer electronics (including smartphones, tablets, and televisions) are just a few of the uses for these displays. Improvements in display technology, the growing need for high-definition screens, and the spread of smart gadgets propel the market, which is also impacted by variables including production prices, energy economy, and environmental laws.

• The development of display technologies and rising demand from a variety of industries are propelling the worldwide electronic display market's notable expansion. The market, estimated to be worth USD 150 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. The increasing use of OLED and LED displays, the spread of smartphones and other consumer gadgets, and the expanding need for high-definition screens in industries like retail, healthcare, and automotive are important drivers of this expansion.
• The market is being revolutionized by the development of cutting-edge display technologies like flexible displays, micro-LEDs, and quantum dots. These developments meet the changing needs of both consumers and businesses by providing better image quality, energy efficiency, and design flexibility. OLED displays in particular are becoming more and more popular because of their large viewing angles, excellent contrast ratio, and tiny form factor.
• The market for electronic displays is still largely driven by the consumer electronics industry. The increasing popularity of wearable technology, tablets, and smartphones is driving up demand for high-resolution screens. Furthermore, as 5G technology develops, the market is anticipated to grow even more as it improves mobile gaming and streaming.
• Advanced display system integration in cars is becoming more common in the automobile industry. Modern cars are increasingly coming equipped with standard technologies like heads-up displays, digital dashboards, and rear-seat entertainment systems, which improve the driving and passenger experience. It's anticipated that the trend toward connected and autonomous vehicles would open up new markets for display producers.
• Electronic displays are being used more often in the healthcare sector for telemedicine, patient monitoring, and diagnostic imaging applications. Clearer visuals from high-resolution monitors help in diagnosis and treatment accuracy. Digital signage and interactive displays are revolutionizing consumer interaction in retail by providing tailored shopping experiences and dynamic content.
• Due to the existence of significant producers and the quick uptake of new technologies, the Asia Pacific region currently controls the majority of the global market for electronic displays. Due to their high manufacturing capacities and significant consumer electronics demand, China, South Korea, and Japan are important contributors. Significant market shares are also held by North America and Europe, who are investing more in healthcare and automotive displays.
• Notwithstanding the promising prognosis, the industry is confronted with obstacles like elevated manufacturing expenses, disturbances in the supply chain, and ecological issues associated with electronic waste. It is anticipated that these problems will be lessened by continued research and development into sustainable materials and production techniques. Promising prospects for market expansion are presented by the growing emphasis on applications utilizing augmented reality (AR) and virtual reality (VR).
• In conclusion, the market for electronic displays is expected to grow rapidly due to a combination of rising demand from a variety of industries and technical advancements. The market is anticipated to see substantial changes as manufacturers carry on with their innovation and diversification of products, providing improved visual experiences to consumers and industries globally.

Electronic Display Market Trend Analysis

Widespread Adoption and Diverse Applications Fuel Electronic Display Market Growth

• The growing popularity of consumer electronics like televisions, tablets, and smartphones is one of the main factors propelling the electronic display market. Considerable progress has been made in display technology as a result of the need for high-quality screens in these gadgets. Modern consumers demand bright, colorful, and energy-efficient screens, which has forced producers to constantly improve. Televisions are increasingly coming equipped with 4K and 8K high-resolution screens as standard, while smartphones are starting to come with OLED and AMOLED screens that provide improved contrast and color accuracy. The need for high-refresh-rate displays, which offer smoother images and improve the gaming experience overall, has increased significantly, especially in the gaming sector. The demand for superior visual experiences among customers is expected to fuel future growth in the consumer electronics industry for high-quality electronic displays.
• The industry has expanded tremendously due to the growing usage of electronic displays in the automotive, healthcare, and retail sectors, in addition to consumer electronics. Displays are increasingly a necessary component of in-car entertainment systems and advanced driver assistance systems (ADAS) in the automotive industry, giving passengers and drivers access to vital information and entertainment choices. In order to improve user experience and safety, modern cars frequently have many displays installed, such as infotainment screens, heads-up displays, and digital instrument clusters. Electronic displays play a critical role in the healthcare industry for telemedicine, medical imaging, and patient monitoring, where precise and high-resolution images are necessary for diagnosis and treatment. Electronic displays, such as interactive kiosks and digital signs, enhance customer engagement and simplify operations in retail settings. Electronic displays' many uses in different sectors of the economy highlight their expanding significance and support the market's general growth.

Advancements in High-Resolution and Energy-Efficient Display Technologies

• The electronic display market is significantly influenced by the shift towards high-resolution and energy-efficient displays. Technologies such as OLED (Organic Light Emitting Diode), QLED (Quantum Dot LED), and MicroLED are at the forefront of this transformation due to their superior display quality, energy efficiency, and flexibility. OLED displays, in particular, have become the standard in premium smartphones and televisions, known for their deep blacks, vibrant colors, and thin profiles. These displays do not require a backlight, allowing for thinner and more flexible screens that consume less power. This energy efficiency is critical as consumers increasingly prioritize longer battery life and environmental sustainability in their electronic devices.
• Meanwhile, advancements in flexible and foldable display technology are creating new opportunities for innovation and application, especially in the mobile and wearable device segments. Flexible OLED displays are enabling the development of new form factors such as foldable smartphones and rollable TVs, which offer unique user experiences and design possibilities. Wearable devices, including smartwatches and fitness trackers, benefit from flexible displays that can conform to the contours of the human body, enhancing comfort and functionality. As these technologies continue to mature, they are expected to penetrate other industries, such as automotive and healthcare, where flexible displays can provide enhanced user interfaces and new functionalities. The ongoing evolution of high-resolution and energy-efficient display technologies is set to drive further growth and diversification in the electronic display market.

Electronic Display Market Segment Analysis:

Electronic Display Market Segmented based on By Technology, By Application and By End-User.

By Technology, LCD segment is expected to dominate the market during the forecast period

• LCD technology is widely used in many different consumer goods, including televisions, monitors, and smartphones, it has long been a major player in the display business. Its cost, energy efficiency, and enough quality for the majority of daily uses are the reasons behind its supremacy. LCDs continue to dominate the market in many regions despite the emergence of newer technologies, largely due to their ubiquitous production capabilities and affordability.
• The extensive use of LCD technology in consumer devices is evidence of its adaptability and dependability. The ability of LCD can generate brilliant colors and crisp images at a reasonable price is particularly advantageous for televisions and monitors. Because of this, LCDs are now the preferred option for both manufacturers and customers, guaranteeing their widespread use in homes and workplaces across the globe. Another important component of the technology's domination is its energy efficiency, which fits in nicely with the rising customer demand for environmentally friendly goods. When compared to earlier CRT displays, LCD screens utilize less electricity, making them a more environmentally friendly choice for regular usage.
• Furthermore, the continuous market dominance of LCD technology has been greatly aided by the vast manufacturing infrastructure that backs it. Economies of scale brought about by well-established supply chains and production techniques have further reduced costs and increased the accessibility of LCDs. This firmly established production capacity guarantees a steady supply of LCD panels, satisfying the strong demand in a wide range of applications. Furthermore, LCD technology has remained competitive versus emerging technologies thanks to ongoing developments in color accuracy, refresh rates, and panel durability. As a result, LCDs continue to hold a leading position in the display market and are a preferred option for numerous applications.

By Application, Consumer Electronics segment held the largest share in 2023

• The consumer electronics market, which includes everything from tablets and smartphones to televisions and wearable technology, is currently the biggest and most active application area for display technologies. These gadgets are not complete without LCD, LED, and OLED screens, each of which has special benefits that meet various user needs and technological specifications. Historically, LCDs have dominated this market because of their affordability and adaptability. They offer dependable performance in commonplace devices like computer monitors and televisions. In the meanwhile, LED displays have made a big impression, particularly in uses like outdoor signage and cellphones that demand high brightness and energy efficiency.
• Innovative display technologies are in greater demand as consumer expectations rise due to their need for increased resolution, improved image quality, and improved energy efficiency. OLED screens are becoming more and more popular in high-end televisions and smartphones due to their vivid colors, slim profiles, and exceptional contrast ratios. Their selling point in the consumer electronics sector is their ability to selectively illuminate pixels, resulting in genuine blacks and energy savings. To satisfy these needs, producers never stop innovating, pushing the limits of display technology through improvements in production techniques, materials science, and integration with other gadget features.
• Furthermore, the dominance of the consumer electronics industry in spearheading innovation in display technology goes beyond hardware requirements. Display capabilities are critical to the delivery of immersive and user-friendly experiences in virtual reality (VR), augmented reality (AR), and user interface design. Display technology is becoming increasingly important in determining the experiences and preferences of consumers, as seen by its integration into larger digital ecosystems. The consumer electronics sector continues to be at the forefront of generating development and innovation in the worldwide display market as the industry develops, driven by breakthroughs in display technologies and their smooth integration into common gadgets.

Electronic Display Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Asia Pacific is leading the way in the electronic display industry thanks to strong urbanization and industrialization trends. Key participants include China, Japan, and South Korea, who are at the forefront of display innovation and have sophisticated production capacities. These countries benefit from a trained labor force, well-established infrastructure, and government policies that encourage industry expansion and technical advancements.
• The growing middle class and rising disposable incomes in the area are driving up demand for electronic displays. Purchases of consumer electronics, such as cellphones, televisions, and digital signage systems, are rising as a result of this generational transition. The demand for displays in smart city initiatives, transportation systems, and retail sectors is rising as urbanization accelerates throughout Asia Pacific, offering numerous potential for market expansion and technological integration.
• All things considered, demographic trends, technological superiority, and advantageous economic circumstances support Asia Pacific's leadership in the electronic display business. Stakeholders in this region are in a good position to take advantage of these dynamics by utilizing innovation and adapting to changing domestic and international market demands.

Active Key Players in the Electronic Display Market

• NEC Corporation
• LG Display
• Samsung Electronics
• Sharp
• Innolux
• Japan Display
• Panasonic Corporation
• Sony
• AU Optronics
• Toshiba Corporation, and Other Key Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Electronic Display Market by Technology
 4.1 Electronic Display Market Snapshot and Growth Engine
 4.2 Electronic Display Market Overview
 4.3 LCD
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 LCD: Geographic Segmentation Analysis
 4.4 LED
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 LED: Geographic Segmentation Analysis
 4.5 OLED
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 OLED: Geographic Segmentation Analysis
 4.6
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 : Geographic Segmentation Analysis

Chapter 5: Electronic Display Market by Application
 5.1 Electronic Display Market Snapshot and Growth Engine
 5.2 Electronic Display Market Overview
 5.3 Consumer Electronics
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Consumer Electronics : Geographic Segmentation Analysis
 5.4 Digital Signage
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Digital Signage: Geographic Segmentation Analysis
 5.5 Automotive Display
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Automotive Display: Geographic Segmentation Analysis

Chapter 6: Electronic Display Market by End-User
 6.1 Electronic Display Market Snapshot and Growth Engine
 6.2 Electronic Display Market Overview
 6.3 Retail
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Retail: Geographic Segmentation Analysis
 6.4 Entertainment
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Entertainment: Geographic Segmentation Analysis
 6.5 Corporate
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Corporate: Geographic Segmentation Analysis
 6.6 Healthcare and Government
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Healthcare and Government: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Electronic Display Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions
  
 7.2 NEC CORPORATION
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 LG DISPLAY
 7.4 SAMSUNG ELECTRONICS
 7.5 SHARP
 7.6 INNOLUX
 7.7 JAPAN DISPLAY
 7.8 PANASONIC CORPORATION
 7.9 SONY
 7.10 AU OPTRONICS
 7.11 TOSHIBA CORPORATION
 7.12 OTHER ACTIVE KEY PLAYERS

Chapter 8: Global Electronic Display Market By Region
 8.1 Overview
 8.2. North America Electronic Display Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Technology
   8.2.4.1 LCD
   8.2.4.2 LED
   8.2.4.3 OLED
   8.2.4.4
  8.2.5 Historic and Forecasted Market Size By Application
   8.2.5.1 Consumer Electronics
   8.2.5.2 Digital Signage
   8.2.5.3 Automotive Display
  8.2.6 Historic and Forecasted Market Size By End-User
   8.2.6.1 Retail
   8.2.6.2 Entertainment
   8.2.6.3 Corporate
   8.2.6.4 Healthcare and Government
  8.2.7 Historic and Forecast Market Size by Country
   8.2.7.1 US
   8.2.7.2 Canada
   8.2.7.3 Mexico
 8.3. Eastern Europe Electronic Display Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Technology
   8.3.4.1 LCD
   8.3.4.2 LED
   8.3.4.3 OLED
   8.3.4.4
  8.3.5 Historic and Forecasted Market Size By Application
   8.3.5.1 Consumer Electronics
   8.3.5.2 Digital Signage
   8.3.5.3 Automotive Display
  8.3.6 Historic and Forecasted Market Size By End-User
   8.3.6.1 Retail
   8.3.6.2 Entertainment
   8.3.6.3 Corporate
   8.3.6.4 Healthcare and Government
  8.3.7 Historic and Forecast Market Size by Country
   8.3.7.1 Bulgaria
   8.3.7.2 The Czech Republic
   8.3.7.3 Hungary
   8.3.7.4 Poland
   8.3.7.5 Romania
   8.3.7.6 Rest of Eastern Europe
 8.4. Western Europe Electronic Display Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Technology
   8.4.4.1 LCD
   8.4.4.2 LED
   8.4.4.3 OLED
   8.4.4.4
  8.4.5 Historic and Forecasted Market Size By Application
   8.4.5.1 Consumer Electronics
   8.4.5.2 Digital Signage
   8.4.5.3 Automotive Display
  8.4.6 Historic and Forecasted Market Size By End-User
   8.4.6.1 Retail
   8.4.6.2 Entertainment
   8.4.6.3 Corporate
   8.4.6.4 Healthcare and Government
  8.4.7 Historic and Forecast Market Size by Country
   8.4.7.1 Germany
   8.4.7.2 UK
   8.4.7.3 France
   8.4.7.4 Netherlands
   8.4.7.5 Italy
   8.4.7.6 Russia
   8.4.7.7 Spain
   8.4.7.8 Rest of Western Europe
 8.5. Asia Pacific Electronic Display Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Technology
   8.5.4.1 LCD
   8.5.4.2 LED
   8.5.4.3 OLED
   8.5.4.4
  8.5.5 Historic and Forecasted Market Size By Application
   8.5.5.1 Consumer Electronics
   8.5.5.2 Digital Signage
   8.5.5.3 Automotive Display
  8.5.6 Historic and Forecasted Market Size By End-User
   8.5.6.1 Retail
   8.5.6.2 Entertainment
   8.5.6.3 Corporate
   8.5.6.4 Healthcare and Government
  8.5.7 Historic and Forecast Market Size by Country
   8.5.7.1 China
   8.5.7.2 India
   8.5.7.3 Japan
   8.5.7.4 South Korea
   8.5.7.5 Malaysia
   8.5.7.6 Thailand
   8.5.7.7 Vietnam
   8.5.7.8 The Philippines
   8.5.7.9 Australia
   8.5.7.10 New Zealand
   8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Electronic Display Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Technology
   8.6.4.1 LCD
   8.6.4.2 LED
   8.6.4.3 OLED
   8.6.4.4
  8.6.5 Historic and Forecasted Market Size By Application
   8.6.5.1 Consumer Electronics
   8.6.5.2 Digital Signage
   8.6.5.3 Automotive Display
  8.6.6 Historic and Forecasted Market Size By End-User
   8.6.6.1 Retail
   8.6.6.2 Entertainment
   8.6.6.3 Corporate
   8.6.6.4 Healthcare and Government
  8.6.7 Historic and Forecast Market Size by Country
   8.6.7.1 Turkey
   8.6.7.2 Bahrain
   8.6.7.3 Kuwait
   8.6.7.4 Saudi Arabia
   8.6.7.5 Qatar
   8.6.7.6 UAE
   8.6.7.7 Israel
   8.6.7.8 South Africa
 8.7. South America Electronic Display Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Technology
   8.7.4.1 LCD
   8.7.4.2 LED
   8.7.4.3 OLED
   8.7.4.4
  8.7.5 Historic and Forecasted Market Size By Application
   8.7.5.1 Consumer Electronics
   8.7.5.2 Digital Signage
   8.7.5.3 Automotive Display
  8.7.6 Historic and Forecasted Market Size By End-User
   8.7.6.1 Retail
   8.7.6.2 Entertainment
   8.7.6.3 Corporate
   8.7.6.4 Healthcare and Government
  8.7.7 Historic and Forecast Market Size by Country
   8.7.7.1 Brazil
   8.7.7.2 Argentina
   8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research