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The electronic display devices market size is forecast to increase by USD 47.7 billion at a CAGR of 5.1% between 2023 and 2028. The market is experiencing significant growth due to the introduction of advanced technologies such as LED, The introduction of advanced technologies such as Organic Light-Emitting Diodes (OLED) and Quantum Dot (QD) displays is revolutionizing the market., and AMOLED displays. The mobile commerce sector's expansion is driving the demand for smaller, high-resolution displays for smartphones and tablets. However, the disposal of electronic waste, including discarded display devices, poses a challenge to market growth. The entertainment industry's shift towards large-format displays, such as smart televisions, is also fueling market growth. Additionally, the emergence of smart wearables is expanding the application scope of electronic displays beyond traditional devices. The report provides a comprehensive analysis of these trends and the challenges they present to market growth, including the increasing regulatory focus on WEEE and e-waste disposal. To stay competitive, market players must innovate and launch new display technologies that address these challenges while meeting consumer demand for larger, higher-resolution displays.
The market is experiencing significant growth due to the increasing demand for advanced visual technologies in various sectors. High-resolution display technologies, including OLED (Organic Light-Emitting Diodes) and AMOLED (Active-Matrix Organic Light-Emitting Diodes), have gained popularity in consumer electronic devices and digital signage applications. OLED and AMOLED displays offer several advantages, such as higher contrast ratios, faster response times, and energy efficiency. These displays are increasingly used in smart devices like mobile phones, tablets, and smartwatches, as well as in advanced electronic gadgets like laptops and smart TVs. LCD (Liquid Crystal Display) displays, which include both rigid and flexible variants, continue to dominate the market due to their affordability and wide availability.
Moreover, rigid LCD displays are commonly used in consumer electronics applications, such as monitors, notebooks, and digital signage. Flexible LCD displays, on the other hand, are gaining traction in automotive and wearable devices due to their flexibility and durability. Digital signage applications, including retailing, entertainment, healthcare, and automotive industries, are significant contributors to the growth of the market. In the retailing industry, digital signage is used for advertising and promotional purposes, while in healthcare, it is used for patient education and wayfinding. In the entertainment industry, high-resolution displays are used for video streaming and content creation. The automotive industry is also a growing market for electronic displays, with applications ranging from infotainment systems to advanced driver assistance systems (ADAS).
Also, the use of electronic displays in automobiles enhances the driving experience and improves safety. The market is expected to continue growing due to the increasing demand for advanced visual technologies in various sectors. The market is driven by factors such as the proliferation of smart devices, the rise of video streaming, and the increasing use of digital signage for advertising and informational purposes.
In conclusion, the market is experiencing significant growth due to the increasing demand for advanced visual technologies in various sectors, including consumer electronics, digital signage, automotive, and healthcare. High-resolution displays, including OLED and Amoled, offer several advantages and are increasingly used in smart devices and advanced electronic gadgets. The market is expected to continue growing due to the proliferation of smart devices, the rise of video streaming, and the increasing use of digital signage for advertising and informational purposes.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The televisions segment is estimated to witness significant growth during the forecast period. The market is witnessing notable expansion, fueled by the increasing popularity of M-commerce and the rise in disposable incomes. This trend is particularly evident in the segment for electronic devices, which includes automobiles, advertising, and advanced electronic gadgets such as smartwatches and laptops. One of the most dynamic product categories is the television segment. Companies like Xiaomi and LG are spearheading innovation in this area, releasing new models to meet the burgeoning demand for smart TVs.
For instance, Xiaomi, a prominent Chinese electronics manufacturer, unveiled its latest X Pro QLED TVs in the US market on August 27, 2024. These premium offerings come in screen sizes of 43 inches, 55 inches, and 65 inches, catering to consumers seeking superior viewing experiences. Xiaomi also continues to expand its reach by offering affordable Redmi smart TVs. By providing a diverse range of products, these companies are capitalizing on the growing demand for advanced electronic devices.
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The televisions segment accounted for USD 33.40 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia Pacific region is experiencing notable growth due to the adoption of high-resolution display technologies, such as OLED and AMOLED. Companies like Samsung and LG are leading this advancement with their innovative solutions in OLED and AMOLED displays. In the consumer electronic devices sector, the demand for flexible AMOLED displays is increasing, particularly for smartphones and tablets. Additionally, digital signage applications are witnessing significant growth, with the use of rigid LCD displays in retail, transportation, and advertising industries. In India, AET Displays is expanding its product offerings by introducing five new LED solutions by the end of 2024.
With this expansion, the company aims to broaden its portfolio, catering to various sectors, including government institutions, broadcasting, retail, education, healthcare, corporate offices, transportation hubs, advertising, and cinema. AET Displays has already established a strong presence in the Indian market, deploying over 25,000 square meters of electronic display devices. This growth underscores the increasing demand for electronic display devices in India and the region as a whole.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The new electronic display devices launches is the key driver of the market. The market is experiencing notable growth due to the constant introduction of innovative technologies and advanced products. New product launches play a pivotal role in market expansion and improving consumer experiences in various applications, such as consumer electronics, digital signage, retailing industry, entertainment, healthcare, console gaming, and mobile gaming.
In March 2024, Samsung Electronics Singapore unveiled its latest Neo QLED 8K, Neo QLED, and OLED TVs, along with new sound systems at an event held at Jewel Changi. This public event highlighted Samsung's dedication to AI-driven television technology. Visitors had the opportunity to witness the future of AI TVs and engage in interactive activities. These new products are poised to set new industry standards, delivering exceptional picture quality and intelligent features that cater to diverse user preferences.
The innovation in display technology is the upcoming trend in the market. The market is experiencing notable advancements, primarily due to technological innovations such as quantum dot (QD) technology. This technology is revolutionizing both the display and lighting industries, providing customizable color emission and increased brightness. Traditional displays, particularly at higher brightness levels, can struggle with color accuracy, resulting in washed-out hues. Leading companies, like Samsung, have integrated QD technology into their LED displays to overcome this challenge. In the realm of mobile commerce and smart devices, QD technology is making a significant impact. OLED and AMOLED displays, popular in smartphones and smart wearables, are benefiting from QD technology's ability to improve color accuracy and brightness. The entertainment industry is also embracing this technology, as it enhances the viewing experience for consumers.
However, with the increasing adoption of electronic display devices, there are growing concerns about WEEE (Waste Electrical and Electronic Equipment) and e-waste. It is crucial for manufacturers to adhere to regulations, such as the European Union's RoHS (Restriction of Hazardous Substances) directive, to minimize the environmental impact of discarded devices. In conclusion, quantum dot technology is driving innovation in the market, addressing critical challenges related to color accuracy and brightness. Its integration into various applications, from mobile commerce to entertainment, is enhancing user experiences while minimizing environmental concerns.
The disposal of e-waste is a key challenge affecting the market growth. The widespread usage of digital signage, automation, and mobile devices, including smartphones and tablets, has led to an escalating challenge of electronic waste (e-waste). E-waste refers to discarded electronics, such as televisions and computers, that contain hazardous materials like mercury, posing health and environmental risks.
In 2021, the global e-waste generation reached an astounding 57.4 million tons, with an average of 7.6 kg per person. Regrettably, only 17.4% of this waste was effectively collected, treated, and recycled. This gap highlights the pressing need for efficient e-waste management and consumer awareness to minimize environmental harm.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BOE Technology Group Co. Ltd. - The company offers BOE monitor display device, mobile phone screen, tablet display, laptop display, monitor display panel and others.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Electronic display devices have revolutionized various industries, from consumer electronics to digital signage applications. High-resolution display technologies, such as OLED (Organic Light-Emitting Diodes) and AMOLED (Active-Matrix Organic Light-Emitting Diodes), have gained significant popularity due to their high-quality screens, low energy consumption, and screen durability. Consumer electronic devices, including smartphones, tablets, laptops, and smart TVs, have embraced these advanced technologies, offering users enhanced viewing experiences. Flexible AMOLED displays have further expanded the application scope, enabling the production of curved and foldable screens. Digital signage, a crucial component of the retail sector, has also benefited from these advancements. OLED and AMOLED displays offer higher resolution screens, enabling crisp and vibrant visuals that capture the attention of consumers.
In summary, the entertainment industry, mobile commerce, and automobile displays have also adopted these technologies, providing engaging experiences for users. The electronic market continues to grow, driven by increasing disposable incomes, advanced electronic gadgets, and the integration of technology into various industries. The adoption of electronic displays in automobiles, advertising, and smart wearables such as smartwatches, further expands the market potential. The shift towards higher resolution screens, 3D and 4D display screens, and lower energy consumption is expected to continue shaping the future of electronic displays in consumer electronics and digital signage applications.
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Market Scope |
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Report Coverage |
Details |
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Page number |
217 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.1% |
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Market growth 2024-2028 |
USD 47.7 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.8 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 40% |
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Key countries |
US, China, Germany, Japan, India, UK, South Korea, France, Canada, and UAE |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Apple Inc., BOE Technology Group Co. Ltd., Corning Inc., DuPont de Nemours Inc., E Ink Holdings Inc., Fujitsu Ltd., HP Inc., Innolux Corp., Leyard Optoelectronic, LG Display Co. Ltd., Mitsubishi Electric Power Products, Inc., NEC Corp., Panasonic Holdings Corp., Powertip Technology Corp, Royole Corp, Samsung Electronics Co. Ltd., Sharp Corp., Sony Group Corp., TCL Industries Holdings Co., Ltd., and Universal Display Corp. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Type
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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