Westford, June 24, 2024 (GLOBE NEWSWIRE) -- SkyQuest projects that the global display market will attain a value of USD 207.79 billion by 2031, with a CAGR of 3.5% during the forecast period (2024-2031). The display market is a vivid and swiftly changing sector comprising a diverse range of technologies and uses. With the development of sophisticated display technologies, the market is ready to take off with the ever-increasing trend of high-resolution displays and unforgettable watching experiences. Nowadays, consumers are constantly demanding displays with higher resolutions, vibrant colors, and even brighter levels of brightness, which, in turn, forces manufacturers to go creative and produce new cutting-edge display technologies to meet these demands.
Download a detailed overview:
https://www.skyquestt.com/sample-request/display-market
Browse in-depth TOC on "Display Market"
- Pages - 165
- Tables - 154
- Figures – 78
Display Market Overview:
| Report Coverage | Details |
| Market Revenue in 2023 | $ 157.8 Billion |
| Estimated Value by 2031 | $ 207.79 Billion |
| Growth Rate | Poised to grow at a CAGR of 3.5% |
| Forecast Period | 2024–2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Display Technology, Product, Panel Size, Resolution, and Vertical |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunities | Growing Research and Development to Surge Adoption of Displays |
| Key Market Drivers | Increasing use of LED displays for video walls, TVs, and digital signage applications |
LCD to Dominate the Market Share by Offering Best Quality Visuals at Lower Costs.
The LCD segment has proven itself as the dominant segment in the market since it is the most cost-efficient technology to produce the best quality visuals and therefore maintains its position as the choice for both manufacturers and consumers. Over the past few years, innovations like In-Plane Switching (IPS) have improved the capabilities of LCDs, bringing true color and wide viewing angles which has accelerated the consumer expectations and demands for such advancements in this segment.
OLED Registers as Fastest Growing Segment Due to its Sheer Flexibility with Sharp Colours
The fastest-growing segment in the display market is Organic Light-Emitting Diode (OLED) technology. OLED screens have gained a reputation for their sharp colors, inky blacks, and sheer flexibility. OLED displays have higher qualities and are widely used in the production of premium televisions, smartphones, and wearable devices. This fast growth of OLED demonstrates its role in the future technology, thereby allowing displays to break the limits of what they can achieve.
Presence of Key Manufacturing Hubs Helps Asia Pacific to Dominate the Display Market
Asia Pacific appears to be more advanced and exposed as it has a high stake in leading the growth and development of this industry. Primarily, latest manufacturing hubs, development of technology and increasing consumer base for electronics have been seen to be the key factors which makes the region dominant. Due to the growth of Interest in owning smartphones, tablets and digital TVs in the Asia Pacific region it has emerged as a strong growth pillar for the growth of high-definition displays in the worldwide economy.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/display-market
Display Market Insights:
Drivers
- Increasing use of LED displays for video walls, TVs, and digital signage applications
- Decline in demand for displays in retail sector due to drastic shift toward online advertisement and shopping
- Increasing demand for high-resolution and immersive display experiences
Restraints
- Concerns related to Energy consumption
- Decline in demand for displays in retail sector due to drastic shift toward online advertisement and shopping
- High manufacturing costs of advanced display technologies
Prominent Players in Display Market
The following are the Top Display Companies
- Cerner Corporation
- Epic Systems Corporation
- Allscripts Healthcare Solutions, Inc.
- McKesson Corporation
- UnitedHealth Group
- Athenahealth, Inc.
- GE Healthcare
- Philips Healthcare
- Siemens Healthineers AG
- Agfa Healthcare
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/display-market
Key Questions Answered in Display Market Report
- What is the current value for the display market?
- Which region is expected to hold the largest market share for the display market?
- What are the major strategies adopted by the display market players?
This report provides the following insights:
- Analysis of key drivers (growing demand for better data security, rising adoption of Blockchain and IoT technologies, increasing use of decentralized systems in different industry verticals), restraints (interoperability issues with legacy systems, complexities in integration with existing infrastructure, concerns regarding scalability of gas cleaning technologies systems), and opportunities (growing demand for data monetization, rising demand for transparent yet trusted transactions), influencing the growth of display market.
- Market Penetration: All-inclusive analysis of product portfolio of different market players and status of new product launches.
- Product Development/Innovation: Elaborate assessment of R&D activities, new product development, and upcoming trends of the display market.
- Market Development: Detailed analysis of potential regions where the market has potential to grow.
- Market Diversification: Comprehensive assessment of new product launches, recent developments, and emerging regional markets.
- Competitive Landscape: Detailed analysis of growth strategies, revenue analysis, and product innovation by new and established market players.
Related Reports:
Augmented, Virtual and Mixed Reality Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com
