Display panel market was valued at US$106.575 billion in 2017 and is projected to expand at a CAGR of 5.18% over the forecast period to reach US$144.267 billion by 2023. Rising demand for smart televisions, smartphones, and other mobile devices owing to increasing purchasing power is driving the growth of display panels market. Growing adoption of digital signage across various industries is further fueling the demand for these panels globally. Burgeoning demand for wearables will further provide significant boost to the market growth. Geographically, APAC will witness the fastest regional market growth owing to booming automotive as well as consumer electronics industry in countries like China and India. This regional market growth is majorly supported by the presence of two major market players Samsung, and LG in the region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the display panel value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Display Panel market.
Major industry players profiled as part of the report are Japan Display Inc., SAMSUNG, LG Display Co., Ltd, Sharp Corporation, and Innolux Corporation among others.
Display panel market has been analyzed through following segments:
Middle East and Africa