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
Middle East and Africa