Knowledge Sourcing Intelligence announces the publication of a new report on “Display Panel Market - Forecasts from 2020 to 2025" to their offering.
Display Panel is also called as an electronic device, which is also known as a viewing device. There are many resolutions available in display panels such as 4K, 8K, HD, and FHD among others. It is basically used to cater to a wide variety of applications.
According to the report, the Display Panel Market is projected to increase at a CAGR of 5.11% over the forecast period 2019-2025.
The market is estimated to surge over the forecast period on account of the fact that the propensity of the individuals to spend on advanced devices such as flat-screen TV’s, continuous photo display screens, among other consumer electronics in the middle-income and low-income population is increasing, due to the rise in their disposable incomes. This is increasing the demand for display panels in homes, malls, and other places to cater to different applications in television, digital signage and automotive among others. Thus, the demand for display panels increasing. Moreover, to project their products to provide information about their products to a large number of consumers, mall owners and shop owners are increasingly adopting and using high resolution and top quality digital signage solutions and thereby contributing to the display panel market growth.
By type, LED display panels are increasingly being preferred by the individuals as they are increasingly spending on advancing technologies and better electronic products. In addition LED screens are able to provide a better picture quality, it is lighter and more premium and is available in different resolutions.
Furthermore, with new players entering the market in order to utilize the increasing opportunities and maximize their profits to gain a competitive edge over the market players, there are opportunities for the market players to contribute to the market growth.
Geographically, the Asia Pacific region is expected to hold a significant market share and increase its share over the forecast period. This is majorly attributable to China’s established consumer electronics industry. In addition, in the automobile industry in countries such as India and China, the automotive industry is flourishing due to the increasing influx of investments in the R&D of new technologies such as HMI (human-machine interface), infotainment screens, and heads up display (HUD) among some upcoming technologies. This is causing the demand for display panels to surge and acting as a catalyst in the market position of this region.
Major players covered as part of the report are Japan Display Inc., SAMSUNG, PANASONIC, LG Display Co., Ltd, SHARP CORPORATION, AU Optronics Corp., and BOE Technology Group Co., Ltd among others.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/display-panel-market
This report segmented the Display Panel Market on the basis following terms