Display Panel Market is projected to grow at a CAGR 5.11%
Knowledge Sourcing Intelligence announces the publication of a new report on “Display panel Market – Forecasts from 2020 to 2025” to their offering.
Growing demand for 4K & 8K displays coupled with rising adoption of smart wearable display technology is expected to drive the growth of the market during the forecast period.
As per the report, the market pertaining to the Display panel Market is expected to grow at a steady pace. Display panel is a vertical surface which have application ranging from smartphones to large screens which can be used for publishing information for public view and often include display board, big board or large displays. Digital signage is a staple for modern sports venue and has become an important part of the solution for venue planners and developers. Digital signage has been used for many years, but display technology has evolved in the recent years, there is a multitude of display applications available beyond scoreboards, way finder and advertising to communicate relevant targeted messaging to a wide variety of audiences. An increasing number of sports event couple with growing audience’s involvement is expected to be one of the prime drivers for the growth of the sports technology market for digital signage segment during the forecast period. With the aim of delivering an enjoyable and engaging experience to people, there is increasing investment by stadium and arena owners around the globe, which is further expected to boost the demand for digital signage technologies in the coming years. Technology today is driving excellence in sports more than ever before and is also transforming the experience for fans that are getting enhanced experience whether watching live or remotely. Furthermore, increasing investment by market players and rising adoption of sports technology across stadiums and arenas around the globe is further expected to propel the market growth opportunities during the forecast period. For instance, nearly $200bn is being spent on the infrastructure required to host the World Cup in the Gulf state which include immense expenditure on digital panels.
The increasing number of product launches by major market players in the country is expected to propel the market growth opportunities for vendors and manufacturers in the coming years. In addition, rising investment in research and development by big market players couple with growing patents activities also intensified the competition among market players to capture the market share is further anticipated to drive the market for the transparent display market. In fact, in 2017, LG Patents its transparent, flexible head-up displays for automobiles. Furthermore, an increasing number of sports event couple with growing audience’s involvement is expected to be one of the prime drivers for the growth of the transparent display adoption during the forecast period.
The growing usage of laptops and personal computers coupled with increasing investment by big market players in the developing countries like India and China is expected to be the prime driver for the growth of the display panels market. For instance, recently the Hong Kong-based company Skyworth Group stated that it is planning to invest nearly $100 million in the country to expand its manufacturing capabilities; the company manufactures a wide array of products including set-top boxes and LED TVs among others. In addition, favorable government policies and initiatives to attract market players and FDI which is important for the country to overhaul its infrastructure sector to boost further growth is anticipated to propel the growth opportunities in the country in the coming years. In fact, the Government of India recently cut in the corporate tax to boost the Make in India initiate aiming to place the country at a similar footing as the major electronics manufacturing hubs around the world. Also, recently, Hewlett Packard Enterprise (HPE) announced a $500 million investment in the country over the next five years, aiming to grow its operations and manufacturing base in India. Due to such investment by big market players the market is anticipated to witness substantial growth rate over the forecast period.
As a part of the report, the major players operating in the display panel market, which have been covered are LG Display Co., Ltd, SAMSUNG, Panasonic, BOE Technology Group Co., Ltd, HannStar® Display Corporation, Japan Display Inc., Sharp Corporation, AU Optronics Corp., and Innolux Corporation.
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
- Digital Signage
The Middle East and Africa
- Saudi Arabia
- South Korea
- North America
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