Top 7 Companies Dominating the Global Display Device Market

As per the analysis by Expert Market Research, the global display device market reached a value of about USD 144.3 billion in 2022. The industry is further expected to grow at a CAGR of 4.8% in the forecast period of 2023-2028, owing to the rising demand for electronic devices.

A display device is a system for the visual or tactile display of information. When an electric signal for the input information is received, the display is called an electronic display. TV sets or device controls are popular applications for electronic visual displays. 

The Asia Pacific region is expected to emerge as one of the world's leading regions in the display device market. Factors such as the growth in the number of tech giants in the region and the availability of manufacturing resources at low cost are contributing to the development of the display device industry in the Asia Pacific region. 

The consumer sector is projected to hold a significant market share in the coming years. The demand for electronic goods, including televisions, smartphones, laptops, and tablets, as well as smart watches, has risen due to rapid technological developments, which is aiding the growth of the display device industry in the consumer sector. In addition, key players are now shifting to implement effective and luminous displays, leading to the growth of microdisplay technology, which is expected to aid the global display device market growth in the coming years.

The rise in the usage of various consumer electronic products using state-of-the-art technologies is the main driving force behind the market’s growth. The rising demand in the gaming and entertainment sectors for high-quality displays along with the increasing popularity of OLED-based technologies are notable factors that are boosting the market growth. The widespread adoption of flexible OLED display technologies is also increasing the demand for display devices. 

It is also anticipated that the advanced functions of display devices will propel the market growth further in the coming years. Other factors boosting the display device market growth include rapid urbanisation, growing economies, as well as the rising disposable incomes of consumers.

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Top 7 Global Display Device Companies:

Sony Corporation

Sony, or Sony Corporation, is a well-known Japanese maker of consumer electronic products and a top supplier of information technology and audio/video devices for both the consumer and business end users. Among others, Sony is also involved in the production of movies, music, and financial services.

Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. produces a broad range of consumer and industrial electronic devices, including microwaves, air conditioners, monitors, televisions, personal computers, peripherals, and semiconductors.

LG Display Co., Ltd.

LG Display Co., Ltd. is one of the world's top innovators in display technology including OLED displays and thin-film transistor liquid crystal (TFT-LCD) displays. It was also a pioneer in OLED lighting. The company produces display panels in a wide range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, and several other applications, including tablets and mobile devices.

Panasonic Corporation

A significant Japanese multinational electronics corporation with its headquarters in Kadoma, Osaka, Panasonic Corporation was formerly known as Matsushita Electric Industrial Co., Ltd. Under the brand names Panasonic, Quasar, and National, Panasonic is known all over the world for its electrical appliances, computer semiconductors, and videocassette recorders.

Toshiba Corporation

Japanese multinational company Toshiba Corporation is based in Minato, Tokyo. Toshiba produces a range of goods for both consumers and businesses. The company also manufactures DVD players, digital video recorders (DVRs), printers, copiers, lighting goods, medical imaging equipment, security systems, and liquid crystal display (LCD) devices, in addition to HD televisions and laptop computers.

TCL Technology Group Corp

Chinese multinational electronics business TCL Technology is based in the Guangdong Province city of Huizhou. Liquid crystal display (LCD) televisions (TVs) and intelligent terminals are products it produces and distributes.

Sharp Corporation

Japanese multinational company Sharp Corporation has its headquarters in Sakai-ku, Sakai, Osaka Prefecture. The company primarily produces and sells electronic components, electric and electronic application equipment, and telecommunications equipment.