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Global Display Device Market Size, Share, Analysis, Forecast: By Display Type: Flat Panel, Flexible Panel, Transparent Panel; By Technology: LCD, LED, OLED, E-Paper, Others; By Application: Television, Smartphones and Tablets, Smart Wearable, PC and Laptop, Automotive, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Display Device Market Outlook
The global display device market reached a value of about USD 144.3 billion in 2023. The industry is further expected to grow at a CAGR of 4.8% in the forecast period of 2024-2032.
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The Asia Pacific to Emerge as a Significant Market for Display Devices
The Asia Pacific is expected to emerge as one of the world's leading markets for display devices. Factors like the growth in the number of tech giants in the region and the availability of manufacturing resources at low cost contribute to the development of the display device industry in the Asia Pacific region.
The residential sector is projected to hold a significant market share in the coming years. The demand for electronic goods, including television, smartphones, laptops, tablets, as well as smart watches, has risen as technological developments continue, which is aiding the growth of the display device industry in the residential sector. Key players are now shifting to implement effective and luminous displays, leading to growth of microdisplay technology, which is expected to aid the global market growth in the coming years.
Display Device: Market Segmentation
A display device is a system for visual or tactile display of information. When there is an electric signal for the input information received, the display is called an electronic display. TV sets or device control are popular applications for electronic visual displays.
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The display type can be divided as follows:
- Flat Panel
- Flexible Panel
- Transparent Panel
The technology used in display device can be segmented as follows:
The product finds wide applications in the following segments:
- Television
- Smartphones and Tablets
- Smart Wearable
- PC and Laptop
- Automotive
- Digital Signage
- Others
The end uses of the product can be segmented as follows:
- Residential
- Large Enterprises
- Small Medium Enterprises
The regional markets for display device can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand for Electronic Devices Bolstering the Market Growth of Display Device
The remarkable rise in the usage of various consumer electronic products using state-of-the-art technologies is the main driving force behind the industry growth. The rising demand in the gaming and entertainment sector for high-quality displays as well as 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 device will propel the market growth further in the coming years. Other factors boosting the market growth are the rising urbanisation, rising economies, as well as the rising disposable incomes of the consumers.
Key Industry Players in the Global Display Device Market
The report gives a detailed analysis of the following key players in the global display device market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- TCL Electronics Holdings Limited
- LG Electronics Inc.
- Sharp Corporation
- Toshiba Corporation
- Samsung Electronics Co., Ltd.
- Japan Display Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Display Type |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Display Device Market Analysis
8.1 Key Industry Highlights
8.2 Global Display Device Historical Market (2018-2023)
8.3 Global Display Device Market Forecast (2024-2032)
8.4 Global Display Device Market by Display Type
8.4.1 Flat Panel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Flexible Panel
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Transparent Panel
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Display Device Market by Technology
8.5.1 LCD
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 LED
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 OLED
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 E-Paper
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Display Device Market by Application
8.6.1 Television
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Smartphones and Tablets
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Smart Wearable
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 PC and Laptop
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Automotive
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Digital Signage
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Display Device Market by End Use
8.7.1 Residential
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Large Enterprises
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Small and Medium Enterprises
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Display Device Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Display Device Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Display Device Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Display Device Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Display Device Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Display Device Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 TCL Electronics Holdings Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 LG Electronics Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sharp Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Samsung Electronics Co., Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Toshiba Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Japan Display Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Display Device Market: Key Industry Highlights, 2018 and 2032
2. Global Display Device Historical Market: Breakup by Display Type (USD Billion), 2018-2023
3. Global Display Device Market Forecast: Breakup by Display Type (USD Billion), 2024-2032
4. Global Display Device Historical Market: Breakup by Technology (USD Billion), 2018-2023
5. Global Display Device Market Forecast: Breakup by Technology (USD Billion), 2024-2032
6. Global Display Device Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Display Device Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Display Device Historical Market: Breakup by End Use (USD Billion), 2018-2023
9. Global Display Device Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10. Global Display Device Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Display Device Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Display Device Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Display Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Display Device Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Display Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Display Device Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Display Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Display Device Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Display Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Display Device Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Display Device Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Display Device Market Structure
Key Questions Answered in the Report
In 2023, the global display device market attained a value of nearly USD 144.3 billion.
The market is projected to grow at a CAGR of 4.8% between 2023 and 2032.
The major market drivers include rapid urbanisation, rising disposable incomes, the growing demand for electronic goods, the increasing shift towards the adoption of effective and luminous displays, the rising demand for high-quality displays, and the growing popularity of OLED-based technologies.
The key trends guiding the market include the rising adoption of flexible OLED display technologies and the increasing demand from the gaming and entertainment sectors.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading display types in the market are flat panel, flexible panel, and transparent panel.
The major technologies considered in the market report are LCD, LED, OLED, and e-paper, among others.
The significant applications of display device include television, smartphones and tablets, smart wearable, PC and laptop, automotive, and digital signage, among others.
The various end uses of display device include residential, large enterprises, and small medium.
The major players in the market are TCL Electronics Holdings Limited, LG Electronics Inc., Sharp Corporation, Samsung Electronics Co., Ltd, Toshiba Corporation, and Japan Display Inc., among others.
Analyst Review
The global display device market attained a value of USD 144.3 billion in 2022 driven by the growing demand for electronic goods. Aided by the rising adoption of OLED-based technologies, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.8%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on display type, the market is divided into flat panel, flexible panel, and transparent panel. By technology, the industry is segmented into LCD, LED, OLED, and E-paper, among others. On the basis of application, the market is categorised into television, smartphones and tablets, smart wearable, PC and laptop, automotive, and digital signage, among others. The major end use segments in the market are residential, large enterprises, and small medium enterprises. The major regional markets for display device are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include TCL Electronics Holdings Limited, LG Electronics Inc., Sharp Corporation, Samsung Electronics Co., Ltd, Toshiba Corporation, and Japan Display Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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