Global Display Market to Reach USD 229.6 Billion by 2033, Spurred by Increasing Applications in Automotive Industry

November 05, 2024 | Electronics and Semiconductors

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According to the latest report by IMARC Group, titled “Display Market Report by Display Type (Flat Panel Display, Flexible Panel Display, Transparent Panel Display), Technology (OLED, Quantum Dot, LED, LCD, E-Paper, and Others), Application (Smartphone and Tablet, Smart Wearable, Television and Digital Signage, Pc and Laptop, Vehicle Display, and Others), Industry Vertical (BFSI, Retail, Healthcare, Consumer Electronics, Military and Defense, Automotive, and Others), and Region 2025-2033,” the global display market size reached USD 171.4 Billion in 2024. A display is a projecting mechanism that shows text and graphic images to the user using various image projection technologies. It includes cathode ray tubes (CRT), liquid crystal displays (LCD), gas plasma, light-emitting diodes (LED), and organic light-emitting diodes (OLED). It is widely used in laptops, tablets, mobile phones, televisions, smartwatches, computers, and medical monitors. A display offers enhanced productivity and eye-catching visuals. As a result, it finds extensive applications across the automotive, sports, construction, medical, entertainment, and retail industries.

Global Display Market Trends:

The increasing utilization of displays in the automotive industry is one of the key factors driving the market growth. Displays are widely used in devices such as rearview mirrors, digital dashboards, navigation systems, and heads-up displays. In addition, the increasing use of displays at airports, train stations, and bus stops to provide information regarding arrival, departure, and possible delays to the public, represents another major growth-inducing factor. Besides this, the market is further propelled by the introduction of advanced product variants, such as smart displays, integrated with the Internet of Things (IoT) and artificial intelligence (AI) solutions that assist in real-time monitoring. Moreover, as flexible displays offer various benefits, including flexibility, enhanced brightness, and low power consumption, they are extensively used in consumer electronics devices, such as televisions, smart wearables, smartphones, and computers. This, coupled with the rising popularity of touch-based devices that requires a display panel to operate, is creating a favorable market outlook across the globe. Furthermore, the expanding electronics industry and the growing product utilization in the medical industry are anticipated to propel the market growth. Looking forward, IMARC Group expects the market value to reach USD 229.6 Billion by 2033, expanding at a CAGR of 3.27% during the forecast period (2025-2033).

Market Summary

On the basis of the display type, the market has been classified into flat panel, flexible panel, and transparent panel displays.
Based on technology, the market has been segmented into OLED, quantum dot, LED, LCD, e-paper, and others.
On the basis of the application, the market has been classified into smartphone and tablet, smart wearable, television and digital signage, PC and laptop, vehicle display, and others.
The market has been categorized based on the industry vertical into BFSI, retail, healthcare, consumer electronics, military and defense, automotive, and others.
Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the industry has also been examined, along with the profiles of the key players being AUO Corporation, BOE Technology Group Co. Ltd., Corning Incorporated, DuPont de Nemours Inc., E Ink Holdings Inc. (YFY Inc.), HP Inc., Innolux Corporation, Leyard Optoelectronic, LG Display Co. Ltd. (LG Corporation), Qisda Corporation, Samsung Electronics Co. Ltd., Seiko Epson Corporation, Sharp Corporation (Hon Hai Precision Industry Co. Ltd.) and Sony Corporation.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Display Type, Technology, Application, Industry Vertical, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AUO Corporation, BOE Technology Group Co. Ltd., Corning Incorporated, DuPont de Nemours Inc., E Ink Holdings Inc. (YFY Inc.), HP Inc., Innolux Corporation, Leyard Optoelectronic, LG Display Co. Ltd. (LG Corporation), Qisda Corporation, Samsung Electronics Co. Ltd., Seiko Epson Corporation, Sharp Corporation (Hon Hai Precision Industry Co. Ltd.) and Sony Corporation
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Display Market to Reach USD 229.6 Billion by 2033, Spurred by Increasing Applications in Automotive Industry

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