Market Research Report
Global Thin Display Technology Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023
|Published by||Occams Business Research & Consulting Pvt. Ltd.||Product code||526715|
|Published||Content info||190 Pages
Delivery time: Inquiry
|Global Thin Display Technology Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023|
|Published: July 3, 2017||Content info: 190 Pages||
Paper thin displays comprise of ultra-thin displays and are called so because of their resemblance to an actual sheet of paper. Paper thin displays offer shatter proof, bendable and lightweight features and are evolving progressively in global paper thin display technology market. Global paper-thin display technology market is anticipated to rise with a CAGR of about 43.5% during the forecast years 2016-2023. Increasing demand for digital signage for digital advertisement is largely contributing to the market growth. Other factors such as high demand of thin film displays in smart phones and televisions, technological advancements in display technologies and surging demand of energy efficient and high specification display products have also helped the market to grow. However, meeting standard power consumption ratings, reducing the processing time for manufacturing thin film displays and increasing the durability of a paper-thin display product are acting as major challenges for the manufacturers.
Asia Pacific represents the largest market for the paper-thin display technology and is anticipated to display fastest growth in the near future. High demand for portable electronic displays along with rising disposable incomes in developing countries of Asia Pacific region have helped to enhance the market. In Asia Pacific region, the number of mobile phone users are anticipated to be about 2713 million by the end of year 2017. This has created huge demand in the market for paper thin display units in APAC region.
The paper-thin display technology market has been segmented on the basis of display technology and applications. On the basis of display technology, the market has been bifurcated into liquid crystal display, organic light emitting diode display, thin film liquid crystal display, polymer dispersed liquid crystal display, electronic paper display and micro electro mechanical systems. TFT LCD display occupies major share in the paper-thin display technology market by technology due to their wide applications in mobile phones displays, computer screens, medical, communication, office, industrial and marine display devices. On the basis of application segment, smart phones and tablets occupy leading position. Sales of smart phones surged from $398.1 billion in the year 2015 to $428.9 billion in the year 2016. Samsung occupies over 18% share in the global smart phone market. These companies constantly focus on the development of paper thin display technology concentrating on smart phone segment. For instance, Samsung has all its focus on the development of bazel free display and covers over 20% of market share in bazel free display technology market for smart phones.
Some of the major market players of the global paper-thin display technology market includes Acreo Swedish ICT., Dai Nippon Printing Co. Ltd., Au Optronics Corp., LG Display Co. Ltd., and Samsung Display Co. Ltd. And others. These companies use various strategies such as mergers & acquisitions, collaboration, partnership and product launch. Whereas, merger & acquisition is the key strategy adopted by the companies in the global paper thin displays market. For example, on 10th March 2017, Samsung electronics acquired Harman international industries. This acquisition enabled both the companies, Harman's iconic audio brand with Samsung's leading display technologies to contribute to the automotive industry.