PUBLISHER: Roots Analysis | PRODUCT CODE: 1721367
PUBLISHER: Roots Analysis | PRODUCT CODE: 1721367
As per Roots Analysis, the global display market size is estimated to grow from USD 167.47 billion in the current year to USD 261.38 billion by 2035, at a CAGR of 4.13% during the forecast period, till 2035.
The opportunity for display market has been distributed across the following segments:
Type of Product
Type of Technology
Feature
Panel Size
End-User
Type of Resolution
Aspect Ratio
Type of Touch Technology
Brightness
Viewing Angle
Power Consumption
Durability
Geographical Regions
The evolution of digital technology in the display sector has opened up unparalleled opportunities for companies to connect with and engage their intended audiences. The increasing trend towards larger screens across various fields, coupled with the introduction of innovative display technologies from advanced 3D displays to next-generation digital signage and video surveillance systems is transforming how people interact with information and visual content. Displays serve as devices that present information, data, images, and videos in a visual or tactile manner for users. Over the years, the rise of sophisticated technology has resulted in a range of technologies, including liquid crystal displays (LCDs), light-emitting diode displays (LEDs), organic light-emitting diode displays (OLEDs), and more. These displays are widely used in numerous devices, encompassing tablets, laptops, televisions, monitors, and digital signage.
Moreover, the role of displays in providing visual feedback and facilitating interaction between users and electronic devices enhances user experience across various applications and sectors, making them a favored option among users and businesses alike. The appeal of foldable displays, flat panels, and touchscreen functionality also attract consumers in search of high-quality displays for their commercial needs. Additionally, the rising trend of digital display solutions in the retail industry has generated new avenues for companies to improve their in-store experiences. Intelligent, data-driven retail displays that offer personalized product suggestions, real-time inventory updates, and seamless integration with e-commerce platforms ultimately boost sales and foster customer loyalty. Given these factors, industry participants are adopting these state-of-the-art display solutions to create a memorable impact and establish their brand value for sustainable success in the ever-evolving digital environment, which will likely enhance the market's growth potential during the forecast period, till 2035.
Based on the type of product, the global display market is segmented into automotive displays, digital signage & large format displays (interactive kiosks, interactive monitors, interactive tables, interactive video walls, interactive whiteboards), PC monitors and laptops, smart wearables, tablets, television, and others. According to our estimates, currently, smartphones segment captures the majority share of the market. This can be attributed to the growing adoption of OLED and flexible displays in smartphones, which provide outstanding color precision and vibrancy, delivering richer and more lifelike visuals. However, wearable segment is anticipated to grow at a higher CAGR during the forecast period.
Based on the type of technology, the display market is segmented into direct-view LED, E-Paper / E-Ink, Liquid Crystal Display (LCD) (IPS LCD, TFT-LCD, TFT-LCD, VA LCD, Others) LED, Micro-LED, Organic Light-Emitting Diode (OLED), AMOLED, Micro-LED, Mini-LED, PMOLED), quantum dot, and others. According to our estimates, currently, OLED displays segment captures the majority share of the market. This can be attributed to the fact that major smartphone manufacturers, including Apple, Samsung, and Google, are increasingly incorporating OLED displays into their devices such as mobiles, tablets, and TVs due to their superior display quality and design versatility, which boosts demand for OLED technology. However, micro-LED segment is anticipated to grow at a higher CAGR during the forecast period.
Based on the feature, the display market is segmented into flat panel display, flexible panel display, non-touch display, touch display, and transparent panel display. According to our estimates, currently, flat panels segment captures the majority share of the market, owing to the fact that flat panels have become standard displays widely used in TVs, monitors, laptops, and tablets. However, touchscreen displays segment is anticipated to grow at a higher CAGR during the forecast period.
Based on the panel size, the display market is segmented into large display, medium display, micro-display, and small display. According to our estimates, currently, micro display segment captures the majority share of the market. The use of micro-displays in wearable technology like smartwatches and near-to-eye devices, which require compact screens, greatly benefits from the advantages offered by micro-displays. Additionally, specialized medical devices that utilize micro-displays are anticipated to contribute to market expansion. However, medium display panels segment is anticipated to grow at a higher CAGR during the forecast period.
Based on end user, the display market is segmented into aerospace / defense, BFSI, consumer electronics, corporate / industrial enterprises, education, healthcare, retail, sports & entertainment, transport, and others. According to our estimates, currently, consumer electronic segment captures the majority share of the market. This can be attributed to several factors, including the increasing demand for smartphones and consumers' growing preference for larger screens that offer a more immersive viewing experience, especially with the increasing availability of high-definition and ultra-high-definition (4K and 8K) content, along with gamers' preferences for larger displays to enhance their gaming experiences. However, sports and entertainment segment is anticipated to grow at a higher CAGR during the forecast period.
Based on type of resolution, the display market is segmented into HD, 4K (ultra high definition), 8K (super high definition), and other resolutions. According to our estimates, currently, 4K (ultra-high definition) segment captures the majority share of the market. This can be attributed to the increasing demand for 4K resolution displays, particularly for streaming services and content creation. However, full HD resolution displays segment is anticipated to grow at a higher CAGR during the forecast period.
Based on aspect ratio, the display market is segmented into 4:3, 16:9, 16:10, and others. According to our estimates, currently, 16:9 aspect ratio segment captures the majority share of the market. This can be attributed to its status as the standard aspect ratio widely utilized in most consumer electronics such as televisions, monitors, and smartphones. Additionally, it is the most frequently supported aspect ratio for both content consumption and creation. However, 16:10 aspect ratio segment is anticipated to grow at a higher CAGR during the forecast period.
Based on type of touch technology, the display market is segmented into capacitive touch, infrared touch, resistive touch, and other touch technologies. According to our estimates, currently, capacitive touch segment captures the majority share of the market. The rise in consumer electronics, such as smartphones, computers, tablets, and other devices that demand high performance in touch sensitivity and user experience, drives the expansion of this segment. As a result, the segment is projected to grow during the forecast period.
Based on brightness, the display market is segmented into high brightness (more than 500 cd/m2, low brightness (less than 200 cd/m2), and medium brightness (200-500 cd/m2). Medium brightness (200-500 cd/m2) is particularly dominant in consumer electronics such as TVs, mobile devices, tablets, and iPads, leading to its majority share in the market. Additionally, its benefits in providing better visibility in bright and outdoor settings, as well as improved high dynamic range (HDR) performance, are expected to lead to significant growth at a considerable CAGR during the forecast period.
Based on type of viewing, the display market is segmented into narrow viewing angles, ultra-wide viewing angles, and wide viewing angles. According to our estimates, currently, wide viewing angles segment captures the majority share of the market. Wide viewing angles are commonly used in consumer electronics where shared viewing happens frequently, and their varied color brightness consistency contributes to them holding the largest market share in this segment. Moreover, the demand for high-end and professional screens boosts market growth. However, ultra-wide viewing angles segment is anticipated to grow at a higher CAGR during the forecast period.
Based on power consumption, the display market is segmented into high power consumption (more than 5W), low power consumption (less than 1W), and medium power consumption (1-5W). According to our estimates, currently, medium power consumption (1-5W) segment captures the majority share of the market. This can be attributed to their well-rounded performance and efficiency, making them well-suited for a variety of consumer electronics, with designs that enhance energy efficiency.
Based on durability, the display market is segmented into high durability (scratch-resistant, water-resistant), low durability, and medium durability. According to our estimates, currently, high-durability displays segment captures the majority share of the market. This can be attributed to the rising consumer demand for robust, reliable devices that can withstand daily wear and accidental damage. This feature is especially important in mobiles, wearables, and tablets, as these devices are particularly vulnerable to scratches and water exposure.
Based on the geographical regions, the display market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and Rest of the World. According to our estimates, currently, North America captures the majority share of the market. This can be attributed to the strong demand for interactive displays in corporate, retail, and educational sectors due to their high resolution and enhanced audience engagement. Further, the presence of industry leaders with a diverse range of products contributes to the growth of the market in this region. However, the market share in Asia is anticipated to grow at a higher CAGR during the forecast period.
The report on the display market features insights on various sections, including: