PUBLISHER: The Business Research Company | PRODUCT CODE: 1730967
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730967
Next-generation displays are advanced display technologies designed to deliver superior performance, enhanced visual quality, and improved energy efficiency compared to traditional display systems. These displays incorporate cutting-edge innovations in resolution, brightness, contrast, flexibility, durability, and power consumption, catering to a wide range of applications. By transforming the electronics industry, next-generation displays enhance user experiences while promoting more sustainable, efficient, and versatile display solutions.
The primary technologies in next-generation displays include quantum dot display (QD-LED), field emission display (FED), laser phosphor display (LPD), organic light-emitting diode (OLED), organic light-emitting transistor (OLET), surface-conduction electron-emitter display (SED), and other emerging technologies. A quantum dot display (QD-LED) utilizes tiny semiconductor particles called quantum dots to produce vivid and bright colors, enhancing color accuracy and energy efficiency. The materials used in these displays include substrates, polarizers, liquid crystals, color filters, and other components, with resolutions such as 3840x2160, 4096x2160, 3996x2160, 5120x3200, and 5120x2160. These displays are widely used in various industries, including consumer electronics, mobile phones, industrial applications, medical devices, e-readers, TVs and monitors, defense and aerospace, automotive, movie and entertainment, and other sectors.
The next-generation display, market research report is one of a series of new reports from The Business Research Company that provides next-generation display, market statistics, including next-generation display, industry global market size, regional shares, competitors with a next-generation display, market share, detailed next-generation display, market segments, market trends and opportunities, and any further data you may need to thrive in the next-generation display, industry. This next-generation display, market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The next-generation display market size has grown rapidly in recent years. It will grow from $209.99 billion in 2024 to $231.74 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth observed in the historic period can be attributed to the increasing demand for high-resolution screens, the widespread adoption of organic light-emitting diode (OLED) and liquid-crystal display (LCD) technologies, rising smartphone penetration, the expansion of the gaming and entertainment industry, and growing investments in research and development.
The next-generation display market size is expected to see rapid growth in the next few years. It will grow to $339.10 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The projected growth in the forecast period is expected to be driven by the rising demand for augmented reality (AR) and virtual reality (VR) applications, the expansion of the metaverse, the increasing adoption of microLED and quantum dot displays, the growing integration of displays in automotive systems, and a heightened focus on energy-efficient display solutions. Key trends anticipated during this period include the development of ultra-thin and lightweight displays, continuous advancements in display technology, the integration of displays in smart home environments, improvements in blue light reduction technology, and innovations in flexible and foldable screens.
The growing demand for consumer electronics is anticipated to drive the expansion of the next-generation display market. Consumer electronics, which are devices used daily for personal and household purposes, focus on communication, entertainment, and convenience. This surge in demand is driven by rapid technological advancements and the increasing dependence on smart devices in everyday life. As technology progresses, consumers continually seek the latest innovations in smartphones, laptops, smart TVs, and wearables, leading to regular upgrades and replacements. Next-generation displays are transforming consumer electronics by offering superior visuals, innovative designs, energy efficiency, and improved interactivity, shaping the future of smart devices, entertainment, and digital communication. For example, according to the Japan Electronics and Information Technology Industries Association, Japan's consumer electronics production reached $204.75 million (¥32,099 million) in May 2023, a significant increase from $161.17 million (¥25,268 million) in May 2022. This growing demand for consumer electronics is fueling the growth of the next-generation display market.
Key players in the next-generation display market are concentrating on creating innovative technologies, such as OLED, to enhance picture quality, resolution, and user experience. Organic light-emitting diode (OLED) technology uses organic compounds that emit light when an electric current is passed through them. For example, in May 2024, LG Display Co. Ltd., a South Korean display manufacturer, launched a variety of next-generation OLED and advanced display technologies. These included organic light-emitting diode on silicon (OLEDoS) for virtual reality (VR), large-sized OLED panels with improved picture quality, and automotive display solutions designed for software-defined vehicles (SDVs). OLEDoS for VR provides higher screen brightness and resolution than existing standards. Despite being only 1.3 inches in size, about the size of a coin, it delivers a display brightness of 10,000 nits and a sharp resolution of nearly 4,000 ppi, comparable to 4K quality. Additionally, it covers over 97% of the DCI-P3 color standard, offering a more realistic virtual reality experience with high-quality visuals.
In May 2022, Google LLC, a US-based technology company, acquired Raxium, Inc., a company specializing in single-panel MicroLED display technologies, for an undisclosed amount. Through this acquisition, Google aims to bolster its hardware efforts by utilizing Raxium's expertise in miniaturized, cost-effective, and energy-efficient MicroLED display technologies.
Major players in the next-generation display market are Apple Inc, Samsung Electronics, Sony Electronics Inc, Panasonic Corporation Co Ltd, BOE Technology Group Co Ltd, Merck KGaA, LG Display, Sharp Corporation, Koninklijke Philips NV, Corning Incorporated, DuPont Inc, eLux Inc, AUO Corporation, Innolux Corporation, KYOCERA Corporation, Japan Display Inc, Universal Display Corporation (UDC), Xi'an NovaStar Tech Co Ltd, Plessey Semiconductors, FlexEnable Limited, Novaled GmbH, Visionox Company, Nanoco Group plc, JBD Inc, Shoei Electronic Materials Inc.
North America was the largest region in the next-generation display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in next-generation display report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the next-generation display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The next-generation display market consists of revenues earned by entities providing services such as energy-efficient performance, touch and gesture interactivity, and faster refresh rates for smooth visuals. The market value includes the value of related goods sold by the service provider or included within the service offering. The next-generation display market also includes sales of reflective displays, thick film dielectric electroluminescent display, and photonic crystal displays. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Next-Generation Display Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on next-generation display market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for next-generation display ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The next-generation display market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.