WESTFORD, Mass., July 25,
2024 /PRNewswire/ -- According to SkyQuest, the
global Display Market size was valued at USD 152.46 billion in 2022 and is expected to
grow from USD 157.8 Billion in 2023
to reach USD 207.79 Billion by 2031,
at a CAGR of 3.5% during the forecast period (2024-2031).
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The display market is a continuously changing sector that
consists of a wide range of technologies and benefits. With the
advancement of innovative display technologies such as OLED, LED,
and micro-LED the market is prepared to take-off with the rising
trend of high-resolution displays and memorable watching
experience. One of the primary reasons for the massive growth of
the display market is rapid technological advancement. This has
helped the customers to get better visuals and performance. One of
the major roles of the display market is to offer diverse visual
interfaces for several devices like tablets, smartphones, screens
for television, monitors, and car displays. It also helps to make
the interaction among users' fun and entertaining. Customers have
also started to demand for displays with increased resolutions,
vibrant colors, and higher level of brightness. This has encouraged
the manufacturers to be innovative and build highly advanced
display technologies.
Download a detailed overview:
https://www.skyquestt.com/sample-request/display-market
Display Market Overview:
Report
Coverage
|
Details
|
Market Revenue in
2023
|
$ 157.8
Billion
|
Estimated Value by
2031
|
$ 207.79
Billion
|
Growth
Rate
|
Poised to grow at a
CAGR of 3.5%
|
Forecast
Period
|
2024–2031
|
Forecast
Units
|
Value (USD
Billion)
|
Report
Coverage
|
Revenue Forecast,
Competitive Landscape, Growth Factors, and Trends
|
Segments
Covered
|
Display Technology,
Resolution, Panel Size, Panel Type, Dimension, Product, Vertical
and Region
|
Geographies
Covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, Latin
America
|
Report
Highlights
|
High demand for
customizable display application for better flexibility
|
Key Market
Opportunities
|
Rising trend of
user-friendly interfaces for intuitive interaction
|
Key Market
Drivers
|
Increasing need for
adaptable solutions to integrate with other devices
|
Segments covered in Display Market are as
follows:
- Display Technology
-
- LCD, OLED, Micro-LED, Direct-View LED, Quantum Dot Display,
E-Paper Display, Digital Light Processing, Projection Cubes,
Others
- Resolution
-
- 8K, 4K, FHD, HD, Lower than HD
- Panel Size
-
- Micro display, Small and Medium size Panels, Large Panels
- Panel Type
-
- Fixed Panel, Flexible Panel
- Dimension
-
- Product
-
- Smartphones, Television Sets, Monitors & Laptops, Digital
Signage & Large Formal Displays, Automotive Displays, Tablets,
Wearables (Smart Watches, AR HMDs, VR HMDs, Others)
- Vertical
-
- Consumer electronics, Automotive, Sports & Entertainment,
Transportation, Retail, Hospitality & BFSI, Industrial,
Education, HealthCare, Aerospace & Defense, Others
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/display-market
High Usage of LED Displays in Applications for Providing
Higher Resolutions to Promote Growth
LED technologies have started utilizing light emitting diodes as
light sources so that it can develop efficient lighting and
displays. It is used in many applications like mobile devices,
video walls, TVs, and digital billboards it offers high resolution
pictures. In recent times, LED displays have become one of the most
used display methods in multiple applications. The latest
development in the market was to create miniaturization of the
components necessary to make a led screen. This has immensely
influenced the advent of the LED screens by becoming thinner and
more extended in size.
Technological Development in Display Features to Enhance
Visual Clarity to Augment Growth
In the last few years, the display features have witnessed huge
technological advancements that can be used for improving visual
clarity, responsiveness, and functions. These innovations include
higher resolutions like 4K and
8K, faster refresh rates, enhanced
colour preciseness, and better viewing angle. Displays have also
made technological progress by integrating high dynamic range and
organic light-emitting diode panels to get better blacks and bright
colors. It also has curved and flexible displays so that customers
can enjoy immersive viewing experience. These developments have
immensely contributed in creating displays that provide better
quality image, versatility, and interactivity. It has helped them
to cater to the increasing requirement of users in various
industries.
View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/display-market
Growing Use of Smart Displays for Better Interaction to
Expand the Market
The popularity of smart displays is increasing in households and
businesses because they have voice and touch control. These
solutions implement internet connectivity and interactive features
that has changed them from passive screens to an active information
center. In today's technologically driven world these gadgets offer
advanced interactivity and incorporation with other smart home or
IoT devices. This trend is primarily driven by the increasing
acceptance of smart homes and connected devices, driving the
display market.
Related Report:
Augmented, Virtual and Mixed Reality Market
Digital Signage Market
Smart Display Market
Medical Display Market
Flexible Display Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and
Accelerator of Technology and assets. We provide access to
technologies, markets and finance across sectors viz. Life
Sciences, CleanTech, AgriTech, NanoTech and Information &
Communication Technology.
We work closely with innovators, inventors, innovation seekers,
entrepreneurs, companies and investors alike in leveraging external
sources of R&D. Moreover, we help them in optimizing the
economic potential of their intellectual assets. Our experiences
with innovation management and commercialization has expanded our
reach across North America,
Europe, ASEAN and Asia Pacific.
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/
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SOURCE SkyQuest Technology