Display Panel Market, By Technology (LCD and OLED), By Size (Small and Medium and Large), By Form Factor ( Flat Panel and Flexible Panel), By Resolution (8K, 4K, and HD (HD, WQHD, and FHD)), By Application (TV, Tablet and Mobile Phone, Monitor, Digital Signage, and Automotive), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI367419 | Publish Date: March 2024 | No. of Pages: 169

Global Display Panel Market By Overview

Introduction

Display Panel Market was valued at US$ 89.5 Billion in 2024 and is projected to grow at a CAGR of 12.70% to reach US$ 266.7 Billion by 2034.

Display panels include screens that project information such as videos, images, and texts. These display panel makes use of numerous technologies such as liquid crystal display (LCD), light-emitting diode (LED), organic light emitting diode (OLED), and others. It has wide applications in consumer electronic devices such as laptops, TV, tablets, laptops, smart watches, and others.

Growing consumer demand for large LCD televisions, increasing screen size of smartphones, and growth in the development of automotive displays are some of the factors driving growth of the global display panel market. According to data published by Pew research Center in 2019, it is accounted that more than 5 billion people have mobile devices, and over half of these connections are smartphones. In addition, major companies are focusing on high-resolution, slim smartphone designs, ultra-slim LCD TVs, and better user interface and touchscreen for automotive display. These factors are expected to boost growth of the global market over the forecast period. Further, growing usage of flat panels for the adoption of new technologies in the education sector is propelling growth of the target market. However, high cost of the latest display technologies such as quantum dot displays and transparent display stagnant growth of desktop PCs, tablets and notebook, thus restraining growth of the global market. Nevertheless, various upcoming features and applications in the flexible display panel devices are anticipated to create lucrative growth opportunities for the global market.

The display panel market is segmented based of technology, size, form factor, resolution, application, and region.

Based on technology, the global display panel market is segmented into LCD and OLED. OLED technology segment is expected to dominate the global market over the forecast period, owing to growing adoption of OLED displays in smartphones. Additionally, high demand for flexible display panels and rising government initiatives toward the construction of new OLED panels. Based on size, the global market is bifurcated into small and medium and large. On the basis of form factor, the target market is classified into flat panel and flexible panel. Based on resolution, the target market is segmented into 8K, 4K, and HD (HD, WQHD, and FHD). On the basis of application, the target market is bifurcated into TV, tablet and mobile phone, monitor, digital signage, and automotive.

Based on region the global display panel market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-pacific is anticipated to grow at the highest CAGR rate over the forecast period. Asia-pacific is the leading region in terms of consumption and production of display panels. Rising demand for display panels in countries such as China, Japan, and South Korea is the major factor for Asia-pacific dominance in the global market. Several key manufacturers of the display panel manufacturers are based in this region.  China is accounted to hold highest share of the market over the forecast period due to several display panel manufacturers in the country with robust display panel manufacturing capabilities.

Key players operating in the global display panel market includes LG Display Co. Ltd., Samsung Electronics Co. Ltd., Xiaomi, Japan Display Inc., Hannstar Display Corporation, E Ink Holdings Inc., Corning Incorporated, Kent Displays Inc., NEC Display Solutions, and Sony Corporation. For instance, in February 2018, Xiaomi has launched its 55 inches LED TV, for which the demand spiked among consumers. This is expected to raise demand for a display panel, thereby driving the global market growth.

Detailed Segmentation:

Global Display Panel Market, By Technology:

  • LCD
  • OLED

Global Display Panel Market, By Size:

  • Small and Medium
  • Large

Global Display Panel Market, By Form Factor:

  • Flat Panel
  • Flexible Panel

Global Display Panel Market, By Resolution:

  • 8K
  • 4K
  • HD (HD, WQHD, and FHD)

Global Display Panel Market, By Application:

  • TV
  • Tablet and Mobile Phone
  • Monitor (Desktop and Notebook PC)
  • Digital Signage
  • Automotive

Global Display Panel Market, By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profile:

  • LG Display Co. Ltd.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
  • Samsung Electronics Co. Ltd.
  • Xiaomi
  • Japan Display Inc.
  • E Ink Holdings Inc.
  • Hannstar Display Corporation
  • Corning Incorporated
  • Kent Displays Inc.
  • NEC Display Solutions
  • Sony Corporation

“*” marked represents similar segmentation in other categories in the respective section

Global Display Panel Market By Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Size
      • Market Snippet, By Form Factor
      • Market Snippet, By Resolution
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  4. Global Display Panel Market, By Technology, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • LCD
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • OLED
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  5. Global Display Panel Market, By Size, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Small and Medium
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Large
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  6. Global Display Panel Market, By Form Factor, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • Flat Panel
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Flexible Panel
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  7. Global Display Panel Market, By Resolution, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • 8K
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • 4K
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • HD (HD, WQHD, and FHD)
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  8. Global Display Panel Market, By Application, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Segment Trends
    • TV
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Tablet and Mobile Phone
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Monitor
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Digital Signage
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
    • Automotive
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
  9. Global Display Panel Market, By Region, 2019 – 2029, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
      • Y-o-Y Growth Analysis (%), 2019 – 2029
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Form Factor, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Resolution, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Form Factor, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Resolution, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Form Factor, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Resolution, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Form Factor, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Resolution, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Technology, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Size, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Form Factor, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Resolution, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
      • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  11. Company Profiles
      • LG Display Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Samsung Electronics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Xiaomi
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Japan Display, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Hannstar Display Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • E Ink Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Corning Incorporated
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Kent Displays, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • NEC Display Solutions
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
      • Sony Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
  12. Section
    • Research Methodology
    • About Us
    • Contact

FAQs

Display Panel Market accounted for US$ 89.5 Billion in 2024 and is estimated to be US$ 266.7 Billion by 2034 and is anticipated to register a CAGR of 12.70%.

The market report has been segmented on the basis of technology, size, form factor, resolution, application, and region.

The Display Panel Market is driven by factors such as the increasing demand for advanced display technologies, the growth of the consumer electronics industry, the adoption of high-resolution and flexible displays, and the rising popularity of OLED and AMOLED panels in various applications.

the high manufacturing costs associated with advanced display technologies, supply chain disruptions impacting production, and the environmental concerns related to the disposal of electronic waste, acting as restraints for the Display Panel Market globally.

North America, Europe, Asia-Pacific, and Latin America. Asia-Pacific, particularly countries like China, South Korea, and Japan, is expected to dominate the Display Panel Market, driven by the presence of major display panel manufacturers, extensive consumer electronics production, and ongoing technological advancements in the region.

The prominent player operating in the global display panel market includes LG Display Co. Ltd., Samsung Electronics Co. Ltd., Xiaomi, Japan Display Inc., Hannstar Display Corporation, E Ink Holdings Inc., Corning Incorporated, Kent Displays Inc., NEC Display Solutions, and Sony Corporation.