Electronic Display Devices Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0099395
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 7.47 |
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The Electronic Display Devices Market size is estimated to grow at a CAGR of 7.92% between 2022 and 2032. The market size is forecast to increase by USD 4,567.21 million. The growth of the market depends on several factors, including the increasing demand for advanced display technologies, rising adoption of digital signage solutions, and the growing need for interactive displays in various industries. Electronic display devices refer to a range of devices that utilize electronic components to display visual information. They are widely used in sectors such as retail, healthcare, transportation, and entertainment to provide information, enhance communication, and engage audiences.
Electronic Display Devices Market Overview:
Drivers:
One of the key factors driving the electronic display devices market growth is the increasing demand for advanced display technologies. With the rapid advancements in display technologies, such as OLED (Organic Light Emitting Diode), QLED (Quantum Dot Light Emitting Diode), and MicroLED (Microscale Light Emitting Diode), there is a growing demand for high-resolution, vibrant, and energy-efficient display devices. These advanced technologies offer improved color accuracy, wider viewing angles, and higher contrast ratios, enhancing the visual experience for users. The increasing adoption of smartphones, tablets, and smart TVs further fuels the demand for electronic display devices.
Moreover, the rising adoption of digital signage solutions is also driving the market growth. Digital signage displays are widely used in various industries, including retail, hospitality, and transportation, to deliver targeted advertising, information, and interactive experiences to customers. These displays offer dynamic content management, real-time updates, and remote control capabilities, providing businesses with a powerful tool to engage and communicate with their target audience. The growing focus on enhancing customer experience and improving brand visibility is driving the demand for digital signage solutions, thereby boosting the electronic display devices market.
Trends:
A key trend shaping the electronic display devices market is the increasing demand for interactive displays. Interactive displays enable users to directly interact with the displayed content through touch, gestures, or stylus input. They are widely used in sectors such as education, healthcare, and entertainment to facilitate collaborative learning, interactive presentations, and immersive experiences. The integration of touch technology, gesture recognition, and augmented reality (AR) capabilities in electronic display devices is driving their adoption in various applications. Additionally, the use of curved displays and flexible displays is gaining popularity, offering unique design possibilities and enhanced viewing experiences.
Furthermore, there is a growing focus on energy efficiency and sustainability in the electronic display devices market. Manufacturers are developing display technologies that consume less power, reduce carbon emissions, and utilize eco-friendly materials. LED backlighting, for example, offers energy-efficient illumination for LCD (Liquid Crystal Display) panels, reducing power consumption and extending battery life in portable devices. The adoption of energy-efficient display technologies not only helps in reducing operational costs but also aligns with environmental regulations and sustainability goals.
Restraints:
One of the key challenges hindering the electronic display devices market growth is the high manufacturing cost of advanced display technologies. Technologies such as OLED and MicroLED require complex manufacturing processes and specialized equipment, leading to higher production costs compared to traditional display technologies. This cost factor may limit the adoption of advanced display devices, especially in price-sensitive markets or industries with budget constraints. However, ongoing research and development efforts are focused on reducing the manufacturing costs and improving the scalability of advanced display technologies.
Electronic Display Devices Market Segmentation By Application:
The retail segment is estimated to witness significant growth during the forecast period. Electronic display devices are widely used in retail environments for advertising, product promotion, and enhancing the overall shopping experience. Digital signage displays, interactive kiosks, and video walls are commonly deployed in retail stores to attract customers, provide product information, and create immersive brand experiences. The increasing competition in the retail industry and the growing demand for personalized marketing strategies are driving the adoption of electronic display devices in this segment.
The transportation segment is also expected to contribute to the market growth. Electronic display devices are extensively used in transportation systems, including airports, train stations, and bus terminals, to provide real-time information, wayfinding assistance, and entertainment to passengers. LED displays, LCD panels, and e-paper displays are commonly used in transportation applications, offering clear visibility, durability, and energy efficiency.
Electronic Display Devices Market Segmentation By Type:
The LED-based electronic display devices segment is expected to dominate the market during the forecast period. LED displays offer several advantages, including high brightness, wide color gamut, and long lifespan. They are widely used in applications such as outdoor advertising, stadium displays, and large-scale video walls. LED-based electronic display devices provide vibrant visuals, excellent visibility in various lighting conditions, and energy-efficient operation, making them a preferred choice for many industries.
Regional Overview:
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North America is estimated to contribute significantly to the growth of the global electronic display devices market during the forecast period. The region has a high adoption rate of advanced display technologies and a strong presence of key market players. The increasing demand for digital signage solutions, interactive displays, and smart devices further drives the market growth in North America.
Asia Pacific is also expected to witness substantial growth in the electronic display devices market. The region has a large consumer base, rapid urbanization, and increasing investments in infrastructure development. The growing adoption of smartphones, tablets, and smart TVs, coupled with the rising demand for digital signage in retail and transportation sectors, fuels the market growth in Asia Pacific.
Electronic Display Devices Market Customer Landscape:
The electronic display devices market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Electronic Display Devices Market Companies?
Companies are implementing various strategies, such as product launches, partnerships, mergers and acquisitions, and geographical expansion, to enhance their presence in the market.
Some of the major companies operating in the electronic display devices market include:
- Samsung Electronics Co., Ltd.
- LG Display Co., Ltd.
- Sharp Corporation
- Sony Corporation
- BOE Technology Group Co., Ltd.
- Innolux Corporation
- NEC Display Solutions, Ltd.
- Planar Systems, Inc.
- E Ink Holdings Inc.
- Universal Display Corporation
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The electronic display devices market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o Retail
o Transportation
o Others
- Type Outlook (USD Million, 2019 - 2032)
o LED-based
o LCD-based
o OLED-based
o Others
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Electronic Display Devices MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Electronic Display Devices MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Electronic Display Devices Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Electronic Display Devices MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. Electronic Display Devices MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. Electronic Display Devices MARKET REGIONAL OUTLOOK
7.1. Electronic Display Devices Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Electronic Display Devices Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America Electronic Display Devices Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America Electronic Display Devices Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America Electronic Display Devices Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America Electronic Display Devices Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
List of Tables and Figures
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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