The Business Research Company’s report on the Next-Generation Display Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the next-generation display market’s growth in recent years?
The increasing demand for consumer electronics is expected to drive the growth of the next-generation display market going forward. Consumer electronics are electronic devices designed for everyday personal and household use, focusing on communication, entertainment, and convenience. The increasing demand for consumer electronics is due to the rapid advancement of technology and the growing reliance on smart devices in daily life. As technology evolves, consumers seek the latest innovations in smartphones, laptops, smart TVs, and wearables, driving consistent upgrades and replacements. Next-generation displays are revolutionizing consumer electronics by offering better visuals, innovative designs, energy efficiency, and enhanced interactivity, shaping the future of smart devices, entertainment, and digital communication. For instance, in May 2023, according to the Japan Electronics and Information Technology Industries Association, a Japan-based trade association, the total consumer electronics production reached $204.75 million (¥32,099 million) in May 2023, compared to $161.17 million (¥25,268 million) in May 2022. Therefore, the increasing demand for consumer electronics is driving the growth of the next-generation display market.
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How does the future projection of the next-generation display market size compare to its historical growth?
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 in the historic period can be attributed to growing demand for high-resolution screens, rising organic light emitting diode (OLED) and liquid-crystal display (LCD) adoption, increasing smartphone penetration, expansion of the gaming and entertainment industry, and growing investment 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 growth in the forecast period can be attributed to rising demand for augmented reality (AR) and virtual reality (VR) applications, the growth of the metaverse, increasing adoption of microLED and quantum dot displays, surging automotive display integration, and increasing focus on energy-efficient display solutions. Major trends in the forecast period include the development of ultra-thin and lightweight displays, advancements in display technology, the integration of displays in smart homes, advancements in blue light reduction technology, and advancements in flexible and foldable screens.
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Which key players are shaping the future of the next-generation display market?
Major companies operating 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
What trends will propel the growth and evolution of the next-generation display market?
Major companies operating in the next-generation display market are focusing on developing innovative technology, such as OLED technologies, to improve picture quality, resolution, and user experience. Organic light-emitting diode (OLED) technologies refer to display technology that uses organic compounds to emit light when an electric current is applied. For instance, in May 2024, LG Display Co. Ltd., a South Korea-based display manufacturer, launched a range of next-generation OLED and advanced display technologies. This launch includes organic light-emitting diode on silicon (OLEDoS) for vertical reality (VR), large-sized OLED panels with enhanced picture quality, and automotive display solutions optimized for software defined vehicles (SDV). OLEDoS for VR is being introduced, offering higher screen brightness and resolution than current standards. Although it is only 1.3 inches, about the size of a coin, it delivers a highly bright display of 10,000 nits and a sharp resolution of around 4,000 ppi, similar to 4K quality. It also covers over 97% of the DCI-P3 color standard, creating more realistic virtual reality with top-quality visuals.
Which regions are expected to become dominant players in the next-generation display market?
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 the next-generation display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the next-generation display market, and how are they evolving?
The next-generation display market covered in this report is segmented –
1) By Technologies: 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), Other Technologies
2) By Material: Substrate, Polarizer, Liquid Crystal, Color Filter, Other Materials
3) By Resolution: 3840×2160, 4096×2160, 3996×2160, 5120×3200, 5120×2160
4) By Application: Industrial, Consumer Electronics, Mobile Phones, Medical, E-Reader, TV And Monitors, Defense And Aerospace, Automotive, Movie And Entertainment, Other Applications
Subsegments:
1) By Quantum Dot Display (QD-LED): QD-OLED, QD-LCD
2) By Field Emission Display (FED): Flat Panel FED, Curved Panel FED
3)By Laser Phosphor Display (LPD): Single-Color LPD, Multi-Color LPD
4) By Organic Light-Emitting Diode (OLED): Flexible OLED, Rigid OLED
5) By Organic Light-Emitting Transistor (OLET): Small Molecule OLET, Polymer OLET
6) By Surface-Conduction Electron-Emitter Display (SED): Full-Color SED, Black-and-White SED
7) By Other Technologies: MicroLED, Electroluminescent Display, Plasma Display
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How is the next-generation display market defined, and what are its core characteristics?
Next-generation displays refer to advanced display technologies that offer improved performance, enhanced visual quality, and greater energy efficiency than traditional display systems. These displays incorporate cutting-edge innovations in resolution, brightness, contrast, flexibility, durability, and power consumption, catering to various applications. Next-generation displays revolutionize the electronics industry by enhancing user experiences and enabling more sustainable, efficient, and versatile display solutions.
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