Global Next Generation Display Market was worth US$ xx Bn. in 2019 and overall revenue is anticipated to rise at a rate of 11.5% from 2021 to 2027, reaching almost US$ xx Bn. in 2027.
Global Next Generation Display Market Overview:
The term “next-generation display” refers to the technology that distinguishes modern display technologies from older ones. Next-generation displays are more advanced than LCD and plasma displays, and they consume less energy. The size of the next-generation display market in 2020 is USD 155.71 Bn. These next-generation displays give us better performance and are useful in upgrading the displays of numerous items, such as e-readers. Next-generation screens are suited for a variety of environments and require little upkeep. Because of their great heat resistance, they are utilized in computer monitors, television screens, and other electronic devices. High resolution, greater display quality, and improved backlighting are all features of next-generation displays.
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2019 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2026. 2020 is a year of exception and analysed specially with the impact of lockdown by region.
Global Next Generation Display Market Dynamics:
The global next-generation display market is expected to grow at CAGR of xx% during the forecast period, due to the rising demand for technologically advanced displays in the entertainment sector. Other reasons expected to promote the growth of the target market are increased disposable income, changing lifestyles, and the development of technologically advanced electronic items.
Other factors projected to fuel revenue growth of the global next-generation display market include shifting trends in the display market, broader viewing angles, and high-resolution smartphones and tablets, displays, digital cameras, projectors, smart TVs, and camcorders are among the 4K technological products available. Because the demand for large screens is growing in the TV market, the smart TV market is likely to rise rapidly in the next three to four years.
The expensive cost of the materials utilized and the applications developed using this display, however, is projected to limit the industry’s growth.
Price reduction through mass production and low-cost fabrication are two potential market players. Filmmakers are increasingly using high-resolution photos, and this trend is expected to fuel the 4K industry in the future years. However, because 4K technology requires a lot of storage and a lot of bandwidth to broadcast such high-resolution videos and pictures, these requirements are hurdles for such next-generation technology.
Global Next Generation Display Market Segment Analysis:
Based on Technology, The market is segmented into OLED, IPS, TFT-LCD, and other technology types. In 2020, The OLED segment held the highest revenue share xx % and it is expected to grow at a quicker rate of xx% during the forecast period. OLED screens are in high demand due to advanced features such as high resolution, thin structure, and lightweight material.
Household demand for average and large-sized flat-panel TVs, as well as a growing need for small, high-resolution smart phones with large screens, is driving the global TFT-LCD display panel segment. The TFT-LCD display panel segment is also benefiting from the growing demand for portable and small-sized tablets in the educational and commercial sectors. The market is being driven by rising demand for vehicle displays, a booming gaming industry, and the rising popularity of 3D cinema. Despite fears about a market oversupply, shipments of large TFT-LCD display panels increased in 2020.
Based on Material, The market is segmented into the substrate, polarizer, color filter, liquid crystal, backlighting unit, emitter, organic layer, and encapsulation. In 2020, the emitter and organic layer sector was the largest stakeholder among the other material categories in the global market, with a strong CAGR of xx% over the forecast period. In 2020, the substrate sector had the second-largest share of the material segment.
Global Next Generation Display Market 1
Based on application, the market is segmented into smartphones, televisions and monitors, smart watches, automotive displays, laptops, and tablets. When compared to other application segments in the global market, television and monitor contributed a bigger revenue share. This can be linked to the growing popularity of large-screen displays. The laptop and tablet sector accounted for a significant percentage of sales and is expected to grow at a steady rate during the forecast period.
Global Next Generation Display market Regional Insights:
In 2020, the Asia Pacific market held the majority revenue share xx%, of the global market, and it is predicted to grow at a CAGR of xx% over the forecast period. China, Japan, and South Korea currently contribute the most income to the Asia-Pacific market. This is due to an increase in R&D projects, financial backing from governments and private investors, and an increase in the number of display material manufacturers and suppliers in the region.
North America is expected to grow at a moderate double-digit CAGR of xx% during the forecast period. The United States and Canada contributed the most revenue of North American market, respectively, and this trend is projected to continue during the forecast period. The growth of the next generation display materials market is being fueled by technological advancements and increased demand for OLED displays as a result of rising disposable income and changing lifestyles among consumers in the area.
Global Next Generation Display Market 2
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PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Leak Detection and Repair Market dynamics, structure by analyzing the market segments and projects the Leak Detection and Repair Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Leak Detection and Repair Market make the report investor’s guide.
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Global Next Generation Display Market 3
Global Next Generation Display Market, by Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Next Generation Display Market key player:
• Universal Display Corporation (UDC)
• Samsung Electronics
• Apple Inc.
• Doosan Corporation
• DowDuPont Inc.
• eLux, Inc.
• Idemitsu Kosan Co., Ltd.
• JBD Inc.
• LG Display Co., Ltd.
• Merck Group
• Nanoco Group plc
• Nanosys Inc.
• Novaled GmbH
• Optovate Limited
• PPG Industries Inc.
• Plessey Semiconductors
Frequently Asked Questions:
1) What was the market size of Global Next Generation Display markets in 2019?
Ans – Global Next Generation Display Market was worth US$ xx Bn in 2019.
2) What is the market segment of Global Next Generation Display markets?
Ans -The market segments are based on Technology, Material and Application
3) What is forecast period consider for Global Next Generation Display markets market?
Ans -The forecast period for Global Next Generation Display Market is 2021 to 2027.
4) Which are the worldwide major key players covered for Global Next Generation Display markets market report?
Ans – Philips, Sony, Universal Display Corporation (UDC), Kyocera, LG, Samsung Electronics, Nova, Apple Inc., Doosan Corporation, DowDuPont Inc., eLux, Inc., Idemitsu Kosan Co., Ltd., JBD Inc., LG Display Co., Ltd., Merck Group.
5) Which region is dominated in Global Next Generation Display markets Market?
Ans -In 2019, Asia pacific region dominated the Global Next Generation Display markets Market.
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