Electronic display market set to reach $216.46 billion by 2032 with innovations like OLED, micro-LED
From GlobeNewswire: 2024-12-02 09:00:00
The electronic display market was valued at USD 161.40 Billion in 2023 and is projected to reach USD 216.46 Billion by 2032, growing at a CAGR of 3.36%. The market is witnessing unprecedented growth driven by innovations in technologies like OLED, micro-LED, and QLED displays, meeting consumer demands for high-quality visuals and interactive features.
With approximately 7.21 billion smartphones and 228 million smartwatch users globally in 2024, the demand for high-resolution displays is on the rise. Manufacturers are focusing on technologies like ultra-high-definition (4K and 8K) displays to enhance entertainment and gaming experiences. The electronic display market is expanding rapidly across consumer electronics, automotive, and industrial applications.
The LCD segment dominated the market with a 38% share in 2023, driven by affordability and adaptability. Consumer electronics held a 55% market share, with OLED and AMOLED technologies boosting visual experiences. Asia-Pacific led the market in 2023, with North America expected to grow rapidly from 2024 to 2032, driven by the adoption of advanced display technologies.
Recent developments include Samsung’s MICRO LED models, LG Display’s innovative OLED products, and BOE Technology’s flexible micro-LED panels for wearables. The electronic display market continues to innovate and grow, catering to the increasing demand for vibrant visuals and superior functionality across various industries. The Electronic Display Market is segmented by technology, application, and end user in a new report. Regional analysis and company profiles are included, along with use cases and best practices. Access the full report for insights on market growth and outlook from 2024 to 2032. SNS Insider offers customized research services for more information.
Read more at GlobeNewswire: Electronic Display Market Size to Worth USD 216.46 Billion