The global electronic display market size was valued at USD 313.5 billion in 2014. Technological advancements, expansion of the consumer electronics industry, and increasing applications across different end-use segments are expected to drive the global market growth.
Asia Pacific Electronic Display Market Revenue by Technology, 2012 - 2022 (USD Billion)
The industry has evolved significantly over the last few years owing to several new technological developments. The emergence of advanced consumer electronics such as smartphones, tablets, smart wearables, and smart televisions is expected to drive the market over the next seven years. Moreover, increasing purchasing power across different sections of society has opened up greater avenues for industry growth.
Manufacturers are bound to follow regulations such as the Waste Electronics and Electrical Equipment (WEEE)and Restriction of Hazardous Substances (RoHS) standards. These standards intend to decrease the amount of harmful e-waste and handle critical issues such as reclamation & recycling of such devices.
The development of cutting-edge high-resolution display technologies such as OLED and AMOLED in consumer electronic devices has positively affected the industry. However, the adoption of such innovative technologies involves high initial costs resulting in an increase in the cost of the device and may hinder the market growth over the next few years.
LCD displays have dominated the market over the last few years. The segment accounted for over 35% of the total industry revenue share owing to the increasing applications in consumer electronics devices such as TVs, and personal computers. However, advanced LED and OLED display technologies are increasingly gaining popularity due to high operational reliability and suitability towards various applications.
These electronic technologies are widely used in digital signage applications and smart devices such as phones, tablets, and wearables. Manufacturers are increasingly shifting from rigid OLED displays to flexible AMOLED displays to differentiate their product offerings from rigid LCD and AMOLED displays used in various device applications.
Display forms an essential component in every other consumer electronic device and acts as an interface between the user and the device. The consumer electronics application segment accounted for over 50% of the overall revenue in 2014 and is projected to grow steadily over the forecast period.
Large scale adoption of digital signage across different end-use segments is expected favorably impact the market. Key developments such as advanced digital signage 2.0 that displays data by moving the infographics are widely used across the retailing industry thus resulting in the enrichment of the business strategy, brand using impressive aesthetics.
Advanced electronic displays are extensively used in a range of end-use segments including retail, entertainment, corporate, healthcare, and government. The entertainment end-use segment accounted for approximately 30% of the overall revenue in 2014. Significant expansion of console and mobile gaming industry has significantly contributed to the growth of the segment.
Additionally, increasing use of digital signage in the retailing industry coupled with surging adoption of modern the m-commerce retailing has made it the fastest-growing application segment in the industry.
Asia Pacific regional market is estimated to dominate the global electronic displays industry amounting to over 140 billion in 2014. Lower manufacturing costs combined with less stringent government regulations in the region has led major technology giants to establish manufacturing bases in the region, thus driving the regional industry growth.
North America is expected to be the flourishing regional market and is expected to grow over the forecast period. High disposable incomes and improved lifestyle amongst the people is expected to generate a steady demand for such advanced display based applications.
Companies dominating electronic display market share include ActiveLight Inc., AU Optronics, Casio Computers Co. Ltd., LG Electronics, Toshiba Corporation, Sony Corporation, and Zenith Electronics Corporation. Vendors are adopting strategies such as innovation and product differentiation by stepping up R&D budgets in order to gain a competitive advantage over their competitors.
Consumer electronics and smartphone producers are establishing alliances with display technology manufacturers in order to outsource the manufacturing of electronic display related components. For instance, Apple Inc. is known to procure advanced OLED screens for its flagship iPhone models from LG Display Co Ltd and the panel-making unit of Samsung Electronics Co Ltd since these screens offer better picture quality and they are thinner than the mainstay liquid crystal display screens.
Report Attribute |
Details |
Market size value in 2020 |
USD 586.9 billion |
Revenue forecast in 2022 |
USD 733.7 billion |
Growth Rate |
CAGR of 11.5% from 2015 to 2022 |
Base year for estimation |
2015 |
Historical data |
2013 - 2015 |
Forecast period |
2015 - 2022 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2015 to 2022 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Technology, application, end-use, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Korea; Taiwan; Brazil; Mexico; Saudi Arabia; UAE |
Key companies profiled |
ActiveLight Inc.; AU Optronics; Casio Computers Co. Ltd.; LG Electronics; Toshiba Corporation; Sony Corporation; Zenith Electronics Corporation |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
b. The global electronic display market size was estimated at USD 523.1 billion in 2019 and is expected to reach USD 586.9 billion in 2020.
b. The global electronic display market is expected to grow at a compound annual growth rate of 11.5% from 2015 to 2022 to reach USD 733.7 billion by 2022.
b. Asia Pacific dominated the electronic display market with a share of 50.0% in 2019. This is attributable to lower manufacturing costs combined with less stringent government regulations in the region leading to major technology giants establishing its manufacturing bases in the region.
b. Some key players operating in the electronic display market include ActiveLight Inc., AU Optronics, Casio Computers Co. Ltd., LG Electronics, Toshiba Corporation, Sony Corporation, and Zenith Electronics Corporation.
b. Key factors that are driving the market growth include Technological advancements, expansion of the consumer electronics industry, and increasing applications across the different end-use segments.
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In order to ensure business continuity amidst the COVID-19 crisis, business organizations, especially in highly affected countries are allowing their employees to work from home. The increase in people working from home has led to a surge in demand for online video viewing, downloading, and communication through video conferencing, all of which are leading to increased network traffic and data usage. COVID-19 shall accelerate the demand for agile and flexible work styles and further push the adoption of communication services that tend to improve work-life balance. On the flip side, telecom regulators worldwide have postponed their plans of 5G spectrum auction amidst the global pandemic. This is expected to have an impact on the commercialization of commercial 5G standalone deployments and revenue generated through 5G services. The ongoing pandemic has forced telecom operators worldwide to test their network resiliency and revisit their planned investments, especially in 5G technology. The report will account for Covid19 as a key market contributor.
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