According to a new market research report published by Credence Research, the global market for general display technologies is set to grow with a CAGR of 7.2% over the forecast period.
Display requires a display that offers visualized information to users, such as pictures, text and videos. Increased sales of mobile phones, laptops, tablets, smart watches and TVs are driving the general market for display technologies. In 2018, the global display market displayed robust growth with an average growth rate of 7.4% over the forecast period. Display is a key component which serves as an interface between the system and the user. Due to the increase in the use of touch-based technology, the demand for higher resolution and rapid response time, the general market for display technologies is set to grow at an increasing pace. As a result of these factors, we foresee an increase in the general market for display technologies.
Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/report/general-display-technologies-market
Depending on the product type, the OLED (Organic Light-Emitting Diode) segment will be market leader. The OLED segment is expected to grow significantly during the forecast period. In 2019, 373 Mn mobile phones are sold all over the world, which in turn drives the demand for OLED technology. OLED is one of the new display technologies that offer energy efficiency, thinness, bright color, legibility of sunlight and clear screen. Increased adoption of OLED technology in mobile phones and TVS will continue to increase the demand for general display technologies in the OLED field. In addition, investment in OLED technology manufacturing facilities has increased. All of these factors.
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Based on the geography, Asia Pacific governs the general display technologies market worldwide with over 40% of the total market revenue generated worldwide. Asia Pacific is expected to dominate the market during the forecast period with consistent electronics sector in China and India. Backed by industrial growth, lower manufacturing costs and government regulations for production in the region, general display technologies market shall flourish. Increase in disposable income and inclination towards consumer electronic product in the region shall drive the growth of general display technologies market. On account of concentrated production and high consumption Asia-Pacific shall continue to dominate the market. Further, presence of large number of global players contribute to the sales in this region. Due to these factors general display technologies market shall boom in the forecast period.
Some of the major companies profiled in the report include Liantronics, Leyard, Daktronics, Unilumin, Absen, Barco, Lighthouse, Yaham, Sansitech, Ledman, Samsung, Japan Display, LG Display, Apple Inc., Everdisplay Optronics, Truly International Holdings Ltd. (Hong Kong), Innolux, Panasonic, Tianma Microelectronics Co. Ltd. and others.
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