Dallas, TX -- (SBWIRE) -- 01/27/2014 -- According to a new market research report, “Display Market (2012 – 2017) By Technology [E-Paper, OLED, LED, LCD, DLP, Lcos, Plasma], TYPE [Conventional, Flexible, Transparent, 3D], Applications [Consumer Appliances, Home Appliances, Automotive, Industrial, Healthcare, Others] & Geography”, the total global display market is expected to reach $164.24 billion by 2017, at a CAGR of 3.1% from 2012 to 2017.
Global display applications’ market is expected to reach $164.24 billion by 2017, at an estimated CAGR of 3.1% from 2012 to 2017 and with consumer application contributing to the global display application market with a share of 62.71% in 2017 from 64.27% in 2012, a decline of 1.58%. North America is the leading region in the overall display market; followed by Europe and APAC. In ROW, Middle East and Africa are the largest contributors.
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The major technologies that will contribute more to the global display market are OLED, E-ink, DLP, LCoS expected to grow at a CAGR greater than 30% while TFT-LCD and LED technologies will grow at a CAGR of less than 20%, all from 2012 to2017. The display type includes conventional display, flexible display, transparent display, and 3D display. Among these, flexible display type is projected to increase its market share in next 5 years down the line. The market for conventional display will not witness much growth as compared to the other display types. While transparent display will not see any growth until 2013 because of it being in development stage, it will catch up pace in late 2014-15, growing at a CAGR of 91.1% with increase in demand for it only after it is commercially successful. 3D display has made its point to continue to provide the display needs in healthcare application segment and will grow at a CAGR of 26.1% from 2012-2017.
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isplay industry has been witnessing a massive transformation since the past couple of years. Companies are coming up with advanced display technologies like plasma, LED, LCD, and OLED. LCD has revolutionized the display industry; it has become the most popular technology in the present scenario. OLEDs are the next big display technologies and have already started penetrating the display market with electronics giants such as Samsung Electronics using the technology in its Smartphone. Many multinational companies such as Panasonic, Toshiba, Sharp, Sony, and HP are investing heavily in R&D activities for more innovations and product development involving display technologies.
The report revolves around the display technologies and types. The changing trend from conventional flat panel display to flexible to 3D to transparent display types has resurfaced consumer taste and preferences as the ultimate decision maker. Consumer appliances are major contributors to the global display type with contribution of 64.27% in 2012 worth $90.48 billion.
Market dynamics of display market is provided in this report, which comprises drivers, restraints, and opportunities. The driving factor for this market is growing “consumer goods” industry (consumerism). The hindrances or restraints for this market are financial support, cost involved in manufacturing different display technology/type, R&D and commercial success, adaptability and acceptance by consumer across the globe. Competitive pricing and design also challenges the scope of the technology and type of display. Since technologies such as OLED, E-Ink, and display type comprising 3D, flexible, and transparent are at novelty stage, there is a wide scope of opportunities for overall display market. This report also throws light on burning issues and winning imperatives for global display market.
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