Albany, NY -- (SBWIRE) -- 03/11/2015 -- With our growing dependence on smart technologies and gadgets, display technologies have gained unprecedented prominence today. This factor has been largely responsible for the healthy growth in the display market over the last few years. But market analysts opine that despite the past growth, this sector is far from saturation. There still exists immense potential for the growth and development of the global display market.

Display technologies and applications are to be seen all around us-from healthcare devices and monitors to smartphones to televisions to entertainment products to industrial machines. In fact, display technologies are a dominating force in almost all of the aforementioned markets because these act as the interface for users.

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Display technologies largely sprouted in the technologically advanced markets of North America before proliferating in other key geographical regions such as Europe, Asia-Pacific, and other parts of the world. Thus, North America is a market leader today as far as the global display market is concerned. This market is closely followed by Europe and Asia-Pacific.

Segmenting the Global Display Market

The global display market can be broadly segmented based on three criteria – type of display, type of application, and type of technology.

Thus, based on the type of display, the market can be classified as transparent, conventional, flexible, and 3D displays. Technology-based segmentation could range from LCD, LED, OLED, Lcos, e-Paper, DLP, and plasma technologies. Furthermore, this market can also be classified based on the application types that define the display. There are a myriad of applications to which displays are integral. These include: consumer appliances, industrial, healthcare, home appliances, automotive, and so on.

The dynamics of this market are also largely defined by the changes taking place within the key geographical regions across the world. Thus, one can segment the market based on geographies into North America, Europe, Asia-Pacific, as well as the rest of the world that comprises geographical regions not included in the three aforementioned regions.

There are several factors that have a direct impact on the trends that define the global display market. These factors include but are not limited to:

The growth of the consumer goods industry
The demand for clear and improved image quality
A decline in the prices of display technologies as well as consumer electronics
An emerging gaming industry
The emergence and proliferation of 3D cinema

At the same time, there are a number of factors that have restrained the market, preventing it from growing faster than the current rates. These factors include concerns pertaining to manufacturing as well as the intense competition that prevails among technological giants in the display market.

However, despite these growth inhibitors, there are several applications where displays are used, and this will offer ample opportunities to players within this market.

There are a number of leading enterprises that have created a strong presence in the global display market. These firms include names such as Amtel Corporation, Kent Displays, Mitsubishi Electric Corporation, Sony Corporation, Samsung, AU Optronics, GE, DuPont Display, Cambridge Display Technology, and so on. In addition to these names, there are a number of emerging players that are expected to make a greater impact on the global display market in the coming months.

With the emergence of new technologies and continuous breakthroughs in the developed as well as emerging markets, this market is poised to remain one of the most dynamics markets in the world. Right from small enterprises to large multinational corporations, the display market has caught the attention of players worldwide. And, since this market continues to grow in significance, a lot more progress can be expected in the coming years.

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