New York, NY -- (SBWIRE) -- 10/17/2017 -- Embedded displays are used to execute a color display interface which offers various features like a smart graphic user interface, embedded functionality and touch screens at a price that is affordable for mass production. Embedded displays also have the capability of saving power with greater efficiency and provide flexibility. There is a dramatic increase in the number of automated equipment and systems in various types of industries that has contributed to the growth of the embedded displays market. Besides, the technological advancements in the embedded display arena has contributed to the latest products with high end displays entering the market and contributing to the growth of such products. In addition, greater efficacy and low cost are also responsible for the growth of this market. Moreover, there is an increased usage of embedded display in the 3D systems and this is creating a lot of opportunities for growth in the embedded displays market.
According to the assessment of Persistence Market Research, the global embedded display market is forecasted to reach a figure of about US$ 18,800 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
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North America Market Set to Dominate the Global Embedded Display Market in Terms of Revenue
The market in North America is set to dominate the global embedded display market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America embedded display market is the most attractive market, growing at a robust CAGR over the forecast period.
LED Display Type Segment Slated to Touch a Value of About US$ 4,750 Mn in 2022
According to the projections of Persistence Market Research, the LED display type segment is expected to reach a value of about US$ 4,750 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The LED display type segment is estimated to account for more than one-fourth of the revenue share of the display type segment by the end of the year 2017 and is expected to lose in market share by 2022 over 2017.
Wearable Devices Segment to Exhibit a CAGR of Nearly 16% During the Assessment Period
According to the assessment of Persistence Market Research, the wearable devices segment is poised to touch a figure of about US$ 1,350 Mn in the year 2022. This signifies a CAGR of nearly 16% during the assessment period from 2017 till the year 2022. The wearable devices segment is estimated to account for nearly one-tenth of the revenue share of the application segment by the end of the year 2017 and is projected to gain market share by 2022 over 2017.
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4 Forecast Highlights on Global Embedded Display Market
As per the forecast of Persistence Market Research, the LCD display type segment is slated to touch a value of nearly US$ 5,450 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The LCD display type segment is estimated to account for nearly one-third of the revenue share of the display segment by the year 2017 and is forecasted to lose market share by 2022 over 2017.
As per the forecast of Persistence Market Research, the OLED display type segment will reach a value of about US$ 1,600 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The OLED display type segment is forecasted to account for nearly one-fifth of the total revenue share of the display type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the industrial automation systems segment is slated to reach a value of more than US$ 2,900 Mn in 2022. The industrial automation systems segment is expected to lose market share by the end of the year 2022. The largest share is contributed by the North America region in the industrial automation systems segment.
Persistence Market Research forecasts the U.S. embedded display market to exhibit a compound annual growth rate (CAGR) of nearly 13% from 2017 to 2022.