Display Panel Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Type of Display (LCD, OLED, Others); Resolution (8K, 4K, HD, Others); Application (Smartphones & Tablets, PC & laptops, Televisions, Others); Region/Country
Detailed Analysis of COVID-19 Impact on the Display Panel Market
Global Display Panel is Expected to Display an Elevated CAGR of ~10% over the forecast period (2021-2027)
The key factors that drive the market of a display factory are mother glass size, product size, panels per sheet, process yield, and operating efficiency. For example, to manufacture 820 million smartphone displays per year of 6-in diagonal size in Gen 6 fabs, approximately 380,000 (or 380K) MG sheets per month will be required to be processed at 85% yield and 85% operating efficiency. As an additional example, to manufacture 35 million TV displays per year of 55-in diagonal size in Gen 8.5 fabs, approximately 640,000 (640K) MG sheets per month will be required to be processed at 90% yield and 85% operating efficiency
Also, surging demand for smart consumer electronics, the emerging number of manufacturing facilities, and the low cost of labor in counties such as India, Pakistan, Bangladesh, etc., are some of the factors that are supporting the market growth of the display panel in the countries. Moreover, due to the low cost of manufacturing in the countries, numerous companies announced the establishment of their new OLED and LCD panel manufacturing plants.
Furthermore, the rising adoption of display devices in various industries, especially in countries such as China, India, and South Korea, is a key factor supporting the market growth. Moreover, due to the COVID-19 pandemic, the demand for smartphones and laptops has increased because of work-from-home norms. Also, financial and education institutions are adopting digital teaching methods. These factors are contributing to the increased demand for small- and large-scale displays for commercial and business purposes.
Total Price of Semiconductor & Electronics Component (Index)
are AU Optronics Corporation, BOE Japan Co. Ltd, Innolux Corporation, LG Display Co. Ltd, Samsung Electronics Co. Ltd, Panasonic Corporation, Sharp Corporation, Hisense Co. Ltd, Toshiba Corporation, Sony Corporation, etc., are some of the prominent players operating in the display panel market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with innovative products.
Insights Presented in the Report
“Amongst type of display, OLED segment to grab major market share”
Based on the type of display, the market is fragmented into LCD, OLED, and Others (AMOLED, MicroLED, etc) The OLED segment grabbed major market share in 2020 and dominated the market. The advantage of OLED displays such as s being light in weight and their flexibility, have enabled them to gain a competitive advantage over other segments. The OLED technology is recognized as a lighter and thinner alternative than conventional LED and LCD systems. In addition, OLED panels do not require any type of backlighting compared to LCD. Stable performance in sunlight is an additional advantage of OLEDs.
“Amongst resolution, 8K segment dominated the market in 2020”
Based on the resolution, the market is fragmented into 8K, 4K, HD, and Others. The 8K segment grabbed the major market share and dominated the market. 8k TVs have 4 times as many pixels as their 4k counterparts and a shocking 16 times as many pixels as a 1080p TV. These extra pixels should make a significant difference in picture quality. Moreover, the player is launching products with 8K resolution, n August 2019, Sharp Corporation launched the Sharp 8M-B80AX1U 80″ Class 8K Ultra HD LCD. This display offers ultimate high definition, conforming to the 8K Ultra HD standards and pixel resolution 16 times greater than Full HD and four times greater than 4K.
“Amongst application, smartphones and tables segment to dominate the market in forthcoming years”
Based on the application, the market is fragmented into Smartphones & Tablets, PC & laptops, televisions, and Others. The smartphones & tablets segment grabbed the XX% market share in 2020. and dominated the market. The growing adoption of smartphones coupled with the availability of phones and tablets at reasonable prices leads to the growth of the segment.
“Asia Pacific represents one of the largest markets of Display Panel market”
For a better understanding of the market adoption of the display panel market, the market is analyzed based on its worldwide presence in the countries such as North America (the United States and Canada), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. Asia Pacific region grabbed XX% market for the display panel Market industry and generated revenue of USD XX Million in 2020. However, the North America region would witness the highest CAGR during the forthcoming years
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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|1.4.||Currency used in Report|
|2.1.||Research Process of Display Panel|
|2.2.||Research Methodology of Display Panel|
|2.5.||Main Objective of Display Panel Study|
|5||GLOBAL DISPLAY PANEL COVID-19 IMPACT|
|6||GLOBAL DISPLAY PANEL REVENUE, 2019-2027F|
|7.3.||Others (AMOLED, MicroLED, etc)|
|9.1.||Smartphones and Tablets|
|9.2.||PC and Laptop|
|10.1.||North America Display Panel Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Display Panel Market|
|10.2.6.||Rest of Europe|
|10.3.||Asia Pacific Display Panel Market|
|10.3.5.||Rest of Asia Pacific|
|10.4.||Rest of World Display Panel Market|
|12||DISPLAY PANEL OPPORTUNITIES|
|13||DISPLAY PANEL TRENDS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|15.2.1.||Top Product Launches|
|15.2.2.||Top Business Partnerships|
|15.2.3.||Top Business Expansions, Investments and Divestitures|
|15.2.4.||Top Merger and Acquisitions|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Company Shares, By Revenue|
|18.1.||AU Optronics Corporation|
|18.2.||BOE Japan Co. Ltd|
|18.4.||LG Display Co. Ltd|
|18.5.||Samsung Electronics Co. Ltd|
|18.8.||Hisense Co. Ltd|
Analyzing the historical market, estimation of the current market, and forecasting the future market of the display panel market were the three major steps undertaken to create and analyze the demand for display panel across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the display panel market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the display panel through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the display panel market, we conducted a detailed secondary analysis to gather historical market insights and share of the type of display, resolution, and application for major regions. Major segments included in the report are resolution and application. Further region and country-level analyses were conducted to evaluate the overall adoption of display panel across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the display panel. Further, we conducted factor analysis using dependent and independent variables such as the rising disposable income, rising consumer goods industry, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the display panel industry across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the display panel market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach were applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of display panel across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the display panel market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the display panel market. Data was split into several segments and sub-segments post studying various parameters and trends in the areas of type of display, resolution, and application of the display panel market.
Main Objective of the Display Panel Market Study
The current & future market trends of the display panel were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the display panel in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type of display, resolution, and application
- Define and analysis of the regulatory framework for the display panel industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the display panel market for the major countries
- The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
- Company profiles of the display panel market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry