Display Component Market Analysis

Technology (LCD Display, LED Display, OLED, Plasma Display)

The OLED segment in the display component market is attributed to hold largest revenue share of about 40% during the forecast period. The segment's expansion in the market is being driven by the OLED used in smartphones, a vast range of applications of OLED panels across industry verticals, the high demand for improved viewing experiences, and technological advancements. LED screens respond more quickly, use less electricity, have wider viewing angles, more contrast, and are brighter. Moreover, these screens are self-illuminating by nature and don't need a backlight to provide the best visibility possible in all lighting situations. The market for panels based on OLED technology is driven by these benefits. These elements and advancements will strengthen the OLED technology sector, expanding the size of the market in the process.

End-Products (Monitors, Laptops, Televisions, Smartphones, Tablets, Automotive Displays)

Display component market from the smartphones segment is projected to hold largest share of about 32% by the end of 2036. The smartphone application segment in the display industry is growing owing to the availability of UHD content, rising demand for 4K and 8K displays, the growing use of OLED screens in smartphones, rising demand for flexible display panels, and rising investments in the building of new OLED and LCD panel manufacturing facilities. For instance, OnePlus released the OnePlus 10 Pro smartphone, featuring an LTPO 2.0 AMOLED display, in January 2022. For energy savings, the low-temperature polycrystalline oxide display can lower the frequency to 1Hz.

Our in-depth analysis of the global market includes the following segments: