Display Component Market Share

APAC Market Forecast

Display component market in Asia Pacific region is predicted to hold largest share of about 30% during the predicted period. The main driver of the market's expansion in this area is the rising disposable income of the local populace. Moreover, the market is expanding due to the existence of significant manufacturers and their ongoing R&D efforts. The Asia-Pacific market is expanding due to rising demand for smartphones, televisions, and smart wearables. About 41% of Chinese respondents as of June 2023 said they personally use wearables.

North American Market Statistics

Display component market in North America region is anticipated to hold second largest market share of 27% during the forecast period. North America dominates the market, and throughout the projection period, earnings are expected to grow at a robust rate. Consumers are choosing technologically advanced electronic devices due to their increasing disposable income, which is propelling market progress. The presence of core performance manufacturing in the area drives the target market.

Frequently Asked Questions (FAQ)

Increasing use of smartphones and flexible foldable panels are the major factors driving the growth of the display component market.

The market size of display component is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036

The major players in the market are Innolux Corporation, Samsung Electronics Co., Ltd., Boxlight corporation, BOE Technology Group Co., Ltd., AU Optronics Corporation, Leyard Optoelectronic Co Ltd, Qisda Corporation, China Star Optoelectronics Technology, and others.

The OLED segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the asia pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Display Component Market Share