Smartphone Displays - Global Strategic Business Report

The global market for Smartphone Displays was estimated at US$68.0 Billion in 2023 and is projected to reach US$96.3 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Smartphone Displays: What's Powering the Evolution of Mobile Screens?

The smartphone display market is a dynamic and rapidly evolving sector, driven by advancements in display technologies and the increasing consumer demand for enhanced visual experiences. Smartphone displays are available in various types, including LCD (Liquid Crystal Display), OLED (Organic Light Emitting Diode), AMOLED (Active Matrix Organic Light Emitting Diode), and the emerging MicroLED technologies. The market is witnessing a shift towards OLED and AMOLED displays, which offer superior color accuracy, contrast ratios, and energy efficiency compared to traditional LCDs. Segmentation within the smartphone display market also includes high-refresh-rate displays (90Hz, 120Hz, and 144Hz), foldable displays, and bezel-less screens, each designed to cater to different user experiences, from gaming to multimedia consumption. As smartphone manufacturers continue to innovate, the demand for high-resolution, durable, and energy-efficient displays is on the rise.

How Are Technological Advancements Shaping the Display Market?

Technological advancements are significantly shaping the smartphone display market by enhancing performance, durability, and user experience. The development of high-refresh-rate displays is transforming the gaming and multimedia experience on smartphones, offering smoother visuals and reduced motion blur, which are essential for competitive gaming and video streaming. Innovations in foldable and flexible display technologies are redefining smartphone design, allowing manufacturers to introduce new form factors that combine the benefits of a smartphone and a tablet. The integration of in-display fingerprint sensors and under-display cameras is driving the trend of bezel-less screens, providing a seamless and immersive viewing experience without compromising security features. Additionally, advancements in screen materials, such as Corning Gorilla Glass and sapphire glass, are enhancing screen durability and scratch resistance, addressing consumer concerns about screen damage. These technological trends are propelling the growth of the smartphone display market across various segments.

What Market Trends Are Influencing the Adoption of Advanced Smartphone Displays?

Several market trends are influencing the adoption of advanced smartphone displays, reflecting the growing consumer demand for better visual experiences and innovative smartphone designs. The increasing popularity of bezel-less and edge-to-edge displays is driving manufacturers to adopt curved and waterfall screen designs that maximize screen real estate. The shift towards foldable smartphones is creating a new segment within the display market, requiring flexible and durable displays that can withstand repeated folding and unfolding. The rising emphasis on energy efficiency and sustainability is pushing manufacturers to develop low-power displays that extend battery life without compromising on brightness or color quality. The expansion of 5G networks is also supporting the demand for high-quality displays that can handle high-definition streaming, gaming, and video calls with minimal latency. These trends are reshaping the smartphone display market, promoting continuous innovation and diversification.

What Drives the Growth in the Smartphone Displays Market?

The growth in the smartphone displays market is driven by several factors, including advancements in display technologies, increasing consumer demand for high-quality visuals, and the rising adoption of innovative smartphone designs. The development of OLED and AMOLED displays with high refresh rates and low power consumption is driving their adoption in premium and mid-range smartphones. The trend of foldable smartphones is creating new opportunities for flexible and durable display solutions. The integration of in-display biometric sensors and the push towards bezel-less screens are enhancing the appeal of advanced displays. Moreover, the expansion of gaming smartphones and the growing focus on energy efficiency and sustainability are further supporting market growth. The increasing collaboration between display manufacturers, smartphone OEMs, and material suppliers is also fostering innovation, driving the growth of the smartphone displays market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the OLED Displays segment, which is expected to reach US$40.5 Billion by 2030 with a CAGR of a 5.6%. The LCD Displays segment is also set to grow at 4.5% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, which was valued at $18.1 Billion in 2023, and China, forecasted to grow at an impressive 9.0% CAGR to reach $22.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Smartphone Displays Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smartphone Displays Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Smartphone Displays Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Bajaj Electronics, BOE Japan Co. Ltd., Foxconn Industrial Internet Co., Ltd., and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 46 Featured):

• Bajaj Electronics
• BOE Japan Co. Ltd.
• Foxconn Industrial Internet Co., Ltd.
• Lava International Ltd.
• LG Display Co., Ltd.
• Micro-Pro
• PlayNitride Inc.
• Samsung Electronics (UK) Ltd.