General Display Technologies Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

General Display Technologies Market to Witness a Boost due to Higher Consumption in Asia Pacific region

The general display technologies market worldwide is expected to grow at a CAGR of 7.2% during the forecast period from 2021 to 2029. A display is an output device for visualizing information. A display does not create a permanent record and majorly used in consumer electronics. The consumer electronics market is growing at a CAGR of over 7.7% during the forecast period. A display offers the decoded information transmitted to the user. Change in lifestyle and demand for consumer durables have led to an increase in investments in display technologies. Due to these factors, we are expecting a steady increase in the general display technologies market during the forecast period.

OLED Segment shall lead the General Display Technologies Market Expansion

Over the recent years, organic light emitting diode (OLED) technology has been used extensively in various products. On account of eco-friendly feature, less power consumption offered by OLED technology, the demand for the same has increased in high end automobiles, microwave owens and washing machines. Increase in demand of these durables is driving the OLED technology market growth. Notably, OLED has been widely accepted and is assumed to replace other technologies such as Micro-LED technology, AMOLED technology, LED technology, etc. All these factors shall contribute to the growth of general display technologies market throughout the forecasted period.

Asia Pacific to Dominate the Market during the Forecast Period

North America has led the general display technologies market. In 2020, the North American regional market accounted for major portion of the total revenue generated worldwide. Further, Asia-Pacific is expected to dominate the market during the forecast period and register the fastest growth. Asia Pacific contributed more than 48% of the global smartphone sales in 2020. Notably, the region has been a center of industrial development. On account of presence of major players in this region, the general display technologies market have grown tremendously. China, Japan and South Korea contribute a high proportion to the total revenue generated by Asia Pacific in general display technologies market.

Some of the prominent players operating in the general display technologies market include Liantronics, Leyard, Daktronics, Unilumin, Absen, Barco, Lighthouse, Yaham, Sansitech, Ledman, Samsung, Japan Display, LG Display, Apple Inc., Everdisplay Optronics, Truly International Holdings Ltd., Innolux, Panasonic, Tianma Microelectronics Co. Ltd., and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of general display technologies market in 2020 and forecast up to 2029?
• Which is the largest regional market for general display technologies market?
• What are the major trends followed in overall general display technologies market across different regions?
• Who are the key general display technologies companies leading the market?
• What are the key strategies adopted by the leading general display technologies companies in market?

Unique data points of this report

• Statistics on consumer electronics worldwide
• Statistics on general display technologies penetration and spending worldwide
• Recent trends across different regions in terms of adoption of general display technologies across various applications
• Notable developments going on in general display technologies industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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