Technological advancements in computer science and technological intervention in day-to-day lives are enriching human lives. Display technologies of different sorts are available from television screens to computers and from mobile phones to surveillance devices. The global display market is a melting pot of advanced technologies that have numerous applications in diverse industry verticals. Different technologies have different demand and consumption pattern, which sums up for the total revenue and market size for advanced display technologies market.
Segmentation in Global Display Technologies Market
Before understanding the prevailing market trends in display technologies, one needs to understand the segmentation within this industry. Global display market is segmented into the types of technologies, display types and variety of applications. Types and technologies are the biggest segments that require detailed analysis for forecasting and estimating the future of various businesses in this industry.
- Display Technologies: LED (light-emitting diode), OLED (organic light-emitting diode), LED-LCD (light-emitting diode liquid crystal display), TFT-LCD (thin-film-transistor liquid-crystal display), LCoS (Liquid crystal on silicon), E-Ink (electrophoretic ink), Plasma and DLP (Digital Light Processing)
- Display Types: conventional and flexible display types that include flat panel, transparent and 3D display
Increasing demand for advanced flexible display technology has taken over the conventional types, which has influenced the global display market. Flexible technologies are suitable for advanced gadgets that require energy efficiency, high definition output and smaller screen sizes such as tablets, notebooks and smart phones. E-Ink is highly popular for tablets and e-readers. DLP and LCoS are popular for projection based display technologies.
Market Trends and Forecasting Reports from 2012 to 2017
The large array of technologies and types of display increase their application area and geographical reach. These factors also influence the global market trends and regional revenues in display markets. consumer electronics, home appliances, industrial, automotive and healthcare are the major industrial verticals making broad use of various display technologies. OLED segment is poised to make great revenue in from 2012 to 2017. In terms of geographical demands, North America is leading the global market with US being the predominant consumer. North America is followed by Europe, Asia Pacific and rest of the world regions.
Report suggest that the global display technologies market is estimated to increase at an anticipated CAGR of 3.1%, which will take the total market revenue up to $164.244 billion by the end of 2017. Growing consumerism or consumer goods industry is the driving factor for this industry, which will create numerous business opportunities in the global marketplace. Major challenges for the businesses in this industry include controlling manufacturing costs, gaining financial support, seeking commercial success with advanced technologies and finding great R&D tactics. Attracting unique customers is also a major challenge for the business wanting to excel on the global map.
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