Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 551.8 Billion | USD 1,026.5 Billion | 10.9% | 2021 |
FrequentlyAsked Questions
The market is being driven by the increasing use of OLED displays in various applications, the increasing use of LED displays for video walls, TVs, and digital signage applications, the growing demand for interactive displays in various applications, and the rising demand for display-based medical equipment, including ventilators and respirators, as a result of the COVID-19 pandemic.
According to the Market Research report, the Electronic Display Market was worth about 551.8 (USD billion) in 2021 and is predicted to grow to around 1,026.5 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 10.9 percent.
During the forecast period, APAC is expected to have the highest CAGR. Other factors contributing to the region's market growth include an increase in the number of display panel production plants and the rapid adoption of OLED displays. APAC has a low labor cost, which lowers the overall manufacturing costs of display panels. This has enticed a number of corporations to locate new OLED and LCD panel manufacturing units in this region.
Some of the main competitors dominating the Electronic Display Market include - ActiveLight Inc.; AU Optronics; Casio Computers Co. Ltd.; LG Electronics; Toshiba Corporation; Sony Corporation; Zenith Electronics Corporation.
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