GITNUX REPORT 2024

Global Display Industry Statistics: Growth Trends and Market Insights

Dive into the dynamic world of display industry statistics from OLED growth to market projections.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The automotive display market is expected to reach USD 30.8 billion by 2025

Statistic 2

The automotive HUD market is expected to grow at a CAGR of 30.3% from 2020 to 2025

Statistic 3

The automotive display market in Asia Pacific is projected to grow at a CAGR of 8.4% from 2021 to 2026

Statistic 4

The automotive HUD market size is projected to reach USD 3.9 billion by 2025

Statistic 5

The global automotive display system market is projected to reach USD 30.8 billion by 2025

Statistic 6

The global automotive display market is expected to reach USD 30.8 billion by 2025

Statistic 7

The global head-up display market size was valued at USD 1.1 billion in 2020

Statistic 8

The global automotive HUD market is projected to reach USD 3.9 billion by 2025

Statistic 9

The global digital signage market size was valued at USD 21.49 billion in 2020

Statistic 10

The global LED video wall market size was valued at USD 6.4 billion in 2020

Statistic 11

The average lifespan of LED displays increased from 50,000 hours in 2010 to 100,000 hours in 2021

Statistic 12

The global micro-LED display market is expected to reach USD 21.1 billion by 2027

Statistic 13

The global AR and VR display market is projected to reach USD 8.6 billion by 2026

Statistic 14

The global transparent display market is projected to reach USD 4.93 billion by 2024

Statistic 15

E-paper display market is projected to reach USD 13.3 billion by 2026

Statistic 16

Mini-LED backlight shipments are projected to reach 4.4 million units by 2024

Statistic 17

The global holographic display market is expected to reach USD 7.6 billion by 2023

Statistic 18

The global micro-LED market is expected to grow at a CAGR of 80.1% from 2021 to 2026

Statistic 19

The global flexible display market is projected to reach USD 15.5 billion by 2023

Statistic 20

The global quantum dot display market is expected to reach USD 10.8 billion by 2025

Statistic 21

The global foldable display market is expected to reach USD 18.1 billion by 2025

Statistic 22

The global AR glasses display market is projected to reach USD 4.2 billion by 2025

Statistic 23

The global mini-LED display market is expected to reach USD 1.9 billion by 2025

Statistic 24

The global micro-LED display market is projected to grow at a CAGR of 80.1% from 2021 to 2026

Statistic 25

The global transparent display market is expected to grow at a CAGR of 46.7% from 2021 to 2026

Statistic 26

The global micro-LED display market is expected to grow at a CAGR of 80.1% from 2021 to 2026

Statistic 27

The average pixel density of VR headset displays increased from 450 PPI in 2016 to 1000 PPI in 2021

Statistic 28

The global gaming monitor market is expected to reach USD 7.1 billion by 2026

Statistic 29

The average refresh rate of gaming monitors increased from 60Hz in 2015 to 144Hz in 2021

Statistic 30

The average response time of gaming monitors decreased from 5ms in 2010 to 1ms in 2021

Statistic 31

LCD displays accounted for 85% of the global display market share in 2021

Statistic 32

The display market is expected to grow at a CAGR of 3.5% from 2022 to 2030

Statistic 33

The global display market size was valued at USD 148.4 billion in 2021

Statistic 34

China accounted for 46% of the global display panel production capacity in 2020

Statistic 35

Smartphone displays accounted for 40% of the total display market in 2021

Statistic 36

The average smartphone display size increased from 3.2 inches in 2010 to 6.5 inches in 2021

Statistic 37

The average pixel density of smartphone displays increased from 200 PPI in 2010 to 500 PPI in 2021

Statistic 38

The average brightness of smartphone displays increased from 300 nits in 2010 to 1000 nits in 2021

Statistic 39

The average refresh rate of smartphone displays increased from 60Hz in 2018 to 120Hz in 2021

Statistic 40

The average power consumption of OLED smartphone displays is 30% lower than LCD displays

Statistic 41

OLED displays are projected to grow at a CAGR of 12.9% from 2022 to 2030

Statistic 42

Flexible OLED display shipments are expected to reach 513 million units by 2023

Statistic 43

The global OLED lighting market is expected to reach USD 2.5 billion by 2027

Statistic 44

The average lifespan of OLED displays increased from 14,000 hours in 2009 to 100,000 hours in 2021

Statistic 45

The global AMOLED display market is expected to grow at a CAGR of 19.5% from 2021 to 2026

Statistic 46

The global micro-OLED display market is projected to reach USD 4.9 billion by 2025

Statistic 47

The global transparent OLED display market is expected to grow at a CAGR of 34.3% from 2021 to 2026

Statistic 48

The average contrast ratio of OLED displays is 1,000,000:1 compared to 1,000:1 for LCD displays

Statistic 49

The global OLED microdisplay market is expected to grow at a CAGR of 39.9% from 2021 to 2026

Statistic 50

The global OLED display market size was valued at USD 38.4 billion in 2020

Statistic 51

The global OLED lighting panel market is projected to reach USD 2.5 billion by 2027

Statistic 52

The average color gamut coverage of OLED displays is 100% DCI-P3 compared to 90% for high-end LCD displays

Statistic 53

The global flexible OLED market is projected to reach USD 15.5 billion by 2023

Statistic 54

The global OLED microdisplay market size was valued at USD 170 million in 2020

Statistic 55

The global foldable OLED market is projected to reach USD 18.1 billion by 2025

Statistic 56

The 8K TV market is projected to grow at a CAGR of 60.8% from 2020 to 2025

Statistic 57

The average cost of a 65-inch 4K TV decreased by 62% between 2014 and 2019

Statistic 58

OLED TV shipments are expected to reach 12 million units by 2023

Statistic 59

The average power consumption of OLED TVs decreased by 30% between 2016 and 2020

Statistic 60

The global smart TV market size was valued at USD 207.68 billion in 2020

Statistic 61

The average power consumption of 65-inch 4K TVs decreased by 40% between 2015 and 2020

Statistic 62

The global OLED TV market is expected to grow at a CAGR of 26.1% from 2021 to 2026

Statistic 63

The global QLED TV market is expected to grow at a CAGR of 21.3% from 2021 to 2026

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Summary

  • The global display market size was valued at USD 148.4 billion in 2021
  • The display market is expected to grow at a CAGR of 3.5% from 2022 to 2030
  • OLED displays are projected to grow at a CAGR of 12.9% from 2022 to 2030
  • LCD displays accounted for 85% of the global display market share in 2021
  • The automotive display market is expected to reach USD 30.8 billion by 2025
  • Smartphone displays accounted for 40% of the total display market in 2021
  • The average smartphone display size increased from 3.2 inches in 2010 to 6.5 inches in 2021
  • Flexible OLED display shipments are expected to reach 513 million units by 2023
  • The 8K TV market is projected to grow at a CAGR of 60.8% from 2020 to 2025
  • The global micro-LED display market is expected to reach USD 21.1 billion by 2027
  • The global AR and VR display market is projected to reach USD 8.6 billion by 2026
  • China accounted for 46% of the global display panel production capacity in 2020
  • The average cost of a 65-inch 4K TV decreased by 62% between 2014 and 2019
  • OLED TV shipments are expected to reach 12 million units by 2023
  • The global transparent display market is projected to reach USD 4.93 billion by 2024

Buckle up, tech enthusiasts, because were about to dive head-first into a kaleidoscope of mind-boggling display industry statistics that will make your head spin faster than a high-refresh-rate gaming monitor! From the explosive growth of OLED displays to the shrinking pixel sizes on VR headsets, the global display market is a dynamic ecosystem of innovation and evolution. Grab your popcorn (and maybe a magnifying glass for those tiny pixels) as we unravel the fascinating numbers that shape the screens we cant live without.

Automotive Displays

  • The automotive display market is expected to reach USD 30.8 billion by 2025
  • The automotive HUD market is expected to grow at a CAGR of 30.3% from 2020 to 2025
  • The automotive display market in Asia Pacific is projected to grow at a CAGR of 8.4% from 2021 to 2026
  • The automotive HUD market size is projected to reach USD 3.9 billion by 2025
  • The global automotive display system market is projected to reach USD 30.8 billion by 2025
  • The global automotive display market is expected to reach USD 30.8 billion by 2025
  • The global head-up display market size was valued at USD 1.1 billion in 2020
  • The global automotive HUD market is projected to reach USD 3.9 billion by 2025

Interpretation

The surge in the automotive display market seems to suggest that in the near future, we'll be seeing cars with more screens than a Hollywood blockbuster. With projections pointing towards a dazzling USD 30.8 billion industry by 2025, it's clear that drivers are in for a visually immersive ride. And let's not forget about heads-up displays (HUDs) making their mark, with a CAGR of 30.3% ensuring that we won't just be glancing at maps but practically living in a sci-fi film. Buckle up folks, because it looks like the future of driving is set to be as flashy and high-tech as a Las Vegas strip.

Digital Signage

  • The global digital signage market size was valued at USD 21.49 billion in 2020
  • The global LED video wall market size was valued at USD 6.4 billion in 2020
  • The average lifespan of LED displays increased from 50,000 hours in 2010 to 100,000 hours in 2021

Interpretation

In the ever-evolving realm of display technology, the statistics paint a vivid picture of an industry that not only commands attention but also stands the test of time – quite literally. With the global digital signage market shining bright at USD 21.49 billion and the LED video wall market not far behind at USD 6.4 billion, it's clear that the world is tuning in more than ever. And with the average lifespan of LED displays doubling from 50,000 hours in 2010 to 100,000 hours in 2021, it seems we can expect these screens to outlast even the most enduring binge-watching sessions. As we witness this luminous revolution, one thing is certain: the future of displays is not only dazzling but also built to endure the test of time.

Emerging Technologies

  • The global micro-LED display market is expected to reach USD 21.1 billion by 2027
  • The global AR and VR display market is projected to reach USD 8.6 billion by 2026
  • The global transparent display market is projected to reach USD 4.93 billion by 2024
  • E-paper display market is projected to reach USD 13.3 billion by 2026
  • Mini-LED backlight shipments are projected to reach 4.4 million units by 2024
  • The global holographic display market is expected to reach USD 7.6 billion by 2023
  • The global micro-LED market is expected to grow at a CAGR of 80.1% from 2021 to 2026
  • The global flexible display market is projected to reach USD 15.5 billion by 2023
  • The global quantum dot display market is expected to reach USD 10.8 billion by 2025
  • The global foldable display market is expected to reach USD 18.1 billion by 2025
  • The global AR glasses display market is projected to reach USD 4.2 billion by 2025
  • The global mini-LED display market is expected to reach USD 1.9 billion by 2025
  • The global micro-LED display market is projected to grow at a CAGR of 80.1% from 2021 to 2026
  • The global transparent display market is expected to grow at a CAGR of 46.7% from 2021 to 2026
  • The global micro-LED display market is expected to grow at a CAGR of 80.1% from 2021 to 2026
  • The average pixel density of VR headset displays increased from 450 PPI in 2016 to 1000 PPI in 2021

Interpretation

As the display industry continues to dazzle with its ever-evolving technology, it seems the only thing not experiencing exponential growth is our patience for outdated screens. With projections soaring higher than a pixelated rocket, from the microscopic allure of micro-LEDs to the transparent windows into the future, it's clear that in this digital age, seeing is believing, especially if what you're seeing is a CAGR of 80.1%. So, grab your AR glasses, unfold your flexibles, and get ready to immerse yourself in the vibrant tapestry of mini-LEDs and quantum dots, because in this display market, the only way is up – in resolution and revenue alike.

Gaming Displays

  • The global gaming monitor market is expected to reach USD 7.1 billion by 2026
  • The average refresh rate of gaming monitors increased from 60Hz in 2015 to 144Hz in 2021
  • The average response time of gaming monitors decreased from 5ms in 2010 to 1ms in 2021

Interpretation

In the ever-escalating arms race of gaming monitors, the numbers tell a tale of relentless progress and the pursuit of pixel-perfect victory. With the imminent USD 7.1 billion jackpot glittering on the horizon, it seems like high refresh rates and lightning-quick response times are the new currency of virtual domination. From the humble 60Hz beginnings of yesteryears to the current 144Hz nirvana, and the speedy dive from 5ms to 1ms response time, it's a fast-paced world out there, where even a millisecond can mean the difference between respawn or triumph. So, buckle up and brace yourselves, fellow gamers, for the future of competitive display warfare is high-speed, low-latency, and dazzlingly bright.

LCD Technology

  • LCD displays accounted for 85% of the global display market share in 2021

Interpretation

In a world where clarity and crispness reign supreme, it's no surprise that LCD displays continue to dominate the global stage with an iron grip, boasting an impressive 85% market share in 2021. Like the reliable sidekick in a blockbuster movie, LCD displays quietly steal the show, delivering high definition visuals with precision and finesse. As we navigate through the chaotic tapestry of the display industry, let us bow down to our LCD overlords, for they have proven time and time again that when it comes to capturing our attention, they are the true stars of the show.

Market Growth

  • The display market is expected to grow at a CAGR of 3.5% from 2022 to 2030

Interpretation

Like a slow-burning firework, the display market is predicted to steadily sparkle and grow over the next decade with a charming CAGR of 3.5%. While this may sound like the market is leisurely strolling forward, it actually signifies a significant and consistent progression in an industry that constantly reinvents itself at the speed of light. So, buckle up and get ready for a colorful display of innovation and advancement in the years to come!

Market Size

  • The global display market size was valued at USD 148.4 billion in 2021
  • China accounted for 46% of the global display panel production capacity in 2020

Interpretation

In a world where screens dominate our every waking moment, it comes as no surprise that the display industry is booming with a market size valued at a staggering USD 148.4 billion in 2021. China's dominance in display panel production capacity further solidifies its position as the powerhouse of the tech world, accounting for a whopping 46%. With every pixel and panel meticulously crafted to captivate our attention, one thing is clear: the future is bright, and it's in high definition.

Mobile Displays

  • Smartphone displays accounted for 40% of the total display market in 2021
  • The average smartphone display size increased from 3.2 inches in 2010 to 6.5 inches in 2021
  • The average pixel density of smartphone displays increased from 200 PPI in 2010 to 500 PPI in 2021
  • The average brightness of smartphone displays increased from 300 nits in 2010 to 1000 nits in 2021
  • The average refresh rate of smartphone displays increased from 60Hz in 2018 to 120Hz in 2021
  • The average power consumption of OLED smartphone displays is 30% lower than LCD displays

Interpretation

In a world where size apparently does matter, smartphones have evolved into mini-theatres with their expanding displays pulling in our attention like magnets. The numbers speak volumes: while smartphones now dominate 40% of the display market, the average screen size has doubled from pocket-size to pocket-stretching proportions in just over a decade. Not only do these screens dazzle us with sharper images thanks to increased pixel density, but they also outshine the competition with blinding brightness levels and lightning-fast refresh rates. With OLED technology leading the charge in energy efficiency, it seems our beloved handheld screens are not just getting bigger, but smarter too.

OLED Technology

  • OLED displays are projected to grow at a CAGR of 12.9% from 2022 to 2030
  • Flexible OLED display shipments are expected to reach 513 million units by 2023
  • The global OLED lighting market is expected to reach USD 2.5 billion by 2027
  • The average lifespan of OLED displays increased from 14,000 hours in 2009 to 100,000 hours in 2021
  • The global AMOLED display market is expected to grow at a CAGR of 19.5% from 2021 to 2026
  • The global micro-OLED display market is projected to reach USD 4.9 billion by 2025
  • The global transparent OLED display market is expected to grow at a CAGR of 34.3% from 2021 to 2026
  • The average contrast ratio of OLED displays is 1,000,000:1 compared to 1,000:1 for LCD displays
  • The global OLED microdisplay market is expected to grow at a CAGR of 39.9% from 2021 to 2026
  • The global OLED display market size was valued at USD 38.4 billion in 2020
  • The global OLED lighting panel market is projected to reach USD 2.5 billion by 2027
  • The average color gamut coverage of OLED displays is 100% DCI-P3 compared to 90% for high-end LCD displays
  • The global flexible OLED market is projected to reach USD 15.5 billion by 2023
  • The global OLED microdisplay market size was valued at USD 170 million in 2020
  • The global foldable OLED market is projected to reach USD 18.1 billion by 2025

Interpretation

The world of display technology is not just bright; it's OLED-bright with a hint of flexibility and transparency. As these statistics suggest, OLED displays are not just growing; they're thriving like never before. With projected growth rates that would make any investor's eyes light up, the industry is on track to reach new heights of innovation and market penetration. From longer lifespans to superior contrast ratios, OLED displays are not just a trend; they're here to stay. So, buckle up and get ready to witness a display revolution that promises to be as sharp and vibrant as the images it showcases.

TV Displays

  • The 8K TV market is projected to grow at a CAGR of 60.8% from 2020 to 2025
  • The average cost of a 65-inch 4K TV decreased by 62% between 2014 and 2019
  • OLED TV shipments are expected to reach 12 million units by 2023
  • The average power consumption of OLED TVs decreased by 30% between 2016 and 2020
  • The global smart TV market size was valued at USD 207.68 billion in 2020
  • The average power consumption of 65-inch 4K TVs decreased by 40% between 2015 and 2020
  • The global OLED TV market is expected to grow at a CAGR of 26.1% from 2021 to 2026
  • The global QLED TV market is expected to grow at a CAGR of 21.3% from 2021 to 2026

Interpretation

In the world of display technology, the numbers are not just pixels on a screen but indicators of a dynamic and rapidly evolving industry. With the 8K TV market set to skyrocket at a mind-boggling rate of 60.8%, it seems we will soon be able to count the hairs on our favorite actor's head. Meanwhile, the plummeting cost of 65-inch 4K TVs suggests that soon we'll all be enjoying high-definition viewing on a budget. And as OLED TVs shine ever brighter, with shipments expected to hit 12 million units by 2023, it's clear that the future of television is looking vivid and energy-efficient, with power consumption dropping faster than a reality TV star's approval ratings. So, fasten your seatbelts and dim the lights, because it’s lights, camera, action for the global smart TV market, valued at a whopping USD 207.68 billion in 2020. The only thing brighter than these TVs' screens is the future of display technology itself, set to glow even more vibrantly with the anticipated growth of OLED and QLED markets in the years to come.

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