The Latest Display Industry Statistics Explained
The global display market was valued at USD 148.4 billion in 2021.
The statistic “The global display market was valued at USD 148.4 billion in 2021” indicates the total monetary worth of the global display market, which includes products such as TVs, monitors, smartphones, and digital signage. This figure represents the aggregated value of all sales and transactions within the display market worldwide in the year 2021. The value of USD 148.4 billion suggests that the display market is substantial and plays a significant role in consumer electronics and communication technologies, reflecting the demand for visual display devices in various sectors such as entertainment, advertising, information technology, and more.
The global display market is expected to reach USD 216.5 billion by 2027.
The statistic ‘The global display market is expected to reach USD 216.5 billion by 2027’ indicates the projected value of the display market worldwide by the year 2027. This implies the anticipated total revenue generated by the sales of display technologies and products such as televisions, monitors, smartphones, and digital signage. Such a forecast helps industry stakeholders, businesses, investors, and policymakers gain insights into the potential growth and opportunities in the display market, guiding strategic decision-making and resource allocation. Factors driving this growth may include technological advancements, increasing demand for high-quality displays, expanding digitalization efforts across industries, and growing consumer purchasing power.
OLED technology is expected to witness the highest growth rate in the display market during 2021–2027.
The statistic suggests that OLED (Organic Light Emitting Diode) technology is projected to experience rapid growth within the display market between 2021 and 2027. OLED displays are known for their superior image quality, high contrast ratios, and energy efficiency compared to traditional LCD screens. The increasing demand for high-quality displays in applications such as smartphones, televisions, monitors, and wearable devices is driving the growth of OLED technology. The expected high growth rate indicates that OLED technology is poised to gain significant market share and become a leading choice for display manufacturers and consumers in the coming years.
Asia Pacific accounted for the largest share of the global display market in 2020.
The statistic “Asia Pacific accounted for the largest share of the global display market in 2020” indicates that the Asia Pacific region had the highest proportion of market sales and revenues within the display industry compared to other regions worldwide during the specified year. This suggests that companies in Asia Pacific, including manufacturers and suppliers of display technologies such as televisions, monitors, and smartphone screens, were particularly significant players in the global market, driving demand and innovation within the industry. Factors contributing to this dominance may include the region’s strong manufacturing capabilities, technological expertise, and large consumer base, making it a key hub for the production and consumption of display-related products.
In 2020, Samsung held a market share of 16.2% in the global flat panel display market.
The statistic indicates that in 2020, Samsung, a multinational electronics company, held a significant market share of 16.2% in the global flat panel display market. This implies that out of all flat panel displays purchased worldwide in 2020, approximately 16.2% were manufactured and sold by Samsung. This market share is indicative of Samsung’s competitive positioning within the flat panel display industry and highlights the company’s strong presence in the market. High market share suggests that consumers find Samsung’s products desirable and the company has been successful in capturing a sizeable portion of the market compared to its competitors.
The gaming display market is projected to reach $3.19 billion by 2027.
The statistic that the gaming display market is projected to reach $3.19 billion by 2027 indicates the anticipated total revenue generated from the sales of gaming display products within the market by that year. This projection suggests a significant growth in the demand for gaming displays, likely driven by factors such as increasing popularity of gaming, advancements in display technology, and the growing number of gamers worldwide. The market size forecast provides valuable insights for industry stakeholders, investors, and policymakers to understand the potential opportunities and challenges within the gaming display market, enabling them to make informed decisions and strategies for the future.
LCDs accounted for 90.7% of the total flat panel display revenues in 2019.
The statistic that LCDs accounted for 90.7% of the total flat panel display revenues in 2019 indicates that a significant majority of the revenue generated in the flat panel display industry that year came from sales of liquid crystal displays (LCDs). This implies that LCD technology was the most dominant and widely used type of flat panel display in the market in 2019, surpassing other technologies such as OLEDs or plasma displays. The high market share of LCDs suggests that they were preferred by consumers and businesses for various applications, ranging from televisions to computer monitors, due to their cost-effectiveness, versatility, and performance characteristics.
The global interactive display market is anticipated to reach USD 16.1 billion by 2025.
The statistic signifies the projected growth of the global interactive display market, with an expected value of USD 16.1 billion by the year 2025. This forecast suggests a substantial increase in market size compared to the present value, indicating significant opportunities and demand for interactive display technologies across various industries such as education, retail, healthcare, and corporate sectors. The growth in interactive display market can be attributed to the increasing adoption of digital technologies, interactive communication tools, and rising preference for engaging and immersive user experiences. This statistic underscores the potential for advancements and innovations in interactive display technologies as well as the growing importance of interactive displays in shaping the future of communication and engagement.
The global display panel market is projected to grow from USD 137.7 billion in 2021 to USD 167.7 billion by 2026.
The statistic indicates that the global display panel market is expected to experience continued growth over the specified period, expanding from USD 137.7 billion in 2021 to USD 167.7 billion by 2026. This projected growth suggests a compound annual growth rate (CAGR) in the market value. The increasing demand for display panels in various electronic devices such as smartphones, televisions, laptops, and automotive displays is likely to be a key driver of this growth. Factors such as technological advancements, higher resolution displays, and the growing trend of digitalization across industries are also anticipated to contribute to the market expansion. This projection reflects a positive outlook for the display panel industry, indicating opportunities for manufacturers and stakeholders within the market to capitalize on the sector’s growth potential.
The AR/VR display market is projected to grow from USD 994 million in 2021 to USD 5,102 million by 2026.
The statistic indicates that the augmented reality/virtual reality (AR/VR) display market is expected to see rapid growth over the next five years, with projected revenues increasing from USD 994 million in 2021 to USD 5,102 million by 2026. This represents a significant compound annual growth rate (CAGR) during the forecast period. The growth is likely being driven by increasing adoption of AR/VR technologies across various industries, including gaming, entertainment, education, healthcare, and manufacturing. As these immersive technologies continue to evolve and become more mainstream, the demand for AR/VR displays is expected to rise, leading to substantial market expansion and revenue generation.
The medical display market size is projected to reach USD 2.33 Billion by 2023.
The statistic “The medical display market size is projected to reach USD 2.33 Billion by 2023” indicates that the total revenue generated from the sale of medical displays, used in various healthcare settings such as hospitals, clinics, and diagnostic centers, is expected to reach $2.33 billion by the year 2023. This projection suggests a significant growth trend in the demand for medical displays, possibly driven by advancements in medical imaging technology, increasing healthcare expenditure, and the growing need for high-quality visual information in medical diagnostics and treatment. This statistic serves as a valuable insight for stakeholders in the medical display industry, providing a forecast of market size and potential opportunities for growth and investment in the coming years.
In 2021, the digital signage market size was valued at USD 20.03 billion.
The statistic stating that the digital signage market size was valued at USD 20.03 billion in 2021 represents the total dollar value of the market for digital signage solutions during that year. This figure reflects the aggregate revenue generated by the sale of digital signage hardware, software, and services across various industries worldwide. The market size is a key indicator of the industry’s growth and importance, providing insights into the level of adoption of digital signage technology, the demand for related products and services, and the overall economic impact of the digital signage sector. The USD 20.03 billion valuation highlights the significant size and potential of the digital signage market in driving innovation and transformation in the way businesses communicate and engage with their target audiences.
A global digital signage market is expected to grow at a CAGR of 7.3% from 2021 to 2028.
This statistic indicates the projected growth rate of the global digital signage market over the period from 2021 to 2028. The Compound Annual Growth Rate (CAGR) of 7.3% suggests that on average, the market is expected to expand by 7.3% year-over-year during this timeframe. This growth rate signifies a positive trend in the adoption and utilization of digital signage technologies across various industries and sectors worldwide. Factors driving this growth may include advancements in display technology, increasing demand for interactive and engaging customer experiences, as well as the benefits of digital signage in enhancing communication and advertising strategies. The projected growth rate of 7.3% highlights the potential opportunities for businesses operating within the digital signage industry to capitalize on this expanding market and drive innovation and development in the years to come.
North America holds the largest share in the wearable display market because of its wide usage in fitness and health, consumer, and defense applications.
The statistic stating that North America holds the largest share in the wearable display market can be attributed to the widespread adoption of wearable display technology in various sectors within the region. The utilization of wearable displays in fitness and health applications has seen significant growth, with consumers increasingly using these devices to monitor their physical activity and overall well-being. Additionally, the consumer market in North America has embraced wearable displays for purposes such as smartwatches and augmented reality devices, further driving market demand. Furthermore, the defense sector in North America has also demonstrated a strong interest in wearable display technology for military applications, contributing to the region’s dominance in this market segment. Overall, the diverse usage of wearable displays across different industries in North America has positioned the region as a key player in the global wearable display market.
Sales of AMOLED TV panels will rise to 10 million units in 2023, up from 2.1 million in 2019.
The statistic indicates a significant increase in the sales of AMOLED (Active Matrix Organic Light-Emitting Diode) TV panels over a four-year period, with a projected rise from 2.1 million units in 2019 to 10 million units in 2023. This substantial growth suggests a growing demand for AMOLED technology in the TV market due to factors such as improved picture quality, higher contrast ratios, energy efficiency, and sleeker design possibilities. The increase in sales can be attributed to technological advancements, declining prices of AMOLED panels, and consumer preferences shifting towards better visual experiences. This trend highlights the increasing adoption of AMOLED technology by consumers and manufacturers, indicating a promising future for AMOLED TV panels in the market.
The global LED display market size surpassed USD 5 billion in 2018 and is expected to register over 10% growth between 2019 and 2025.
The statistic indicates that in 2018, the global LED display market had a size exceeding USD 5 billion. Furthermore, it is projected that the market will experience an annual growth rate of over 10% from 2019 to 2025. This suggests a positive trend in the LED display market, with increasing demand for LED displays across various industries such as advertising, retail, sports, and entertainment. The anticipated growth signifies opportunities for businesses operating in the LED display market to expand and innovate, driven by technological advancements, evolving consumer preferences, and the growing trend towards digital signage.
Conclusion
Display industry statistics provide valuable insights into market trends, consumer preferences, and technological advancements. By analyzing these data, businesses can make informed decisions to stay competitive and meet evolving customer demands. It is essential for industry professionals to keep up with the latest statistics to drive innovation and strategic planning in this ever-changing landscape.
References
0. – https://www.www.digitaltrends.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.meticulousresearch.com
3. – https://www.gminsights.wordpress.com
4. – https://www.www.statista.com
5. – https://www.www.marketsandmarkets.com
6. – https://www.www.gminsights.com
