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Global Display Device Market Projected to Reach US$ 360 Bn in Revenues by 2026

Press release Description

Albany, New York, March 8, 2018: A new exhaustive study titled “Global Market Study on Display Device: APEJ to Lead the Global Market in Terms of Revenue during 2017 – 2026” has recently been submitted to the database of Market Research Reports Search Engine (MRRSE). According to the report, the global display device market is projected to witness healthy growth rates during the assessment period. Growing at 8.3% CAGR through 2026, the global market is likely to surpass US$ 360 Bn in revenues by the end of the forecast period.

The report offers a detailed analysis on the key factors that are likely to shape up demand for display devices during the assessment period. In addition to in-depth information on market dynamics, the report also profiles the leading players operating in the market. A detailed analysis of the supply-chain and historical developments are also included in the report.

According to the report, global demand for display devices is directly linked to broader developments in the consumer electronics market. Steady growth in the consumer electronics industry has created lucrative growth opportunities for manufacturers in the past, and the trend is likely to continue during the assessment period. However, evolving consumer preference and fierce competition, especially in the budget-smartphone segment, have slashed the profit margins of the leading players. These factors are likely to impact the growth of the market during the assessment period.

For detailed analysis, the global display device market has been analyzed on the basis of application, display type, end user and region. The application segment is sub-segmented into TV, mobile phones, tablet, mobile PC, automotive and others. By display type segment, the global market is categorized into various sub-segments which are LED, AMOLED, LCD, OLED and others (laser TV, electronic paper etc.). By end user segment, the report has divided the global market into small medium enterprises, large enterprises and residential. Geographically, the report has divided the global market into major regions which are North America, Europe, Latin America, Asia Pacific Excluding Japan, Middle East and Africa and Japan.

According to the report, APEJ will remain central to the growth of the market during the assessment period on account of rising demand for consumer electronics in China and India. The report projects the APEJ display device market to grow at a robust CAGR during the assessment period. Manufacturers are likely to focus their attention on strengthening their supply chains to leverage the upcoming opportunities in the region.

The report also profiles the strategies and past developments of some of the leading players in the market. According to the report, some of the key companies profiled in the report are LG Display Co., Ltd., Toshiba Corporation, HISENSE ELECTRIC CO., LTD., TCL Corporation, Samsung Display Co., Ltd., Panasonic Corporation¸ Sony Corporation, BenQ Corporation and Skyworth Electronics Pvt. Ltd.

Browse Full Global  Display Device Market Report with TOC :

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