According to a new report by Expert Market Research, ‘Global Display Device Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, the market is anticipated to register CAGR of 8.3% between 2020 and 2025. It is also estimated to reach US$ 360,275.6 million revenue by the end of 2025.
Competitive Landscape & Supplier Analysis:
- Sony Corporation (NYSE: SNE)
- Samsung Electronics Co., Ltd. (KRX: 005930)
- LG Display Co., Ltd. (NYSE: LPL)
- Panasonic Corporation (OTCMKTS: PCRFY)
- Toshiba Corporation (OTCMKTS: TOSYY)
- TCL Technology Group Corp (SHE: 000100)
- Sharp Corporation (OTCMKTS: SHCAY)
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The market is segmented into display type, technology, application, industry vertical, and region. Based on display type, the market is divided into flat panel display, flexible panel display, and transparent panel display. Based on technology, it is classified into OLED, quantum dots, LED, electronic paper, LCD, and others. By application, it is categorized into smartphone & tablet, smart wearables, television & digital signage, PC & laptop, vehicle display, and others. By industry vertical, the market is divided into healthcare, consumer electronics, retail, BFSI, military & defense, transportation, and others.
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Key players in the market are already working on producing high-resolution glass-free 3D TVs in the market. The biggest benefit of the glass-free 3D display is that it eliminates the need to wear glasses. Moreover, with the increase in the amount of content being viewed on small screen, smartphone and tablet manufacturers are also moving towards integrating glass-free 3D display. However, the cost of these technologies is the biggest factor hampering the market growth. Hence, key players are focusing on research and development activities for establishing new display technology that can offer better image quality with high resolution at lower cost.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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