Display Panel Market Size, Share, Industry Trends and Forecast to 2030

Display Panel Market Size & CAGR in 2021

The global display panel market is estimated to have a growth rate of 4.5% CAGR in 2021. This growth is expected to drive the market size to USD 150 billion by the end of the year.

COVID-19 Impact on the Display Panel Market

The COVID-19 pandemic has significantly impacted the display panel market, with disruptions in the global supply chain and a temporary halt in manufacturing activities. However, the market is witnessing recovery as the demand for digital displays and interactive panels increases in various industries.

Display Panel Dynamics

The display panel market is driven by the increasing adoption of digital signage in retail, healthcare, transportation, and other sectors. The demand for high-resolution displays, interactive panels, and OLED technology is also fueling market growth.

Segments and Related Analysis

The display panel market is segmented based on technology, size, application, and end-user. OLED panels are gaining popularity due to their superior image quality and energy efficiency. The use of display panels in smartphones, tablets, TVs, and automotive displays is also driving market growth.

By Region Analysis

Asia Pacific is the largest market for display panels, with China, Japan, and South Korea leading the production and consumption of display technologies. North America and Europe are also significant regions for the display panel market due to the high demand for advanced display solutions.

Key Market Players and Competitive Landscape

Key players in the display panel market include Samsung Display, LG Display, BOE Technology, Innolux Corporation, and AU Optronics. These companies are focusing on technological advancements, product innovation, and strategic partnerships to gain a competitive edge in the market.

Recent Happenings in the Display Panel Market

In recent developments, Samsung Display announced its plans to invest in new production facilities for OLED panels to meet the increasing demand for displays in smartphones and TVs. LG Display also introduced a new line of transparent OLED panels for use in retail and smart home applications.