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

Market Size & CAGR of Embedded Display market in 2021

The global embedded display market size in 2021 was valued at USD 15.24 billion and is anticipated to grow at a CAGR of 6.2% during the forecast period from 2021 to 2027. The increasing demand for embedded displays in various industries such as automotive, healthcare, consumer electronics, and industrial automation is driving the market growth. The integration of advanced technologies such as touch screens, OLED displays, and high-resolution displays is further fueling the market expansion. Additionally, the rising adoption of IoT devices and smart technology is boosting the demand for embedded display solutions.

COVID-19 Impact on the Embedded Display Market

The COVID-19 pandemic has significantly impacted the embedded display market across the globe. The restrictions imposed due to the pandemic led to disruptions in the supply chain, affecting the manufacturing of embedded display panels and components. However, the demand for embedded displays surged in sectors such as healthcare, e-learning, and remote working as these industries relied heavily on display technologies for communication and operations during the lockdown period. The market witnessed a shift towards touchless display solutions and increased investments in digital signage and interactive displays to ensure safety measures and enhance user experience.

Embedded Display Dynamics

The embedded display market is driven by the increasing adoption of smart devices, IoT technology, and digital transformation initiatives across various industries. The demand for high-quality display solutions with advanced features such as touch sensitivity, high resolution, and energy efficiency is propelling market growth. Technological advancements in display technology, such as flexible displays and transparent displays, are creating new opportunities for market players. However, challenges related to the high cost of advanced display technologies and the complexity of integration in existing systems may hinder market growth.

Segments and Related Analysis

The embedded display market can be segmented based on type, application, and end-user industry. By type, the market is categorized into LCD, LED, OLED, and others. LCD displays dominate the market due to their widespread adoption in smartphones, tablets, laptops, and automotive displays. In terms of application, the market is divided into automotive, healthcare, consumer electronics, industrial automation, and others. The automotive sector holds a significant market share due to the integration of embedded displays in infotainment systems, dashboards, and rear-seat entertainment systems. By end-user industry, the market is segmented into automotive, healthcare, retail, aerospace and defense, and others.

By Region Analysis

The embedded display market is analyzed across regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America leads the market due to the presence of key players, technological advancements, and the high adoption rate of smart devices. Europe follows closely with a significant market share attributed to the automotive and healthcare sectors. The Asia Pacific region is expected to witness the fastest growth during the forecast period due to the rapid industrialization, increasing investments in display technology, and the growing consumer electronics market.

Key Market Players and Competitive Landscape

The key players in the embedded display market include LG Display Co., Ltd., Samsung Electronics Co., Ltd., AU Optronics Corp., Japan Display Inc., and Sharp Corporation. These companies focus on product innovation, strategic partnerships, and acquisitions to enhance their market presence and cater to the evolving consumer demands. The competitive landscape of the market is characterized by intense competition, technological advancements, and a focus on research and development to introduce innovative display solutions.

Recent Happenings in the Embedded Display Market

- In May 2022, LG Display announced the launch of a new line of OLED embedded displays for automotive applications, featuring high resolution, brightness, and energy efficiency. - Samsung Electronics introduced a transparent OLED display for retail applications in June 2022, providing an interactive and immersive shopping experience for customers. - AU Optronics Corp. collaborated with a leading automotive manufacturer to develop customized embedded display solutions for futuristic vehicles with advanced driver assistance systems. - Japan Display Inc. partnered with a healthcare technology company to integrate touchless embedded display panels in medical devices for improved patient care and monitoring. - Sharp Corporation unveiled a flexible OLED display prototype for wearable devices and smart wearables, showcasing the company's commitment to innovation in display technology.