According to forecasts, the global LCD Display Market will experience significant growth in the coming years, with an expected revenue of USD 163.88 billion by 2030 and a revenue CAGR of 10.3% during the forecast period. The growth of the Micro-LED Display market is being driven by an increasing demand for quality Micro-LED Displays, particularly in the smart appliance industry, and advancements in OLED technology and miniaturization of parts.
In addition, Micro-LED Displays are being used as digital signage in various industries, including sports, media, and entertainment, and this trend is expected to continue. Digital signage has become an important part of advertising, and with advancements in display technologies, there are now more display applications available beyond scoreboards, way finders, and advertising. This is increasing the adoption of digital signage, which is expected to drive growth of the Micro-LED Display market.
Furthermore, the global market is expected to be positively impacted by the increasing demand for smart wearables and the adoption of smart classrooms in many countries. The education sector is emphasizing the use of interactive methods to enhance the learning experience, and smart and interactive LCD panels are being used in educational institutes to make learning more engaging. This is expected to provide a major boost to the global market.
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Some Key Trends of the Micro-LED Display Market:
- The market is expected to reach USD 163.88 billion by 2030, with a revenue CAGR of 10.3% during the forecast period.
- Growing consumer demand for quality Micro-LED Displays is driving revenue growth in the market.
- Advancements in OLED technology and miniaturization of parts are also contributing to market growth.
- Micro-LED Displays are increasingly being used as digital signage in various industries, such as sports, media, and entertainment.
- Digital signage has become an important part of advertising, and advancements in display technologies have created more display applications beyond scoreboards, wayfinders, and advertising.
- The increasing adoption of digital signage is expected to drive growth of the Micro-LED Display market.
- There is a rising demand for smart wearables, which is expected to have a positive impact on the global Micro-LED Display market.
- The education sector is emphasizing the use of interactive methods, and smart and interactive LCD panels are being used in educational institutes to enhance the learning experience, providing a major boost to the global market.
Key Players covered in this report are
LG Display Co. Ltd., Samsung Electronics Co. Ltd., Innolux Corporation, AU Optronics Corporation, Sharp Corporation, Japan Display Inc., BOE Technology Group Co. Ltd., Panasonic Corporation, HannStar, and Chunghwa Picture Tubes Ltd.
By Application Outlook
- Smartphones
- Television Sets
- PC Monitors and Laptops
- Tablets
- Smart Appliances
By Panel Resolution Outlook
- 8K
- 4K
- FHD
- HD
By Panel Size Outlook
- Micro
- Small and Medium-sized
- Large
By Display Type Outlook
- LCD
- OLED
- Micro-LED
By End-use Outlook
- Consumers
- Education
- Automotive
- Sports Entertainment
- Healthcare
- Defense Aerospace
- Others
Key Regional Markets Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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