The display industry is forecasted to reach USD 173.7 billion by 2029, up from USD 135.2 billion in 2024, at a CAGR of 5.1%. This growth is documented in the report "Display Market by Display Technology, Resolution, Panel Size, Panel Type, Dimension, Product, Vertical, and Region," which underscores the significant investments being made across the sector.
Asia Pacific stands out as a primary driver of this growth, with major companies establishing manufacturing bases in the region. The demand for advanced display technologies like OLED, LCD, micro-LED, and quantum dots is on the rise, particularly in consumer electronics such as smartphones and televisions.
OLED technology, prized for its vibrant colors and flexibility, is becoming the choice for high-end products, while LCDs maintain a strong presence in budget markets. Nonetheless, challenges such as oversupply and price competition are prompting manufacturers to innovate, particularly with mini-LED and quantum dot displays.
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As the demand for larger and higher-resolution displays escalates, the display market will continue to evolve, driven by consumer needs and technological advancements.
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