Emerging Display Technology Market Size, Share, Growth, and Industry Analysis, By Type (OLED, Digital Holography, VRD, True 3D, and others), By Application (Mobile Devices, TVs, PCs, and others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Emerging Display Technology Market REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

global emerging display technology market size was USD 25850 million in the year 2022 and market is projected to touch 130396.9 Million by 2031, exhibiting a CAGR of 19.7% during the forecast period.

Emerging display technology refers to any display technology that is not yet widely used or commercially available. OLED, quantum dots, transparent displays, and flexible displays are examples of such technologies. The term "emerging display technology" refers to the various new display technologies that are currently being developed or have recently been released. OLED displays, quantum-dot displays, and micro-LEDs are examples of these technologies. While each of these technologies has its own set of benefits and drawbacks, they all have the potential to outperform traditional LCD displays in terms of image quality, energy efficiency, and size. Emerging Display Technology are significant because of their ability to provide better visuals for devices such as smartphones, tablets, laptops, and televisions while using less power.

OLED, or organic light-emitting diode, is a type of display technology that generates light from organic compounds. OLEDs consume less energy than traditional LCDs and can be used to create thinner, more flexible displays. Digital holography is a type of display technology that creates a three-dimensional image using digital data. Security, medical imaging, and entertainment can all benefit from digital holography. True 3D Emerging display technology is beneficial in the fields of security, medical imaging, and entertainment. It works by providing an immersive experience to help people see things in a whole new light. This technology is still in its early stages of development, but it has enormous potential for future growth.

COVID-19 Impact: rise in demand of the product due to lockdowns

The market for emerging display technology is being driven by the increasing use of OLED displays in various applications, the increasing use of LED displays for video walls, TVs, and digital signage applications, the growing demand for interactive displays in various applications, and the rising demand for display-based medical equipment, including ventilators and respirators, as a result of the COVID-19 pandemic. Furthermore, the outbreak has a positive impact on the enterprise's business operations, which affects the market as a whole. This has had an impact on the industry in a positive way.

LATEST TRENDS

"Growing Popularity of Curved Displays to stimulate market expansion"

Monitors are designed for single users, and the benefits of curved displays are more noticeable in monitors than in TVs. Despite the fact that the production cost of these monitors is high due to the wastage cost incurred while developing small-screen products, the market will be more sustainable than curved TVs. Many display device manufacturers are working to improve display characteristics such as weight, flexibility, resolution, and pixels. The efforts of vendors to promote the concept of curved displays in TVs and monitors will generate demand for curved devices as end-users become aware of their capabilities. Thus, the process of growing popularity of curved displays is a major trend that is creating opportunity for the industry to flourish. The market's overall expansion is primarily the result of these recent changes.

Emerging Display Technology Market SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

The market is divided into categories based on type, OLED, Digital Holography, VRD, True 3D and others.

• By Application

The market is divided into Mobile Devices, TVs, PCs and other categories based on application.

DRIVING FACTORS

"Increased Creation of Flexible Displays that Boosts the Market"

Monitors are intended for single users, and the advantages of curved displays are more noticeable in monitors than in televisions. Despite the fact that the production costs of these monitors are high due to the waste costs incurred when developing small-screen products, the market will be more sustainable than curved TVs. Many display device manufacturers are working to improve display properties like weight, flexibility, resolution, and pixels. As end-users become aware of the capabilities of curved devices, vendors' efforts to promote the concept of curved displays in TVs and monitors will generate demand for curved devices. Consequently, during the predicted period, increased product dependence will support industry growth. As a result, the market will benefit from growth and increased creation pf flexible displays. It will help the semiconductor and electronics sector flourish and accelerate the Emerging Display Technology market growth.

"Growing Demand for 3D display is expanding to support market expansion"

3D displays use various technologies to create images with depth perception, such as multi-view, stereoscopic, and 2D-plus-depth displays. However, viewing current 3D displays requires the use of special 3D glasses. A polarised 3D system (or autostereoscopic system) and an active shutter 3D system are two display technologies that do not require special glasses. The global 3D display market's prospects are improving as bandwidth speeds increase. The rapid development of infrastructure capable of supporting high-speed Internet around the world will facilitate market growth by increasing the adoption of 3D displays. Together, these elements are encouraging market expansion, which is raising business revenues. As a result, the market will grow thanks to the growing demand for 3D displays.

RESTRAINING FACTORS

"Product customization and infrastructure Will Prevent Market Expansion"

Because everyone has grown accustomed to HD quality experiences in all electronic devices, it would be difficult to tolerate the limited colour palettes. This is due to the superior performance of glass displays over plastic displays. As previously stated, the performance of a glass display is far superior to that of a plastic display. Currently, the bendable screen phone faces Slow Frame Rate, which refers to the frequency with which text, picture, video, and so on are displayed. Because the bendable substance is bent more frequently to meet the needs, the screen is likely to wear away over time. Let's hope it doesn't happen any sooner than expected. This will be a significant impediment to market growth during the forecast period. This could be a significant issue limiting market growth. If this issue is resolved, the market will immediately begin to grow.

Emerging Display Technology Market REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"The Market is Globally Dominated by North America"

Since this area is the largest user of the product, the market for Emerging Display Technology in North America has profited from the region's expanding industrial development and several driving factors that have boosted the potential sectors. The increasing demand for products in the Mobile Devices, TVs, PCs industries is one of the important factors driving the Emerging Display Technology Market Share. Rapid urbanisation trends will further strengthen the market as a whole.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The analysis covers data on market participants and their positions within the industry. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more is provided in the study on materials.

List of Market Players Profiled

• Ritdisplay (Taiwan)
• Samsung (South Korea)
• Pioneer (Japan)
• Segme (U.S.)
• EON Reality (U.S.)
• Lyncee Tec (U.S.)
• RealView Imaging (Israel)
• LEIA (California)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost Emerging Display Technology Market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.