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tablet notebook display market REPORT OVERVIEW
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The global tablet notebook display market size was 16030.65 million in 2021 and is expected to reach USD 24792.2 million by 2027, exhibiting a CAGR of 7.54% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with tablet notebook display experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
Tablet notebook displays are a crucial component of modern computing devices, contributing significantly to the overall user experience. These displays are designed to offer high resolution, color accuracy, and touch sensitivity, catering to the needs of users who require portable yet powerful computing solutions. Typically, tablet notebook displays come in various sizes, ranging from compact sizes for enhanced portability to larger sizes for improved productivity and multimedia consumption. These displays often incorporate technologies such as IPS (In-Plane Switching), OLED (Organic Light-Emitting Diode), and AMOLED (Active-Matrix Organic Light-Emitting Diode) to provide vibrant colors, wide viewing angles, and energy efficiency.
There has been a notable trend toward bezel-less designs, which maximize the screen-to-body ratio and offer a more immersive viewing experience. Furthermore, advancements in touchscreen technology have led to the development of highly responsive and precise displays, allowing users to interact with their devices more intuitively through touch, stylus, or digital pen input. Moreover, with the increasing demand for versatile computing devices that can serve both entertainment and professional needs, tablet notebook displays have evolved to support features such as high refresh rates, HDR (High Dynamic Range) for improved visual quality, and adaptive brightness for better viewing in various lighting conditions.
COVID-19 IMPACT: Surge in Demand for Tablets and Notebooks to Boost Demand Significantly
COVID-19 had a life changing impact globally. The market growth was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for tablet notebook display share experienced an increased demand.
Lockdowns and restrictions on manufacturing facilities and transportation disrupted the supply chain, leading to component shortages and delayed production schedules. This, in turn, affected the availability of tablets and notebooks, including their displays. Despite the challenges, competition within the tablet and notebook display market remained intense. Companies continued to invest in research and development to introduce innovative technologies, such as blue light filters and improved color accuracy, to address the growing demand for devices suitable for extended screen time and remote work.
With the increase in remote work and online education, there was a surge in demand for tablets and notebooks. Consumers sought devices with better display quality and larger screens to facilitate improved productivity and enhanced viewing experiences. The prolonged periods spent on digital devices prompted consumers to prioritize better display quality, including higher resolutions, improved color accuracy, and reduced blue light emission. This shift in consumer preferences led manufacturers to invest more in the development of advanced display technologies. The market is anticipated to boost the market growth following the pandemic.
LATEST TRENDS
"Advancement in Technology to Broaden Market Growth"
Manufacturers might have started introducing more foldable and roll able displays, providing users with the flexibility to switch between tablet and notebook modes, enhancing portability and versatility. The integration of mini-LED and micro-LED technology may have become more prominent, leading to displays with improved contrast, higher brightness, and better energy efficiency, catering to the demand for premium visual experiences.
There might be a greater emphasis on developing high-performance touchscreens with enhanced sensitivity and responsiveness, enabling smoother and more intuitive interactions with tablets and notebooks. Manufacturers may have focused on creating more durable and sustainable displays, integrating scratch-resistant and shatterproof materials, as well as eco-friendly components, in response to the growing awareness of environmental sustainability among consumers. These latest developments are anticipated to boost the tablet notebook display market share.
tablet notebook display market SEGMENTATION
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- By Type
Based on type, the market is divided into Less than 10 inches, 10 to 15 inches and More than 15 inches.
- By Application
Based on application, the market is bifurcated into Consumers and Enterprises.
DRIVING FACTORS
"Increasing Demand for Portable Computing Devices to Boost Market Share"
The rising demand for portable and versatile computing devices, driven by the need for mobility and productivity, has been a significant factor propelling the growth of the tablet and notebook display market. The increasing popularity of hybrid and convertible devices, which can function both as tablets and notebooks, has led to a surge in demand for high-quality displays that offer seamless transitions between various modes of use. These factors are anticipated to drive the tablet notebook display market.
"Expanding Gaming & Entertainment Industry to Boost Market Size"
The rapid expansion of the gaming and entertainment industry has led to a growing demand for tablets and notebooks with high-performance displays that can deliver immersive gaming experiences and high-quality multimedia content. Ongoing innovation in touchscreen technology, such as the integration of multi-touch capabilities and stylus support, has played a significant role in driving the tablet and notebook display market, catering to the demand for intuitive and interactive user interfaces. These factors are anticipated to drive the market.
RESTRAINING FACTORS
"Intense Competition to Hamper Market Share"
The market is highly competitive, with numerous manufacturers vying for market share. Intense competition can lead to price wars and reduced profit margins, affecting the overall growth of the tablet and notebook display market. With smartphones becoming increasingly advanced and capable of performing tasks traditionally reserved for tablets and notebooks, the tablet and notebook display market may face challenges from the growing competitiveness of smartphones, leading to a slowdown in market growth. The factors are anticipated to hinder the growth of the tablet notebook display market growth.
tablet notebook display market REGIONAL INSIGHTS
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"Asia Pacific to Dominate the Tablet Notebook Market "
The Asia Pacific region has been at the forefront of technological advancements, with continuous research and development activities in the field of display technology. This has enabled manufacturers in the region to produce cutting-edge displays that meet the demands of global consumers. The increasing consumer demand for electronic devices, including tablets and notebooks, across emerging economies in the Asia Pacific region has contributed to its position as a major shareholder. The growing middle class, urbanization, and rising disposable incomes have driven the demand for technologically advanced devices with high-quality displays.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.
List of Market Players Profiled
- AU Optronics [Taiwan]
- LG Display [South Korea]
- Toshiba Corporation [Japan]
- Apple Inc. [U.S.]
- Chi Mei Corporation [Taiwan]
REPORT COVERAGE
This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 16030.65 Million in 2021 |
Market Size Value By |
US$ 24792.2 Million by 2027 |
Growth Rate |
CAGR of 7.54% from 2021 to 2027 |
Forecast Period |
2022-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the tablet notebook display market expected to touch by 2027?
The global tablet notebook display market is expected to reach USD 24792.2 million by 2027.
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What CAGR is the tablet notebook display market expected to exhibit by 2027?
The tablet notebook display market is expected to exhibit a CAGR of 7.54% by 2027.
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Which are the driving factors of the tablet notebook display market?
Increasing Demand for Portable Computing Devices and Expanding Gaming & Entertainment Industry are drivers of this tablet notebook display market.
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Which are the top companies operating in the tablet notebook display market?
AU Optronics, LG Displays, Toshiba Corporation, Apple Inc. and Chi Mei Corporation are key companies operating in the tablet notebook display market.