Published: Sep-2022|  Format: PDF | MBI Research |  Number of pages: 138 | Code: MBI-3927536

Next Generation Display Materials Market Size, Share, Growth & Demand Analysis Report by Product Type (Thin-Film Transistors LCD (TFT-LCD), Organic Light Emitting Diode) By Application (Smartphones, Automotive Displays, Tablets, & Others application) Forecast Report 2022-2030

Select a Format




 Buy Now

Market Overview:

The global next-generation display materials market size was valued at USD 185.92 billion in 2021 and is projected to register a valuation of USD 430.03 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 10.8% over the forecast period 2022-2030.

Market Introduction:

Increasing demand for OLED displays, rise in disposable income among consumers, change in lifestyle, and advancement in technology are some of the major factors that support the growth of the market.

The rising demand in the market can be linked to the growing popularity of large screen displays. The laptop and tablet segment constitutes a significant percentage of sales and is expected to grow at a steady rate during the forecast period. Continuous development in panel manufacturing, the introduction of 8K televisions, and increasing emphasis on visual comfort are some of the factors driving the global next-generation display materials market growth.

Display research is the field most closely related to the realization of human desires. It is a product intended to reflect the desire to see, feel, and touch the real thing. Therefore, the display is continuously developing and evolving compared to other fields. 4K and 8K UHD-TVs are on sale in Full HD TVs. OLED is evolving into a mass-produced product that can be folded or rolled in a direction that can reduce the border area and utilize the screen 100%. At the same time, the field of application to information technology (IT) products such as laptops and monitors is expanding beyond smartphones.

Covid-19 Impact Analysis by Market Business Insights:

The outbreak of COVID-19 and the subsequent extent of lockdown have impacted the global next-generation display materials market. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which negatively affect the next-generation display industry in terms of revenue.

The key manufacturers including LG Display, Samsung, and Xiaomi, among others, have suspended their manufacturing operations in India, China, South Korea, and European countries. However, in the long term, demand from end-users in the automotive, consumer electronics, and other sectors will increase.

What are the Global Next Generation Display Materials Market Drivers?

Increasing demand for laptops, smartphones, Televisions, tablet devices, and other display devices are driving the revenue growth of the global next-generation display market. Rising preference for more thin and light display systems and devices and rapid technological advancements in the electronics industry are some of the vital factors that are currently driving the growth of the next-generation display market.

LCD, which has long been at the forefront of thin-film displays, is rapidly giving its lead to OLED, while OLED is creating a new market for flexible devices by showcasing the characteristics and benefits of its materials.

The rising adoption of OLED technology in the display industry and changing automotive industry scenario create opportunities for next-generation display material providers. Other factors projected to drive the revenue growth of the global next-generation display market include changing trends in the display market, wide viewing angles and high-resolution tablets, smartphones and displays, projectors, digital cameras, smart TVs, and camcorders.

Who are the Major Companies in the Global Next Generation Display Materials Market?

  • Philips
  • Sony
  • Universal Display Corporation (UDC)
  • Kyocera
  • LG
  • Samsung Electronics
  • Nova
  • Apple Inc.
  • Doosan Corporation
  • DowDuPont Inc.
  • eLux, Inc.
  • Idemitsu Kosan Co., Ltd.
  • JBD Inc.
  • LG Display Co., Ltd.
  • Merck Group
  • Nanoco Group plc
  • Nanosys Inc.
  • Novaled GmbH
  • Optovate Limited
  • PPG Industries Inc.
  • Plessey Semiconductors

Global Next Generation Display Materials Market Segmentation:

The Global next generation display materials market is segmented by product type, application, and region. On the basis of product type, the market is segmented as, Thin-Film Transistors LCD (TFT-LCD), Organic Light Emitting Diode (OLED), and others. On the basis of application, the market is segmented as Smartphones, Automotive Displays, Laptops and Tablets, and Others. By region Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

By Product Type:

OLED screens are in high demand due to advanced features such as thin structure, high resolution, and lightweight material.

  • Thin-Film Transistors LCD (TFT-LCD)
  • Organic Light Emitting Diode (OLED)

By Application:

When compared to other application segments in the global market, monitors and television contributed a larger revenue share.

  • Smartphones
  • Automotive Displays
  • Tablets
  • Others

Regional Analysis:

The global next-generation display materials market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

The Asia Pacific will witness rapid growth in the market.

The Asia-Pacific presents a very lucrative market for the holographic display market due to the presence of highly advanced countries in developing economies as well as consumer electronics industries such as China, Taiwan, and South Korea. Although the market in India is at a very nascent stage, however, with a developing economy driven by a retail sector, rising spending on advertising, and improving public and private infrastructure in India, the demand for next-generation displays is expected to increase during the forecast period.

In addition, the expansion of consumer electronics manufacturing capabilities, especially in the south-central region of China, is expected to increase with an increase in exports to neighboring Southeast Asian countries and a fall in average selling prices.

Report Coverage:

Market Segmentation:

By Product Type

  • Thin-Film Transistors LCD (TFT-LCD)
  • Organic Light Emitting Diode (OLED)

By Application

  • Smartphones
  • Automotive Displays
  • Tablets
  • Others

By Region

North America

  • The US
  • Canada
  • Mexico

Europe

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa



Inquiry before buying

Request Sample

Request for Discount

Latest News

Global UAV Propulsion System Market to Grow at a (CAGR) of 11.8% during the Forecast Period 2022-2030

26-Sep-2022 | Semiconductor

As specified in the market business insights exclusive report, the global UAV Propulsion System Market is projected to reach USD 34,258.31 million by 2030. Growth Drivers: Market dynamics are the forces that influence the prices and b ...

Global Autonomous Vehicle Simulation Solution Market to Grow at a (CAGR) of 12.8% during the Forecast Period 2022-2030

24-Sep-2022 | Automobile

As specified in our exclusive report, the global Autonomous Vehicle Simulation Solution Market is projected to reach USD 2,515 Million by 2030. Growth Drivers: Increasing adoption of connected ve ...

Global Active Space Debris Removal Market to Grow at a (CAGR) of 23.9% during the Forecast Period 2022-2030

23-Sep-2022 | Aerospace & Defense

As specified in our exclusive report, the Global  Active Space Debris Removal Market size is projected to reach USD 452.65 million by 2030. According to the European Space Agency (ESA), there have been more than 5,000 launches into space ...

Global Small Arms Market to Grow at a (CAGR) of 4.8% during the Forecast Period 2022-2030

22-Sep-2022 | Aerospace & Defense

As specified in our exclusive report, the Global Small Arms Market is projected to reach USD 12.88 billion by 2030. The defense sector is upgrading weapons and ammunition and adopting more modern weapon systems, and deployments at military bases, i ...

Global RFID in Healthcare Market to Grow at a (CAGR) of 21.5% during the Forecast Period 2022-2030

21-Sep-2022 | Pharmaceuticals & Healthcare

As specified in our exclusive report, the Global RFID in Healthcare Market is projected to reach USD 12.06 billion by 2030. How RFID is Use in Healthcare Market? RFID applications in healthcare have been positi ...

More News...