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According to a new market research report, "Global Display Market (2012 - 2017)" from MarketsandMarkets (www.marketsandmarkets.com) the total global display market is expected to reach US$164.24 billion by 2017, at a CAGR [compound average growth rate] of 3.1% from 2012 to 2017.
The global display market comprises the one by technology and the other by type. The display technology is differentiated as follows: e-ink display, OLED display, TFT-LCD display, LED-LCD display, LED display, DLP, LCoS display and Plasma display. The e-ink display is basically deployed in e-reader product applications while LCD and LED types are primarily involved in televisions products. LCoS displays have a high market share in projector equipment.
The OLED display has a huge market share in smartphone and related applications and is set to be the major display technology in future with more demand for smartphones and relevant applications. OLED is projected to grow at a CAGR of 31.2% with revenue worth $5.10 billion in 2017.
The major technologies that will contribute more to the global display market are OLED, e-Ink, DLP and LCoS, expected to grow at a CAGR greater than 30%, while TFT-LCD and LED technologies will grow at a CAGR of less than 20%, all from 2012 to2017. The display type includes conventional display, flexible display, transparent display and 3D display.
Among these, the flexible display type is projected to increase its market share in the next five years down the line. The market for conventional displays won't witness much growth as compared to the other display types. While the transparent display won't see any growth until 2013 because of it being in development stage, it will catch up in late 2014-15, growing at a CAGR of 91.1% with increase in demand for it only after it is commercially successful. The 3D display has made its point to continue to provide the display needs in the healthcare application segment and will grow at a CAGR of 26.1% from 2012-2017.
The global display application market is expected to reach $164.24 billion by 2017, at an estimated CAGR of 3.1% from 2012 to 2017 and with consumer application contributing to the global display application market with a share of 62.71% in 2017 from 64.27% in 2012, a decline of 1.58%. North America is the leading region in the overall display market, followed by Europe and APAC. In ROW, Middle East and Africa are the largest contributors.
MarketsandMarkets is a global market research and consulting company based in the U.S.