Electronic Display Market Size To Reach $199.8 Billion By 2030

Electronic Display Market Growth & Trends

The global electronic display market size is expected to reach USD 199.8 billion by 2030, registering a CAGR of 3.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. Surge in demand for electronic displays in a number of applications including consumer electronics, digital signage, and automation, is expected to drive the market over the forecast period. Growing demand for screens equipped with high-resolution displays is anticipated to drive growth for mobile devices such as smartphones and tablets.

Growing adoption of 3G and 4G communication technologies owing to their affordability, along with the availability of Wi-Fi in private as well as commercial spaces has positively impacted the popularity of video streaming, thereby opening new avenues for market growth.

There have been significant advances in electronic display technologies over the past few years. Cathode ray tubes were prominently used in the electronic display market for several years until they were replaced by more advanced plasma, LCD, and LED display technologies.

LED and OLED displays experienced high market penetration over the last few years, and are expected to witness similar trends over the forecast period. Flourishing mobile commerce and gaming markets have resulted in a growing demand for smartphones and tablets with high-resolution screens.

However, manufacturer responsibilities have increased owing to the enforcement of the Restriction of Hazardous Substances (RoHS) and Waste Electronics and Electrical Equipment (WEEE) standards. The standard intends on decreasing the amount of hazardous e-waste, which may negatively impact the environment.

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Electronic Display Market Report Highlights

• The OLED technology segment is expected to grow at a CAGR of over 15% over the forecast period. OLED displays offer benefits such as high resolution and ultra-high clarity to enhance the value proposition for consumers. These factors have led to increased adoption of AMOLED displays in smartphones. In addition, several OLED makers including BOE display and CSoT in China are heading towards increasing OLED TV production, which is expected to fuel its growth over the future.

• Consumer electronics application contributed to over 51.0% of the overall global revenue shares in 2023. Increasing penetration of consumer electronics is expected to witness healthy growth in Asia Pacific. The proliferation of m-commerce and gaming is anticipated to contribute towards smartphone and tablet growth, which in turn drives the electronic display demand over the next few years. Increasing demand for LED and OLED TVs is also expected to propel the industry growth.

• Retailers across the U.S. and Europe are widely adopting digital signage solutions for effective customer targeting. Combined with customer smartphone apps and in-store discounting, digital signage provides a significant advantage to the retailers in terms of capturing customer attention and marketing strategy.

• The Asia Pacific electronic display market dominated the global market and accounted for the largest revenue share of 41.2% share in 2023. Major manufacturers in the industry are based in countries from the Asia Pacific region, such as Taiwan and China, owing to cheap labor and higher production capacities. This has led to increased adoption of electronic displays in the region

Electronic Display Market Segmentation

Grand View Research has segmented the global electronic display market based on technology, application, end use, region:

Electronic Display Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• LCD

• LED

• OLED

• Others

Electronic Display Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Consumer Electronics

• Digital Signage

• Automotive Display

• Others

Electronic Display End use Outlook (Revenue, USD Billion, 2018 - 2030)

• Retail

• Entertainment

• Corporate

• Healthcare

• Government

Electronic Display Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Taiwan

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • KSA

  • UAE

List Of Key Players Electronic Display Market

• ActiveLight Inc.

• AUO Corporation

• CASIO COMPUTER CO., LTD.

• LG Electronics

• TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION

• Sony Group Corporation

• Zenith Electronics, LLC

• Samsung

• SHARP CORPORATION

• Innolux Corporation