The Electronic Display Devices Market is expected to grow at a CAGR of 5.1% to reach USD 47.7 billion by 2028. The electronic display devices market is experiencing a transformative period due to technological innovations, with quantum dot (QD) technology leading the charge. This advanced technology is revolutionizing both the display and lighting industries by offering customizable color emission and increased brightness. Traditional displays frequently encounter issues with color accuracy at higher brightness levels, resulting in faded hues. To address this challenge, market leaders like Samsung have integrated QD technology into their light-emitting diode (LED) displays, delivering superior color fidelity and energy efficiency.
APAC dominates the regional market because of The Electronic Display Devices (EDD) market encompasses a broad spectrum of technologies, including LCD, OLED, and plasma displays. These advanced technologies are utilized in various applications, such as televisions, monitors, and mobile devices. The market's growth is driven by increasing consumer demand for larger, higher-resolution displays, as well as advancements in technology leading to improved energy efficiency and cost savings. Companies in this sector are focusing on innovation and differentiation to stay competitive, resulting in a dynamic and evolving market landscape.
There are various factors that drive the Electronic Display Devices Market market which are as following: The electronic display devices market is experiencing robust growth, fueled by continuous innovation and the introduction of advanced technologies. New product launches play a pivotal role in market expansion, providing consumers with enhanced experiences. In March 2024, Samsung Electronics Singapore unveiled its latest Neo QLED 8K, Neo QLED, and OLED TVs, alongside new sound systems, at an event held at Jewel Changi. This launch showcased Samsung's leadership in AI-driven television technology, offering visitors a glimpse into the future of next-generation AI TVs. These cutting-edge products are poised to set new industry benchmarks, delivering superior picture quality and intelligent features that significantly enhance user experiences.
Be the first one to get the industry updates. Request for a sample report
Electronic Display Devices Market Segmentation
The market witnesses several challenges, which are as follows The escalating use of electronic display devices, including smartphones, tablets, and televisions, has led to a substantial increase in electronic waste (e-waste). At the end of their useful life, these devices are frequently discarded, donated, or sent for recycling. The United Nations defines e-waste as any discarded product with a battery or plug, which may contain hazardous materials such as mercury, posing significant risks to both human health and the environment. In 2021, the global average e-waste generation reached 7.6 kg per person, resulting in a staggering 57.4 million tons worldwide. Regrettably, only 17.4% of this waste was effectively collected, treated, and recycled, highlighting the pressing need for efficient e-waste management and consumer education to minimize environmental consequences.
Stay ahead of your competitors. Download the Free PDF report
Some of the key companies that have been profiled in the report include:
The global electronic equipment and instruments market is a significant segment within the larger electronics industry, encompassing manufacturers of advanced technology products and components. According to Technavio's market analysis, this market's size is determined by the revenue generated from the sales of associated ICT and electronics products, equipment, and components. Key growth drivers include the escalating demand for electronic test and measurement tools, fueled by technological innovations and digital transformations in various sectors such as semiconductors, automotive, IT, consumer electronics, industrial, energy, and healthcare. - The Electronic Display Devices Market is experiencing significant growth, fueled by the New electronic display devices launches. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
The Electronic Market is thriving with the innovation and advancement of various electronic devices, including Laptops, Smart watches, and other advanced gadgets. These devices have revolutionized industries such as Healthcare, Entertainment, Retailing, and Automobiles, with the help of advertising and video streaming on High-resolution displays. LED displays, Plasma displays, and Cathode ray tubes have been the traditional choices for electronic displays, but the market is now shifting towards High-resolution display technologies like AMOLED, OLED, Rigid LCD displays, and Flexible AMOLED displays. Consumer electronics, such as Smartphones, Tablets, and Mobile devices, are leading the charge in this technological revolution. Smart devices are increasingly being used in Digital signage applications, transforming industries like retail and healthcare with their interactive and informative capabilities. Automation in industries is also being driven by the use of electronic displays, making processes more efficient and productive. The future of electronic displays is bright, with advancements in display technologies and their applications in various industries. From advertising on digital billboards to video conferencing on high-resolution displays, the possibilities are endless. The Electronic Market is expected to continue growing, with consumer electronics and digital signage being major contributors to its growth.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
