Global Next Generation Display Market – Industry Trends and Forecast to 2029

Global Next Generation Display Market, By Ingredients (Carbon NanoTubes (CNT), Quantum Dots, Other Nanomaterials), Display Technology (OLED Display Technology, Electroluminescent Display Technology, Electro Wetting Display Technology, Field Emission Display Applications Electrophoretic Display Technology, LED Display Technology), Resolution (3840x2160, 4096x2160, 3996x2160, 5120x3200, 5120x2160), Application (Mobile Phones Market, Consumer Electronics, Industrial Applications, Movie/Entertainment, TV/Monitors, Automotive, Advertising, E-Reader) – Industry Trends and Forecast to 2029

Next Generation Display Market Analysis and Size

The media device market is anticipated to change intensely due to recent environmental and technological factors, such as an increase in one-person households, the consumers need for an improved sense of reality and shifting content consumption patterns from broadcast to streaming-based services. For consumers’ requirements for highly realistic media, not only technologies for improving resolution such as 8K TVs, but also highly immersive media and new services and devices an, such as high-resolution 3D videos, are anticipated to appear The rising population of one-person households increases the demand for new form factor media devices which would permit the consumers to enjoy the high-quality streaming-based services such as Over-the-Top (OTT) conveniently, without space and time limitations.

Data Bridge Market Research analyses that the next generation display market was valued at USD 221.67 billion in 2021 and is expected to reach USD 454.83 billion by 2029, registering a CAGR of 9.40% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Next Generation Display Market Scope and Segmentation

Market Definition

Next-generation displays are more advanced than plasma and LCD displays and consume less energy. These next-generation displays are useful in upgrading the displays of numerous items, such as e-readers and give us better performance. Next-generation screens are suitable for a diverse environments and need little upkeep. Due to their better heat resistance property, it is used in television screens, computer monitors, and other electronic devices. The characteristics of next-generation displays are greater display quality, improved backlighting and High resolution.

Next Generation Display Market Dynamics

Drivers

• Shifting towards new trends

The global next-generation display market shifting their trends such as in the broader viewing angles, display market and high-resolution tablets and smartphones, displays, smart TVs, digital cameras, projectors and camcorders, these product are available in the 4K technology. Also, the demand for large screens is growing in the smart TV market which is likely to increase rapidly in the next few years.

• Rising demand for flexible display

Flexible displays have witnessed tremendous growth over the past few years; whereas the primary technology included unbreakable rugged displays, it has now transitioned to rollable and bendable displays. These are compact in size and consume less power which prolonging battery life. They include flexible FED, LED, OLED, electrowetting, electroluminescent, electrochromic, and electrophoretic displays. The rising demand of flexible generation display increase the growth of the next generation display market

Furthermore, increasing disposable income and growing urbanization will drive market value growth. The industries are expected to boost their use of next-generation displays due to the increasing trend of sustainable printing.

Opportunities

• Increase in Demand from Consumer Electronics 

Developments in nanotechnology and optoelectronics have transformed display technology. The environmental worries, increase the tremendous interest for energy efficient items. With spending less vitality it is giving different features, for instance, high resolution, better presentation quality and improved backdrop illumination are given by cutting edge show advancements. 

Moreover, increasing the number of emerging new markets and growth in strategic collaborations will act as market drivers and increase the profitable opportunities for the market's growth rate.

Restraints/ Challenges

• High cost

The expensive cost of the raw materials which is utilized for the manufacturing of this display, more high-priced articles as associated with other display technologies and Upraised research and development expenses are projected to limit the demand of this display and obstruct the growth of this market during forecast period of 2022-2029.

This next generation display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the next generation display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Next Generation Display Market

The outbreak of covid-19 has significantly impacted several industries and affects the next generation display market. The ongoing pandemic imposed the lockdown worldwide. The impact of COVID-19 on the industry is temporary as just the supply chain and display production is delayed. Once the situation improves, supply chains, production and demand of targeted products will gradually upsurge. The COVID-19 pandemic is making the stock market uncertain and increasing consumer panic.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Next Generation Display Market Scope

The next generation display market is segmented on the basis of ingredients, display technology, resolution and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Ingredients

• Carbon NanoTubes (CNT)
• Quantum Dots
• Other Nanomaterials

 Display Technology

• OLED Display Technology
• Electroluminescent Display Technology
• Electro Wetting Display Technology
• Field Emission Display Applications Electrophoretic Display Technology
• LED Display Technology

Resolution

• 3840x2160
• 4096x2160
• 3996x2160
• 5120x3200
• 5120x2160

Application

• Mobile Phones Market
• Consumer Electronics
• Industrial Applications
• Movie/Entertainment
• TV/Monitors
• Automotive
• Advertising
• E-Reader

Next Generation Display Market Regional Analysis/Insights

The next generation display market is analysed and market size insights and trends are provided by country, ingredients, display technology, resolution and application as referenced above.

The countries covered in the next generation display market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Asia-Pacific (APAC) is anticipated to provide lucrative market ground in volume and revenue due to the substantial electronic appliances hub and entrance of major market players in this region.

North America is anticipated to be the fastest developing region due to increasing demand for OLED displays and technological advancements as a result of increasing disposable income and changing lifestyles among consumers in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Next Generation Display Market Share Analysis

The next generation display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to next generation display market.

Some of the major players operating in the next generation display market are:

• Samsung (South Korea)
• LG Display Co Ltd (South Korea)
• Panasonic Corporation Co, Ltd (Japan)
• Japan Display Inc (Japan)
• AUO Corporation (Taiwan)
• BOE Technology Group Co., Ltd (China)
• Corning Incorporated (U.S.)
• FlexEnable Limited (U.K.)
• Kateeva (U.S.)
• Sony Corporation (Japan)
• Pioneer Corporation (Japan)
• WiseChip Semiconductor Inc. (Taiwan)
• WINSTAR Display Co., Ltd. (China)
• Visionox Company (China)
• SHARP CORPORATION (Japan)
• Innolux Corporation (Taiwan)
• RAYSTAR OPTRONICS, INC, (Taiwan)
• RITEK CORPORATION (Taiwan)
• OSRAM GmbH (Germany)
• Plessey (U.K.)