According to the research report titled ‘GLOBAL DISPLAY MARKET 2019-2027’ available with Market Study Report, global display market is projected to register a healthy CAGR of 11.68% during 2019-2027.
 

Escalating demand for organic light-emitting diode (OLED) displays as well as touch-based devices coupled with increasing adoption of VR (virtual reality) and AR (augmented reality) devices are augmenting the growth of global display market size.
 

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For the record, a display is a screen on a device that projects information in the form of videos, images, or text. They are primarily used in automotive industries and consumer electronics and are manufactured using technologies such as LED (light-emitting diode) and LCD (liquid crystal display).
 

Additionally, technological advancements along with increasing production rate of energy-efficient devices are further stimulating the overall market outlook. However, factors such as high costs associated with certain display technologies, fluctuating prices of display panels, and stagnated growth of products including notebooks, tablets, and desktop PCs are expected to impede the global display market growth throughout the analysis timeframe. 
 

Based on display type, global display market is fragmented into transparent-panel display, flexible-panel display, and flat-panel display. With regards to technology, the market is divided into e-paper, LCD, LED, quantum dot, OLED, and others.
 

Moving on to the application spectrum, the industry comprises of vehicle display, PC & laptop, television & digital signage, smart wearable, smartphone & tablet, and others. Elaborating on the end-user terrain, the market is bifurcated into automotive, military & defense, retail, BFSI, consumer electronics, and healthcare.
 

As per the regional analysis, the market is categorized into Middle East & Africa, Asia-Pacific, North America, Latin America, and Europe. The country-level fragmentation comprises of South Africa, Saudi Arabia, UAE, Turkey, Japan, China, India, Australia & New Zealand, South Korea, Canada, U.S., Mexico, Brazil, France, Italy, Spain, Germany and the U.K.
 

The report states that Asia-Pacific is expected to emerge as a lucrative growth avenue for global display market during 2019-2027. Rising disposable income, growing consumer awareness, flourishing consumer electronics vertical, and high concentration of leading players in India and China are fostering the expansion of the regional market.
 

The companies that outline the global display industry trends are Sony Corporation, Samsung Electronics Co. Ltd., LG Display Co. Ltd., Kent Displays, Inc., NEC Display Solutions Ltd., Japan Display Inc., HannStar Display Corporation, E Ink Holdings Inc., Corning Incorporated, and AU Optronics Corp.