According to the research report titled ‘Global Next Generation Display Market Size study, by Product (Flexible Display, Mid-air Display, Transparent Display, Three-dimensional Display, Double-sided Display, 2D One-sided Display), by Ingredient (Nanomaterials, Plastic Substrates, Metals, Polymer), by Application (Consumer Electronics, Entertainment, TV/Monitors, Automotive, Medical, Others) and Regional Forecasts 2020-2027’ available with Market Study Report, global next generation display market is anticipated to record substantial growth during 2020-2027.
 

Industry experts state that technological advancements in consumer electronics, introduction of 8K and 4K televisions, and increasing penetration of smartphones are augmenting the growth of global next generation display market.
 

In fact, as per Statista, global smartphone unit shipments were recorded to be around 1.6 billion in the year 2017, which was 7.17% more than that of 2014.
 

For the record, next generation displays are advanced and power-efficient versions of conventional display technologies such as plasma technology and LCD.  Moreover, beneficial attributes associated with such displays including high thermal resistance and enhanced performance have impelled their adoption in devices such as smartphones and laptops, which in turn is stimulating the global next generation display market outlook.
 

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However, high costs germane to manufacturing as well as research & development of the product are expected to impede the expansion of the market. In addition, the stringent lockdown regulations imposed by the governments across the globe amid the COVID-19 pandemic have not only decreased the product demand but have also caused a substantial slowdown in production and hence could hamper the industry remuneration in the ensuing years. 
 

Based on product landscape, global next generation display market is bifurcated into 2D one-sided display, double-sided display, three-dimensional display, transparent display, mid-air display, and flexible display.
 

With regards to ingredients, the industry is divided into polymer, metals, plastic substrates, and nanomaterials. The application spectrum of the market comprises of medical, automotive, TV/monitors, entertainment, consumer electronics, and others.
 

Regionally, the report states that North America accounts for a significant share in global next generation display market and is poised to showcase similar trends in the forthcoming years. Surging demand for innovative electronic products, inclination towards a luxurious lifestyle, and increasing disposable income are augmenting the regional market growth.
 

Alternatively, Asia-Pacific next generation display market is projected to register the highest CAGR over 2020-2027. Technological advancements in the electronics & entertainment verticals along with rising adoption of smartphones in the Asia-Pacific are proving to be lucrative opportunities for the market remuneration.
 

The organizations that define the global next generation display market trends are Plastic Logic GmbH, Samsung SDI Co. Ltd., Toshiba Mobile Display Co. Ltd., Ritek Display Technology Corp., Cambridge Display Technology Ltd. (CDT), Planar Systems Inc., AU Optronics Corp., Canon Inc., AJA Video Systems, Inc., and Sony Corporation among others.