The Next Generation Display Market refers to the market for advanced display technologies that are expected to surpass the capabilities of existing display technologies. These technologies aim to provide improved image quality, higher resolution, enhanced energy efficiency, and innovative features.
Next Generation Display Market size was valued at USD 220.98 Bn in 2021, registering a CAGR of 9.39% during the forecast period (2023-2030), and the market is projected to be worth USD 95.62 Bn by 2030.
Some of the key technologies driving the next generation display market include:
- Organic Light-Emitting Diode (OLED): OLED displays use organic compounds that emit light when an electric current is applied. They offer high contrast ratios, wide viewing angles, and deep blacks. OLED technology is widely used in smartphones, televisions, and wearable devices.
- Micro-LED: Micro-LED displays use tiny light-emitting diodes as individual pixels. They offer excellent brightness, color gamut, and energy efficiency. Micro-LED displays are considered the future of large-scale displays, such as TVs and digital signage, due to their potential for modular and seamless scalability.
- Quantum Dot (QLED): Quantum dot displays use quantum dots, semiconductor nanocrystals, to enhance color reproduction and brightness. QLED technology provides a wider color gamut and improved energy efficiency compared to traditional LCD displays. It is commonly used in high-end TVs.
- Augmented Reality (AR) and Virtual Reality (VR) Displays: AR and VR displays offer immersive visual experiences by overlaying digital content onto the real world (AR) or creating entirely virtual environments (VR). These displays require high resolutions, low latency, and wide field-of-view to provide a realistic and engaging experience.
- Flexible and Foldable Displays: Flexible and foldable displays are designed to be bendable or foldable, offering new form factors and enhanced portability. These displays utilize technologies like OLED or e-paper to enable flexible screens for smartphones, tablets, and wearable devices.
- Transparent Displays: Transparent displays allow users to see through the screen, overlaying digital content onto the real world without obstructing the view. They find applications in retail, automotive, and augmented reality.
- Holographic Displays: Holographic displays create three-dimensional images by diffracting light through optical elements. They provide a unique visual experience and are used in advertising, entertainment, and medical imaging.
The next generation display market is driven by factors such as increasing demand for high-resolution and energy-efficient displays, advancements in display technologies, growing adoption of augmented and virtual reality, and rising consumer electronics industries. The market is highly competitive, with companies investing in research and development to introduce innovative display solutions.
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Market Segmentations:
Global Next Generation Display Market: By Company
• Samsung Electronics
• Sony
• LG
• Philips
• Universal Display Corporation (UDC)
• Nova
• Kyocera
Global Next Generation Display Market: By Type
• OLED
• LCD
• Others
Global Next Generation Display Market: By Application
• Consumer Electronics
• Defense and Aerospace
• Automotive
• Industrial
• Medical
• Others
Global Next Generation Display Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Next Generation Display market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, 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), and Argentina, Brazil, and Rest of South America as part of South America.
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