The global electronic displays market demand is projected to witness considerable growth due to the technological advancements, varied usage of electronic displays along with the need for quick and valuable information. Electronic displays have the ability to convert electronic images into visual images that can be changed in real time by refreshing memory. Conventional displays such as counter and paper displays, galvanometers have been outcaste with the advent of electronic displays.
Electronic displays offer several features such as high energy efficiency, low maintenance and reusability for a variety of display application, which is expected to augment electronic displays market growth. Further, electronic displays are eco-friendly, offer better color rendering and web connectivity which may also impel market growth. Further, the display content influences purchasing decisions and can be easily updated, which is projected to elevate the electronic displays market demand.
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Electronic displays have varied application in consumer electronic devices such as computers, mobile phones, home appliances, industrial machinery and computers. Additionally, these displays offer a vast range of application in retail shops to display the prices along with wearable electronics, which is anticipated to fuel market for the electronic displays. However, factors anticipated to hamper the electronic displays market include high initial costs, poor water resistance and high power consumption.
The surge in demand from key end use industries such as healthcare, entertainment, retail, government and corporate are projected to offer opportunities for the electronic displays market. Flourishment in information age closely followed by rise in number of computing devices, mobile phones and televisions are anticipated to drive the electronic displays market over the forecast period. 3D displays and flexible devices are the emerging trend in the electronic displays market.
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The electronic displays market can be bifurcated into LCD, cathode ray tube, LED, plasma, 3D screens and projectors. LEDs are inherently more versatile and effective than any other light source, and may witness high growth over the next few years. Initially introduced using CRT the electronic displays technology has proliferated over the past decade in context of size, interactivity, display quality and power efficiency, thereby providing avenues for market growth.
North America is anticipated to emerge as over the forecast period. Asia Pacific is projected to witness significant growth due to less stringent government policies and low manufacturing cost.
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Key industry players include LG Electronics, Sony Corp, Zenith Electronics Corp, AU Optronics, Casio Computers Co. Ltd, Active Light Inc and Toshiba Corp.
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