As per Market Research Future’s study, the global IPS displays market is moving ahead with a massive USD 74.87 Billion projects to reach by the year 2025. This valuation will be secured at a rate of 6.40%. The market would hit these figures during the forecast period of 2019–2025.
MRFR acknowledges some of the top market players in the Global IPS Displays Market. They are AU Optronics (Taiwan), Acer Inc. (Taiwan), WINSTAR Display Co., Ltd. (Taiwan), Lenovo Group Limited (China), Sony Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), LG Display (South Korea), AsusTek Computer Inc. (Taiwan), Panasonic Corporation (Japan), Japan Display (Japan), Dell (US), among others.
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Top Impacting Factors
IPS panels’ prime advantage, such as displaying accurate color from all viewing angles, shows tailing when touching panels as seen in touch-screen devices , such as smartphones. This has been the chief factor in the current generation because of its high demand. In many TVs, computer monitors, and tablets, too, the use of IPS is seen, which has greatly influenced market growth.
IPS technology is nowadays commonly found in higher-end screens and some inexpensive monitoring systems. As IPS displays accurate color from all angles, artists , photographers, and graphic designers are highly preferred for this. Thus a substantial increase in disposable revenue is recorded to boost the buyer ‘s purchasing power , which in turn has motivated the growth of the IPS display market.
MRFR also finds that rapidly rising consumer electronics has also been one of the primary motivating factors for IPS display market growth. In addition, due to its improved contrast, speed, and resolution, professionals such as pro photographers, CAD engineers , graphic designers, and video editors reap high-end benefits from the IPS displays. These factors have ultimately driven demand to a large extent, thus inflaming growth measures to an excellent level for the future timetable.
On the contrary, one of the main factors limiting the growth of the IPS display market in the future has been the high cost factor of the IPS display. Nevertheless, the rising technological advance is predictable for creating new opportunities for the IPS display market in the global IPS display market ‘s growth course.
Segmentation of Market
The global IPS Display market’s segmental analysis has been conducted based on the segments of type, functionality, and application.
Among the type segment, the IPS displays market has included AH-IPS, e-IPS, and others.
Among the application segment, the IPS displays market has included PCs, TVs, smartphones & tablets, and others.
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Geographically , the global IPS Show market is studied across major regions such as Asia Pacific, North America , Europe, and the Rest of the World (RoW).
Asia-Pacific gained the largest market share in 2018, due to the incidence of various manufacturing companies supplying IPS display panels in different sizes as per regional applications. The rising urbanization and rising disposable income among the region’s users are also significant factors driving the market for IPS displays. In addition , growing population and rising demand for smartphones and tablets are also driving market growth. Giant airlines including AU Optronics, Acer Inc. Lenovo Group Limited, WINSTAR Display Co., Ltd, and LG Display are Present in the area investing continuously in the development of new IPS display panel based technologies.
In the Asia Pacific area, China acquired the region’s largest share in 2018 owing to growing population and growing demand for better picture and color quality, which is also a driving factor for the region’s market growth. Indeed, India was also estimated to be the fastest-growing country-level market over the forecast period due to the users’ changing preferences based on color and resolution.
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