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Low Power Next Generation Display Market

Low Power Next Generation Display Market

Low Power Next Generation Display Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

176

Base Year:

2021

Date

Feb - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1238

Segments Covered
  • By Type Quantum Dot Display (QD-LED), Field Emission Display (FED), Laser Phosphor Display (LPD), Organic Light-Emitting Diode (OLED), Organic Light-Emitting Transistor (OLET), Surface-Conduction Electron-Emitter Display (SED), Others
  • By Application Consumer Electronics, Home Appliance, Advertising and Public Display, Automotive, Avionics, Others
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 120.4 Million
Revenue 2028Revenue 2028: USD 193.9 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 7.1%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Low Power Next Generation Display Market Share

Low Power Next Generation Display Market: By Type, Application, and Region

Market Synopsis:

Global Low Power Next Generation Display market is valued at USD 120.4 Million in 2021 and estimated to reach a value of USD 193.9 Million by 2028 at a CAGR of 7.1% during the forecast period, 2022–2028. The demand for next generation display is driven by several factors. These include the need for higher resolution with lower number of pixels, use of smart devices having wireless capabilities etc. There’s another factor also responsible behind the growing demand for these displays and that is environmental concerns. The world has seen a drastic change in energy policies over the past few years. Global warming and energy crisis have pushed the governments into taking strict measures to reduce power consumption. As a large part of the power consumed by the world is used for display, it will be good if they can get more out of same amount of power.

Low Power Next Generation Display Market Size, 2021 To 2028 (USD Million)

Growing Focus on Reducing Power Consumption and Improving Display Quality to Drive Demand for Low Power Next Generation Display Market

Display is an essential part of the device. At the same time, large screen LCD or OLED displays are still consuming huge amount of power comparing to other parts of the device. It's a big headache for the manufacturers, and they are trying to reduce power consumption as much as possible without compromising on user experience. Recent advancements like more efficient Liquid Crystal (LCD) technologies and OLED displays can provide decent brightness and low power consumption, but those things make them expensive.

Manufacturers are focusing on developing next-generation displays with reduced power consumption. These systems consume less power, but can deliver even better results. Some manufacturers are working on the design of impregnated LED pixels which tend to consume less power than conventional displays. Although current developments in these technologies will create a huge impact on the market, still they need to meet certain requirements in order become truly successful. Next generation displays have been developed keeping in mind the concerns of environmental factors.

Market Segmentation:

Global Low Power Next Generation Display Market is segmented by type (quantum dot display, field emission display, laser phosphor display, organic light-emitting diode, organic light-emitting transistor, surface-conduction electron-emitter display, and others), and application (consumer electronics, home appliance, advertising & public display, automotive, avionics, and others), and region.

Below tree is interactive. You can click the nodes to get more information.

By Application, Consumer Electronics to Dominate Low Power Next Generation Display Market

Significant growth in demand for low power display is coming from emerging applications including smartphones display, television display, automotive displays and portable devices such as tablets. Although AMOLED has been commercially available for several years, the high cost of glass substrates used in its manufacture has limited the technology's application until now. AMOLED displays are being used in large number of handsets, including the Samsung, Google, and Xiaomi, among others. Samsung Display has decided to go forward with its first large-sized OLED production line in Gumi, Korea due to an increase in demand from major customers such as Apple and other popular handset manufacturers.

By Type, OLED to Hold Major Share of Low Power Next Generation Display Market

One of the biggest advantages of OLED displays over LCDs is energy efficiency. OLEDs do not require a backlight, unlike LCDs which have to keep their backlights on when displaying black. This means that in dark scenes an OLED display can turn off individual pixels without a significant impact on brightness or power consumption. In fact, pure self-illuminating OLEDs can be so energy efficient that they can remain illuminated indefinitely and only use power for pixels changing state. One of the frontier technologies currently under development aims at utilizing this ability to lower power consumption even further: Double Patterning with Retention (DPR) is a display technology aiming at eliminating both patterning and retention losses caused by electron-beam lithography. By tiling double patterned active-matrix OLED displays pixels are allowed to retain their state between refreshes, thus reducing energy consumption.

Asia Pacific is the Largest Low Power Next Generation Display Market

The traditional display industry has been underperforming other technology sectors. The mass production of flat panel TV drove a fast growth in demand for semiconductor and display materials such as Silicon and LCDs until 2015. However, due to its maturity, the display industry is not experiencing growth like other technology sectors anymore. Additionally, various disruptive technologies are challenging traditional liquid crystal display (LCD) panels in recent years. Despite these challenges, Asia Pacific has emerged as one of the largest consumers of Low Power Next Generation Display.

The growth is majorly attributed to various factors such as rapidly expanding consumer electronics market, economic activities to support higher income among people, and increase in middle class. The number of senior citizens aged 65 or older will reach 106 million in 2050. APAC has the world’s largest population who are over 60 years old. The rapidly aging society is making demand for self-driving car, medical devices, IoT (Internet of Things), and displays for various devices such as PC monitor, TV, wearable smartphones.

Low Power Next Generation Display Market is segmented as follows:

Parameter Details
Segments Covered
  • Type (Quantum Dot Display (QD-LED), Field Emission Display (FED), Laser Phosphor Display (LPD), Organic Light-Emitting Diode (OLED), Organic Light-Emitting Transistor (OLET), Surface-Conduction Electron-Emitter Display (SED), Others)
  • Application (Consumer Electronics, Home Appliance, Advertising and Public Display, Automotive, Avionics, Others)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • ADM; BENEO; Cargill
  • Lonza; DuPont; Incorporated; Roquette Frères; Ingredion Incorporated; Emsland Group; Puris; The Green Labs LLC; Kerry Inc.; Tate & Lyle; Nexira; Taiyo International; Farbest Brands; and Batory Foods.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Low Power Next Generation Display Market is tabulated as follows:

Low Power Next Generation Display Market Projected to Reach USD 193.9 Million by 2028
The Low Power Next Generation Display Market is expected to reach USD 193.9 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 7.1% from 2022 to 2028. Owing to the better performance and advancement in the display item, nowadays, the demand for Low Power Next Generation Display Mar...
FAQ
Frequently Asked Question
  • The global Low Power Next Generation Display valued at USD 120.4 Million in 2020 and is expected to reach USD 193.9 Million in 2028 growing at a CAGR of 7.1%.

  • The prominent players in the market are ADM; BENEO; Cargill, Lonza; DuPont; Incorporated; Roquette Frères; Ingredion Incorporated; Emsland Group; Puris; The Green Labs LLC; Kerry Inc.; Tate & Lyle; Nexira; Taiyo International; Farbest Brands; and Batory Foods..

  • The market is project to grow at a CAGR of 7.1% between 2021 and 2028.

  • The driving factors of the Low Power Next Generation Display include

    • Reducing Power Consumption and Improving Display Quality

  • Asia Pacific was the leading regional segment of the Low Power Next Generation Display in 2020.