Vantage Market Research
Jul 22, 2022
In terms of revenue, the Global Curved Display Devices Market is expected to reach USD 13.2 Billion by 2028, increasing at a Compound Annual Growth Rate (CAGR) of 15.90% from 2022 to 2028.
- Based on the segment Application, the Television sub-segment is leading the market expansion, with a significant market share. In contrast, Samsung is dominating the Curved Display Television Market owing to its presence on a large scale. Also, their branding strategy is the factor that surges awareness of curved Televisions.
- The OLED sub-segment of the Display Type segment will record a significant growth rate in the coming years. The high demand for OLED screen technology from smart and innovative television applications is the reason for growth.
- In terms of region, North America dominated the Curved Display Devices market owing to essential factors such as demand for OLED screen technology in smart televisions and enhancement in pixel density, and the need for user-friendly & high-quality display devices, and improved digital advertisements.
Driver 1 – Growth in the Advancements of Technology:
The rise in technological advancements in electronic devices, which results in the efficiency of appliances, is anticipated to propel Curved Display Devices Market growth due to critical factors such as the increasing requirement for OLED technology in smart TV at the global level. Furthermore, the curved presentations are utilized widely in cellular telephones, smart televisions, and private computers and are designed to display extreme definition virtual content through low energy consumption. Besides, growth in the adoption of functional magnetic resonance imaging (fMRI) technology in display devices to offer the best user experience by producers is likely to thrive market growth during the forecast period.