Low Power Next Generation Display Market Projected to Reach USD 193.9 Million by 2028

Vantage Market Research

Feb 24, 2022

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 Market is increasing. In addition, these displays require less maintenance and are better for various ecological conditions. Thus, propels the growth of Low Power Next Generation Display Market in the coming years. Furthermore, these displays are majorly used in PC screens, TV screens, and others because of their high thermal resistance property. This is also one of the key factors attributed to fuel the growth of Low Power Next Generation Display Market in the next few years.

Key Finding:

  • The organic light-emitting diode (OLED) type segment is expected to hold a significant share in 2021. This is attributed to the high use of OLED in various digital display items such as computer monitors, television screens, smartphones, many portable systems, and some others. In addition, OLED is used for handheld game consoles applications, which, in turn; increasing the demand for OLED displays in the coming years.
  • The consumer electronics application segment is expected to grow at a substantial Compound Annual Growth Rate (CAGR) during the forecast period. Increasing use of 4K innovation in many electronics items accelerates the segmental growth of the Low Power Next Generation Display Market in the coming years.
  • Asia Pacific is likely to witness the highest growth during the forecast period. This spike is majorly due to the high use of electronics items in this region and the rise in industrialization in developing countries such as India and China.

The major players involved in the development of Low Power Next Generation Display 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 major driving factors that bolster the growth of Low Power Next Generation Display Market are the use of contact screens with various pixel choices, low power utilization display frameworks, and the use of high-resolution gadgets with adaptable displays. In addition, due to the various technological advancement in the display, the manufacturer provides advanced display products with low power consumption. In addition, evolving way of life, the development of technologically advanced electronic items, and increasing discretionary cash flow are propelling the growth of Low Power Next Generation Display Market in the years to come.

High assembling cost for display purposes is one of the reasons to propel the growth of Low Power Next Generation Display Market. In addition, advancements in nanotechnology and optoelectronics have provided elevated display systems to consumers. This advancement in the display system provides various features such as improved backdrop illumination, high-resolution systems, and better presentation quality. Therefore, all these factors are responsible for the growth of Low Power Next Generation Display Market in the next few years.