The global display glass market was valued US$ 6,066.4 Mn at the end of 2020 and expected to reach at a value of US$ 7,253.3 Mn by 2028 with a significant CAGR of 2.3%
Global Display Glass Market, By display technology (LCD, OLED, micro-LED, direct-view LED, and others), By panel size (microdisplays, small and medium-sized panels, large panels), By product type (smartphones, television sets, PC monitors & laptops, digital signage/large format displays, automotive displays, tablets, smart wearables (smartwatch, AR HMD, VR HMD), others), By vertical (consumer, automotive, sports & entertainment, transportation, retail, hospitality, and BFSI, industrial & enterprise, education, healthcare, defense & aerospace, and others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The global display glass market was valued US$ 6,066.4 Mn at the end of 2020 and expected to reach at a value of US$ 7,253.3 Mn by 2028 with a significant CAGR of 2.3%.
A display glass is an exceptional glass for assisting liquid crystal display (LCD), thin film transistors (TFT), and OLED panels molding display units for products comprising televisions, personal computers, and mobile phones. Any kind of display panel composed of diverse elements piled up in numerous layers. These elements consist of a color filter, a polarizer, and a liquid crystal layer, together with the display glass being the most crucial.
Numerous developments in display glass technology, in the modern day and age, in order to create more richer entertainment experiences the leading manufacturers of the display glass market are also focused on developing faster, brighter and lifelike images for tablets, notebooks, and televisions. Such factors are projected to positively propel the growth of the global display glass market over the forecast period.
In addition to that, the extensive usage of LCDs in varied vertices, including consumer durables, smart handheld gadgets, and other automotive applications is further playing a positive role in boosting the demand of display glass all around the world, thereby estimated to accelerate the growth of the global display glass market over the forthcoming future.
In the current times, there is a rising need of smartphones, computers, laptops in almost every field for smooth functioning and utilizing innovative technology, which is also escalating the demand of display glass in the global market.
However, the enormous manufacturing cost of display glass is likely to act as a restraining factor for the growth in demand of display glass in the global markets, thus holding back the growth of the global market of display glass in the coming years.
Furthermore, the dramatic transition in the method of advertising and marketing to online and digital marketing has also negatively affected the demand of display glass around the world. Nevertheless, the rapid pace of development in the electronics and semiconductor industries is still expected to strengthen the growth of the global display glass market over the coming years.
MMC Study identifies some of the key participating players in the display glass market globally are Samsung Electronics, LG Display, Sharp, Japan Display, Innolux, NEC Corporation, Panasonic Corporation, Leyard Optoelectronic, BOE Technology, AU Optronics, and Sony, among others.
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