Reports & Insights has freshly issued a new report titled “Display Glass Market: Opportunity Analysis and Future Assessment 2022-2030” which speaks about the market size, market potential and comprehensive understanding of the statistics concerned with the development of the respective market. The market analysts estimate that the Display Glass Market size will elevate from 6,341.5 Mn in 2022 to 7,582.20 by the year 2030, at an estimated CAGR of 2.3%. The base year considered for the study is 2020, and the market size is projected from 2022 to 2030.
The display glass market is estimated to reach at a value of US 6,341.5 Mn by the end of 2022 and expected to reach at a value of US$ 7,582.20 Mn by 2030 with a significant CAGR of 2.3%.
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Display Glass Introduction
Display glass can be perceived as a special glass used in support of thin film transistors (TFT), liquid crystal display (LCD) and OLED panels shaping display units for products including personal computers, televisions, and mobile phones.
Every display panel comprises different kinds of elements piling up in a broad range of layers, which consists of a polarizer, a color filter, and a liquid crystal display with the glass substrate holding the most crucial role. With the developing demand for consumer grade electronic devices such as personal computers and laptops, as well as smartphones, the global display glass market is projected to escalate over the coming years.
Display Glass Market Dynamics
The extensive usage of LCD’s in consumer durables, smart handheld devices and other automotive applications is one of the most strong and influential factors estimated to boost the growth of the display glass market over the forecast period. In addition to that, the developments in the electronics and semiconductor industries is further anticipated to propel the rising demand for display glass in the global markets. The electronics industry is the greatest end-user commerce sector that adequately employs display glass and the overall progress for the display glass market is strongly reliant on it. The strengthening manufacturing of display equipment, electronic elements, semiconductor equipment, MEMS (Microelectronic Mechanical System) equipment and computing & telecommunication gadgets is projected to escalate the growth for the display glass market over the forecast period. Despite that, the enormous manufacturing cost of display glass is likely to act as a restraining factor for the future expansion of the global display glass market.
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Display Glass Market Segmentation
The global display glass market is segmented on the basis of display technology, panel size, product type, vertical and regions. On the basis of the display technology, the display glass market is segmented into LCD, OLED, micro-LED, direct-view LED, and others. Based on panel size, the market is bifurcated into microdisplays, small and medium-sized panels, large panels. On the basis of the product type, the market is categorized into smartphones, television sets, PC monitors & laptops, digital signage/large format displays, automotive displays, tablets, smart wearables (smartwatch, AR HMD, VR HMD), others. Further, on the basis of verticals, the market is segmented into consumer, automotive, sports & entertainment, transportation, retail, hospitality, and BFSI, industrial & enterprise, education, healthcare, defense & aerospace, and others.
The research report classifies the global display glass market based on display technology, panel size, product type, vertical and regions.
By Display Technology
- LCD
- OLED
- Micro-LED
- Direct-view LED
- Other
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 Verticals
- Consumer
- Automotive
- Sports & Entertainment
- Transportation
- Retail, Hospitality, and BFSI
- Industrial & Enterprise
- Education
- Healthcare
- Defense & Aerospace
- Others
By Region
- North America
- Latin America
- Africa
- Europe
- Asia Pacific
- Middle East
Display Glass Market Key Players
The global display glass market is dominated by 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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