COVID-19 Impact on Display Panel Market Worth $152.0 Billion by 2025 - Exclusive Report by MarketsandMarkets™

CHICAGO, June 2, 2020 /PRNewswire/ -- Based on MarketsandMarkets™ report, "COVID-19 Impact on Display Panel Market by Product (PC Monitors, Tablets, Smartphones, Wearables, Automotive Displays, TVs, and Large Screen), Industry, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the COVID-19 Impact on Display Panel Market size is projected to grow from USD 107.0 billion in 2020 to reach USD 152.0 billion by 2025, at a CAGR of 7.3%. The estimation for 2020 is down by ~26% compared to the pre-COVID-19 estimate.

Factors that drive the growth of the post-COVID-19 display panel market include the growing acceptance of the work-from-home norm, rising focus of regional financial institutions to design fiscal policies for keeping the display market floating during the COVID-19 crisis, shifting manufacturing units to less affected regions, increasing demand for 4K and 8K displays with the availability of UHD content, surging adoption of OLED displays in smartphones and rising demand for flexible display panels, increasing investments for the construction of new OLED and LCD panel manufacturing facilities. The booming automotive displays industry and increasing focus on the development of energy-efficient, attractive, and high-end-specification display products using advanced technologies such as OLED and AMOLED are the other key factors that foster the demand for display panels.

Request for PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203916699

Demand for PC monitors and tablets would increase amidst pandemic crisis during forecast period

The display panel industry for PCs, monitors, and tablets is expected to grow at a high CAGR from 2020 to 2025. An increase in working from home and online activities meant a rise in demand for products such as monitors, laptops, and tablets. Also, several educational institutions have embraced e-learning as a way to bridge the gap between tutors and students/pupils while complying with the lockdown being enforced in most of the countries. Thus, the demand for display panels for laptops and tablets is high, which is boosting the revenue stream of display manufacturers. However, its growth rate is expected to be above the growth rate estimated for the pre-COVID-19 market.

Disruptions in supply chains due to COVID-19 outbreak has impacted demand for display panels in North America and Europe

North America and Europe are the markets where the demand for display panels is significantly higher due to the adoption of products based on innovative technologies, such as OLED. However, with the severity of cases reported in the US and Europe, the demand for display panels has fallen significantly. A large number of companies in the US procure parts and components from China. Limited supply and high demand have increased the costs of components, with domestic components being priced at 30% higher than Chinese components.

Browse in-depth TOC on "COVID-19 Impact on Display Panel Market"

4 – Tables 
52 – Figures
120  – Pages

Request more details on: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=203916699

Healthcare is exhibited to have positive growth in display panel market, by end-user industry, during forecast period

The healthcare industry utilizes different types of display products, such as embedded display devices, in medical equipment for imaging, radiation therapy, and angiography. This industry also demands large-format displays and AR/VR HMDs. Large-format displays are used in the healthcare industry for displaying advertisements, appointments, and other medical information. This will increase the demand for medical displays and large screens.

In the healthcare industry, AR/VR devices play an important role in enabling doctors to train assistants in surgery. Additionally, medical students can use AR/VR headsets to receive personalized training; students can use AR headsets to practice medical procedures. This allows students to study and practice even from home. Thus, it would increase the demand for AR/VR devices, which would enable display manufacturers to encash this opportunity. Because of this, the post-COVID-19market for display panels is expected to register a larger market size in 2020 than that of in 2019.

Samsung Display, LG Display, BOE Technology Group Co. Ltd., AU Optronics Corp., Innolux Corp., Japan Display Inc., Sharp Corp., China Star Optoelectronics Technology, Tianma Microelectronics Co., Ltd., and Truly International Holdings Ltd. are a few of the dominating players in the global display panel market. Other companies involved in the development of display panels include Chunghwa Picture Tubes Ltd., HannStar Display Corporation, Chengdu Panda Display Technology Co., Ltd, BOE Varitronix Limited, eMagin Corporation, and Kopin Corporation, Apple Inc., Sony Corporation, E Ink Holdings Inc., Universal Display Corporation, and JOLED Inc.

Related Reports:

Display Material Market by Technology (LCD, OLED), Component & Material (Substrate, Polarizer, Color Filter, Liquid Crystals, BLU, Emitter & Organic Layer, Encapsulation), Panel Type, Application (Smartphone, Television), Region - Global Forecast to 2023

OLED Market by Display Application (Smartphone, TV, Automotive, NTE), Panel Type (Rigid, Flexible), Technology, Size, Material (FMM RGB, WOLED), Lighting Application (General, Automotive), Panel Type, & Vertical, and Geography - Global Forecast to 2023

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected] 
Visit Our Web Site: https://www.marketsandmarkets.com  
Research Insight : https://www.marketsandmarkets.com/ResearchInsight/covid-19-impact-on-display-panel-market.asp 
Content Source : https://www.marketsandmarkets.com/PressReleases/covid-19-impact-on-display-panel.asp

SOURCE MarketsandMarkets