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Smartphone Display Market Forecast till 2027.
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The global smartphone display market is witnessing rapid revenue growth. The market rise attributes to technological advances in displays and smartphones. Besides, substantial R&D investments into the development of displays and connectivity solutions drive the growth of the market. The increasing adoption of advanced display technologies, such as OLED, AMOLED in Smartphone boosts the market size.
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Moreover, the rising numbers of smartphone users due to the proliferation of these smart mobile phone devices escalate market growth. Market Research Future (MRFR) asserts that the global smartphone display market is poised to create a valuation of approximately 8 BN by 2023, growing at 8% CAGR during the forecasted period (2017 – 2023).
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There have many substantial innovations in mobile devices and displays. As technologies mature, they influence market trends and market opportunities. Additionally, increasing uses of HD interfaces in smartphones influence market revenue. Furthermore, the increasing trend of live streaming and OTT content positively impact the market growth.
Conversely, the high cost of OLED and AMOLED displays is a major factor impeding the market growth. Nevertheless, the augmenting demand for high image quality and better image resolution would support the market growth throughout the assessment period.
Global Smartphone Display Market – Segmentation
The report is segmented into five dynamics;
By Type: Capacitive, Resistive Display Screens, and others.
By Display Technology: TFT-LCD, IPS-LCD, OLED, AMOLED, and others.
By Size: 0–4 inches, 4–5 inches, 5–6 inches, and above 6 inches.
By Resolution: 720 x 1280, 1920 x 1080, and others.
By Regions : Americas, Europe, APAC, and Rest-of-the-World.
Global Smartphone Display Market – Geographical Analysis
Asia Pacific dominates the global smartphone display market. The region has long been attracting foreign investors with its raw material advantage and the availability of cost-competitive workforces, impacting the region's market share. Besides, rising numbers of smartphone users and vast smartphone industries in the region boost the market size. With their presence of a large number of smartphone industries, China, Japan, and India hold sizable shares in the regional market.
North America gains the second spot globally in terms of the smartphone display market revenues. The market is driven by vast advances in display technologies and the proliferation of smartphones in the region. Moreover, the strong presence of notable industry players, such as Apple Inc. and Google, push the growth of the regional market growth. Augmented demand and availability of quality smartphone displays in the region drive the growth of the market.
Europe is another promising market for smartphone displays. The smartphone display market in this region is witnessing a rapid expansion stage. Factors such as the increasing adoption of smartphone display technologies, such as OLED and AMOLED, stimulate market growth in the region. The European smartphone display market is expected to witness fabulous market growth during the review period.
Global Smartphone Display Market – Competitive Analysis
Highly competitive, the global smartphone display market appears fragmented due to the presence of many well-established players. They incorporate strategic approaches, such as acquisition, partnership, collaboration, expansion, and product/technology launch to gain competitive advantage and stay at the market forefront.
Major Players:
Players leading the smartphone display market are Japan Display Inc.(Japan), SAMSUNG (South Korea), Toshiba Corporation (Japan), Sharp Corporation (Japan), LG Electronics Inc. (South Korea), Fujitsu Ltd. (Japan), Apple Inc. (US), Sony Corporation (Japan), Motorola Inc. (US), Tianma Microelectronics (China), NEC Corporation (Japan), BOE Technology Group Company (China), Chi Mei Corporation (Taiwan), AU Optronics Corp. (Taiwan), and Mitsubishi Electric Corporation (Japan), among others.
Industry/ Innovation/ Related News
Feb.01, 2021 --- Samsung, a leading smartphone brand, launched Galaxy M02 in India under its widely popular Galaxy M Series. After the success of Galaxy M02s, Samsung aims to strengthen its vision of 'Powering Digital India' by offering never-before features in the budget segment through the new launch. Galaxy M02, with its big display, massive battery, and great camera, suits well to accelerating the digital needs of consumers, be it worked, play, or content streaming.
Feb.19, 2021 --- LG Mobile Phones announced that it is gearing up to launch a new rollable display Smartphone with a new design patent - the CNIPA (China National Intellectual Property Administration). According to the patent, the Smartphone features a large secondary display not revealed in the previous patent.
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