Asia-Pacific Display Market Outlook, 2029
The Asia-Pacific Display Battery Market is segmented into By Panel Size (Micro displays, Small & Medium-sized Panels and Large Panels), By Display type (Flat Panel Display, flexible Panel Display and Transparent Panel Display), By Display technology (LCD, OLED, Micro-LED, Direct-View LED and Others), By Application (Smartphone and Tablet, Smart Wearable, Television and Digital Signage, PC and Laptop, Vehicle Display and Others) and By Industrial Vertical (Consumer Electronics, Retail, BFSI, Health care, Automotive, Military & defence and Others).
- Bonafide Research
- 30-04-2024
- Pages : 96
- Figures : 14
- Tables : 24
- Region : Asia-Pacific
- Category : IT & Telecommunications
- IT Products & Services
The Asia-Pacific Display market is predicted to grow with more than 7.5% CAGR from 2024 to 2029 as the region is one of the largest and fastest-growing markets for displays globall
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- CAGR (2024-2029) 7.5%
- Largest MarketChina
- Fastest Market India
- Format
Featured Companies
- 1. Panasonic Corporation
- 2. Samsung Electronics Co., Limited
- 3. Sony Corporation
- 4. LG Display Co. Limited
- 5. Innolux Corporation
- 6. Barco NV
- More...
Display Market Market Analysis
The display market in the Asia Pacific region is witnessing robust growth driven by factors such as technological advancements, increasing consumer demand for electronic devices, and a strong manufacturing ecosystem. The Asia Pacific region has emerged as a key player in the global display market, owing to its technological expertise, manufacturing capabilities, and large consumer electronics market. With countries like China, South Korea, Japan, and Taiwan leading the way, APAC is at the forefront of display technology innovation and production. Japan has been a pioneer in display technology since the mid-20th century. Companies like Sony, Sharp, and Toshiba have been instrumental in developing various display technologies, including CRT (Cathode Ray Tube) displays. China has rapidly emerged as a dominant force in the global display market in recent years. The country is home to several leading display manufacturers such as BOE Technology Group, TCL, and CSOT (China Star Optoelectronics Technology). Many of the world's leading display manufacturers are based in the Asia Pacific region or have significant manufacturing operations there. Countries like China, South Korea, Japan, and Taiwan are key players in display manufacturing, benefitting from advanced technology infrastructure and skilled labour forces. With a rapidly expanding middle class, rising disposable incomes, and increasing urbanization, there is a strong demand for high-quality displays in products such as smartphones, TVs, laptops, tablets, and automotive displays. This robust market demand drives production and innovation in the display industry. Companies based in the Asia Pacific region are among the global leaders in the display industry. South Korean companies like Samsung and LG, Japanese companies like Sony and Sharp, and Taiwanese companies like AU Optronics and Innolux are renowned for their technological expertise, manufacturing capabilities, and market competitiveness. According to the research report "Asia-Pacific Display Market Outlook, 2029," published by Bonafide Research, the Asia-Pacific Display market is predicted to grow with more than 7.5% CAGR from 2024 to 2029. The Asia Pacific region is one of the largest and fastest-growing markets for displays globally. With the rising demand for consumer electronics, including smartphones, tablets, TVs, and computer monitors, the demand for high-quality displays is on the rise. The Asia Pacific region is at the forefront of display technology innovation. In the Asia Pacific display market, major key players include South Korean giants Samsung Display and LG Display, known for their leadership in OLED and LCD technologies. Japanese companies Sony, Sharp, and Japan Display Inc. (JDI) are also prominent, excelling in LCD and OLED displays. Companies in this region continually invest in research and development to enhance display performance, increase energy efficiency, and explore new form factors. This innovation drives market growth and competitiveness. Proximity to major component suppliers and efficient supply chain networks contribute to the competitiveness of the Asia Pacific display market. This allows manufacturers to quickly adapt to changing market demands and optimize production processes. Asia Pacific countries have large and growing consumer electronics markets, driven by factors such as rising disposable incomes, urbanization, and technological advancements. Displays are integral components of these electronics, making the Asia Pacific region a key market for display manufacturers. The Asia Pacific display market is witnessing increased demand from emerging applications such as automotive displays, wearable devices, augmented reality (AR), virtual reality (VR), and smart home appliances. These new applications offer additional growth opportunities for display manufacturers in the region.
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Major Drivers • Rapid Technological Advancements: Asia Pacific is a hotbed for technological innovation, with countries like South Korea, Japan, China, and Taiwan leading the way in display technology development. Advancements in areas such as OLED, MicroLED, and quantum dot displays are major drivers of market growth in the region. • Growing Consumer Electronics Market: The Asia Pacific region is home to some of the world's largest consumer electronics markets, including China, Japan, and South Korea. Rising disposable incomes, urbanization, and increasing penetration of smartphones and smart TVs are fuelling demand for displays in the region. Additionally, the emergence of new applications such as augmented reality (AR), virtual reality (VR), and wearable devices is further driving market growth. Major Challenges • Intense Competition and Price Pressure: The display market in Asia Pacific is highly competitive, with numerous manufacturers vying for market share. Price sensitivity among consumers, particularly in emerging markets, poses a significant challenge for manufacturers. Companies must continually innovate and optimize production processes to remain competitive while keeping costs down. • Supply Chain Vulnerability: Asia Pacific is heavily reliant on complex global supply chains for display manufacturing. Disruptions such as natural disasters, trade disputes, or geopolitical tensions can have significant impacts on the supply of raw materials, components, and finished products. Managing supply chain risks and building resilience are critical challenges for companies operating in the region. Major Trends • Shift Towards Flexible and Foldable Displays: There is a growing trend towards flexible and foldable displays in the Asia Pacific region, driven by advancements in OLED and flexible display technologies. Manufacturers are investing in research and development to commercialize foldable smartphones, tablets, and wearable devices. These innovative form factors offer new possibilities for user experience and design, driving consumer interest and market growth. • Focus on Sustainability and Eco-Friendly Technologies: With increasing awareness of environmental issues, there is a growing emphasis on sustainability in the display market. Manufacturers in Asia Pacific are investing in eco-friendly production processes, recyclable materials, and energy-efficient display technologies. Consumers are increasingly demanding environmentally conscious products, driving companies to adopt sustainable practices throughout the supply chain.
Display Market Segmentation
| By Panel Size | Microdisplays | |
| Small & Medium-sized Panels | ||
| Large Panels | ||
| By Display type | Flat Panel Display | |
| flexible Panel Display | ||
| Transparent Panel Display | ||
| By Display technology | LCD | |
| OLED | ||
| Micro-LED | ||
| Direct-view LED | ||
| Others | ||
| By Application | Smartphone and Tablet | |
| Smart Wearable | ||
| Television and Digital Signage | ||
| PC and Laptop | ||
| Vehicle Display | ||
| Others | ||
| By Induatrial Vertical | Consumer Electronics | |
| Retail | ||
| BFSI | ||
| Health care | ||
| Automotive | ||
| Military and defense | ||
| Others | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
SMEs are leading in the Asia Pacific display market due to their agile adaptation to local market demands and cost-effectiveness. Small and Medium Enterprises (SMEs) are leading the display market industry in the Asia Pacific due to their agile adaptation to local market demands and cost-effectiveness. Unlike large multinational corporations that often face challenges in understanding and responding quickly to diverse and dynamic regional markets, SMEs possess a distinct advantage in their ability to pivot swiftly in response to changing consumer preferences, cultural nuances, and regulatory requirements. This agility enables SMEs to tailor their products and services more effectively, resonating with the specific needs and preferences of customers in various Asian markets. Moreover, SMEs often excel in cost-effectiveness, offering competitive pricing without compromising on quality. In the display market, where technological advancements are rapid and price sensitivity is high, this ability to deliver value for money is crucial for gaining market share. By streamlining their operations, leveraging local resources, and fostering innovation within smaller teams, SMEs can achieve cost efficiencies that translate into more affordable products for consumers. This affordability factor resonates strongly in the Asia Pacific region, where a significant portion of the population belongs to emerging markets with diverse economic conditions. Furthermore, SMEs in the display market leverage their agility and cost-effectiveness to forge strategic partnerships and collaborations within the region. By forming alliances with local distributors, retailers, and technology providers, SMEs can expand their reach and penetrate deeper into diverse Asian markets. These partnerships facilitate market access, enhance brand visibility, and provide valuable insights into consumer preferences and market trends. Through such collaborations, SMEs can effectively navigate the complexities of the Asia Pacific market landscape and establish a strong foothold in key segments. First Panel Display leads in the Asia Pacific display market due to its comprehensive product range, extensive manufacturing capabilities, and strong distribution network across the region. First Panel Display's dominance in the Asia Pacific display market can be attributed to several key factors, with its comprehensive product range being paramount among them. The company offers a diverse portfolio of display solutions tailored to meet the varying needs of consumers and businesses across different industries. Whether its LCD panels for consumer electronics, OLED displays for smartphones, or large-scale LED screens for commercial applications, First Panel Display has established itself as a one-stop destination for all display requirements. This breadth of offerings allows the company to cater to a wide range of customers, from individual consumers to multinational corporations, positioning it as a leader in the highly competitive Asia Pacific market. First Panel Display's extensive manufacturing capabilities play a crucial role in its success. The company operates state-of-the-art production facilities equipped with the latest manufacturing technologies and processes. This vertical integration enables First Panel Display to maintain strict quality control measures, streamline production processes, and ensure timely delivery of products to customers across the Asia Pacific region. First Panel Display has built a robust distribution network that spans across the Asia Pacific region. Through strategic partnerships with distributors, resellers, and channel partners, the company has established a strong presence in key markets such as China, Japan, South Korea, and Southeast Asia. Furthermore, First Panel Display's commitment to innovation and research and development (R&D) has been instrumental in maintaining its leadership position in the Asia Pacific display market. The company invests significant resources in R&D to drive continuous product innovation, improve manufacturing processes, and stay abreast of emerging technologies and market trends. LCD display technology is leading in the Asia Pacific display market due to its widespread adoption in consumer electronics, robust manufacturing infrastructure, and competitive pricing. LCD (Liquid Crystal Display) technology has emerged as the dominant force in the Asia Pacific display market, propelled by several key factors that have cemented its position as the preferred choice for consumers and businesses across the region. The primary reason for LCD technology's leadership lies in its widespread adoption in consumer electronics, ranging from smartphones and tablets to televisions and computer monitors. The proliferation of LCD displays in these devices has created a strong consumer preference for this technology, driving demand and shaping market dynamics. One of the driving forces behind LCD technology's dominance in the Asia Pacific region is the presence of a robust manufacturing infrastructure. Countries such as China, South Korea, Japan, and Taiwan boast well-established manufacturing facilities specializing in LCD production. These facilities benefit from economies of scale, advanced manufacturing processes, and access to a skilled workforce, enabling them to efficiently produce high-quality displays at competitive prices. The abundance of manufacturing capacity ensures a steady supply of LCD panels to meet the region's soaring demand for consumer electronics, further solidifying LCD technology's leadership in the market. LCD technology can be tailored to suit various applications and environments; this versatility has enabled LCD displays to penetrate a multitude of markets within the Asia Pacific region, from consumer electronics and automotive displays to digital signage and industrial applications. Innovations such as high-resolution panels, LED backlighting, and advanced colour reproduction technologies have raised the bar for image quality, rivalling the performance of alternative display technologies. These advancements have further bolstered consumer confidence in LCD displays, driving adoption rates and reinforcing their leadership in the Asia Pacific display market. Smartphones and tablets are leading in the display market in the Asia Pacific due to widespread adoption driven by mobile-first cultures and rapid technological advancements catering to diverse consumer needs. The dominance of smartphones and tablets in the display market across the Asia Pacific region can be attributed to several key factors, but the primary reason lies in their widespread adoption driven by mobile-first cultures and rapid technological advancements that cater to diverse consumer needs. Firstly, the prevalence of mobile-first cultures in many countries across the Asia Pacific region has significantly contributed to the dominance of smartphones and tablets in the display market. In countries like South Korea, Japan, China, and India, mobile devices have become essential tools for communication, entertainment, and productivity. With large populations and increasing internet penetration rates, consumers rely heavily on smartphones and tablets as their primary means of accessing digital content and services. Mobile-centric lifestyles, characterized by constant connectivity and on-the-go productivity, have created a fertile ground for the widespread adoption of these devices, positioning them as indispensable tools in the daily lives of millions of people across the region. Moreover, rapid technological advancements play a crucial role in driving the popularity of smartphones and tablets in the Asia Pacific display market. The region is home to some of the world's leading technology companies, constantly pushing the boundaries of innovation in display technology. From high-resolution screens and edge-to-edge displays to advanced camera systems and immersive multimedia experiences, manufacturers in the Asia Pacific region are at the forefront of developing cutting-edge features that appeal to discerning consumers. Additionally, the availability of a wide range of price points ensures accessibility for consumers across diverse socioeconomic backgrounds, further fuelling the adoption of smartphones and tablets in the region. Industrial consumers are leading in the display market in Asia Pacific due to the growing demand for advanced visualization technologies and automation in manufacturing processes. The dominance of industrial consumers in the display market across the Asia Pacific region can be attributed to the inexorable march towards automation and the adoption of advanced visualization technologies within manufacturing sectors. As industries evolve and seek efficiency gains, the role of displays has become paramount. These displays serve as the interface between humans and machines, facilitating real-time monitoring, control, and decision-making processes in diverse industrial settings. At the heart of this trend lies the pursuit of enhanced productivity and operational excellence. Industrial players are increasingly turning to automation to streamline their processes, reduce errors, and optimize resource utilization. In this context, displays play a pivotal role by providing operators with comprehensive insights into various facets of production, ranging from equipment status and performance metrics to quality control parameters. Moreover, the proliferation of Industry 4.0 principles has catalysed the adoption of smart manufacturing practices across the Asia Pacific region. As industries embrace interconnected systems and data-driven decision-making, the demand for high-performance displays capable of visualizing complex data sets in real time has surged. From automotive assembly lines to semiconductor fabrication facilities, industrial consumers are investing in cutting-edge display solutions to create digital twins, simulate production scenarios, and optimize workflows. As regulatory requirements pertaining to workplace safety, environmental sustainability, and product quality become more stringent, industrial consumers are investing in displays that facilitate compliance management and regulatory reporting. From digital signage for hazard communication to graphical user interfaces for operator training, displays serve as indispensable tools for ensuring regulatory compliance and mitigating operational risks.
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Display Market Market Regional Insights
China's leading position in the display market in the Asia Pacific is driven by its robust manufacturing infrastructure and extensive government support. China's predominance in the showcase market in the Asia Pacific district can be credited to a few variables, however one general explanation is its vigorous assembling foundation combined with broad government support. The country's fast industrialization and vital interests in foundation advancement have pushed it to the bleeding edge of the worldwide showcase industry. China brags an immense organization producing offices, which benefit from economies of scale, smoothed out supply chains, and cost efficiencies. The presence of various presentation fabricating goliaths like BOE Innovation Gathering Co., Ltd., Tianma Microelectronics Co., Ltd., and Huaxing Optoelectronics Co., Ltd., among others, highlights the country's ability in this area. Besides, China's ideal business climate, described by somewhat low work costs, strong government strategies, and an enormous home-grown market, has drawn in huge speculations from both home-grown and unfamiliar firms. The Chinese government has executed different arrangements and drives to animate development, advance innovative work, and boost organizations to put resources into cutting edge producing advancements. For example, the "Made in China 2025" drive plans to redesign the nation's assembling capacities and cultivate the improvement of key businesses, including the showcase area, through interests in mechanization, digitalization, and savvy producing. China's proactive way to deal with licensed innovation (IP) insurance and requirement has supported financial backer certainty and empowered innovation move and cooperation. The nation has laid out specific IP courts, improved lawful structures, and carried out stricter implementation measures to shield the freedoms of pioneers and makers, in this way encouraging a favourable climate for development and speculation.
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Companies Mentioned
- Panasonic Corporation
- Samsung Electronics Co., Limited
- Sony Corporation
- LG Display Co. Limited
- Innolux Corporation
- Barco NV
- Leyard Opto-Electronic Company Ltd.
- NEC Corporation
- Sharp Corporation
- Magic Leap, Inc.
- HannStar Display Corporation
- AUO Corporation
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Display Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Display Type
- 5.4. Market Size and Forecast, By Application
- 5.5. Market Size and Forecast, By Display technology
- 5.6. Market Size and Forecast, By Induatrial Vertical
- 5.7. Market Size and Forecast, By Panel Size
- 6. Asia-Pacific Display Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Display Type
- 6.4. Market Size and Forecast, By Application
- 6.5. Market Size and Forecast, By Display technology
- 6.6. Market Size and Forecast, By Induatrial Vertical
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. China Display Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Display Type
- 7.8.3. Market Size and Forecast By Application
- 7.9. Japan Display Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Display Type
- 7.9.3. Market Size and Forecast By Application
- 7.10. India Display Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Display Type
- 7.10.3. Market Size and Forecast By Application
- 7.11. Australia Display Market Outlook
- 7.11.1. Market Size By Value
- 7.11.2. Market Size and Forecast By Display Type
- 7.11.3. Market Size and Forecast By Application
- 7.12. South Korea Display Market Outlook
- 7.12.1. Market Size By Value
- 7.12.2. Market Size and Forecast By Display Type
- 7.12.3. Market Size and Forecast By Application
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Panasonic Holdings Corporation
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. HannStar Display Corporation
- 8.5.3. AUO Corporation
- 8.5.4. Samsung Electronics Co Ltd
- 8.5.5. Innolux Corporation
- 8.5.6. Sony Group Corporation
- 8.5.7. LG Display Co., Ltd
- 8.5.8. Sharp Corporation
- 8.5.9. Seiko Epson Corporation
- 8.5.10. NEC Corporation
- 8.5.11. Barco NV
- 8.5.12. Leyard Optoelectronic Co., Ltd.
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Display Market Size and Forecast, By Display Type (2018 to 2029F) (In USD Billion)
Table 6: Global Display Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 7: Global Display Market Size and Forecast, By Display technology (2018 to 2029F) (In USD Billion)
Table 8: Global Display Market Size and Forecast, By Induatrial Vertical (2018 to 2029F) (In USD Billion)
Table 9: Global Display Market Size and Forecast, By Panel Size (2018 to 2029F) (In USD Billion)
Table 10: Asia-Pacific Display Market Size and Forecast, By Display Type (2018 to 2029F) (In USD Billion)
Table 11: Asia-Pacific Display Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 12: Asia-Pacific Display Market Size and Forecast, By Display technology (2018 to 2029F) (In USD Billion)
Table 13: Asia-Pacific Display Market Size and Forecast, By Induatrial Vertical (2018 to 2029F) (In USD Billion)
Table 14: Influencing Factors for Display Market, 2023
Table 15: China Display Market Size and Forecast By Display Type (2018 to 2029F) (In USD Billion)
Table 16: China Display Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 17: Japan Display Market Size and Forecast By Display Type (2018 to 2029F) (In USD Billion)
Table 18: Japan Display Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 19: India Display Market Size and Forecast By Display Type (2018 to 2029F) (In USD Billion)
Table 20: India Display Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 21: Australia Display Market Size and Forecast By Display Type (2018 to 2029F) (In USD Billion)
Table 22: Australia Display Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 23: South Korea Display Market Size and Forecast By Display Type (2018 to 2029F) (In USD Billion)
Table 24: South Korea Display Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Display Market Share By Region (2023)
Figure 6: Asia-Pacific Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Asia-Pacific Display Market Share By Country (2023)
Figure 8: China Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Japan Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: India Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Australia Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: South Korea Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: Competitive Dashboard of top 5 players, 2023
Figure 14: Porter's Five Forces of Global Display Market
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