According to the research report titled ‘Global Display Market 2019-2027’, available with Market Study Report, global display market is anticipated to record a compound annual growth rate of 11.68% through 2027.
 

Increasing demand for OLED (organic light-emitting diode) devices, and rising popularity of touch-based devices are propelling the growth of global display market. Moreover, emergence of virtual reality (VR) and augmented reality (AR) will also add traction to industry scenario.
 

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For the record, displays are the screens of devices, mainly used in automotive and consumer electronics verticals. LED (light-emitting diode) or LCD (liquid crystal display) are the technologies used to produce displays. Developments in tools and technology for energy-efficient devices will work in favor of global display market.
 

However, declining sales of desktop PCs, notebooks, and tablets, together with soaring costs of some display technologies are acting as barriers for worldwide display market expansion.
 

Based on display type, the market is divided into flexible-panel display, flat-panel display, and transparent-panel display. As per technology terrain, the industry is classified into OLED, LED, quantum dot, LCD, e-paper, and others.
 

By application scope, global display industry is segmented into smartphone & tablet, PC & laptop, smart wearable, vehicle display, television & digital signage, and others. Moving on to industry verticals, the marketplace is classified into consumer electronics, healthcare, BFSI, retail, automotive, and military & defense among others.
 

Moving on regional outlook, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America are significant contributors towards worldwide display market remuneration.
 

The report cites that Asia-Pacific is likely to hold significant market share by the year 2027, with significant contributions from India and China. With many manufacturers based in Asia Pacific, the region claims to have the largest consumer electronic industry. This factor, along with adoption of innovative technologies, improved spending capacity of the populace, and rising technology awareness among the users are positively swaying the business dynamics in APAC.
 

Key contenders in global display market include AU Optronics, Corning Inc., E Ink Holdings, HannStar Display Corporation, Japan Display Inc., Kent Displays Inc., LG Display, NEC Display Solutions Ltd., Samsung Electronics Co. Ltd., and Sony Corporation.