About Next Generation Display
Next generation displays provide higher resolution, better display quality, and improved backlight. These type of displays consume lesser power and are the advancements to LCD and plasma technology. In addition they require low maintenance. Environmental issue are increasing the demand for green and energy efficient products. Moreover, the next generation display has various applications such as television, smart watches, smartphones, laptops and others. Hence, these wide range of applications is increasing the demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The competitive landscape for next-generation displays is very dynamic, with new technologies and players emerging all the time. The major players are all investing heavily in research and development, and there is a constant race to be the first to market with new and innovative products. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Next Generation Display market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Samsung Electronics (South Korea), Philips (Netherlands), Sony (Japan), Kyocera (Japan), LG (South Korea), Universal Display Corporation (UDC) (United States), Visteon Corporation (United States), Nanosys (United States), Iljin Display Co. (South Korea) and Fujipream Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Royole Corporation (China).
Segmentation Overview
AMA Research has segmented the market of Global Next Generation Display market by , Application (Mobile phones market, Consumer electronics, Industrial applications, Movie/entertainment, TV/monitors, Automotive, Advertising and E-reader market) and Region.
On the basis of geography, the market of Next Generation Display has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Electromagnetism display technology will boost the Next Generation Display market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Materials Used, the sub-segment i.e. Carbon nano tubes will boost the Next Generation Display market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Resolution, the sub-segment i.e. 3840 x 2160 will boost the Next Generation Display market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle of Consumers
Market Growth Drivers:
Increasing inclination of consumers towards the better display devices is fueling the market growth. There is increasing production of display devices due to high growth of next generation display materials. In addition, there is continuous up gradation new and existing display panel which is increasing the demand in next generation display panel
Challenges:
Slow Adoption of QLED Owing to Lack of Awareness among the Consumers
Restraints:
High Costs Associated with the Materials used may hamper the Market Growth
Opportunities:
Increasing Disposable Income is Fueling the Market Growth and Growing Technological Advancements
Market Leaders and their expansionary development strategies
In September 2023, Qualcomm Technologies, Inc. announced two new spatial computing platforms Snapdragon XR2 Gen 2 and Snapdragon AR1 Gen 1 – that will enable the next generation of mixed reality (MR), virtual reality (VR) devices and smart glasses.
In September 2023, ASUS announced the ProArt Power Up Next-Gen Production attend ProArt Masters’ Talks featuring industry experts from renowned companies including Adobe, Light Illusion, NVIDIA, and Scan Computers, as well as award-winning director Brett Danton.
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.