Embedded Display Market:
Growth opportunities in the Embedded Display Market look promising over the next six years. This is mainly due to the increasing production capacities and expansion in development of new products by leading companies.
Embedded Display Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The drivers responsible for the growing prominence of the embedded display market includes the accelerating penetration of smartphones coupled with an augmentation in demand for automated equipment and systems for household, industrial and commercial uses. Also, the surging demand, supply, and production of advanced-technology-based consumer electronics, including home appliances, wearables, and TVs, led by the increase in consumer expenditure, will supplement the market growth. In accordance with the report published by the World Economic Forum, the disbursement by consumers on smart home-related devices reached US$ 52 billion and declined a bit to US$ 44 billion in 2020 owing to the coronavirus pandemic.
Moreover, various major players involved in the production of electronics are introducing smart devices based on the latest technology, and expanding the production capacities to encounter the worldwide demand will bring enormous growth opportunities for the market. For example, Samsung Display, in 2020, enlarged the production capacity of LCD panels for TVs and monitors because of the raised demand for these products. Also, Samsung, the major South Korean smartphone, planned to invest US$ 644.72 Million in India for intensifying the production of mobile and IT displays from China to Uttar Pradesh, India. However, the variations in the prices of raw material and restraint in cash flow due to the COVID-19 pandemic coupled with the boost in the usage of widescreen displays will obstruct the embedded display market size.
Material Segment Drivers
Based on the material, automobile displays are predicted to witness a higher CAGR over the forecast period. This is mainly because of the growing demand for these displays in connected and electric vehicles and the rise in automotive sales and production. For instance, As per the Car Group Organization, in 2019, approximately 94 million vehicles, including passenger cars and light commercial vehicles, were sold, which fuelled the market growth.
Embedded Display Market’s leading Manufacturers:
- Data Modus AG
- AndersDX
- Altia Inc.
- EDT
- Avnet, Inc.
- ENEA AB
- Esterel Technologies SA
- Multitouch Ltd
- ANSYS
- Planar Systems
- Microsoft
Embedded Display Market Segmentation:
Segmentation by Technology
- Organic Light Emitting Diode (OLED)
- LCD (Liquid Crystal Display)
- LED (Light Emitting Diode)
- Others
Segmentation by Device
- Portable
- Fixed
Segmentation by Material
- Wearables and Fitness Devices
- Automobile Displays
- Home Automation and HVAC Systems
- Medical devices
- Smart Devices
- Smart phones
- LED TVs
- LCDs
- Others
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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