New York, United States, Sept. 22, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Smartphone Display Market Research Report – By Type, Display Technology, Size, resolution – Forecast till 2030”, set to reach USD 123.7 billion by 2030, growing at a CAGR of 8.30% during the forecast period (2022-2030).
Overview of the smartphone display market
The global smartphone display market is experiencing rapid revenue growth. The market is growing thanks to technological advances in screens and smartphones. Additionally, substantial R&D investments made in the development of displays and connectivity solutions are driving the growth of the market. The increasing adoption of advanced display technologies, such as OLED and AMOLED in smartphones, is increasing the size of the market.
As technologies mature, they influence market trends and opportunities. Additionally, the increasing use of HD interfaces in smartphones is influencing the market revenue. Also, the growing trend of live streaming and OTT content is positively impacting the growth of the market. OLED technology is rapidly replacing existing LED and LCD technologies from various smartphone brands.
The leading players in 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. (USA)
- Sony Corporation (Japan)
- Motorola Inc. (USA)
- Tianma Microelectronics (China)
- NEC Corporation (Japan)
- BOE Technology Group Company (China)
Chi Mei Corporation (Taiwan)
- AU Optronics Corp. (Taiwan)
- Mitsubishi Electric Corporation (Japan)
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Conversely, the high cost of OLED and AMOLED displays is a major factor hampering the growth of the market. Nevertheless, the increasing demand for high image quality and better image resolution would sustain the market growth throughout the assessment period. Display quality is measured by contrast ratio, color calibration, brightness, and sunlight readability.
There are many types of screens available in the market today. These include LCD (Liquid Crystal Display), IPS-LCD (In-Plane Switching Liquid Crystal Display), OLED (Organic Light Emitting Diode), AMOLED ( active matrix organic light emitting diode) and others. The screen associated with the touch element is a major element of the user interface. LCD screens are made of a matrix of liquid crystals and can be very visible in direct sunlight.
IPS-LCDs have become a common display type for mid-range to high-end phones, offering a superior viewing angle and better color reproduction. Both OLED and AMOLED emit light which eliminates the need for backlighting and therefore can allow for a potentially thinner panel. The main advantage of OLED and AMOLED screens is that they can produce their own light, eliminating the need for a backlight and reducing power requirements.
AMOLED technology is far superior to LED and LCD technology and has low power consumption. The growing adoption of these screens in the smartphone industry is increasing the size of the market. Additionally, the growing demand for energy efficient displays for smartphones and other electronic devices is driving the market up globally.
Scope of Smartphone Display Market Report:
|Market size by 2030||$123.7 billion|
|CAGR From 2022 to 2030||8.30%|
|Period of time||2022-2030|
|Report cover||Revenue forecasts, competitive landscape, growth factors and trends|
|Key market opportunities||The growing market for televisions, monitors, smartphones and tablets|
|Key Market Drivers||Higher cost
The varied scope of modern 3D display penetration
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Smartphone display market segments
The smartphone display market is segmented into types, display technologies, sizes, resolutions, and regions. Type segment is sub-segmented into capacitive, resistive and other display screens. The display technology segment is sub-segmented into TFT-LCD, IPS-LCD, OLED, AMOLED and others.
The size segment is sub-segmented into 0-4 inches, 4-5 inches, 5-6 inches, and over 6 inches. The resolution segment is sub-segmented into 720 x 1280, 1920 x 1080 and others. The regional segment is sub-segmented into Americas, Europe, APAC and Rest of the World.
Geographical analysis of the smartphone display market
Asia-Pacific dominates the global smartphone display market. The region has long attracted foreign investors due to its raw material advantage and the availability of competitive labor, which impacts its market share. Also, the growing number of smartphone users and vast smartphone industries in the region are increasing the market size. With the presence of a large number of smartphone industries, China, Japan, and India hold significant shares in the regional market.
North America is gaining second place in the world in terms of smartphone display market revenue. The market is mainly driven by the tremendous advancements in display technologies and the proliferation of smartphones in the region. Moreover, the strong presence of notable players in the industry, such as Apple Inc. and Google, is driving the growth of the regional market. Increased demand and availability of quality smartphone screens in the region is driving the growth of the market.
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Europe is another promising market for smartphone screens. The smartphone display market in this region is experiencing a rapid expansion phase. Factors such as increasing adoption of smartphone display technologies such as OLED and AMOLED are driving the market growth in the region. The European smartphone display market is expected to experience fabulous growth over the forecast period.
Smartphone Display Market Competitive Analysis
The highly competitive smartphone display market reflects the presence of several well-established players. These players focus on innovations and improvements in product, service, and product innovations. Players incorporate strategic initiatives such as collaboration, acquisition, partnership, product and technology launch, and expansion to gain greater competitive share.
For example, on August 27, 2022, Samsung, one of the leading smartphone brands, announced that it is developing a dual-screen phone that has a transparent screen on the back. The patent application for Samsung’s new dual-screen phone was filed in January 2022. Global Intellectual Property is allegedly developing the dual-screen technology of this smartphone organization (WIPO), a South Korean technology company.
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In another instance, on September 08, 2022, Apple launched its most advanced smartphone screen with the iPhone 14, delivering battery life and camera upgrades over its predecessor. Its four new models have larger screens between 6.1 and 6.7 inches in length and a more powerful processor. In addition, all of them are equipped with a larger but lightweight sensor capable of producing low-light photography compared to the quality of the previous generation.
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