Feature: Displays
Regional insights T e Asia Pacifi c region leads in production and consumption of display panels. Here the adoption of new technologies for smartphones, tablets, laptops and televisions make this region an attractive market opportunity, being the home to several major consumer electronics and display manufacturers, including Samsung Electronics, LG Display, Panasonic and AU Optronics, with a growing number of display manufacturing plants. Furthermore, the cost of labour in the region is low, reducing overall manufacturing costs and further adding to the region’s attractiveness. T e consumer electronics, retail, banking,
healthcare, transportation, and sports and entertainment industries are expected to contribute substantially to the growth of the display market in the region. Additionally, rising adoption of display devices in various industries, especially in China, India and South Korea, is a key factor supporting the market growth. Asia Pacifi c will continue to witness major demand for smartphone displays during the forecast period, and the presence of established smartphone manufacturers in the region, off ering further growth opportunities. T e major players in the display market
Summary of the current global displays market Smartphones and televisions are
important device categories that use LCD and OLED display panels extensively. With the launch of quantum dot-based televisions and growing demand for large and high- resolution products, the penetration of high-value panels is expected to increase gradually during the forecast period. Also, various display panel manufacturers have reported an increase in the sale of mobile displays due to new product launches and improved supply-demand environment for large panels, even during the pandemic. T us, smartphones, televisions and smart wearables – especially smart watches and VR HMDs – will be the major product categories driving the growth of the consumer electronics segment during the forecast period.
are Samsung Electronics (South Korea), LG Display (South Korea), BOE Technology (China), AU Optronics (AUO) (Taiwan) and Innolux (Taiwan), taking up over 45% of the overall market. Other key players include Sharp (Japan), Japan Display (JDI) (Japan), Sony (Japan), Leyard Optoelectronics (Leyard) (China) and Qisda Corporation (Taiwan).
The Asia-Pacifi c display market
www.electronicsworld.co.uk April 2023 31
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