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Next-Generation Display Materials Market

Next-Generation Display Materials Market Size, Share & Trends Analysis Report By Product (Organic Light Emitting Diode (OLED), Thin-Film Transistors LCD (TFT-LCD)) And Application (Smartphones, Television And Monitors, Smartwatches, Automotive Displays, Laptops And Tablets), By Region, And Segment Forecasts, 2024-2031

Report ID : 1577 | Published : 2024-02-08 | Pages: 180 | Format: PDF/EXCEL

The Global Next-Generation Display Materials Market Size is valued at 150.35 billion in 2023 and is predicted to reach 259.31 billion by the year 2031 at an 7.22% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • An increasing number of individuals are looking for display technologies that are aesthetically pleasing, environmentally friendly, and of excellent quality, which is leading to market growth.
  • The growing interest in organic light-emitting diode screens is driven by rising disposable income and the expansion of this market.
  • North America dominated the market and accounted for a global revenue share in 2023.
  • One of the significant concerns is restraining the high startup costs of industrial facilities, numerous tests, and lengthy development cycles required to bring new display materials to market.

next generation display material

The technology that separates contemporary imaging systems from earlier ones is "next-generation display." Next-generation displays are more sophisticated than LCD and plasma displays while using less energy. Broader viewing angles, changing display market trends, high-resolution smartphones and tablets, displays, video cameras, video screens, set Top boxes, and recorders are some of the 4K technological products that are currently on the market and are anticipated to drive the global next-generation display market's revenue growth.

The market for smart TVs is expected to increase quickly due to the increasing demand for large displays in the TV industry. Governments worldwide are outlawing the use of cadmium because it is dangerous to the environment and is used in the production of display panels. As a result, A large customer base is drawn to gadgets and devices with next-generation display materials for high-resolution & higher picture quality due to ongoing innovations & advancements in display materials linked to the launch of OLEDs.

Advantages like improved image quality also drive the Global Next-Generation Display Materials Market, better contrast, a wider viewing angle, higher brightness, a wide color gamut, and much faster refresh rates, as well as environmental advantages like reduced power consumption of the OLED next-generation displays. The automotive industry is rapidly expanding worldwide and creating technologically cutting-edge vehicles to address growing concerns related to grave environmental difficulties.

Similarly, it is anticipated that major market participants will be motivated to create an Organics Light-Emitting Diode (OLED) display driver embedded system with reduced power consumption due to the demand for next-generation display materials. 

Recent Developments:

  • In November 2023, Toray Industries, Inc. unveiled LUMIRICATM, a color conversion sheet that utilizes organic fluorescent materials that do not include cadmium and emit light with exceptional color purity. This sheet provides improved dependability for high-luminance liquid crystal displays. It will highlight the new product’s potential uses on televisions and monitors.
  • In September 2023, Samsung SDI Co., Ltd., Samsung Electronics Co., Ltd., and Samsung Display Co., Ltd. Announced their intention to work together at the highly anticipated IAA MOBILITY, which will change the game for connected mobility and attract businesses and consumers worldwide. 

Competitive Landscape:

Some of the next-generation display materials market player are:

  • Idemitsu Kosan Co., Ltd
  • Toray Industries, Inc
  • Samsung SDI Co
  • Universal Display Corporation
  • Novaled GmbH
  • Nanosys Inc
  • Nanoco Group PLC
  • Doosan Corporation
  • Quantum Materials Corporation
  • PPG Industries, Inc
  • DuPont Inc
  • Optovate
  • Plessey
  • eLux Inc
  • Jade Bird Display Inc

Market Segmentation:

The next-generation display materials market is segmented based on product and application. Based on product, the next-generation display materials market is segmented as an organic light emitting diode (OLED), thin-film transistors LCD (TFT-LCD), and Others (Micro-LED, Mini-LED, and QLED). By application, the market is segmented into smartphones, television and monitors, smartwatches, automotive displays, laptops and tablets, and others.

Based On Product, The OLED Segment Is A Major Contributor To The Next-Generation Display Materials Market.

The OLED category will hold a major share of the global market. OLEDs, which have advantages including a small design, high resolution, larger screens, lighter weight, wide-viewing angle, and multiple folds' quick response time, are largely to blame for the sharp rise in demand for them. Due to the higher flexibility that OLED display materials offer, many smartphone makers are heavily relying on them to launch new products with improved screen resolutions & features for the quickly growing number of users, especially in Asia-Pacific. In addition, the market is being driven by the quick technological development and the trade and usage rights of patented OLED & QLED (Quantum dot light-emitting diode) display materials.

The Television And Monitors Segment Witnessed Growth At A Rapid Rate.

The television and monitors segment is projected to grow rapidly in the global next-generation display materials market. It mostly has to do with the rapidly improving economic conditions of people linked to rising sales and manufacturing of televisions and monitors, i.e., boosting the need for next-generation display materials for high resolution & greater definition. The market development is also significantly fueled by the growing use of large, inexpensive display panels in contemporary televisions, especially in countries such as the US, Germany, the UK, China, and India.

The Asia Pacific Next-Generation Display Materials Market Holds A Significant Revenue Share.

The Asia Pacific next-generation display materials industry is expected to register the highest market share in revenue shortly. The three countries that make the most money in the Asia-Pacific market are China, Japan, and South Korea. This results from a growth in R&D initiatives, funding from public and private sources, and a rise in the number of suppliers and producers of display materials in the area. In addition, North America is projected to grow rapidly in the global Next-Generation Display Materials market. The largest revenue contributors to the North American market were the United States and Canada, and it is anticipated that this pattern will hold during the forecast period. Technological changes and the growing adoption of Lcd screens due to rising disposable cash and shifting lifestyles among consumers throughout the region are driving the growth of the market.

Next-Generation Display Materials Market Report Scope

Report Attribute

Specifications

Market size value in 2023

USD 150.35 Bn

Revenue forecast in 2031

USD 259.31 Bn

Growth rate CAGR

CAGR of 7.22% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million, and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends

Segments covered

Product And Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Idemitsu Kosan Co., Ltd., Toray Industries, Inc., Samsung SDI Co., Universal Display Corporation, Novaled, Nanosys, Nanoco Group PLC, Doosan Corporation, Quantum Materials Corporation, PPG Industries, Inc., and DuPont Inc.Hydrogen, Air Products Inc.and ACME Group.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

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Chapter 1. Methodology and Scope

1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Next-Generation Display Materials Market Snapshot

Chapter 4. Global Next-Generation Display Materials Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Organic Light Emitting Diode (OLED)

5.2.1.1. Electron Transport Layer
5.2.1.2. Hole Transport Layer
5.2.1.3. Emissive Layer
5.2.1.4. Substrate
5.2.1.5. Electrodes
5.2.1.6. Conductive Layer
5.2.1.7. Encapsulation

5.2.2. Thin-Film Transistors LCD (TFT-LCD)

5.2.2.1. Backlight Unit
5.2.2.2. Color Filters
5.2.2.3. Glass Panels
5.2.2.4. Polarizers
5.2.2.5. Integrated Circuits (ICs)
5.2.3. Others (Micro-LED, Mini-LED, And QLED)

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

6.2.1. Smartphones
6.2.2. Television And Monitors
6.2.3. Smartwatches
6.2.4. Automotive Displays
6.2.5. Laptops And Tablets
6.2.6. Others

Chapter 7. Next-Generation Display Materials Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.1.2. North America Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.2. Europe

7.2.1. Europe Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.2.2. Europe Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.3.2. Asia Pacific Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.4. Latin America

7.4.1. Latin America Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.4.2. Latin America Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2024-2031
7.5.2. Middle East & Africa Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Next-Generation Display Materials Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Idemitsu Kosan Co., Ltd
8.2.2. Toray Industries, Inc
8.2.3. Samsung SDI Co
8.2.4. Universal Display Corporation
8.2.5. Novaled GmbH
8.2.6. Nanosys Inc
8.2.7. Nanoco Group PLC
8.2.8. Doosan Corporation
8.2.9. Quantum Materials Corporation
8.2.10. PPG Industries, Inc
8.2.11. DuPont Inc
8.2.12. Optovate
8.2.13. Plessey
8.2.14. eLux Inc
8.2.15. Jade Bird Display Inc
8.2.16. Other Prominent Players

Segmentation of Next-Generation Display Materials Market:

Next-Generation Display Materials Market By Product-

  • Organic Light Emitting Diode (OLED)
    • Electron Transport Layer
    • Hole Transport Layer
    • Emissive Layer
    • Substrate
    • Electrodes
    • Conductive Layer
    • Encapsulation
  • Thin-Film Transistors LCD (TFT-LCD)
    • Backlight Unit
    • Color Filters
    • Glass Panels
    • Polarizers
    • Integrated Circuits (ICs)
  • Others (Micro-LED, Mini-LED, And QLED).

Next-Generation Display Materials Market

Next-Generation Display Materials Market By Application-

  • Smartphones
  • Television And Monitors
  • Smartwatches
  • Automotive Displays
  • Laptops And Tablets
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Next-Generation Display Materials Market?

Next-Generation Display Materials Market is expected to grow at 7.22% CAGR during the forecast period for 2024-2031

Idemitsu Kosan Co., Ltd., Toray Industries, Inc., Samsung SDI Co., Universal Display Corporation, Novaled, Nanosys, Nanoco Group PLC, Doosan Corporati

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