The Global Next-Generation Display Materials Market Size is valued at 142.36 billion in 2022 and is predicted to reach 259.31 billion by the year 2031 at an 7.05% CAGR during the forecast period for 2023-2031.
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 January 2022-Samsung Display introduced new foldable demo OLED products such as the Flex G, Flex S, and Flex Note. The items can be found in smartphones and laptops with foldable displays and computers without a keyboard.
- In April 2020-Merck purchased an OLED patent portfolio from Konica Minolta Inc. to strengthen its position as a leading provider of OLED materials in the market.
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
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Report Attribute |
Specifications |
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Market size value in 2022 |
USD 142.36 Bn |
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Revenue forecast in 2031 |
USD 259.31 Bn |
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Growth rate CAGR |
CAGR of 7.05% from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Product And Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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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 |
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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. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
