Smartphone screen market is expected to reach US$123.7

Smartphone screen market is expected to reach US$123.7

NEW YORK, US, September 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 – Forecasts to 2030”, to reach US$123.7 billion by 2030, at a compound annual growth rate of 8.30% over the forecast period (2022-2030).

Smartphone Display Market Overview

The global smartphone screen market is experiencing rapid revenue growth. The rise in the market is due to the technological advancements in displays and smartphones. Besides, significant R&D investments in developing displays and connectivity solutions are driving market growth. The increasing adoption of advanced display technologies, such as OLED and AMOLED in smartphones, is boosting the market size.

As technologies mature, they influence market trends and market opportunities. In addition, the increasing use of HD interfaces in smartphones is affecting the market revenue. Moreover, the growing trend of live streaming and OTT content is positively affecting the growth of the market. OLED technology is rapidly replacing existing LED and LCD technologies from various smartphone brands.

The players driving the smart phone screen market are

  • Japan Display Inc. (Japan)
  • SAMSUNG (South Korea)
  • Toshiba Corporation (Japan)
  • Sharp Corporation (Japan)
  • LG Electronics (South Korea)
  • Fujitsu Ltd. (Japan)
  • Apple (US)
  • Sony Corporation (Japan)
  • Motorola Corporation (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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On the contrary, the high cost of OLED and AMOLED screens is a major factor hindering market growth. However, the increasing demand for higher image quality and better image resolution would support the growth of the market throughout the evaluation period. Display quality is measured by contrast ratio, color calibration, brightness, and sunlight clarity.

There are many types of monitors available in the market today. They include LCD (liquid crystal display), IPS-LCD (in-plane switching liquid crystal display), OLED (organic light-emitting diode), AMOLED (matrix active organic light-emitting diode), and others. The integrated screen with the touch element is a key element of the user interface. LCD screens consist of an array of liquid crystals and can be very visible in direct sunlight.

IPS-LCD screens have become a popular type of display in mid-to-high-end phones, providing superior viewing angle and better color reproduction. OLEDs and AMOLEDs emit light, which eliminates the need for a backlight and, therefore, could allow for a thinner panel. The main advantage of OLED and AMOLED displays is their ability to produce their own light, eliminating the need for backlighting and reducing power requirements.

AMOLED technology is much better than LED and LCD technology and has lower power consumption. The increasing adoption of these screens across the smartphone industry is boosting the market size. In addition, the increasing demand for energy-efficient displays for smartphones and other electronic devices is driving up the market globally.

Scope of the Smartphone Display Market Report:

Report metrics details
Market size by 2030 123.7 billion US dollars
Compound annual growth rate from 2022 to 2030 8.30%
base year 2021
Period of time 2022-2030
Report coverage Revenue forecast, competitive landscape, growth factors, and trends
Key market opportunities The growing primary market for TVs, monitors, smartphones and tablets
Main market drivers Higher cost increase
The diverse range of modern 3D penetration

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Smartphone Display Market Segments

The smartphone screens market is segmented into types, display technologies, sizes, resolutions, and regions. The type segment is divided into capacitive, impedance and other displays. The display technology section is divided into TFT-LCD, IPS-LCD, OLED, AMOLED and others.

The size section is subdivided into 0-4″, 4-5″, 5-6″ and up 6″. The resolution part is divided into 720 x 1280, 1920 x 1080 and others. The sub-region is divided into the Americas, Europe, Asia Pacific, and the rest of the world.

Geographical analysis of the smartphone display market

The global smartphone screen market is dominated by the Asia Pacific region. The region has always attracted foreign investors with its advantages of raw materials and the availability of cost-competitive manpower, which affects its market share. Besides, the growing numbers of smartphone users and the vast smartphone industries in the region are boosting the market size. With a large number of smartphone industries, China, Japan and India hold large shares in the regional market.

North America ranks second globally in terms of smartphone screen market revenue. The market is mainly driven by the massive developments in display technologies and the proliferation of smartphones in the region. Moreover, the strong presence of prominent players in the industry, such as Apple Inc. And Google, drives regional market growth. The increasing demand and availability of high quality smartphone screens in the region is driving the market growth.

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Europe is another promising market for smartphone screens. The smartphone screen market in this region is experiencing a rapid expansion phase. Factors such as the increasing adoption of smartphone screen technologies, such as OLED and AMOLED, are spurring market growth in the region. The European smartphone screen market is expected to witness impressive growth during the review period.

Smartphone Screen Market Competitive Analysis

The highly competitive smartphone screen market is seeing many well-established players. These players focus on innovations and improvements in product, service, and product innovations. Players integrate strategic initiatives such as collaboration, acquisition, partnership, product launch, technology, and expansion to gain a greater competitive share.

For example, on August 27, 2022, Samsung, the leading smartphone brand, announced that it was developing a dual-screen phone that features a transparent screen on the back. The patent application for Samsung’s new dual-screen phone was filed in January 2022. It is alleged that the global intellectual property is developing the dual-screen technology for this smartphone organization (WIPO), a South Korean technology company.

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In another case, on September 8, 2022, Apple launched the most advanced smartphone display with the iPhone 14, which boasts battery life and camera upgrades over its predecessor. Its four new models feature larger screens ranging from 6.1 to 6.7 inches and a more powerful processor. Besides, they are all equipped with a larger, lightweight sensor capable of producing low-light photographs compared to the quality of the previous generation.

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On the future of market research:

Market Research Future (MRFR) is a global market research company that prides itself on its services, providing complete and accurate analysis in relation to diverse markets and consumers worldwide. Market Research Future has the distinct objective of providing optimum quality research and accurate customer research. Our market research studies by products, services, technologies, applications, end users and market players for global, regional and country market segments, enables our clients to see more, learn more and do more, helping answer your most important questions.

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