According to a new market research report "Embedded Display Market by Technology (LCD, LED, OLED), Industry (Automotive, Construction equipment, Medical, Fitness equipment, Wearables, Home appliances, HVAC, Industrial automation) & Geography - Forecast to 2020", the Embedded Display market is expected to reach $12.8 billion by 2020 growing at a CAGR of 12.44% between 2014 and 2020.
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An embedded display is a user friendly system implemented in almost all devices across applications such as home appliances, industrial automation and so on. Recent developments such as innovation related to the embedded display technology, and increasing number of automated devices have helped increase the market share of embedded displays in various segments. . The key application areas of embedded displays are automotive, industrial automation, home automation, farm equipment, fitness, wearables, home appliances, scientific test & measurement, medical home, medical professional & others. The largest application of embedded display is in the medical professional segment due to the massive growth in innovative medical devices in various regions across the globe.
Technology has a major role to play in this sector due to the cost effective matrix, and results into a longer life cycle of products and systems, along with greater reliability. The highlighting features of embedded displays include high efficiency and low cost. The overall embedded display market is segmented into three major segments- technology, industry, and geography. All segments are separately classified in the report. The embedded display market is expected to grow at a CAGR of 12.44% between 2014 and 2020.
Geographically, the embedded display market is segmented into North America (the U.S., Canada, and others), Europe (Germany, the U.K., France, and others), APAC (China, Japan, Korea, India, and others) and the Rest of the World (the Middle East & Africa, South America, and others).The North American market accounted for the largest share of ~35% in 2013 and is estimated to grow at a CAGR of 13.27% between 2014 and 2020. The APAC region is also expected to grow at a high CAGR of 12.22% between 2014 and 2020. Main factors for the growth of embedded displays market are the increasing demand for embedded displays in high-end devices in automotive and medical sectors and features such as low cost, high efficiency, and user-friendly operation.
Players involved in the development of the embedded display market include Avnet, Inc. (U.S.), AndersDX (U.K.), Multitouch Ltd. (Finland), Esterel Technologies SA (France), Planar Systems, Inc. (U.S.), Altia Inc. (U.S.), ENEA AB (Sweden), Green Hills software, Inc. (U.S.), Intel Corp. (U.S.) and Microsoft Corp. (U.S.)
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