According to the new report "Display Materials Market by Material (Metal Oxide, a-Silicon, LTPS, PET, PEN, Photonic Crystals), Technology (OLED, LED, TFT-LCD, LED-LCD, Plasma, LCOS, DLP), Application (Conventional, 3D, Transparent, Flexible) & Geography - Global Forecast to 2013 - 2020", the Display Materials Market is projected to cross $50.63 Billion by 2020, growing at a moderate CAGR from 2013 to 2020.
Browse more than 44 market data tables with 51 figures spread through 264 pages and in-depth TOC on "Display Materials Market - Global Forecast to 2013 - 2020"
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The last decade witnessed a well-paced transformation in the display technology market. Displays have evolved from CRT to Plasma Display (PDP), and from PDP to LCD and LED. The latest display type is OLED. In the last quarter of 2013, the flexible display smartphones have hit the market; with tablets to follow soon after. Laptops and TVs are also expected to follow the trend of smartphones and tablets, while OLED-based televisions have also been introduced by electronics manufacturing giants such as Samsung and LG. All these developments have created demand for better and more stable materials to be used in these displays. The use of IGZO (Indium Gallium Zinc Oxide) and photonic crystals is an example.
Materials constitute an integral and fundamental part of a display that decides the quality, resolution, reliability and performance of the displays. The need of today’s display industry is being ultra thin and flexibility, which is achieved with the help of the best industry materials know to us. Over the last five decades, there have been tremendous innovations driving the in display industry, transforming the perspective of the customer with regard to displays. A few new materials were discovered and have been incorporated by some giants in this industry, cementing the future of display technology.
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Materials play a pivotal part in the fast-growing display market. The best performance of the display can be assured with the selection of the most efficient and productive materials, and choosing the most cost-effective materials in order to maintain prices at more affordable levels. Displays have literally become ubiquitous and are used in a variety of devices such as smart phones, tablets, laptops, desktops, HDTVs, wearable devices, and so on. Due to the enhancement in technology and easy availability of the materials, display manufacturing has been increasing rapidly and is expected to increase exponentially in the future. However, the technological advancement is posing problems for the new manufacturers as it takes them time to understand their workings and implement it in their production process.
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New technologies that are recently introduced in the market such as OLED, TFT-LCD, LED-LCD, plasma, DLP and LCoS are driving the market with full force, and expected to grow further. Materials that are mainly used in the manufacturing of the display panels are indium-tin-oxide (ITO), indium-gallium-zinc-oxide (IGZO), a-silicon, LTPS, PEN, PET, liquid crystals, photonic crystals among the others; wherein ,polymers such as PEN and PET are new materials in the market that are used largely for making flexible displays.
The characteristics and features of some of the emerging displays, such as flexible, rollable and bendable displays, are acting as the biggest drivers for the dielectric materials market. This emerging display market possesses some of the most unique distinct features such as sleekness, rollability/flexibility, and ruggedness, and thus, these displays can be utilized in most of the industries.
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The Display Materials Market is segmented into four categories that include materials, technology, application, and geography. This report divides the overall market into four main geographical segments, namely, North America, Europe, APAC, and ROW. APAC contributes more to the market growth as compared to the other regions. The demand for the display materials is mainly from APAC, most of the demand comes, from China and Japan.
The leading companies in the Display Materials Market covered in the report are BASF SE (Germany), Corning Incorporated (U.S.), DuPont (U.S.), Samsung Corning Precision Materials (South Korea), SCHOTT AG (Germany), Kolon Industries (South Korea), Materion Corporation(U.S.), Honeywell Electronic Materials (U.S.),Polyera Corporation (U.S.), Merck Performance Materials (Germany),Toppan Printing Co., Ltd. (Japan) Universal Display Corporation (U.S.),and Tecnisco (Japan).
Currently, APAC region is the largest contributor for the materials market. This is mainly because APAC has the largest base for display manufacturers and consumer electronics companies. APAC is the most favorable market for cell phones, tablets, laptops, and TVs. Smartphone, tablet, laptop, and TV manufacturers such as Samsung and LG as they are based in South Korea. Similar players such as Sony Corporation, Sharp Corporation, and Panasonic Corporation are based in Japan, while Acer Inc. is based in Taiwan. Vendors of these companies are also based in APAC. Countries such as China, Japan, Taiwan, and South Korea are the key countries contributing to the growth of this market. APAC has successfully emerged with the record of the highest growth rate with regard to many consumer electronic products such as smart phone, tablet, laptop, TV, and so on. Besides, economies in APAC such as China and India are booming, currently; similarly, the economies of Taiwan, Indonesia, Singapore, and Malaysia have been showing positive results, off late. Most display companies are based in the APAC region.
APAC region holds the largest share of the global OLED manufacturing market, which is the one of the best technologies available today with us. The APAC region’s OLED display market accounted for a large chunk of the overall OLED display market share in 2013. Revenue in APAC is expected to reach the mark of $26 billion in 2020, growing at an estimated CAGR of approximately 7%, from 2013 to 2020.
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