| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 166.80 Billion |
| Market Size (2030) | USD 199.84 Billion |
| CAGR (2025 - 2030) | 3.68 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Display Panel Market Analysis
The Display Panel Market size is estimated at USD 166.80 billion in 2025, and is expected to reach USD 199.84 billion by 2030, at a CAGR of 3.68% during the forecast period (2025-2030).
Display technologies, aided by technological developments, have evolved over the years to offer higher resolution and lower power consumption. The developments in nanoparticles and transparent sensors in the electronic circuit have boosted the progression of the transparent display market. In the present scenario, development is progressing on replacing hard square panels with flexible displays that are more interactive to the consumer. This is expected to provide a substantial opportunity for the growth of the transparent display market.
The display market is driven by the growing demand for enhanced displays, such as OLED and PMOLED, augmented displays, and rollable transparent displays. OLED technology enables bright, efficient, and thin displays and lighting panels. They are currently used in numerous mobile devices, TVs, and lighting fixtures. OLED displays provide better image quality than LCD or Plasma displays - and can be made transparent and flexible.
Moreover, a significant application area of displays has been the heads-up display devices. These devices have witnessed strong demand from AR/VR, military and defense, and automotive markets, thereby driving the market for display panels. A device with a transparent display has a much higher resolution and displays much more realistic augmented reality than video augmented reality.
The growing demand for oxide TFT has encouraged players to increase their production capacity to compensate for the market demand. For instance, in December 2021, China Star Optoelectronics Technology (CSOT), a China-based display panel maker belonging to the TCL Group, announced setting up an 8.6G oxide TFT-LCD production line, with production scheduled to begin in first-quarter 2023.
Out of the hardware sales, head-mounted displays dominated the market. This results from the rising demand for higher-quality HMDs to support the ongoing demand for high-quality content and functionality improvements and provide an improved immersive experience to consumers, which can be achieved through transparent displays. This is expected to drive the market.
DriveAR platform from Nvidia uses a dashboard-mounted display overlaying graphics based on camera footage around the car, using a transparent display. This system points out everything from hazards to historic landmarks along the way. Following the platform's success, automotive manufacturing giants like Audi, Mercedes-Benz, Tesla, Toyota, and Volvo have signed up with the company to work with the technology.
In April 2023, Samsung announced to supply premium, next-generation display panels to Ferrari models. Through this, the company aims to expand beyond television and smartphones and target the fastest automotive market.
Due to the COVID-19 pandemic, Sony's business was impacted by factors such as restrictions on the movement of people across national borders, making it difficult for the company to send engineers to manufacturing hubs such as China and countries in Southeast Asia to help with new product launches or give instructions on manufacturing. Moreover, sales of Sony's products were also affected by global lockdowns and retailer closings.
Display Panel Market Trends
OLED Type of Display Panel to Hold a Significant Position
OLEDs are expected to replace existing technologies in the display ecosystem. Owing to this, many vendors started investing heavily in R&D related to OLED. OLED transparent displays are penetrating the market due to increasing demand for these displays from head-mounted display (HMD) vendors.
For instance, in April 2023, Samsung announced to invest USD 3 billion in OLED panels for laptops and tablets in South Korea. Similarly, in April 2022, Samsung announced a new project underway for future TV offerings. The project aims to make its quantum dot (QD)-OLED panels thinner than they are now. With this, the company will be eyeing a new possibility for its TV lineup - rollable screen TVs. The new panel types will also help cut down production costs.
Owing to success over battery life, in February 2022, LG Display won the contract to supply OLED panels based on low-temperature poly-crystalline oxide (LTPO) technology to Apple for the iPhone 14 series, which will be launched in the second half of 2022.
Moreover, several leading manufacturers focus on launching products with OLED displays to bring innovation and gain a competitive advantage. For instance, in May 2023, Samsung announced to release sensor OLED display at the SID Display Week. The display integrates the fingerprint scanner into the OLED screen, eliminating the need for smartphone brands to install a separate fingerprint scanner module under the screen.
Furthermore, in January 2023, LG Display announced releasing its third-generation OLED TV panel at CES 2023. Based on 'META Technology,' the company's newest OLED TV panel delivers the ultimate picture quality. The company's latest OLED displays achieve 60 percent brighter images and 30 percent wider viewing angles than conventional OLED displays, on top of improved energy efficiency. This release aims to strengthen its position in the large OLED panel industry.
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India in the Asia Pacific region is Expected to Witness Significant Growth
Consumer spending in India is increasing, due to rising disposable income, due to which the demand for televisions is witnessing a high spike owing to the rising soccer fan base in countries such as India. As a result, the TV makers in India are launching larger screens with advanced technologies, which, in turn, is likely to boost the market growth in the country over the forecast period.
Furthermore, the changing behavior in TV connections is expected to drive market growth. Subscriptions, such as Netflix and Amazon Prime, have been made available for Smart and Android TVs, owing to which the demand is gaining high traction, thereby propelling the market growth.
According to IBEF, connected smart televisions are expected to reach approximately 40-50 million by 2025. 30% of the content viewed on this screen will be social media, gaming, and short video.
For instance, in May 2022, LG announced that the company is eyeing heavily OLED (organic light-emitting diode) Televisions as it plans to increase its footprint in India's growing premium Television segment. These days, many consumers are interested in buying bigger screens, especially after the pandemic when there is a limitation to cinema halls. Consumers increasingly gravitate toward premium TVs, and LG aims to grab the opportunity with the updated OLED TV range.
Similarly, in September 2022, Samsung India announced the launch of Wall All-In-One, a modular MicroLED that will revolutionize the future of displays, and Flip Pro, an interactive display that will take the educational experience to the next level. Available in 110" and 146" sizes, the wall all-in-one is optimized for corporate offices.
Also, Samsung is setting up India's first smartphone display manufacturing unit on the outskirts of Delhi. The South Korean company is investing over Rs 3,500 crore in this facility in Noida, per a regulatory filing with the Registrar of Companies (RoC). The plant would produce displays of mobile phones and IT displays and could later extend it to laptops and televisions.
Moreover, the government of India is offering incentives for chips and display unit manufacturing to strengthen its position, further supporting the display panel market growth. For instance, in September 2022, the Indian government announced increased financial incentives for setting up semiconductor manufacturing units and displays under USD 10 billion plan.
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Display Panel Industry Overview
The Global Display Panel Market is very competitive. The market is fragmented due to various small and large players. All the major players account for a large market share and focus on expanding their worldwide consumer base. Some significant players in the market are AUO Corporation, BOE Japan Co. Ltd, Innolux Corporation, LG Electronics, Samsung Electronics Co. Ltd, Panasonic Corporation, and many more. The companies are increasing the market share by forming multiple partnerships and investing in introducing new products to earn a competitive edge during the forecast period.
In May 2023, HTC announced to release HTC U23 Pro. The U23 Pro packs a Full HD+ OLED Screen, Snapdragon 7 Gen 1 Chipset, and much more. It is a 5 G-enabled Android smartphone with a dedicated microSD card slot for expanding onboard storage.
In January 2023, Lenovo announced to launch a dual-screen OLED Laptop, the Yoga Book 9i. It is Lenovo's latest foldable laptop and comes with 13th Gen Intel Core i7-U15 processors inside, with Intel Iris X integrated graphics and 16GB of LPDDR5X RAM inside. The company expects the Yoga Book 9i to be available in June 2023.
Display Panel Market Leaders
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Sony Corporation
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Panasonic Corporation
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Samsung Electronics Co. Ltd
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LG Electronics
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AUO Corporation
- *Disclaimer: Major Players sorted in no particular order
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Display Panel Market News
- April 2023: AUO Corporation announced plans to convert an older generation LCD fab in Taoyuan's Longtan District into a micro-LED panel production site to prepare for rapid uptake of the new display technology in 2025. Through this plant, the company will make notebook computer panels.
- June 2022: LG and Amazon collaborated on Alexa for hospitality integration with the LG hotel televisions. The world's first Alexa commercial TV integration uses LG webOS smart TV platform. Later this year, through LG's far-field microphone array accessory, hoteliers can upgrade new and existing LG hotel television running webOS 6.0 or 5.0 to offer guests access to a custom Alexa solution. The new microphone solution allows hotel operators to provide a natural language interface for music navigation and television, enabling guests to connect with specific hospitality functions, such as customized weather reports and ordering room service.
Display Panel Industry Segmentation
The display panel is an electronic screen on which information can be displayed in visual or tactile form. Panel displays are electronic viewing technologies that enable people to see content in a range of entertainment, consumer electronics, personal computers, mobile devices, and many types of medical, transportation, and industrial equipment.
The Global Display Panel Market is segmented by Type of Display (LCD, OLED), by Resolution (8K, 4K, HD), by Application (Smartphones and Tablets, PC and Laptop, Television), and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). The report offers the market size in value terms in USD for all the abovementioned segments.
| By Type of Display | LCD |
| OLED | |
| Other Type of Displays (AMOLED, MicroLED, etc.) | |
| By Resolution | 8K |
| 4K | |
| HD (HD, WQHD, and FHD) | |
| By Application | Smartphones and Tablets |
| PC and Laptop | |
| Television | |
| Other Applications | |
| By Geography | North America |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East & Africa |
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Display Panel Market Research FAQs
How big is the Display Panel Market?
The Display Panel Market size is expected to reach USD 166.80 billion in 2025 and grow at a CAGR of 3.68% to reach USD 199.84 billion by 2030.
What is the current Display Panel Market size?
In 2025, the Display Panel Market size is expected to reach USD 166.80 billion.
Who are the key players in Display Panel Market?
Sony Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd, LG Electronics and AUO Corporation are the major companies operating in the Display Panel Market.
Which is the fastest growing region in Display Panel Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Display Panel Market?
In 2025, the Asia Pacific accounts for the largest market share in Display Panel Market.
What years does this Display Panel Market cover, and what was the market size in 2024?
In 2024, the Display Panel Market size was estimated at USD 160.66 billion. The report covers the Display Panel Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Display Panel Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Display Panel Industry Report
Statistics for the 2025 Display Panel market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Display Panel analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
