Display Market in China to Grow at 8% CAGR
Rising demand for smartphones,
tablets and televisions, coupled with increasing usage of POS units and digital
signage to drive China display market
According to TechSci Research
report, “China Display Market By Technology, By Type, By End User, Competition Forecast and
Opportunities, 2012-2022”, display market in China is projected
to register a CAGR of more than 8% during 2016-2022, on account of rising demand
for consumer electronics such as smartphones, tablets, laptops, monitors, televisions,
etc., coupled with declining
prices of displays due to reducing manufacturing costs and technology advancements.
In 2015, China had around 540.8 million smartphone users and about 293.6
million tablet users. Over the past few years, display technologies have undergone radical
changes and this has also led to an upsurge in
adoption of OLED (Organic Light-Emitting Diode), QDLED (Quantum Dot Light
Emitting Diode), EPD (Electronic Paper Display), etc. OLED display segment is projected
to emerge as the fastest growing market for displays in China during the
forecast period.
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Tables and 34 Figures spread through 120 Pages and in-depth TOC on "China Display Market"
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Surging
demand for digital signage and POS systems on account of flourishing retail
industry, rising laptop and tablet sales, booming mobile gaming industry and
increasing mobile workforce in enterprises are few factors driving demand for display
solutions in China. In 2015, 5-inch plus screen size smartphones contributed
around 32% share in China smartphone market. Demand for large screen
smartphones in China is projected to witness significant upsurge in the coming
years and this is projected to boost China display market through 2022. Samsung Display Co., Ltd., LG Display Co., Ltd., BOE Technology Group
Co., Ltd., AU Optronics Corporation, Tianma Micro-Electronics Co. Ltd., Truly
Semiconductors Limited are few of the leading players operating in
China display market.
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“Growing
demand for energy efficiency in consumer electronics, rising manufacturing of
various types of displays due to booming demand for consumer electronics in
Southeast Asia, rapid growth in demand for smart wearables, especially
smartwatches, fitness bands, etc., are driving display market in China. Though LCD
displays dominate China display market, demand for new and innovative display
technologies is projected to propel demand for OLED and QDLED technologies,
especially from smartphones and televisions end user segments, over the course
of next five years.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“China Display Market By Technology, By
Type, By End User, Competition Forecast and Opportunities, 2012-2022”
has evaluated the future growth potential of China display market and provides
statistics and information on market structure, size, share and future growth
of China display market. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges and opportunities in China display market.
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