LONDON--(BUSINESS WIRE)--Technavio’s latest report on the global emerging display technology market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Sunil Kumar Singh, a lead analyst from Technavio, specializing in research on displays sector, says, “The global digital holography market is expected to witness a gradual increase in the revenue during the forecast period. The market showed positive and increasing growth rate throughout the forecast period, primarily because of its growing popularity and rising awareness about its numerous applications across the globe.”
The global emerging display technology market was valued at USD 13.73 billion in 2016 and is expected to reach USD 40.87 billion by 2021, growing at a CAGR of 24.38% during the forecast period. Factors such as inherent advantages of OLED displays drive the market. Several benefits of OLED display such as low power consumption, eco-friendliness, bright picture, and flexibility have prompted manufacturers to adopt OLED technology across various devices. There is growing adoption of OLED in mobile devices such as smartphones and tablets, which will be a major factor for the growth of the market.
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The top three emerging trends driving the global emerging display technology market according to Technavio hardware and semiconductor research analysts are:
Growing popularity of curved displays
Unit shipments of curved monitors will witness a massive CAGR at 37.6% during the forecast period compared with that of curved TVs. Monitors are meant for single users, and benefits of curved displays are better experienced in monitors than TVs. Though production cost of these monitors is high due to wastage cost accrued while developing small-screen products, the market will be more sustainable than curved TVs.
“Since 2011, many display device manufacturers are working toward the enhancement of some display attributes such as weight, flexibility, resolution, and pixels. Vendors' efforts to promote curved display concept in TVs and monitors will create demand for curved devices, as end-users become aware of their functionalities,” according to Sunil.
Increased development of flexible displays
Flexible displays are thin electronic display screens, which are lightweight, foldable, and bendable. These displays can be rolled up without losing their display capabilities, as they can be manipulated without breaking. So, when compared to its counterparts, flexible displays are more durable. Flexible displays are manufactured using plastic or other flexible substrate material.
Currently, many of the industry participants are working toward the development of flexible displays for smartphones, tablet computers, and advanced consumer electronic devices. Embedding the flexible displays into these devices makes them rugged and almost unbreakable.
Rise in demand for 3D display
3D displays portray images with depth perception with the help of various technologies such as multi-view, stereoscopic, and 2D-plus-depth displays. However, current 3D displays require special 3D glasses to view. Some display technologies that do not need special glasses include a polarized 3D system (or autostereoscopic system) and an active shutter 3D system.
The increase in bandwidth speed is boosting the prospects of the global 3D display market. The rapid development of infrastructure capable of supporting high-speed Internet worldwide will facilitate market growth, as it will lead to an increase in the adoption of 3D displays.
The key vendors are as follows:
- EON Reality
- Lyncee Tec
- RealView Imaging
- Zebra Imaging
- Ovizio Imaging Systems
Browse Related Reports:
- Global 3D Display Market 2016-2020
- Global Large-Area LCD Display Market 2016-2020
- Global Flat Panel Display Equipment Market 2017-2021
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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