Embedded Display Market worth $24.4 billion by 2025
The report "Embedded Display Market with COVID-19 Impact Analysis by Technology (LCD, LED, OLED, and Others), Type, Device, Application (Automobile Displays, Fitness Devices and Wearables, Home Automation and HVAC Systems), Region - Global Forecast to 2025" The global embedded display market is projected to reach USD 24.4 billion by 2025 from USD 17.5 billion in 2020, at a CAGR of 6.9% from 2020 to 2025. Advancements in embedded display interface technologies, accelerated adoption of automation in different industries, and the increased demand for interactive displays and digital signage are some of the major factors driving the growth of the embedded display market.
Browse 163 market data Tables and 49 Figures spread through 227 Pages and in-depth TOC on "Embedded Display Market with COVID-19 Impact Analysis by Technology (LCD, LED, OLED, and Others), Type, Device, Application (Automobile Displays, Fitness Devices and Wearables, Home Automation and HVAC Systems), Region - Global Forecast to 2025"
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LCD technology to dominate the embedded display market from 2020 to 2025.
The LCD segment is expected to account for the largest share of the embedded display market both by volume and value during forecast period. Growing use of LCD in video players, gaming devices, clocks, watches, calculators, smart display devices, home appliances, etc. is a major factor driving the embedded display market growth for LCD. Moreover, LCD are durable, responsive, and offer high sharpness and brightness, hence, they are extensively used in industrial, retail, and automotive applications.
Touch displays to register highest CAGR in the embedded display market during forecast period.
In recent years, there has been a surge in demand for touch displays due to the increasing trend of interaction between people and machines and the growing adoption of devices equipped with embedded systems. Moreover, technological advancements in different films and filters for enhancing the performance of displays have fueled the demand for embedded displays from various sectors. Additionally, the growing use of touch-enabled LCD, OLED, curved displays, and flexible displays for various embedded applications such as automotive dashboard displays, wearables and medical monitors is a key factor driving the market growth for LCD embedded displays.
Europe to account for a significant share of the global embedded display market.
Europe is a significant market for embedded displays. Advancements in the automotive industry related to autonomous vehicles, ADAS, and unmanned ground vehicles (UGVs) are expected to create ample growth opportunities for market players offering embedded display solutions. Europe has been witnessing rapid industrialization, and advanced solutions are being used for enhanced efficiency and improved productivity in manufacturing facilities. This region consists of developed economies such as Germany, France, and the UK. These countries are advanced business and manufacturing destinations and have witnessed high-level factory automation, along with the adoption of smart, IoT-based technologies. Constantly developing industries in Europe are expected to provide increased opportunities for the adoption of embedded display solutions in Europe.
The key players profiled in the report include Avnet, Inc. (US), Planar Systems, Inc. (US), Emerging Display Technologies (EDT) (Taiwan), Microsoft Corporation (US), Ansys (US), Anders Electronics (UK), Winstar Display (Taiwan), Altia (US), Green Hills Software (US), and Intel Corporation (US).
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