Embedded Displays Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
Embedded Displays Market Overview and Definition
The embedded displays market refers to the global market for displays that are integrated into electronic devices, equipment, and systems. Embedded displays are an essential component of modern electronics, providing users with visual feedback and interaction with devices. They are used in a wide range of applications such as automotive, healthcare, industrial control systems, and consumer electronics.
The embedded displays market is driven by factors such as the increasing demand for interactive displays, rising adoption of IoT and automation technologies, and growing demand for advanced HMI solutions. The market can be segmented based on technology, application, and geography.
The technology segment includes LCD, OLED, LED, and others. The application segment includes automotive, healthcare, industrial, consumer electronics, and others. Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.
The key players in the embedded displays market include Samsung Electronics Co. Ltd., LG Display Co. Ltd., Sharp Corporation, Innolux Corporation, Japan Display Inc., NEC Corporation, and Fujitsu Ltd. These companies offer a range of embedded display solutions for various applications and industries.
The embedded displays market is highly competitive, with several large and small players offering a range of products and services. The market is characterized by the presence of several established players as well as new entrants. In recent years, there has been a growing trend towards the use of flexible displays, which offer greater design flexibility and versatility.
In summary, the embedded displays market refers to the global market for displays that are integrated into electronic devices, equipment, and systems. The market is driven by factors such as the increasing demand for interactive displays, rising adoption of IoT and automation technologies, and growing demand for advanced HMI solutions. The market can be segmented based on technology, application, and geography, and the key players in the market offer a range of embedded display solutions for various applications and industries.
Embedded displays which are known to be convenient are the easiest and the fastest way for the implementing the color display interfaces with various features such as embedded functions, touch screens, and smart GUIs at comprehensively lower cost for their production to be carried out on a larger scale. Alongside providing with flexibility, embedded displays can save and consume less power with greater efficiency.
Generally analyzed based on pixels per inch, these displays help in providing high-resolution images by utilizing less power and further helping in improving chip integration to produce lightweight designs. In addition, these also assist in providing standardized display panel interfaces which are handy for internal connections.
The application areas of these displays include automotive, industrial automation, fitness equipment, consumer electronics and wearables among others.
The global embedded display market is projected to foster growth at a more than healthy CAGR in the next few years.
The growth of this market is attributed towards major pertaining factors including; the increasing advancements in embedded display interface technologies worldwide, the surging adoption of automation in different industries owing to the outbreak of COVID-19, the increasing global demand for interactive displays and digital signage, the increasing compatibility of embedded displays with submicron chips, the global increase in the number of automated equipment and systems in various types of industries, the growing use of the embedded display in 3D systems and the increasing development of specialized equipments in embedded displays etc.
Moreover, embedded displays are currently heavily adopted in display monitors, digital signage, video walls, transparent interactive displays, automobiles, etc. The growing penetration of OLED displays in wearables, foldable devices, and rollable screens in defense and military, healthcare, and gaming sectors is expected to bring promising growth in the overall market.
Furthermore, benefits such as flexibility, greater efficacy, low cost and reduced interference with use of defined wireless services along with the increasing use of embedded displays in various types of industries where they are used in multiple type of equipment will further contribute to propel growth for this market.
Though, the high costs associated with advanced embedded display systems, the presence of the local players that are offering advanced features at low cost, the increasing deployment of widescreen displays and the compressing of images along with continuous monitoring of backlight control in specific regions are some of the factors that currently restrain the growth of this market, they are anticipated to be overcome in the near future.
More importantly, as of now, the slow growth of the global automotive industry in view of the COVID-19 outbreak, is creating challenges for the growth of embedded display market. Nonetheless, this adverse situation is anticipated to improve post the initial half of 2021 after the effects of the pandemic lessen and the industries start to operate efficiently and productively.
EMBEDDED DISPLAY MARKET SEGMENTATION:
- Portable Devices
- Fixed Devices
- Automobile Displays
- Home Appliances
- Medical Devices
- Fitness Devices and Wearables
- Industrial Automation and Control Systems
- Home Automation and HVAC Systems
- Farming and Construction Equipment
- Scientific Test and Measurement Equipment
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
The North American region holds the largest market share in the embedded display market and is accounted for robust growth in the years to come. The growth in this region could be attributed to factors including the increasing demand for automating manufacturing and assembling, and supply chain operations in various industries, the increasing R&D activities at the industry-level, the presence of large number of market players manufacturing these displays, the high adoption of embedded display equipped devices in healthcare, aerospace, defense, wearables, automotive, and industrial sectors and the growing commercialization of high-speed networks such as 5G in the region etc. The major contributor in the region is the U.S.
The Asia Pacific region is anticipated to be the fastest growing regional market for embedded displays and is projected to witness substantial growth in the upcoming years owing to the rise in government grants to boost the medical sector where embedded displays have numerous applications and the growing adoption of these displays across various industry verticals in the region. The major contributors in the region are India and China among other countries.
FEW KEY PLAYERS IN EMBEDDED DISPLAY MARKET:
- Intel Corporation
- Planar Systems Inc.
- Data Modus AG
- Green Hills Software Inc.
- Altia Inc.
- Eaton Corporation
- ENEA AB
- Microsoft Corporation
- Avnet Inc.
- Multitouch Ltd.
- Esterel Technologies SA
- Schweitzer Engg Lab
- Other Players
In June 2020, Samsung Display, the largest OLED provider in the world, retained its top spot in the global smartphone display market in Q1 2020 owing to the increasing popularity of OLED panels in the smartphone industry all across the world.
In December 2020, LG Display, the world's leading innovator of display technologies, announced brand-new Transparent OLED applications to be showcased at the upcoming all-digital CES 2021. The company is said to have applied its cutting-edge transparent OLED displays to objects and situations that people encounter on a daily basis, thereby presenting an upgraded lifestyle of the future.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020 to 2025: Forecast Period
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
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