Custom Display Modules Market to Witness Growth Acceleration During 2018 to 2028
With the shift to a display-centric society, custom display modules technology are widely used in applications such as gaming, wearables, smartphones, automotive as well as in most consumer electronic devices.
[USPRwire, Tue Jul 30 2019] The AMOLED display technology is rapidly evolving due to the rising adoption of high-end smartphone displays. Also, the low-cost display modules and advancement in display technology is creating a huge demand for custom display modules market. Also beyond the smartphones, the automotive sector is creating opportunities for custom display modules as automakers are demanding automotive displays. Also, the growing popularity of touch panels in smartphones, tablets, and other devices offers promising prospects for the Custom Display Modules Market.
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With the shift to a display-centric society, custom display modules technology are widely used in applications such as gaming, wearables, smartphones, automotive as well as in most consumer electronic devices. The rapid technological advancement and the adoption of custom display modules across end-use industries by large players are creating growth opportunities for the display vendors in the custom display modules market across the globe. The rise in adoption of smartphones, tablets, and other wearables devices are increasing usage of AMOLED custom display modules in the consumer electronics sector.
These custom display modules are energy efficient and low power consumption which is creating growth opportunities for the custom display modules market. Also, the declining prices of custom display modules and higher adoption of custom display modules in the production of TVs, smartphones, tablets, and wearable devices are the primary factors boosting the growth of custom display modules market.
The low-cost LCD modules and the rise in demand for AMOLED display in smartphones are the primary factors which are expected to boost the growth of custom display modules market.
One of the factors restraining the growth of custom display modules is the poor quality of screen display and shorter lifespan of custom display modules that can hamper the growth of custom display modules market.
The rising usage of smartphones, wearable devices, and automotive displays across verticals is expected to create growth opportunities for display vendors in the Custom Display Modules market.
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The custom display modules market can be segmented on the basis of type, application, end use industry, and region. On the basis of product type, the custom display modules market can be segmented into LCD display modules, AMOLED display modules, OLED display modules, alphanumeric custom LCD display modules, medical instruments display modules and others. On the basis of application, the custom display modules market can be segmented as TV, tablets, notebooks, smartphones, monitors, wearables, and others. On the basis of end use industry, the custom display modules market can be segmented into consumer electronics, retail, automotive, healthcare, industrial, aerospace & defense, transportation, media & entertainment, and others.
Examples of some of the key players in the global Custom Display Modules market include Phoenix Display International, Inc., Focus LCDs, Iexcellence Technology Co., Limited, V5 Semiconductors, WINSTAR Display Co., Ltd., AU Optronics Corp., Apollo Displays, Sharp Corporation, HannStar Display Corporation, LG Display, Solomon Systech Limited, Planar Systems, Microtips Technology, etc.
The Asia Pacific is expected to dominate the custom display modules market followed by North America and Europe. The market in the Asia Pacific is expected to witness higher growth in custom display modules market due to the presence of prominent custom display modules vendors in China. The rise in usage of custom display modules in consumer electronics and industrial sector is expected to boost the custom display modules market in the North American region. Also, the vendors in Europe are focusing on the adoption of automotive displays in the automotive sector is creating potential growth opportunities for custom display modules in this region. Latin America & MEA is projected to contribute a significant share of the global custom display modules market over the forecast period.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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