According to a recent research analysis conducted by Fact.MR, the global embedded display market is anticipated to reach a valuation of US$ 22,210.6 million by the year 2024, with a projected steady growth rate of 11.6% CAGR through 2034. By 2034, the market is forecasted to achieve a valuation of US$ 66,310.8 million.
The market’s expansion is attributed to its dynamic growth fueled by various applications and technological advancements. Embedded displays, seamlessly integrated into electronic devices, have emerged as essential components across multiple industries, enhancing user experiences and functionality.
A significant driver of this growth is the increasing demand in consumer electronics, notably driven by smartphones, tablets, and smartwatches, which necessitate compact and visually appealing devices. This trend encourages the integration of advanced embedded display technologies to cater to the evolving preferences of modern consumers.
Furthermore, industrial automation serves as another crucial driver, with embedded displays playing a pivotal role in human-machine interfaces, facilitating real-time data visualization and improving operational efficiency. The industrial sector’s growing reliance on automation further amplifies the demand for embedded display solutions, positively impacting the market.
Despite the optimistic outlook, challenges persist within the embedded display market. High development and implementation costs pose a significant obstacle, particularly for smaller enterprises with limited budgets. Moreover, the rapid pace of technological obsolescence presents another hurdle, as emerging technologies can swiftly render existing displays outdated, leading to concerns regarding the longevity of investments.
In terms of the global landscape, the United States stands out as a prominent player, capitalizing on its robust technological ecosystem, extensive research facilities, and sizable consumer electronics market. Conversely, China’s market growth is propelled by rapid industrialization, government initiatives supporting innovation, and the burgeoning middle-class population.
Key Takeaways from the Market Study
• North America market is expected to expand at a CAGR of 12% through 2034.
• The embedded display industry in the United States holds a market share of 72.2% in 2024.
• The market in the United States is valued at US$ 4,409.9 million in 2024.
• The embedded display industry in China is expected to rise at a CAGR of 12.3% through 2034.
• By display type, the LED segment to hold a market share of 36.9% in 2024.
“The surge in demand for integrated displays in consumer electronics is a major driver in the embedded display industry as smartphones, tablets, and smartwatches fuel the demand as consumers seek compact and visually appealing devices, spurring the adoption of advanced embedded display technologies,” says a Fact MR. analyst.
Top Vendors are Microsoft Corporation, Intel Corporation, Avnet, Inc, Green Hills Software Inc., AndersDX, Planar Systems, Inc, ENEA AB, Altia Inc, Data Modul
Competitive Landscape
The competitive landscape of the embedded display market is characterized by intense competition among key players vying for prominence. Established companies leverage technological expertise, while startups focus on niche applications.
Collaborations, partnerships, and strategic alliances are prevalent strategies to enhance market presence. Ongoing innovations and a focus on user experience contribute to the dynamic nature of competition, shaping the industry’s growth trajectory.
Recent Developments
In June 2023, Saint Gobain focused on AR heads-up and embedded displays for the Indian market, which presented a huge opportunity for Saint Gobain Sekurit to introduce value-added products.
In May 2023, Samsung Display introduced the world’s first Fingerprint and biosensor-embedded Panel that measured blood pressure with OLED light plus (+).
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the embedded display market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on By Display Type (LED, LCD, OLED, TFT, Other Display Type), By Application (Wearable Devices, Industrial Automation Systems, Automotive Equipment, HVAC, Home Appliances, Construction Equipment, Fitness Equipment, Medical Devices), and By Region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East and Africa)
These insights are based on a report on Embedded Display Marketby Fact.MR.
