According to the latest market research study by Technavio, the global emerging display technology market is expected to grow at a CAGR of close to 24% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global emerging display technology market regarding revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the technology
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The top three revenue contributing technology segments are discussed below:
OLED: The growth of the global OLED display market can be attributed to the many benefits of OLED displays. OLED displays are thinner, lighter, more flexible, and emit brighter colors than other existing display technologies. Unlike LCDs and LEDs, they do not require a backlight, and they have a faster response time of 0.01 milliseconds when compared to other display technologies.
“The flexible OLED displays are also available, which are increasingly used in curved OLED TVs and mobile devices, to offer a better viewing angle to users. Also, they consume less power, as they are made of an organic material, phosphorescence, which has a better conversion rate than LCDs. Moreover, this material makes the disposal of an OLED display less risky and less harmful than disposing of other display technologies,” says Chetan Mohan, a lead analyst at Technavio for research on displays.
Digital holography: The global digital holography market is expected to witness a gradual increase in revenue during the forecast period. The market showed positive and increasing growth rate throughout the forecast period due to its growing popularity and rising awareness about its numerous applications across the globe. Moreover, the global digital holography market is still in its nascent stage and hence provides huge growth potential.
VRD: The most common uses of VRD are gaming and infotainment. VRD can be a useful device for watching movies while traveling or playing video games by connecting it to Xbox, PlayStation, or PC. Currently, these devices have high penetration and recognition among individual consumers. There is a high possibility that VRD technology integrated into VR and AR devices, which can help drive the global VRD market.
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The top vendors operating in the global emerging display technology market are:
- RiTdisplay
- Samsung
- Pioneer
- Segme
- EON Reality
- Lyncee Tec
- RealView Imaging
- LEIA
- Holoxica
- Zebra Imaging
- Ovizio Imaging Systems
- Avegant
- MicroVision
The other prominent vendors in the market include AU Optronics, Futaba, LG Display, Nippon Seiki, OSD Displays, Accelink Technologies, AOC Technologies, Ascentta, Edmund Optics, and Microwave Photonic Systems.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Emerging Display Technology Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Flat Panel Display Equipment Market 2017-2021
- Global 3D Display Market 2016-2020
- Global Large-Area LCD Display Market 2016-2020
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