London, 16 October 2014 – According to research firm TechNavio, the Global Next Generation Display Market is expected to experience strong growth, posting a CAGR of 33.2 percent from 2013-2018.
“It’s a highly competitive market, and vendors are concentrating on providing high screen resolution devices, to enhance their value and gain an edge over the competition,” says Faisal Ghaus, Vice President of TechNavio.
“Screen resolution has become a major feature that consumers are taking into account when purchasing smartphones and other devices. Enhanced pixel ranges, color accuracy and better quality are all factors that come into play, so vendors are also deliberately working on providing high-res, super-sized screens, which is expected to drive the market in the next four years.”
The market is spearheaded by global players like Chimei Innolux, LG Display, Samsung, Sony and Universal Display, with the APAC region dominating more than 50 percent of the global market thanks to low labor costs and early initiatives.
Additionally, the large LED and OLED supplier base in Asia makes manufacturing of the displays cost-effective, thus providing a competitive edge to vendors in the region.
https://www.technavio.com/%3Cp%3EThe%20latest%20report%20by%20TechNavio%2…
