Display Market Size, Share, Industry Report, Revenue Trends and Growth Drivers 2028

 The display market size is projected to reach USD 187.8 billion by 2028 from USD 157.8 billion in 2023 at a CAGR of 3.5% during the forecast period. Surging adoption of OLED displays in various applications, increasing demand for displays in the automotive and healthcare industries, increasing use of LED displays video walls, TVs, and digital signage applications, and growing popularity of interactive displays are some of the major factors driving the market growth globally.

Driver: Increasing use of LED displays for video walls, TVs, and digital signage applications

LED technology uses light emitting diodes to create lighting solutions, displays, and other applications. The technology is used in a wide range of applications, such as smartphones, TVs, video walls, and digital signage. LED displays have become one of the most used display technologies used across various applications and holds a significant share of the market compared to other technologies. While the LED display industry has matured in recent years, there has been a lack of innovation. However, one recent breakthrough has been the miniaturization of the components required to build an LED screen. This development has enabled LED screens to become incredibly thin and expand to enormous sizes, making them suitable for use on any surface, both indoors and outdoors. Technological advancements, such as improved resolution, increased brightness capabilities, product versatility, and the emergence of durable surface LEDs and micro-LEDs have also contributed to the increase in LED applications, driving the growth of market.

Restraint: Decline in demand for displays in retail sector due to drastic shift toward online advertisement and shopping

The global electronic commerce industry has experienced tremendous growth in recent years, with millions of people engaging in online shopping. Despite initial concerns about security, consumers are increasingly comfortable buying products online due to faster delivery, easy return policies, and free shipping offered by many e-commerce sites. This trend has had a significant impact on the retail sector, with brick-and-mortar stores experiencing a decline in business due to accelerating online sales.

Digital advertising offers more sophisticated and personalized options for reaching multi-device, multi-channel consumers who spend more time online than before. As a result, the demand for displays in commercial and retail settings has significantly decreased as businesses shift their advertising focus toward online channels.

Opportunity: Micro-LED and mini-LED technologies to carve out new growth avenues for display market

Micro-LED and Mini-LED technologies are expected to create new opportunities for the display market. Both technologies are designed to provide better picture quality, higher brightness, and greater energy efficiency than existing display technologies such as LCD and OLED. Micro-LED technology can be used for a wide range of applications, such as televisions, smartphones, and wearables.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=925

Micro-LED displays are a next-generation technology that utilizes small, self-emitting LEDs that are less than 100 micrometers in size. Compared to conventional display technologies, they offer several benefits such as improved color accuracy, higher contrast, and faster response times. Additionally, micro-LED displays are more power-efficient and can be used in various applications, including smartphones, laptops, AR/VR devices, and large digital signage. These advantages make micro-LED displays a promising technology, with the potential to revolutionize the display industry.

Challenge: High costs associated with new display technology-based products

In recent years, the display market has been greatly impacted by the consistently decreasing prices of LCD panels. Although there are newer technologies such as micro-LED and quantum dot displays that are more expensive compared to established technologies like LED-LCD. Currently, the prices of LCD panels are lower than OLED panels, which is a result of increased demand for OLED displays from smartphones, smart wearables, and TV manufacturers. Typically, when a new technology is introduced, manufacturers charge a premium, which pushes prices upward and can limit the growth of that market. This, ultimately, has an adverse impact on the overall market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Industrial Communication Market Size, Share, Industry Report, Revenue Trends and Growth Drivers 2028

 The industrial communication market is projected to grow from USD 21.9 billion in 2023 to USD 29.0 billion by 2028; it is expected to grow at a CAGR of 5.7% from 2023 to 2028. Initiatives undertaken by governments of different countries to promote the adoption of industrial automation, the growing need for scalable, faster, reliable, and interoperable communication protocols, increasing use of machine-to-machine communication technology, and increasing use of digital twin to safely monitor smart manufacturing operations are among the factors driving the growth of industrial communication market.

Driver: Increasing use of machine-to-machine communication technology

Better connectivity for smooth communication and low power requirements are the key reasons for the increased adoption of new machine-to-machine (M2M) technologies. To achieve effective M2M communication, the existing capacity of mobile networks must be able to handle billions of nodes that are expected to be deployed in the next couple of years. Currently, the network capacity is not capable of handling M2M and human-based communications, as well as their different communication patterns, including latency time. For this reason, a next-level cellular network for mobile communication featuring hyper-connectivity and larger bandwidth (e.g., 5G) is required. The M2M communication technology will be widely used in the coming years in heavy manufacturing industries and process industries (e.g., food industry) to increase the efficiency of different processes and reduce human intervention for machines.

M2M technology has opened new avenues for the industrial communication market. It enables enterprises to improve their productivity and safety in work environments, thus allowing them to attain better efficiencies. Such benefits of M2M communication are expected to further drive the industrial communication market.

Restraint: Absence of standardization in industrial communication protocols and interfaces

Industrial equipment or devices communicate through various interfaces, technologies, and protocols. The lack of standardization in these communication interfaces and protocols may result in the misrepresentation of data. The lack of standardization complicates the integration of systems and hinders the use of plug-and-play features for unrelated systems. For instance, most equipment manufacturers use their proprietary interface protocols to communicate with their devices, which results in communication challenges for the devices developed by other manufacturers.

Opportunity: Upsurge in demand for wireless networks

The rapid growth in the demand for wireless technologies, such as Bluetooth Smart, WirelessHART, WLAN, and Zigbee, is opening new growth opportunities for the industrial communication market, mainly for the oil & gas, electronics, and energy & power generation industries. Zigbee helps drive the market for low-cost wireless network solutions. The Zigbee IEEE 802.15.4 technology has been adopted by many organizations worldwide. Similarly, WirelessHART-enabled communication is becoming one of the most widely used options for signal transmission in process industries using HART communication. WLAN (IEEE 802.11) is used for high-performance infrastructure networks that are also suitable for industrial applications. Advancements in wireless communication technologies, especially cellular technologies, are helping various industries to monitor their assets across the world. These technologies enable efficient and universal communication for all industrial applications. In process and infrastructure applications, industrial wireless systems simplify the process of recording data from remote stations and field devices, which would otherwise be inaccessible for accomplishing the process. The speed and simplicity of the installation of wireless networks have also made them popular among industries, as they can be deployed to facilitate M2M communication even under extreme environments. All these factors have contributed to the growth of the market for wireless technologies for industrial communication, especially in highly industrialized regions, and are expected to drive the overall market in the coming years.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146536397

Challenge: Harsh field site conditions such as high-voltage transients, severe shocks and vibrations, and extremely high temperatures

Industrial communication technology is increasingly being deployed at remote field locations. Remote field locations are more prone to the effects of unfavorable and harsh conditions, such as high-voltage transients, shocks and vibrations, and extremely high temperatures. High voltage transients result from electrostatic discharge (ESD), surge, burst, electrical fast transients (EFT), and lightning strikes. Industrial switches should be capable of preventing high-voltage transients by providing high electromagnetic protection. Shock and vibration in machinery can separate networking wires meant for long-term exposure to shock and vibration, eventually resulting in electrical shorts, broken solder joints, loose printed circuit board (PCB) components, PCB delamination, and cracked device housings. Moreover, remote onsite locations may not have air conditioning; this raises the demand for switches with high-temperature tolerance and optimal heat dissipation to keep the switch lifecycle intact. Therefore, there is a requirement for robust industrial communication equipment to withstand harsh conditions.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Industrial Communication Industry worth $29.0 billion by 2028

 

The report "Industrial Communication Market by Components (Switches, Gateways, Power Supply Devices, Router & WAP, Communication Interface & Protocol Converters, Controllers), Software, Services, Communication Protocol, Vertical and Region - Global Forecast to 2028" The global industrial communication market was valued at USD 21.9 billion in 2023 and is projected to reach USD 29.0 billion by 2028; registering a CAGR of 5.7% during the forecast period. The overall growth of the industrial communication market is being driven by the growing need for scalable, faster, reliable, and interoperable communication protocols, increasing use of digital twin to safely monitor smart manufacturing operations, initiatives undertaken by governments of different countries to promote adoption of industrial automation, and increasing use of machine-to-machine communication technology.

By Communication Protocol: Wireless communication protocol to grow at highest CAGR during forecast period.

The number of wireless connections in industrial applications has increased considerably over the past few years due to improved network coverage, quality of transmission, and bandwidth capacity. Advancements in wireless communication technologies, especially in wireless highway addressable remote transducer (WHART), cellular, and wireless local area networks (WLAN), are helping manufacturing companies to remotely monitor their assets from anywhere in the world. The popularity of wireless networks is increasing due to the speed and simplicity of installing them, as these features enable their deployment even in extreme environments. All these factors are expected to increase the adoption of wireless technology in the industrial communication market during the forecast period.

By Vertical: In 2028, the Electrical & Electronics vertical to grow at the highest CAGR during the forecast period.

The electronics manufacturing industry has an exceptional opportunity with the exponential expansion of the Internet of Things (IoT). It necessitates a re-assessment of the production process and management practices that were previously challenging to attain using conventional methods. Moreover, the IoT empowers electronic manufacturing machines to autonomously process and store data while remaining digitally interconnected. Furthermore, ongoing advancements in sensor fabrication are crucial, as sensors serve as the pivotal components that enable various IoT applications.

Asia Pacific is likely to grow at the highest CAGR during the forecast period.

Asia Pacific is one of the fastest-growing regions globally in terms of the adoption of industrial communication. Ongoing technological innovations and increasing adoption of automation technologies in various industries are leading to the growth of the industrial communication market in Asia Pacific. It is one of the world's fastest-growing consumer markets as well as a preferred destination for global manufacturing facilities. Automobile manufacturers use factory automation technologies and components to make their processes fully automatic and efficient. As labor costs are increasing in Asia Pacific and are likely to intensify in the near future, these trends are expected to fuel the global demand for industrial robotics and other automation technologies.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=146536397

The major players in the industrial communication market include Cisco Systems, Inc. (US), Siemens (Germany), Rockwell Automation (US),  OMRON Corporation (Japan), Moxa Inc. (Taiwan),  Huawei Technologies Co., Ltd. (China), SICK AG (Germany), Schneider Electric (France), ABB (Switzerland), Belden Inc. (US), GE (France), Advantech Co., Ltd (Taiwan), FANUC CORPORATION  (Japan), Bosch Rexroth AG (Germany), AAEON Technology Inc. (Taiwan), HMS Networks (Sweden), Honeywell International Inc. (US), Mitsubishi Electric Corporation (Japan),  Ericsson (Sweden), Hans Turck GmbH & Co. KG (Germany), ACS Motion Control (Israel), Eaton (Ireland), Beckhoff Automation (Germany), Hitachi, Ltd. (Japan). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Oven-Controlled Crystal Oscillator (OCXO) Market Size, Share, Industry Report, Revenue Trends and Growth Drivers

 The OCXO market is projected to grow from USD 464 million in 2023 to USD 528 million by 2028; it is expected to grow at a CAGR of 2.6% from 2023 to 2028. The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO market.

Driver: Expanding telecommunications industry

The telecommunications industry significantly drives the OCXO market. Precise timing and synchronization are crucial for developing wireless networks, implementing 5G technology, and faster data transfer. Oven-controlled crystal oscillators are essential in satellite, telecom, broadcast, and other space applications. 5G is expected to connect people, things, data, applications, transport systems, and cities in smart network communication environments. It can transfer large volumes of data swiftly, establish reliable connections between devices, and process massive volumes of data with minimal delay. 5G technologies are expected to support applications such as smart homes and buildings, smart cities, 3D video, work and play in the cloud, remote medical services, virtual and augmented reality, and massive machine-to-machine communications for industrial automation. Various crystal oscillators such as VCXOs, TCXOs, and OCXOs help easily design customer circuits and improve quality performance for high-speed networks and next-generation wireless telecommunication systems. Hence, the rising development of the 5G network is expected to drive the OCXO market, owing to its robust, reliable, and proven temperature-sensing capabilities.

Restraint: Higher power consumption of OCXOs

OCXOs often use more power than other oscillator categories because of the temperature-controlled oven functions. The higher power consumption of OCXOs may restrict their use in situations where power efficiency is important, such as battery-operated devices or low-power systems. Moreover, excess power consumption frequently leads to increased heat generation, particularly in small form factor devices or systems with constrained heat dissipation capacities. To control the heat produced by OCXOs, manufacturers may need to take additional steps, such as using heat sinks, thermal pads, or cooling systems, which can add complexity and expense. Hence, higher power consumption acts as a key roadblock for the manufacturers of OCXOs, thereby restraining market growth.

Opportunity: Growing need for high-precision timing and frequency stability due to network densification

The telecommunications network is shifting toward next-generation network connectivity and currently uses 4G/5G small cells and synchronous Ethernet to increase network data capacity, resulting in impending network densification. This drives the rapid deployment of end-use devices in uncontrolled environments, which will introduce added stressors on the systems, such as dynamic temperature changes, thermal shock, unpredictable airflow, and vibration. These dynamic conditions affect component performance, especially the stability of legacy quartz timing devices. Applications requiring highly precise and stable frequency frequently use OCXOs. The growing need for precise timing in several industries, including telecommunications, aerospace & defense, and scientific research, is expected to drive the OCXOs market. In aerospace & defense applications, OCXOs keep precise time references across many devices and networks, such as atomic clocks, time servers, and synchronization systems.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93038075

 

Challenge: High manufacturing costs compared with other oscillators

OCXOs are typically more expensive than other types of oscillators. Higher manufacturing costs are due to the requirement for precise temperature management and the inclusion of a temperature-controlled oven. The higher cost can be a reason for the low adoption of OCXOs, particularly in price-sensitive applications. Additionally, the increased cost of OCXOs may provide the potential for other oscillator technologies to gain market share. Users looking to balance price and performance may find lower-cost alternatives, including temperature-compensated crystal oscillators (TCXOs) or MEMS oscillators. As a result, there may be more rivalry, which could affect the OCXO market growth.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Oven-Controlled Crystal Oscillator (OCXO) Industry worth $528 million by 2028

 The report "Oven-Controlled Crystal Oscillator (OCXO) Market by Type, Mounting Scheme (Surface Mount, Through-hole), Application (Consumer Electronics, Telecom & Networking, military & aerospace, Industrial, Automotive, Medical) and Region - Global Forecast to 2028" The global OCXO market was valued at USD 464 million in 2023 and is projected to reach USD 528 million by 2028, registering a CAGR of 2.6% during the forecast period. The expanding telecommunications industry and widening application scope of OCXOs are among the factors driving the growth of the OCXO market.

By Mounting Scheme and Type: Surface mount accounted for the largest share of the OCXO market in 2028.

In 2022, the surface mount held the largest share of the OCXO market. The growth of this segment can be attributed to the miniaturization of components, high analog and digital signal transmission speed, high-frequency effects, and improved yield and production efficiency. Surface-mount oscillators incur low material and production costs and involve a simple production process. Hence, such crystal oscillators are increasingly being used in consumer electronics and telecom & networking applications. In 2022, the EMXO segment held a larger share of the OCXO market. The growth of this segment can be attributed to the miniaturization of components, high analog and digital signal transmission speed, high-frequency effects, and improved yield and production efficiency. Hence, such OCXOs are increasingly being used in consumer electronics and telecom & networking applications.

By Application: In 2028, Telecom & Networking segment accounted for the largest share of the OCXO market.

Telecom and Networking segment accounted for the largest share of the OCXO market in 2028. Telecom & networking is a fast-growing sector due to the high dependence on the internet for the sustenance of modern-day activities. With the increasing deployment of 5G networks, the installation of multiple small cells to complement large cell towers and provide seamless coverage is growing. 5G is intended to support new technologies, such as autonomous vehicles and other use cases that will require near-real-time connectivity.

Thus, it is most suitable for the field of mobile communication. The demand for oscillators is expected to grow with the expansion of communication networks as well as the installation of 5G networks in the coming years. The requirement for reliable synchronization, accurate timing, and precise frequency references in diverse network applications drives the overall demand for OCXOs in the telecom & network industry.

Asia Pacific likely to hold the largest share of the OCXO market during the forecast period.

Asia Pacific held the largest share in the OCXO market in 2022 and is also expected to witness the highest CAGR during the forecast period. The growth in the region is attributed to the presence of numerous ecosystem players such as Seiko Epson Corporation (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), TXC Corporation (Taiwan), KYOCERA Crystal Device Corporation (Japan), and Daishinku Corp. (Japan).

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93038075

Additionally, the market growth in this region can be attributed to the increased demand for various consumer electronic devices in countries such as China, Taiwan, and Japan. The market is expected to witness growth in the coming years owing to the adoption of different industrial solutions in the regional automotive industry, as well as the required government support in this regard.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Sensor Fusion Industry worth $18.0 billion by 2028

 The report "Sensor Fusion Market by Algorithms (Kalman Filter, Bayesian Filter, Central Limit Theorem, Convolutional Neural Networks), Technology (MEMS, Non-MEMS), Offering (Hardware, Software), End-Use Application and Region - Global Forecast to 2028" The sensor fusion market is projected to grow from USD 8.0 billion in 2023 to USD 18.0 billion by 2028, registering a CAGR of 17.8% during the forecast period. The market growth is attributed to the increasing demand for integrated sensors in smartphones and increasing demand for smart homes and building automation. Furthermore, the growing demand for advanced driver assistance systems (ADAS) and the deployment of autonomous vehicles is expected to create lucrative opportunities for the market.

Consumer Electronics end use applications accounted for a larger share of the sensor fusion market in 2023.

The consumer electronics segment is a major market for sensor fusion. A a wide range of consumer electronics devices use sensors, including smartphones, tablets, wearables, and gaming equipment. Sensor fusion technology is used in these devices to provide logically fused data from different sensors for various applications such as gesture recognition, image stabilization, navigation, and motion-based gaming.

Software is expected to grow at the highest CAGR in the forecast period.

The software segment is expected to grow at a higher CAGR during the forecast period. Sensor fusion software can be used in various applications, including robotics, autonomous vehicles, and virtual reality. In robotics, sensor fusion software combines data from sensors such as cameras, lidars, and sonars to create a more accurate representation of the environment, The robots can then use this information to navigate their surroundings and perform tasks. The process of sensor fusion can be implemented using AI-based and non-AI-based software.

Asia Pacific market accounted for the highest CAGR in the sensor fusion market during the forecast period.

Asia Pacific is projected to dominate the market and record the highest CAGR during the forecast period due to the increasing sensor fusion applications in several verticals, such as consumer electronics, autonomous vehicles, and medical. The market growth in the region is also expected to be driven by the increasing demand for sensor fusion in China, Japan, and India and for the growing use of sensor fusion in autonomous vehicle applications. China is expected to be the largest market for sensor fusion in the Asia Pacific. The reason for the highest growth for the sensor fusion market in APAC is that this region is one of the largest manufacturing hubs for consumer electronics and automobile production in the world, and the growing integration of sensor fusion systems in consumer electronics and automobile application systems will boost sensor fusion market in this region.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=71637844

Key players

Key players in the sensor fusion market include STMicroelectronics (Switzerland), InvenSense, Inc. (US), NXP Semiconductors N.V. (Netherlands), Infineon Technologies (Germany), Bosch Sensortec GmbH (Germany), Analog Devices, Inc. (US), Renesas Electronics Corporation. (Japan), Amphenol Corporation (US), Texas Instruments (US), and Qualcomm Technologies, Inc. (US), among others.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Display Industry worth $187.8 billion by 2028

 The report "Display Market by Display Technology (LCD, OLED, Micro-LED, Direct-view LED), Panel Size (Microdisplays, Small & Medium-sized Panels, Large Panels), Product Type (Smartphones, Television Sets, Wearables), Vertical, and Region - Global Forecast to 2028" The display market is expected to reach USD 187.8 billion by 2028 from USD 157.8 billion in 2023, at a CAGR of 3.5% from 2023 to 2028.The major factors driving the market growth for displays include surging adoption of OLED displays in various applications, increasing use of LED displays for video walls, TVs, and digital signage applications, increasing applications of displays in automotive and healthcare industries, and growing popularity of interactive displays.

LCD to account for the largest share of the display market during forecast period.

LCD displays have been extensively used in display devices over the last few decades. Currently LCDs are mainly used in retail, corporate offices, industries, and banks. The LCD segment accounted for the largest market share in 2022 and was a relatively mature segment. However, the LCD market is expected to witness a decline during the forecast period. High competition from newer and advanced technologies such as OLED and micro-LED, disruption in the demand and supply ratio of LCD displays, and gradual decline in average selling prices (ASPs) of LCD panels globally are some of the major factors contributing to the decline of the LCD market globally. In recent years, technologies such as OLED and micro-LEDs are expected to witness significant growth and increased adoption in smart wearables, smartphones, and television sets.

Microdisplays register the highest CAGR in the display market during forecast period.

Microdisplays are microminiaturized displays with a diagonal size of less than 1 inch. They are manufactured using display technologies such as liquid crystal display (LCD), liquid crystal on silicon (LCoS), organic light-emitting diode (OLED), and digital light processing (DLP). Their compact design allows them to be used in various applications where space is limited such as head-mounted displays and digital cameras. The microdisplay segment is expected to register the highest CAGR during the forecast period. The growing demand for augmented reality (AR) and virtual reality (VR) head-mounted displays (HMDs) is a major factor driving the market growth for microdisplays globally.

Asia Pacific to dominate the display market during the forecast period.

Asia Pacific is expected to account for the largest share of the display market during the forecast period. Presence of established display panel and display device manufacturers such as Samsung Electronics Co., Ltd., LG Display Co., Ltd., BOE Technology Group Co., Ltd., etc.; increasing government investments in retail and education sectors; cost-effective manufacturing environment; and constantly growing demand for consumer electronics products such as smartphones and television sets are the major factors contributing to the market growth of Asia Pacific. The region comprises major economies such as China, Japan, South Korea, and Taiwan. The region influences the global display market as a majority of display panels are manufactured in South Korea, China, Taiwan, and Japan.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=925

The report profiles key players such as Samsung Electronics Co., Ltd. (South Korea), BOE Technology Group Co., Ltd. (China), LG Display Co., Ltd. (South Korea), AUO Corporation (Taiwan), Innolux Corporation (Taiwan), Sharp Corporation (Japan), Japan Display Inc. (Japan), Sony Group Corporation (Japan), Leyard Optoelectronic Co Ltd (China), Qisda Corporation (Taiwan), and Via Optronics AG (Germany).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.