Display Market to cross $20bn by 2024

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Display Market Growth 2018 Industry Research
Report by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Display Market

• Display Market was over USD 7 billion with unit
  shipment of over 45 million units in 2016, and
  should surpass USD 20 billion by 2024 according
  to a new research report by Global Market
  Insights, Inc. Display market is expected to grow
  over the forecast time span due to growing
  adoption of touch-enabled screens in retail
  applications. The brick-and-mortar retailers are
  increasingly adopting touch-screen systems to
  enhance customer interaction to remain
  competitive in the industry. The touch-enabled
  kiosks are being adopted to a large extent as
  these systems allow the customers browse through
  different product offerings easily. This is
  encouraging the retailers to increasingly
  implement these systems, positively impacting the
  industry growth.
• Furthermore, the self-service technology is
  penetrating at a fast pace and is being adopted
  by retailers, restaurant owners, and warehouses
  distribution centers to enhance the operational
  efficiency. This is poised to propel the adoption
  of several types of kiosks such as self-checkout
  kiosks, ticketing kiosks, and food-ordering
  kiosks. Self-checkout kiosks were estimated to
  have shipped over 45 thousand units in 2016. This
  is projected to fuel the kiosk display market
  growth over the next few years.

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Continued

• Growing penetration of e-commerce, online
  payments, and mobile payments is anticipated to
  bode well for the display market in POS
  applications. Several economies including China,
  India, Japan are shifting toward cashless
  economies. Initiatives such as demonetization and
  digitization in India have resulted in the
  large-scale adoption of POS systems, accelerating
  the industry growth. POS system manufacturers are
  investing increasingly in providing end-to-end
  encryption solutions to process payments safely
  and securely. This is encouraging the end users
  to use POS systems, which is expected to augment
  the display market.
• Lack of standardization in the manufacture of
  displays is expected to challenge the industry
  growth in the next seven years. The offerings by
  the vendors differ according to the size,
  resolution, and costs. This refrains the device
  manufacturers from switching to different screen
  vendors, making it difficult for the small
  vendors to expand their reach in the industry.
  Furthermore, the replacement of these components
  become difficult and costly due to the lack of
  standardized products, thus decelerating the
  display market growth.

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China POS terminals display market size, by
display size, 2016 2024 (Thousand Units)

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Continued

• The 10 ATM display market is projected to grow
  rapidly over the forecast time span due to
  increasing deployment of multi-function ATMs. The
  banks and financial service providers are
  focusing on the deployment of multi-function ATMs
  to decrease the number of branches and enhance
  the functionality of the existing ATMs. 17 32
  kiosk display market is expected to grow
  significantly owing to the high quality offered
  by these devices and lower space requirements in
  small places such as retail stores.
• The 1024x768 pixels display market is expected to
  witness fast growth over the forecast time span
  owing to the high degree of vision comfort
  offered by the devices with this resolution. The
  system operators are exposed to high-brightness
  screens throughout the day and it becomes very
  important to ease their vision while operating
  these systems. 1024x768 pixels resolution
  provides high clarity and visibility, thus
  propelling the 1024x768 pixels industry growth.

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Industry Coverage

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Continued

• South Korea display market is expected to grow
  significantly over the forecast timespan owing to
  the increasing number of manufacturers and the
  ability of these companies to manufacture
  components at a low cost. The semiconductor and
  display vendors in the region are rapidly
  expanding their manufacturing capabilities to
  cater to the rapidly increasing demand for these
  components. For instance, Jusung Engineering, a
  display and semiconductor manufacturing equipment
  supplier announced that it will invest more than
  20 of its annual sales to manufacture new
  photovoltaic and display equipment products.
• Key players in the display market include Fujitsu
  Limited, Displax S.A., Aplus Display Technology,
  Co., Ltd., Advantech Co., Ltd., and Ingenico
  Group. Vendors such as Ingenico Group, NCR
  Corporation, and NEC Corporation, undergo
  stringent quality control standards to
  manufacture high-quality components. With the
  steadily growing industry, the display market
  players are investing in RD to gain a
  competitive advantage. For instance, in February
  2017, SFA Engineering, a South Korea-based
  display manufacturer announced that it is
  planning to increase investment-to-sales ratio
  from 3 percent to at least 10 percent.

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Market research reports Key analytical components

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Market Insight Coverage

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Table of Contents (ToC)

• Chapter 1. Methodology and Scope
• 1.1. Methodology
• 1.1.1. Initial data exploration
• 1.1.2. Statistical model and forecast
• 1.1.3. Industry insights and validation
• 1.1.4. Definition and forecast parameters
• 1.1.4.1. Definitions
• 1.1.4.2. Assumptions, methodology forecast
  parameters
• 1.2. Data Sources
• 1.2.1. Primary
• 1.2.2. Secondary

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Continued

• Chapter 2. Executive Summary
• 2.1. Display industry 3600 synopsis, 2013 2024
• 2.1.1. Business trends
• 2.1.2. Regional trends
• 2.1.3. Application trends
• 2.1.4. Display size trends
• 2.1.5. Resolution trends
• Browse Full TOC of This Report _at_
  https//www.gminsights.com/toc/detail/display-mark
  et

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