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Low Power Next Generation Display Market

A Detailed Analysis of Low Power Next Generation Display Market on the Basis of Quantum Dot Display (QD-LED), Field Emission Display (FED), Laser Phosphor Display (LPD), Organic Light-Emitting Diode (OLED), Organic Light-emitting Transistor (OLET), and Surface-conduction Electron-emitter Display (SED)

Power-Saving Paradigm: Are Low Power Next Generation Displays the Ideal Solution for Sustainable Energy Consumption across Japan, Korea, the United States, Germany, the United Kingdom, & 30+ Countries? Read in PMR’s Report!

Low Power Next Generation Display Market Outlook (2022 to 2032)

The global low power next generation display market size is set to be valued at US$ 232.0 million by 2032. It is projected to record a CAGR of 6.1% from 2022 to 2032. A valuation of US$ 128.3 million was showcased by the global market in 2022.

Consumers have come to expect longer battery life from their portable devices such as smartphones, tablets, and laptops. Low power displays help to minimize energy consumption, extending the battery life and enhancing the user experience. It is likely to propel low power next generation display demand.

Increasing popularity of wearable technology such as smartwatches and fitness trackers has fueled the demand for low power displays. These devices are typically worn throughout the day and need to conserve power to ensure uninterrupted usage.

Growing emphasis on personal health and wellness is anticipated to push sales of wearable fitness trackers. As today’s individuals are becoming more proactive in monitoring and improving their fitness levels, these trackers are gaining impetus. Integration of advanced technologies such as low power next generation display in fitness trackers has improved their accuracy, which would bolster demand.

The internet of things (IoT) has emerged as a significant technological trend, with various interconnected devices requiring energy-efficient solutions. Low power displays play a crucial role in IoT devices, enabling them to operate for extended periods without frequent recharging or replacement of batteries. It is hence expected to support their demand.

There is a growing awareness and emphasis on environmental sustainability. Low power displays help to reduce energy consumption, contributing to lower carbon footprints and aligning with the global push for greener technologies.

Advancements in display technology have allowed for the development of thinner and lighter devices. Low power displays enable manufacturers to create sleek and portable designs while maintaining high-quality visuals and functionality, thereby augmenting demand.

A few other factors pushing low power next generation display demand:

  • Increasing consumer expectations for longer battery life in portable devices is set to drive growth.
  • Growing popularity of wearable technology is estimated to spur demand.
  • Demand for low power next generation displays is estimated to surge among numerous sectors such as consumer electronics, healthcare, and automotive.
  • Development of new displays that can offer low power consumption without compromising on image quality or performance is anticipated to bolster demand.
Attributes Key Insights

Low Power Next Generation Display Market Estimated Size (2022E)

US$ 128.3 million

Projected Market Valuation (2032F)

US$ 232.0 million

Value-based CAGR (2022 to 2032)

6.1%

United States Value-based CAGR (2022 to 2032)

4.9%

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2017 to 2021 Low Power Next Generation Display Sales Outlook Compared to Demand Forecast from 2022 to 2032

The global low power next generation display market registered a CAGR of around 7.0% in the historical period. It is anticipated to witness a CAGR of 6.1% during the forecast period.

As smartphones, tablets, and laptops became integral parts of daily life, demand for longer battery life became paramount. Low power displays were sought after to address this need and ensure extended usage without frequent recharging in the past.

Rising awareness of environmental sustainability and need to reduce energy consumption prompted a shift toward energy-efficient technologies. Low power displays played a crucial role in minimizing power usage and reducing carbon footprints, which escalated their demand.

Advancements in display technology enabled the development of low power next generation displays without sacrificing visual quality or performance. These displays offered improved power management capabilities and optimized energy usage, attracting consumers and manufacturers alike.

Proliferation of interconnected devices in the IoT ecosystem necessitated energy-efficient components, including displays. Low power next generation displays played a crucial role in enabling energy-efficient solutions for various IoT applications, thereby augmenting sales.

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What Main Factors Are Influencing Low Power Next Generation Display Demand?

Low power next generation displays are designed to consume minimal energy while delivering high-quality visuals and functionality. They are expected to play a crucial role in various electronic devices such as smartphones, tablets, wearables, and IoT devices, where power consumption is a significant concern.

Low power next generation displays employ various techniques and technologies to minimize energy usage. This includes using efficient backlighting systems, optimizing pixel structures, adopting advanced power management algorithms, and leveraging energy-saving technologies.

A few innovative technologies include organic light-emitting diode (OLED) or micro-light emitting diode (microLED) technology. By reducing power requirements, they would contribute to longer battery life, extended device usage, and improve the total energy efficiency.

Demand for low power displays is increasing due to rising need for energy-efficient gadgets, particularly in portable electronics such as smartphones, tablets, and wearables. Consumers increasingly want longer battery life and lower power consumption, which drives demand for low power next generation screens.

Customers also seek high-quality visual experiences despite the importance of energy efficiency. Low power next generation displays are meant to provide bright colors, high contrast ratios, fast response times, and crisp resolutions while needing the least amount of power. Manufacturers would soon work to meet customer expectations by balancing power efficiency and visual performance.

In 2022, there were around 1.4 billion smartphones sold globally. It is projected to increase to around 1.5 billion smartphones. With increasing demand for longer battery life, as well as brighter and high contrast ratios, demand for low power next generation displays is projected to increase.

Rapid rise of the internet of things (IoT) necessitates the development of power-efficient displays to support the growing number of connected devices. Low power next generation screens can extend battery life and increase device performance, improving user experience in these situations.

A low power next generation display in electric vehicles (EVs) plays a crucial role in providing essential information and user interfaces. It also helps in minimizing power consumption to optimize energy efficiency of electric vehicles.

By implementing low power next generation displays in electric vehicles, manufacturers can provide visually appealing and informative interfaces without compromising the vehicle's energy efficiency. This not only enhances user experience but also contributes to maximizing the driving range and optimizing power consumption of EVs.

In 2018, there were around 2 million EVs sold around the world, which increased to around 10 million units in 2022. It projected that by 2027, around 16.2 million EVs will be sold worldwide.

With rising demand for EVs, demand for low power next generation displays is also projected to increase. Manufacturers can provide better interfaces without compromising the battery life on vehicles, further expanding the market during the assessment period.

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Country-wise Insights:

Why is Low Power Next Generation Display Demand Surging in the United States?

The United States low power next generation display market is expected to be worth US$ 36.5 million by 2032. It is set to create an absolute dollar growth of US$ 13.9 million till 2032.

The United States exhibited growth at a CAGR of 4.0% from 2017 to 2021. It is expected to surge at a CAGR of 4.9% from 2022 to 2032.

The United States has a highly tech-savvy population that heavily relies on smartphones, tablets, and laptops for various purposes. As a result, there is a growing demand for longer battery life to ensure uninterrupted usage throughout the day. Low power displays play a crucial role in meeting this demand by minimizing energy consumption and extending battery life.

There is a growing awareness and concern about environmental sustainability in the United States. Consumers are becoming more conscious of their carbon footprint and are actively seeking energy-efficient products. Low power displays align with these environmental values, as they help reduce energy consumption, contributing to lower greenhouse gas emissions and supporting the nation's commitment to sustainability.

Why Are Low Power Next Generation Display Sales Rising in the United Kingdom?

The United Kingdom low power next generation display market is expected to be valued at US$ 5.9 million by 2032. It is likely to create an absolute dollar growth of US$ 2.1 million till 2032.

The United Kingdom market showcased growth at a CAGR of 2.6% from 2017 to 2021. It is expected to elevate at a CAGR of 4.5% from 2022 to 2032.

The United Kingdom is known for its technological advancements and innovation in various sectors. This includes advancements in display technology, leading to the development of low power next generation displays.

These displays offer improved power management capabilities, enhanced visual quality, and reduced energy consumption. As consumers in the United Kingdom seek the latest technologies and innovative solutions, demand for low power next generation displays continues to rise.

Adoption of wearable technology such as smartwatches, fitness trackers, and IoT devices, has gained significant traction in the United Kingdom. These devices often rely on low power displays to optimize battery life and ensure continuous functionality. As consumers embrace these wearable devices for health monitoring, connectivity, and convenience, demand for low power displays has seen a notable increase.

Would China be a Leading Hub for Low Power Next Generation Display Manufacturers?

China low power next generation display market is set to surpass a value of US$ 58.3 million in 2032. It is projected to create an incremental opportunity of US$ 30.1 million till 2032.

China market registered steady growth at a CAGR of 9.1% from 2017 to 2021. It is expected to propel at a CAGR of 7.5% from 2022 to 2032.

China is renowned for its robust manufacturing capabilities, including advanced facilities and a large skilled workforce. These capabilities allow for efficient and cost-effective production of low power next generation displays, making it an attractive location for manufacturers.

China-based companies have made significant investments in research & development and display technologies. This has led to the development of innovative display technologies, including low power options. Manufacturers in the country have demonstrated their ability to produce high-quality displays with competitive power efficiency.

China has a massive domestic market with a high demand for electronic devices. Growing population, increasing disposable income, and widespread adoption of smartphones, tablets, & other portable devices might drive demand for low power displays. Domestic manufacturers can cater to this demand and gain a competitive advantage.

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Category-wise Insights

Which Type of Low Power Next Generation Display is Projected to Witness Significant Growth?

OLED low power next generation display is projected to witness significant growth. It grew at a CAGR of 6.8% from 2017 to 2021. It is expected to expand at a CAGR of 6.0% from 2022 to 2032.

OLED or organic light-emitting diode technology is being utilized in the development of low power next-generation displays. OLED displays are known for their high contrast ratio, vibrant colors, and thin form factor, which would push demand.

Demand for low power next generation displays is driven by inherent power-saving characteristics of OLED technology. Unlike traditional LCD screens, OLED displays do not require a separate backlight.

Instead, each pixel in an OLED display emits its own light, allowing for precise control over power consumption at the individual pixel level. This unique feature contributes to the growing need for low power displays.

Power management techniques are also being implemented to optimize energy usage. Adaptive brightness control adjusts the display's brightness based on ambient lighting conditions, conserving power in well-lit environments.

Frame rate control reduces the refresh rate of the display when displaying static or less demanding content, resulting in lower power consumption. These factors are expected to bolster demand.

Which is the Leading Application of Low Power Next Generation Display Globally?

Based on application, the consumer electronics segment is projected to witness significant growth by 2032. It witnessed steady growth at a CAGR of 6.6% from 2017 to 2021. It is expected to expand at a CAGR of 5.9% from 2022 to 2032.

Low power next generation displays are becoming increasingly important in consumer electronics. As energy efficiency is a key consideration for improving device performance and extending battery life, these displays are gaining traction.

These displays offer various benefits in consumer electronics applications. Low power displays significantly contribute to energy efficiency of devices such as smartphones, tablets, smartwatches, and laptops.

By reducing power consumption of the display, battery life of these devices can be extended, providing users with longer usage times between charges. This is particularly crucial in portable devices where users expect optimal battery performance.

Low power displays can also have a positive impact on the thermal management of consumer electronics. Display panels that generate less heat might contribute to cooling requirements of the device, enabling more efficient thermal management systems and reducing the risk of overheating.

Low power next generation displays can also maintain the visual quality and performance expected by consumers. These displays can offer vibrant colors, high contrast ratios, fast response times, and sharp resolutions while keeping power consumption in check.

Integration of low power next-generation displays in consumer electronics not only enhances energy efficiency but also provides users with improved battery life and better thermal management. Their ability to deliver an enhanced visual experience is set to drive demand.

Competitive Landscape

Leading display manufacturers such as Samsung Display, LG Display, and Sharp have a strong presence in the low power next generation display industry. They would leverage their extensive experience, manufacturing capabilities, and research & development investments to develop and produce low power next generation displays.

Semiconductor companies such as Qualcomm, Intel, and MediaTek would also play a significant role in the industry. They would provide power-efficient display drivers, system-on-chips (SoCs), and other display-related technologies, partnering with display manufacturers to offer integrated solutions.

A number of small-scale companies and start-ups are actively innovating in the low power display space. They are focusing on developing specific technologies such as e-ink displays for e-readers, reflective displays for smartwatches, or energy-efficient LCD panels for IoT devices, carving out niches within the broader market.

A few recent developments in the low power next generation display market are:

  • In January 2021, Samsung Display announced the launch of a new low powered OLED panel for its smartphones. This new OLED screen can reduce battery consumption by around 16% when compared to previous smartphone panels.
  • In April 2020, Merck announced the acquisition of OLED patents from Konica Minolta. With this acquisition, the company aims to strengthen the OLED development pipeline and enhance its product portfolio for the future.

Scope of the Report

Attribute Details

Estimated Market Size (2022)

US$ 128.3 million

Projected Market Valuation (2032)

US$ 232.0 million

Value-based CAGR (2022 to 2032)

6.1%

Forecast Period

2022 to 2032

Historical Data Available for

2017 to 2021

Market Analysis

Value (US$ million)

Key Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Russia and Belarus
  • Balkan and Baltics
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • rest of Latin America
  • China
  • Japan
  • South Korea
  • India
  • Association of Southeast Asian Nations
  • Oceania
  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • BENELUX
  • Nordics
  • Rest of Western Europe
  • Poland
  • Hungary
  • Romania
  • Czech Republic
  • Central Asia
  • Russia & Belarus
  • Balkan & Baltics
  • GCC Countries
  • Türkiye
  • Northern Africa
  • South Africa

Key Segments Covered

  • Type
  • Application
  • Region

Key Companies Profiled

  • LG Display
  • Samsung SDI
  • Sony
  • Panasonic
  • Qualcomm
  • Philips
  • Motorola
  • Planar Systems
  • Universal Display Corporation
  • Novaled
  • GE Lumination
  • Toshiba Mobile Display

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Low Power Next Generation Display Market Outlook by Category

By Type

  • Quantum Dot Display (QD-LED)
  • Field Emission Display (FED)
  • Laser Phosphor Display (LPD)
  • Organic Light-Emitting Diode (OLED)
  • Organic Light-Emitting Transistor (OLET)
  • Surface-Conduction Electron-Emitter Display (SED)

By Application

  • Consumer Electronics
  • Home Appliances
  • Advertising
  • Public Display
  • Automation
  • Aviation

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • LG Display
  • Samsung SDI
  • Sony
  • Panasonic
  • Qualcomm
  • Philips
  • Motorola
  • Planar Systems
  • Universal Display Corporation
  • Novaled
  • GE Lumination
  • Toshiba Mobile Display

- Frequently Asked Questions -

The low power next generation display industry was worth US$ 120.0 million in 2021.

The global low power next generation display industry witnessed a market size of US$ 128.3 million in 2022.

The low power next generation display industry in 2032 is set to be valued at US$ 232.0 million.

The low power next generation display industry exhibited a CAGR of 7.0% over the last 4 years.

The low power next generation display industry is set to exhibit a CAGR of 6.1% from 2022 to 2032.

By application, the consumer electronics segment is projected to garner a significant value share by 2022.

South Korea and Japan low power next generation display industry is estimated to witness CAGRs of 6.5% and 6.3%, respectively in the next ten years.

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