News

China display market expected to grow 8 percent

August 19, 2016

The display market in China is projected to grow at a compound annual growth rate of more than 8 percent during the period of 2016–2022, according to a new report from Research and Markets.

Increasing sales of consumer electronics, rising demand for 3D and high-definition pictures, growing demand for digital signage for media and advertising, rising demand for head-up displays in the automotive segment and increasing sales of smart wearables have contributed to the growth of the Chinese display market. Smartphones, tablets, laptops and monitors, televisions and digital signage are the key end-user segments, owing to high deployment of displays in these products, the release said.

Growing use of flexible and transparent displays in consumer electronics, rising adoption of quantum dot displays in televisions, growing demand for OLED displays and increasing deployment of 7G, 8G and 10G LCD production lines due to the rising demand for better picture quality and low power consumption in various consumer electronic products is also fueling growth in the country's display market.

In 2015, Eastern China was the leading regional market for displays in the country, due to rising demand for consumer electronics, increasing urbanization and expansion of manufacturing capacities by display manufacturers, according to the release.

Growing expansion of consumer electronics manufacturing capacities, especially in the South Central region of China, coupled with rising exports to neighboring countries in Southeast Asia due to increasing demand for consumer electronics and declining average selling prices of various display technologies such as LCD, LED and OLED is projected to fuel growth in the China display market over the next five years.