News

Chinese digital display market growing

May 9, 2016

The digital display market in China is growing due to increasing sales of consumer electronics, rising demand for 3D and high-definition quality 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, according to a new research report from Research and Markets.

The report, "China Display Market — Forecast and Opportunities, 2012-2022," cites smartphones, tablets, laptops and monitors, televisions and digital signage as the key end user segments, owing to high deployment of displays in these products, according to a press release about the report.

The growing use of flexible and transparent displays in consumer electronics, rising adoption of quantum dot displays in televisions, growing demand for Organic Light Emitting Diode displays and increasing deployment of 7G, 8G and 10G LCD production lines due to 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, according to the report.

The display market in China is projected to grow at a CAGR over 8 percent from  2016 to 2022. In 2015, eastern China was the leading regional market for displays in the country, due to rising demand for consumer electronics, increasing urbanization and the expansion of manufacturing capacities by display manufacturers.