Display Technology

Display panel market to reach $163B

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April 29, 2021

The global display panel market will grow from $122 billion in 2020 to $163 billion in 2026, according to a report by ResearchandMarkets.com. The market will grow at a compound annual growth rate of 4.92% during the forecasted period.

Some of the key drivers of the market include:

• Growing demand for smartphones, TVs and other electronic devices.
• Growing disposable income and urbanization.
• Growing demand for displays with digital signage, vehicles and wearables.

COVID-19 will only have a moderate impact on the industry since restrictions have been eased, according to the report.