Display Panel Market worth 156.57 Billion USD by 2020
The market for display panels was valued at USD 114.16 Billion in 2014, and is expected to reach USD 156.57 Billion by 2020, at a CAGR of 5.60% between 2015 and 2020. The market is expected to be driven by the growing demand for large-sized UHD display panels for TVs, increasing demand for automotive and digital signage displays. Although the Asia-Pacific market accounted for the maximum market share in 2014, other regions are expected to witness higher growth rates during the forecast period. However, the market is restrained by factors including the overcapacity and decreasing price of panels that result in the reduction in profit margins and revenues.
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