India Display Market Overview:
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “India Display Market” was valued at US$ 1820.21 Mn. in 2020, and the total India display revenue is expected to grow at a CAGR of 11.8 % for the period 2021-2027, reaching nearly US$ 3973.87 Mn. in 2027.
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India Display Market Dynamics:
The Indian display industry is expanding as a result of increased demand for consumer electronics like televisions, laptops, and smartphones, rising disposable income, and consumer interest in IoT devices. In India, more than 22.6 million television sets are sold in 2020, and by 2027, this growth is anticipated to reach 65%. On the other hand, the expansion of India’s display industry is being driven by rising demand for the 5G network and an increase in the number of internet users in rural areas. India has 749 million internet users in 2020, and by 2027, that number is projected to grow at a rate of 32.6% nationwide.
India Display Market Segmentation:
by Type
• LCD
• LED
• OLED
The India Display Market is divided into three types based on type: LCD, LED, and OLED. With a share of 55% in 2020, the LCD market category dominated the entire world. The liquid crystal-containing materials that make up the LCD are used in a passive device. It does not produce any light; instead, it modifies light that passes through it. More and more smartphones, digital cameras, calculators, and digital clocks are using this technology because of its energy-saving attributes, durability, and LED illumination, among other characteristics. With a market share of 41.22% in 2020, “Videocon Industries” was by far the largest LCD maker in India, followed by Teronixindia and BPL Limited. Recently, the VEDANTA GROUPS established an LCD panel manufacturing facility by using the “MAKE IN INDIA” programme.
by Application
• Smartphone
• Television & Monitors
• Tablets
• Laptops & Notebooks
The India Display Market is further divided into smartphones, televisions and monitors, tablets, and laptops and notebooks based on the applications they are used for. The smartphone market category, which was valued at US$ 423 million in 2020, leads the world market. A big demand for the display market in India is being driven by the rise in the manufacture of low-cost smartphones, the increase in internet users in regional cities, and the quick growth of the gaming sector. India had 365 million users of mobile games in 2020, and by 2027, 852 million were anticipated, representing a growth rate of 165%.
With a 31% share, the television category comes in at number two. The growth of housewives and the widespread consumption of TV shows are.
by Technology
• Quantum Dot
• Others
by End User
• Digital Signage
• PC
• Vehicle Display
• Smart Wearable
• Others
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India Display Market Scope and Methodology
The primary source involved interviews with significant market leaders and industry experts including business owners and marketing specialists while secondary sources are a combination of the reviews of the financial and annual reports of top manufacturers. For better information on market penetration, competitive landscape demand analysis, and regional analysis are taken at the local, regional, and global levels. The report analyses an estimation of the market size of the India Display market along with current as well as future trends. The report provides an in-depth analysis of the key development, marketing strategies, supply side and demand side indicators and company profiles of the market owners, market leaders, potential players and new entrants. The bottom-up approach was used in the report to estimate the India Display Market. The primary and secondary data sources were used to collect data.
India Display Market Key Players:
• NCR Corporation
• Fujitsu Limited
• Epson America Inc.
• Fametech, Inc.
• Displax SA
• Diebold Nixdorf, Inc.
• Ingenico Group
• 3M
• Samsung
• LG Display Co., Ltd.
• AU Optronics Corp
• TCL Display Technology Holdings Limited
• Sharp Corp.
• Xiaomi Technology India Private Limited
• BBK Electronics
• NEC India Pvt. Limited
• Palas Software Pvt.
• Oasis Touch technologies
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India Display Market Regional Insights:
The India Display market demonstrates extensive segmentation across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive evaluation of various aspects, encompassing factors, market dimensions, growth pace, and regional import-export dynamics. This analysis delves into both local and country levels within each region.
Key questions answered in the India Display Market are:
Key Offerings:
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