IPS Display Market Opportunity Assessment and Competitive Landscape
IPS Display Market Scope
The global IPS displays market is estimated to reach USD 74.87 billion by 2025, registering a CAGR of 6.40% during the forecast period. Advantage of IPS displays over twisted nematic (TN) displays of unchanging picture quality can drive the market demand. Advances in technology for supporting professional color space technologies can bode well for the market. Rise of disposable income levels of customers and their penchant for high resolution TV sets can influence the growth trajectory of the market to a great extent. Rise of professionals in media and entertainment, industrial design, and inclusion of IPS in consumer electronics by major companies can favor the market over the forecast period.
IPS Display Market
In-plane switching (IPS) displays are type of LCDs with the best color and viewing angles. Its high response rate, low input lag, and contrast ratio are improvements which can drive up the production of IPS displays. The global IPS display market report by Market Research Future (MRFR) contains demand share, revenue trends, and competitive intelligence on the industry for the period of 2019 to 2025 (forecast period). The impact of the COVID-19 pandemic has been taken into account for the report.
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IPS Display Market Regional Analysis
By region, the global IPS display market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
APAC accounted for the largest market share in 2018 due to the presence of various manufacturing companies that provide IPS display panels in different sizes according to their applications in the region. The rising urbanization and increasing disposable income levels among users in the region are major factors driving the IPS displays market. Moreover, the growing population and increasing demand for smartphones and tablets are also propelling the growth of the market. Companies such as WINSTAR Display Co., Ltd, AU Optronics, Acer Inc., Lenovo Group Limited, and LG Display are some of the key manufacturers present in the region who are continuously investing in the development of new technologies associated with IPS display panels. China accounted for the largest share in APAC in 2018 due to the rising population and increasing demand for high resolution TVs. However, India has been estimated to be the fastest-growing country-level market during the forecast period due to the changing preference of users. The upswing in public information displays (PIDs) owing to the large scope for advertising can drive the demand for IPS displays in the coming years.
IPS Display Market Segmentation
The global IPS display market has been segmented based on type and functionality.
By type, the IPS displays market has been segmented AH-IPS, e-IPS, and others.
By application, the IPS displays market has been segmented into smartphone & tablet, TVs, PCs, and others. The PCs segment is expected to garner huge revenues for the market owing to the procurement of personal computers for online learning and education purposes. However, the development of high-performance devices by manufacturers can push the smartphone & tablet segment over the forecast period.
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IPS Display Market Competitive Outlook
Dell, LG Display, Japan Display, AsusTek Computer Inc., Sony Corporation, Lenovo Group Limited, WINSTAR Display Co., Ltd., AU Optronics, Acer Inc., Panasonic Corporation, and Samsung Electronics Co., Ltd. are key players of the global IPS display market.
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