Industry Insight
The "global IPS display market analysis to 2025" is a specialized and in-depth study of the IPS display industry with a particular focus on the global market trend analysis amid coronavirus disease outbreak. The report is presented by Market Research Future in which it revealed that the market would hit at CAGR of 6.40% and value USD 74.87 Billion by 2025. The forecast period is estimated to be 2019–2025.
Market Introduction
With the presence of important different regional and local players of the global IPS Panel market is tremendously competitive. In-plane switching (IPS) is a technology employed for liquid-crystal displays (LCDs that are designed to solve the foremost problems of the twisted nematic field effect (TN) matrix LCDs such as low-quality color reproduction and strong viewing angle dependence. The foremost benefit of IPS display panels is display of precise color from all angles of view. Owing to these features there has been a high demand for IPS displays, which eventually affected the market globally at a high rate.
MRFR also reveals that IPS display panels do not show tailing when they are touched, which is mostly used for touch-screen devices, such as Smartphones devices. On the other side, the rise in disposable income, rise in demand for high-end screens, and rapidly burgeoning consumer electronic market are some of the significant factors driving the growth of the IPS display market.
In addition to this, IPS Display market also shows the capability to expand possibilities in the upcoming years, which is also one of the prime factors leading during COVID 19 pandemic. With this, rising disposable income across the globe is also contributing as significant factors driving the growth of the market. Professionals photographers, CAD engineers, graphic designers, and video editors are gaining benefits from the IPS displays owing to enhanced contrast, speed, and resolution factors. These displays are used in mid-range to high-range Smartphones due to its high cost of production. Apple Inc. also uses these displays in their Smartphones owing to its advantages over the TN panels.
Despite these factors, other factors such as high cost of IPS display have been one major factor restraining IPS display market growth.
Segmentation of Market: IPS Market
The global IPS display market has been segmented over the segments of type, functionality, and application.
In terms of type, the IPS display market has includes e-IPS, AH-IPS, and others.
In terms of application, the IPS displays market has included TVs, Smartphone & tablet, PCs, and others.
Regional Outlook
The global IPS displays market is estimated to grow at a significant rate during the forecast period in North America, Europe, Asia-Pacific, and the rest of the world.
The Asia-Pacific region acquired the largest market share since 2018 owing to various manufacturing companies that provide IPS display panels in multiple sizes as per applications in the region. The mounting urbanization and rising disposable income among the users in the region are major factors driving the IPS displays market. In fact, the rising population and mounting demand for Smartphones and tablets are also propelling the growth of the market. Giant companies such as Acer Inc. Lenovo Group Limited, AU Optronics, LG Display, and WINSTAR Display Co., Ltd 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 grabbed the largest share in the region in 2018 owing to the rising population and increasing demand for better picture and color quality, which is considered a driving factor for the growth of the market in the region.
Top Market Players
MRFR recognizes the some of the top players in the global IPS Displays market as Acer Inc. (Taiwan), AU Optronics (Taiwan), WINSTAR Display Co., Ltd. (Taiwan), Lenovo Group Limited (China), Samsung Electronics Co., Ltd. (South Korea), LG Display (South Korea), Japan Display (Japan), Sony Corporation (Japan), Dell (US) and Panasonic Corporation (Japan).
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IPS Displays Market Research Report: By Type (AH-IPS, E-IPS, and others), Application (Smartphone & Tablet, TVs, PCs, and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027
Source- Market Research Future