The global IPS displays market is expected to register a CAGR of 6.40% during the forecast period of 2019–2025. There are various factors contributing to the growth of the global IPS displays market such as increasing demand for consumer electronics such as TVs, PCs, smartphones, and others, rising spending capacity of the individuals across the globe, and advancements in technology are few factors which are driving the market.
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MRFR recognizes the key players in the global IPS displays market are AU Optronics (Taiwan), Acer Inc. (Taiwan), Lenovo Group Limited (China), WINSTAR Display Co., Ltd (Taiwan), LG Display (South Korea), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Japan Display (Japan), Panasonic Corporation (Japan), AsusTek Computer Inc. (Taiwan), and Dell (US)
The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.
The global IPS Display Market Trends COVID-19 Impact Analysis has been segmented based on type microcontroller performance, functionality, application, and region.
By type, the IPS displays market has been segmented AH-IPS, e-IPS, others.
By application, the IPS displays market has been segmented into smartphone & tablet, TVs, PCs, and others
By region, the IPS displays market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
The global IPS displays market is estimated to grow at a significant rate in the future. The geographical analysis of the IPS Displays market has been done for North America, Europe, Asia-Pacific, and the rest of the world.
North America accounted for a significant share in 2018 for the global IPS displays market. North America is one of the developed regions and one of the earliest adopters of IPS displays across the globe. High disposable income and investments made by the companies in the region for the development of advanced IPS display panels are driving the growth of the market in the region. Moreover, the presence of various mobile manufacturers in the region such as Apple Inc. and Motorola, who are integrating these displays in their handsets, is fueling the growth of the market.
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Europe holds a significant market share in the IPS displays market due to the increasing demand for new and advance TVs, desktops, smartphones, and other systems. As IPS displays offer a wide viewing angle to the users and offer better color/contrast as compared to various vertical alignment(VA) and twisted nematic(TN) panels is one of the major factors attracting the individuals towards IPS displays. Moreover, the increasing gaming trends in the region is increasing requirement for the better color display which is driving the market in the region.
Asia-Pacific is expected to hold the largest market share in 2018 and is one of the fastest-growing regional markets during the forecast period due to the increasing demand for consumer electronics, TVs, smartphones, desktops and other IPS display devices. The presence of various manufacturers of IPS displays such as LG Display, Samsung Electronics Co., Ltd, Japan Display, Panasonic Corporation, and AU Optronics who offer IPS displays in different sizes to the users in the region, results in the growth of the market.
The market in the rest of the world is expected to register a significant CAGR during the forecast period due to the increasing disposable income of the individuals, rising demand for IPS displays by the gamers, and advancements in technology in the region. Further, the region has been segmented into South America and the Middle East & Africa region.
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