Display Market Size

Display Market Size

Display Market size valued at USD 7 billion in 2016 and will grow at a CAGR of around 14% between 2017 and 2024. The global industry shipment were over 45 million units in 2016 and are expected to register 16.5% growth rate during the forecast period.
 

The global display market growth is owing to technological advancements in touchscreen technology such as surface acoustic wave technology. Further, the reducing cost of components, such as controllers, touch sensors, and software drivers, is encouraging the end users including retailers to adopt advanced systems.
 

The deployment of technologically advanced systems such as smart ATMs and NFC-enabled POS systems will propel the display market demand. The deployment of smart and next-generation ATMs is increasing due to their ability to reduce the number of bank branches and perform on-the-go banking by providing services such as money transfer, cash deposit, and check clearance. The deployment of smart ATMs is encouraging the manufacturers to develop advanced displays, escalating the industry demand. Moreover, rising shipments of POS systems are offering growth opportunities to the companies operating in the market.
 

Reducing the number of ATM deployments in countries including U.S., UK, and Germany is projected to challenge the display market growth. The high cost of ATM systems and increasing number of ATM frauds are compelling banks and financial services to reduce the number of ATMs. Additionally, growing online and mobile payments are reducing the ATM usage considerably. However, the rising usage of POS and kiosk systems is expected to reverse the impact of reducing ATMs on the overall market.