Global Display Market Size to cross $20bn by 2024

Display Market size is estimated to cross USD 20 billion by 2024; according to a new research report by Global Market Insights, Inc. The industry shipments are expected to grow at a CAGR of 16.5% from 2017 to 2024.
 

The technological advancements in display technologies and the introduction of highly responsive and interactive display panels are creating a greater demand in the display market. The enterprises are more inclined toward self-service devices to provide customer support, services, and other facilities. Multiple distribution centers, retail outlets, restaurants, and ticketing devices are some of the rapidly growing kiosk applications. These devices are providing benefits such as faster customer servicing, more customer satisfaction, and streamlined processes. The large & organized retail sector in developed countries including the U.S. will have a high influence on the growth of the display market. POS terminals are being used for inventory control, managing sales reports, increasing workforce productivity, and others, enabling a greater number of retailers to adopt these technologies.


 

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The developing economies are also witnessing higher inclination toward these devices and contributing significantly to display market growth. In March 2019, Amazon announced its plans to build more than 100 kiosk malls in India. The company will be using these malls for sales of its devices such as Fire TV dongle, ebook reader, and Echo speaker. In May 2019, the Ministry of Electronics and Information Technology (MeitY) in India asked the banks to deploy around 8.5 million POS terminals in FY2020 in the country. The government is aiming to achieve 40 billion digital transactions for the financial year.
 

China display market size, 2016 & 2024 (USD Million)
Display Market

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The healthcare industry is an emerging application area in the display market with a greater number of patients turning toward self-service approach for checking into clinics without needing the help of medical administrators. Kiosk devices have also helped in streamlining administrative tasks such as payments and hospital registration. An important benefit of self-service kiosk devices in hospitals is reduced costs of filing the forms, less paperwork, and minimizing the time required to do bulk administrative tasks. In addition, these devices help in minimizing patient’s waiting time, which is highly crucial to ensure better medical services. Banking organizations are adopting smart ATMs, which are being deployed by banking organizations to reduce the requirement of the number of bank branches and provide one-stop financial services through ATMs. These ATMs have capabilities such as video teller, smartphone-enabled accessibility, and others, which can significantly reduce the workloads and inconvenience at bank branches.
 

Browse key industry insights spread across 550 pages with 924 market data tables & 30 figures & charts from the report, “Display Market Size By Application (ATM [By Display Size {7”, 8”, 10”, Above 10”}, By Resolution {700x340 pixels, 800x600 pixels}], POS Terminals [By Display Size {10”, 12”, 15”, 17”, 19”, 20”}, By Resolution {1,024x768 pixels, 1,366x768 pixels, 1,280x800 pixels}], Kiosks [By Display Size {15” – 17”, 17” – 32”, 32” – 65”, Above 65”}, By Resolution {1,024x768 pixels, 1,280x1,024 pixels, 1,920x1,080 pixels}]), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, Japan, South Korea, India, Taiwan, Malaysia, Hong Kong, Brazil, Mexico, Saudi Arabia, UAE, And South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/display-market
 

NCR Corporation, Fujitsu Limited, Epson America, Inc., Fametech, Inc., Displax SA, Advantech Co., Ltd. Diebold Nixdorf Inc., LS Retail ehf., 3M Company, and NEC Corporation are some of the major companies operating in the display market. The growing trend toward digitization is enabling companies to have new product developments. In June 2018, Diebold Nixdorf announced a partnership with Mastercard to increase new digital transactions to ATM channels by deploying cardless ATMs. These ATMs allow users to withdraw cash with convenience using cloud technology and their mobile banking application. These ATMs are more secure, transparent, and reliable for customers as they do not expose sensitive customer information. In August 2017, Hewlett-Packard introduced HP ElitePOS, a new all in one POS system. The company is aiming to address the requirements in hospitality and retail industries and improve the in-store experience of customers. The declining prices of display components due to higher market competition will play a vital role in increasing the implementation of display panels in self-service applications. The rapid technological advancements by companies are enabling higher resolution display panels with more interactive touch response.
 

Data security concerns related to customer information can considerably affect the growth of the display market. Kiosks and POS devices are being highly used for marketing activities, feedbacks, and understanding customer preferences. Entering personal information such as address and mobile numbers can create risks associated with data leaks and privacy concerns, affecting the adoption of these devices. Another issue is the reliability on the technology. The outage and non-functioning of the devices can create high inconvenience for users. In July 2018, the crash of kiosk systems in Canadian airports of Ottawa, Vancouver, Toronto, and Calgary caused serious delays to many passengers. Moreover, the ATMs are prone to attacks by hackers and other potential threats. In October 2016, nearly 3.2 million debit cards were hacked in India, affecting several major banking organizations in the country including HDFC Bank, State Bank of India, and ICICI Bank.
 

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The display market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue & shipments in USD and shipment in units from 2013 to 2024 for the following segments:

By Application

  • ATM
  • POS
  • Kiosk

By Display Size

  • ATM
    • 7”
    • 8”
    • 10”
    • Above 10”
  • POS
    • 10”
    • 12”
    • 15”
    • 17”
    • 19”
    • 20”
  • Kiosk
    • 15” – 17”
    • 17” – 32”
    • 32” – 65”
    • Above 65”

By Resolution

  • ATM
    • 700x340
    • 800x600
    • Others
  • POS
    • 1,024x768
    • 1,366x768
    • 1,280x800
    • Others
  • Kiosk 
    • 1,024x768
    • 1,280x1,024
    • 1,920x1,080
    • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Malaysia
    • Hong Kong
    • Singapore
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE

 

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