Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Many countries have put in place or are applying lockdowns to stop the spread of COVID-19. These changes have had an effect on the supply lines of many markets, including the IPS Display Market Revenue. Supply chain problems are making it harder for display makers to make and ship their products, which is lowering the IPS Display Market Trends. As a result, COVID-19 has had the most significant effect on the production of IPS displays in China. This meant that producers could only use 70 to 75 percent of their capacity, instead of 90 to 95 percent. Because of a lack of workers, problems with logistics support, and quarantine rules, a Chinese company that makes displays thinks that total display production will drop by 40% to 50%. This will make the IPS display market smaller.
Having more money to spend is one of the main things driving the growth of the global IPS display market. There is more color, speed, and clarity on IPS screens, which makes them better for CAD engineers, graphic artists, professional shooters, and video producers. An IPS display technology that is often used and has uses in many areas is LED display technology. When compared to other technologies, its IPS Display Industry and IPS Display Market Revenue are bigger. The IPS monitor market has grown lately, but not because of new ideas.
The parts needed to put together a panel are getting smaller, which is one of the newest trends in the IPS Display Market. Thanks to downsizing, which has made IPS screens very big and very thin, they can now be placed on any surface, indoors or outdoors. The range of IPS uses has grown thanks to advances in technology, such as brighter IPSs, IPSs with harder surfaces, and IPSs that are smaller. Resolution and product variety have also gotten better. IPS screens are often used for digital signs and advertising, as well as digital signage tasks like showing ads. The IPS Display Market Outlook and Demand are very important because of this.
The IPS display market is also affected by changes in how people behave around the world. People want more intense watching experiences, which has made the desire for bigger screens a major market force. As a result of consumers from all walks of life wanting displays that offer a cinematic and engaged experience, makers are making TVs, computers, and laptops with bigger IPS displays. This trend shows that people are changing how they connect with material, putting more emphasis on engagement and visual appeal.
A wider range of people can now afford IPS screens thanks to better manufacturing methods and lower production costs. Affordability is a key factor in growing market share and driving acceptance across a wide range of customer groups. So, IPS screens aren't just found on high-end devices; they're also showing up on more and more mid-range and even cheap devices.
It is smart, personalized, and relevant to use digital ads. People spend more time online than ever, so digital advertising is a great way to reach them on a variety of platforms and devices. So, over the last few years, internet advertising has become more popular. Digital advertising has also grown because the internet is becoming easier for more people to use. Another thing that is becoming more popular is automated advertising. "Programmatic advertising" is the process of choosing which media to buy by using computers and data to make decisions by themselves. Because of this, stores don't need as many displays, which were used to draw attention to goods and names.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 6.40% (2020-2027) |
IPS Display Market Highlights:
IPS Display Market Overview
IPS Display Market is estimated to reach USD 74.87 Billion by 2032, registering a CAGR of 6.40% during the forecast period of 2024–2032. In-plane switching (IPS) is a sort of LED display panel technology that is used in conjunction with LCD panels. IPS panel displays are typically used by professionals due to their high cost and various advantages. For example, when compared to various vertical alignment (VA) and twisted nematic (TN) panels, these offer wider viewing angles to the user, provide faster response, and deliver better color/contrast resulting in IPS Display Market Demand and IPS Display Market Growth. These panels were created to address the shortcomings of the TN panel. One of the key advantages of IPS panels is that colors on an IPS monitor do not shift while viewing from a different angle as compared to the TN panels. Manufacturers have been able to build these panels displays in such a way that they can support professional color space technologies thanks to technological advancements; this is a major driver driving the IPS Display Market Trends globally.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
COVID 19 Analysis
To stop the spread of COVID-19, many governments have imposed or are imposing lockdowns. The supply chain of several markets, including the IPS Display Market Revenue, has been affected as a result. Display manufacturers are having difficulty manufacturing and supplying their products due to supply chain issues resulting in decreased IPS Display Market Trends. COVID-19 thus has had the greatest impact on IPS Display production in China. Manufacturers were only authorized to use 70 to 75 percent of their capacity, as opposed to the regular rate of 90 to 95 percent. A Chinese display manufacturer, for example, predicts a 40 percent to 50 percent decline in overall display production due to manpower shortages, logistics support shortages, and quarantine procedures resulting in decreased IPS Display Market Share and IPS Display Market Size in the IPS Display Industry.
Market Dynamics
Drivers
One of the primary elements driving the market's IPS Display Market Growth is increased disposable income around the world. IPS displays also help professionals like CAD engineers, professional photographers, graphic designers, and video editors due to their improved contrast, speed, and resolution. LED displays are one of the most widely utilized IPS display technologies in a variety of applications. In comparison to other technologies, it has a bigger IPS Display Industry and IPS Display Market Revenue. The IPS Display Market has grown in recent years, but not in terms of innovation. Miniaturization of the parts required to produce a screen is one of the most recent breakthroughs in the IPS Display Market. IPS screens have become ultra-thin and have grown to enormous sizes thanks to miniaturization, allowing them to be placed on any surface, inside or out. IPS applications have grown in number as a result of technological developments such as improved resolution, increased brightness, product diversity, and the introduction of hardened surface IPSs and tiny IPSs. IPS displays are also commonly used for digital signage applications such as advertising and digital billboards, which helps IPS Display Market Demand and IPS Display Market Outlook stand out.
Restraints
Because of their high production costs, these screens are seen in mid-range to high-end smartphones. Now more than ever, digital advertising is intelligent, tailored, and relevant. People are spending more time online than ever before, making digital advertising an excellent way to reach them across several devices and platforms. As a result, in recent years, online advertising has grown in popularity. In addition, the internet's widespread availability has driven a surge in digital advertising. Programmatic advertising is gaining traction as well. The use of automated tools and data to make media buying decisions without human intervention is referred to as programmatic advertising. As a result, the demand for displays, which were previously used to advertise items and brands in stores and commercial establishments, has drastically diminished.
Technology Analysis
In recent years, foldable displays have grown popular in tablets, smartphones, and notebooks. The Flexible display panels are made of flexible substrates that allow them to bend. The flexible substrate can be made of plastic, metal, or flexible glass; plastic and metal panels are light, thin, and robust, and are practically shatterproof. Foldable phones use flexible display technology, which is based on OLED screens. Flexible OLED display panels for smartphones, televisions, and smartwatches are being mass-produced by companies like Samsung and LG. However, from the perspective of end-users, these displays are not exactly flexible; producers bend or curve these display panels and use them in end products.
Segment Overview
The Global IPS Display Market is further bifurcated into various segments depending on various factors to help the market to grow as per the predicted CAGR growth by the end of the forecast period in 2027. The Global IPS Display Market is segmented based on the following:
IPS Display Market, By Type
- AH-IPS
- e-IPS
- Others
IPS Display Market, By Application
- Smartphones & tablet
- TVs
- PCs
- Others
IPS Displays Market, By Region
- North America
- Europe
- Asia-Pacific
- The Rest of the World
Regional Classification
Due to the presence of many manufacturing businesses in the region that supply IPS display panels in various sizes according to their applications, Asia-Pacific accounted for the greatest market share during the historic forecast period. The market for IPS displays is being driven by expanding urbanization and rising disposable income among customers in the region. Furthermore, the growing population and demand for smartphones and tablets are moving the market forward. Acer Inc., AU Optronics, and others. Lenovo Group Limited, WINSTAR Display Co., Ltd, and LG Display are just a few of the prominent manufacturers in the region that are constantly investing in the development of new IPS display panel technology. Due to the rising population and increasing demand for better picture and color quality, China accounted for the highest share in the area, which is regarded as a driving factor for the market's growth in the region. However, due to shifting consumer preferences for color and resolution, India is expected to be the fastest-growing country-level market throughout the projected period.
Competitive Landscape
The IPS Display Market is fiercely competitive, thanks to the existence of a slew of significant vendors selling their wares both domestically and internationally. The market looks to be moderately fragmented, with prominent competitors employing product innovation and mergers & acquisitions as a strategy. The major businesses continue to innovate and spend in R&D to offer a cost-effective product selection. There have been recent mergers and acquisitions among the major players, a tactic used by businesses to expand their consumer base. The major key players in the IPS Display market are as follows:
- AU Optronics (Taiwan)
- Acer Inc. (Taiwan)
- WINSTAR Display Co., Ltd. (Taiwan)
- Samsung Electronics Co., Ltd. (South Korea)
- Sony Corporation (Japan)
- Japan Display (Japan)
- Lenovo Group Limited (China)
- Panasonic Corporation (Japan)
- AsusTek Computer Inc. (Taiwan)
- LG Display (South Korea)
- Dell (US)
IPS Display Market Recent Developments
- The first Samsung Onyx screen was unveiled in Australia at the HOYTS Entertainment Quarter in Moore Park, Sydney. Samsung's latest 14-meter Onyx Cinema LED screen is featured in the next installment.
- LG Display has unveiled its latest displays and technologies at CES 2020 in Las Vegas. A 65-inch Ultra HD (UHD) Bendable OLED panel and a 55-inch Full HD (FHD) Transparent OLED display will be unveiled by the business.
IPS Display Market Report Overview
The research includes an analytical picture of the IPS display market share, as well as current trends and future projections, to show potential investment areas. The whole market potential is estimated to better identify profitable trends in the IPS display sector.
The paper gives information on major drivers, restrictions, and possibilities with full impact analysis. To measure financial competency, the current IPS display market is quantitatively analyzed. The report demonstrates the purchasing power of buyers and the market share of significant vendors. The study includes market trends as well as key vendor market shares. Several firms in the global body area network market are expanding their operations through new product development, strategic mergers, acquisitions, and partnerships, drawn by the market's growth and latent demand.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
