According to Market Research Future (MRFR), the global IPS displays market is estimated to reach USD 74.87 billion, with a CAGR of 6.40% from 2019 to 2025 (forecast period). The report describes the strengths, opportunities, threats, and emerging market risks and offers a comprehensive overview of the global business environment with the effect of COVID-19.
IPS is a type of LED display panel technology that is part of the LCD panel technology. Professionals typically use the IPS panel displays due to their high cost and various advantages provided by the IPS panel; for example, they provide wider viewing angles to the user, provide a quicker response, and provide better color/contrast compared to the various vertical alignment (VA) and nematic twisted (TN) panels. These panels have been designed to address the limitations of the TN panel. One of the key benefits of IPS panels is that the colors on the IPS monitor do not change when viewed from a different angle compared to the TN panels. Technological advancements have made it possible for manufacturers to design these display panels in such a way that they can embrace professional color space technologies; this is a crucial factor driving the demand across the globe.
Market Dynamics
Increasing disposable income around the globe is one of the key factors driving the market growth. In addition, professionals such as CAD engineers, pro photographers, graphic designers, and video editors benefit from IPS displays market due to their improved contrast, speed, and resolution. These displays are used in mid-range to high-range smartphones due to their high production costs. Apple Inc. also uses these displays in their smartphones because of its advantages over the TN panels.
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Market Segmentation
The global IPS Display market’s segmental analysis has been conducted based on the segments of type, functionality, and application.
Among the type segment, the IPS display market analysis has included AH-IPS, e-IPS, and others.
Among the application segment, the IPS displays market has included PCs, TVs, smartphones & tablets, and others.
Regional Analysis
By region, the global IPS Display Market Analysis has been segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
APAC accounted for the largest market share in 2018 due to the presence of various manufacturing companies that provide IPS display panels in different sizes according to their applications in the region. The rising urbanization and increasing disposable income levels among users in the region are major factors driving the IPS displays market. Moreover, the growing population and increasing demand for smartphones and tablets are also propelling the growth of the market. Companies such as WINSTAR Display Co., Ltd, AU Optronics, Acer Inc., Lenovo Group Limited, and LG Display 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 accounted for the largest share in APAC in 2018 due to the rising population and increasing demand for high resolution TVs. However, India has been estimated to be the fastest-growing country-level market during the forecast period due to the changing preference of users. The upswing in public information displays (PIDs) owing to the large scope for advertising can drive the demand for IPS displays in the coming years.
Key Players
MRFR recognizes the key participants in the Global IPS Displays Market as AU Optronics (Taiwan), Acer Inc. (Taiwan), Lenovo Group Limited (China), WINSTAR Display Co., Ltd. (Taiwan), Panasonic Corporation (Japan), LG Display (South Korea), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Japan Display (Japan), AsusTek Computer Inc. (Taiwan), Dell (US), among others.
Prominent players continue to innovate and invest in research and development in order to deliver a cost-effective product portfolio. Recent mergers and acquisitions between market players have taken place, a strategy that business companies use to improve their access to customers.
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