May 27 2009
According to a new technical market research report, DISPLAYS: GLOBAL MARKETS AND EVOLVING TECHNOLOGIES (SMC068A) from BCC Research, the global market for electronic display technology is expected to be worth $98.6 billion in 2009. This is expected to increase to over $174.2 billion in 2014, for a compound annual growth rate (CAGR) of 12.1%.
The market is broken down into flat panel displays and cathode ray tube (CRT) displays. Flat panel displays have the largest share of the market, worth an estimated $82.6 billion in 2009. This segment is expected to grow at a CAGR of 14.7% to reach $164.0 billion in 2014.
CRT displays have the second largest share of the market, generating an estimated $16.0 billion in 2009. This segment is expected to decrease at a CAGR of -8.6% to reach $10.2 billion in 2014.
Displays are used by consumers, a wide variety of businesses, and industrial and professional organizations. This industry is unique in that it serves both the consumer and industrial markets.
Decades ago, a display was a tool for information feedback, but today's technology has turned them into a means for information management, high-definition entertainment and high-tech research. Display technology ranges from the century old CRT to displays based on micro electro mechanical systems and emerging nano-based materials.
The CRT had been the dominant technology in displays for many years, but flat panel models have overtaken the CRT, particularly in desktop computer applications and other situations where space is an important consideration. Flat panel technology also is more flexible than CRT, especially as the mobile monitor and handheld uses of displays expand.