The high growth of next-generation display materials can be attributed to the increasing demand from the consumer electronics industry to offer better display panels in their display devices, and rising consumer preference for better display devices. Additionally, the rise in the global production of display devices across the globe has also led to a significant increase in the demand for display materials.
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Rapid consumption of electronic products has boosted the growth of the display market in the APAC region that includes, India, Japan, China, South Korea, Australia, and the rest of Asia-Pacific. South Korea is a rapidly growing hub for electronics market with superior display material manufacturers situated in South Korea region. Apple is the highest selling manufacturer of smartphones used in South-Korea about XX% for FY2018, and second most top used smartphones manufacturer is Samsung with XX%. With the shifting consumer preference towards better resolution smartphones and TVs in the Asia-Pacific region, significant growth in the demand for display materials is expected during the forecast period.
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However, high prices of new and advanced materials, slower technological adoption of QLED due to lack of awareness among consumers, and exclusivity and Intellectual property protection of emerging and display elements are limiting the growth of next-generation display materials market. OLED and QLED materials and displays manufacturers are the gorilla players of the next-generation display industry in the upcoming digitally modified era. Quantum dots mass production for commercial usage can be revolutionary. OLED panels have already started replacing the usage of traditional LCD panels.
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