Global IPS Displays Market is estimated to reach USD 74.87 Billion by 2025, registering a CAGR of 6.40% during the forecast period of 2019–2025.
In-plane switching (IPS) is a type of LED display panel technology that is a part of LCD panel technology. The IPS panel displays are usually used by the professionals due to its high cost and various advantages offered by IPS panel; for instance, these offer wider viewing angles to the user, provide faster response, and deliver better color/contrast as compared to various vertical alignment(VA) and twisted nematic (TN) panels. These panels were developed to overcome the limitations of the TN panel. One of the major advantages of IPS panels is that colors on an IPS monitor do not change when viewing from a different angle as compared to the TN panels. Advancements in technology have enabled the manufacturers to design these panels displays in such a way that these can support professional color space technologies; this is a major factor driving the market across the globe.
The rising disposable income across the globe is one of the major factors driving the growth of the market. Moreover, professionals such as CAD engineers, pro photographers, graphic designers, and video editors are gaining benefits from the IPS displays due to their enhanced contrast, speed, and resolution. These displays are used in mid-range to high-range smartphones due to their high cost of production. Apple Inc. also uses these displays in their smartphones due to its advantages over the TN panels.
The Global IPS Display Market has been segmented based on Type, Functionality, Application, And Region.
By Type, the IPS displays market has been segmented AH-IPS, e-IPS, and others.
By Application, the IPS displays market has been segmented into smartphone & tablet, TVs, PCs, and others.
By Region, the IPS displays market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Global IPS Displays Market, 2017–2024 (USD Billion)
Source: MRFR Website
The Global IPS Displays Market is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographical analysis of IPS Displays has been done for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East and Africa and South America).
Asia-Pacific 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 among the users in the region are major factors driving the IPS displays market. Moreover, the rising population and increasing demand for smartphones and tablets are also propelling the growth of the market. Companies such as AU Optronics, Acer Inc. Lenovo Group Limited, WINSTAR Display Co., Ltd, 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 the region in 2018 due to the rising population and increasing demand for better picture and color quality, which is considered as a driving factor for the growth of the market in the region. However, India has been estimated to be the fastest-growing country-level market during the forecast period due to the changing preference of the users based on color and resolution.
MRFR recognizes the Key Players in the Global IPS Displays Market as AU Optronics (Taiwan), Acer Inc. (Taiwan), Lenovo Group Limited (China), WINSTAR Display Co., Ltd. (Taiwan), LG Display (South Korea), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Japan Display (Japan), Panasonic Corporation (Japan), AsusTek Computer Inc. (Taiwan), Dell (US), among others.
The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.
Frequently Asked Questions (FAQ) :
Mounting disposable income is one of the major market boosters listed in the report. Also, IPS displays can be used in mid-range to high-range smartphones, therefore the rising sales of smartphones all over the world can benefit the market.
The main applications of IPS display are smartphone & tablet, TVs, PCs, and others.
The types of IPS displays are e-IPS, AH-IPS, and others.
Asia Pacific was recognized as the most lucrative market in 2018.
Many of the prominent vendors are innovating and investing significantly in research and development to offer their customer base an affordable and a more appealing product portfolio. In recent years, the market has noted increasing mergers and acquisitions among the companies, a strategy that helps them solidify their position across the globe.