Unveiling the Future: OLED and LED Technologies in Embedded Display Market

The Embedded Display Market is expected to develop significantly over the next several years, from its anticipated value of USD 17.7 billion in 2020 to USD 24.4 billion by 2025. This is a strong compound annual growth rate (CAGR) of 6.9%.

The growth of this industry is credited to improvements in display technologies including OLED, LED, and LCD. One major motivating factor is the growing integration of embedded displays into a wider range of devices, such as wearables, home automation systems, fitness equipment, automotive displays, and HVAC systems. The COVID-19 epidemic is another obstacle that the market is negotiating, but robust growth is anticipated as a result of the growing need for integrated displays across a range of applications and geographical areas.

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Embedded Display Market

Propelled by developments in integrated display interface technology and a spike in automation use across multiple industries—notably amplified by the hurdles posed by COVID-19—the embedded display market is seeing significant expansion. The need for digital signage and interactive displays is rising globally, which is driving the market's rise. The embedded display market is poised for steady expansion as more industries adopt automation solutions and as the demand for complex display interfaces rises.

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The portable device segment to register higher CAGR during the forecast period

The embedded display market's portable devices category is expected to develop at a higher Compound Annual expansion Rate (CAGR) throughout the forecast period, suggesting significant expansion ahead. The numerous advantages of portable devices, such as multi-touch panel options that improve handling and interactivity, are what are fueling this expansion. Applications for portable devices can be found in many different industries, including wearables, medical gadgets, smart displays, point of sale (POS) machines, Human Machine Interface (HMI), and display monitors. Moreover, in the upcoming years, it is expected that the growing commercialization of the Internet of Things (IoT) will increase demand for portable electronics.

The increase in consumer demand for electric, hybrid, and semi-autonomous vehicles to drive demand for automobile displays

By 2025, the embedded display market is expected to be dominated by the automotive displays segment. The market for embedded screens in automobiles is heavily influenced by the growing customer desire for electric, hybrid, and semi-autonomous vehicles, which is the reason for this dominance. Automakers are putting a lot of effort into giving consumers an easy-to-use driving experience by adding digital automotive networking capabilities to their cars. The market for automotive displays, which include head-up displays (HUD), navigation systems, digital instrument clusters, central stack systems, and rear-seat entertainment screens, is anticipated to grow as a result of this increase in demand.

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North America is projected to hold largest share of embedded display market in 2025

North America is expected to lead the embedded display market by 2025, mainly due to the growing need for automation in supply chain, manufacturing, and assembly processes across a range of industries. The region's emphasis on improving operational efficiency is projected to drive a boom in the adoption of smart systems with embedded screens in various applications. In addition, the rising demand for smart buildings and houses is driving the growth of the embedded display market in North America and fostering the development of smart cities. These trends are further accelerated by government programmes that encourage the development of smart cities. This creates demand for home automation devices, which in turn propels the growth of the embedded display market in North America.

Avnet, Inc., Ansys, Emerging Display Technologies (EDT), Winstar Display, Alita, Green Hills Software (GHS), Microsoft, Planar Systems, Intel, and Anders Electronics are the key players in the global embedded display market. These players are increasingly undertaking strategies such as product launches and development, expansions, partnerships, collaborations, and acquisitions to increase their market share.

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