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.
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 DynamicsIncreasing 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 due to their improved contrast, speed, and resolution.
Apple Inc. also uses these displays in their smartphones because of its advantages over the TN panels.Market Segmentation The global market for IPS displays has been segmented based on type and application.Based on type, the global market for IPS displays has been segmented into AH-IPS, e-IPS, and others.Based on application, the global market for IPS displays has been segmented into smartphone & tablet, TVs, PCs, and others.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/8706 Key PlayersMRFR 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.