According to the new market research report on the "COVID-19 Impact on Display Panel Market by Product (PC Monitors, Tablets, Smartphones, Wearables, Automotive Displays, TVs, and Large Screen), Industry, and Region - Global Forecast to 2025", Post-COVID-19, the global display panel market is projected to grow from USD 107.0 billion in 2020 to reach USD 152.0 billion by 2025, at a CAGR of 7.3%.
The estimation for 2020 is down by ~26% compared to the pre-COVID-19 estimate.
Factors that drive the growth of the post-COVID-19 display panel market include the growing acceptance of the work-from-home norm, rising focus of regional financial institutions to design fiscal policies for keeping the display market floating during the COVID-19 crisis, shifting manufacturing units to less affected regions, increasing demand for 4K and 8K displays with the availability of UHD content, surging adoption of OLED displays in smartphones and rising demand for flexible display panels, increasing investments for the construction of new OLED and LCD panel manufacturing facilities.
The booming automotive displays industry and increasing focus on the development of energy-efficient, attractive, and high-end-specification display products using advanced technologies such as OLED and AMOLED are the other key factors that foster the demand for display panels.
Browse 4 market data Tables and 52 Figures spread through 120 Pages and in-depth TOC on "COVID-19 Impact on Display Panel Market - Global Forecast to 2025" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203916699 Demand for PC monitors and tablets would increase amidst pandemic crisis during forecast period The display panel industry for PCs, monitors, and tablets is expected to grow at a high CAGR from 2020 to 2025.
An increase in working from home and online activities meant a rise in demand for products such as monitors, laptops, and tablets.