Rapid technological advancements in the display market , such as multi-touch LCDs and surface acoustic wave technology, are increasing the rate of obsolescence of products. The products with older technologies fade out quickly and manufacturers find it difficult to provide services for such products. This bodes well for the display market growth; however, decreases the profitability of the OEMs as these companies need to implement the technologically-advanced devices in the systems.
Reducing cost of components has resulted in the declining costs of these devices. With the lowering costs, the end users are widely adopting the solutions with technologically-advanced components. The manufacturers of solutions, such as ATMs and POS, are reducing the total cost of ownership of these devices and preferring the use of low-cost components without compromising on the quality. The declining cost of raw materials is expected to accelerate the growth of display market.
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The display market in kiosk applications is expected to grow significantly owing to the rapid adoption of kiosks in applications such as ticketing, self-checkout, and ordering food. Large retailers in countries such as the U.S., the UK, Australia, and Germany are increasingly adopting the self-checkout kiosks to enhance efficiency, save customer time, and improve operational profits. The trend of self-checkout kiosks is penetrating in other retail segments such as departmental stores, small convenience stores, and specialty retailers. Ease-of-use and swiftness of operations are the key factors driving the demand for self-checkout kiosks. This is projected to propel the industry growth in kiosk applications over the forecast timespan.
Display Market is projected to exceed USD 20 billion by 2024. The rapid proliferation of devices such as smart ATMs, intelligent interactive kiosks, and NFC-enabled POS systems is expected to propel the display market growth over the next seven years. The deployment of smart ATMs is increasing significantly over the past few years, particularly in developing economies, owing to the access to enhanced banking services these machines provide. With increasing deployment of these devices, the demand for advanced screens is also increasing, thus aiding the industry growth.
Asia Pacific display market is expected to grow significantly owing to the increasing number of display manufacturers in the region. Increasing manufacturers in the region have increased the cost-competitiveness among the players, which has resulted in the manufacture of low-cost components. Furthermore, the region is characterized by the increasing deployment of ATMs, POS terminals, and kiosks, thus increasing the demand for displays.
Some of the key vendors in the display market include Fujitsu Limited, Pax Technology, Inc., NCR Corporation, TCL Displays, Epson America, Inc., Posiflex Technology, Inc., Diebold Nixdorf, Inc., Fametech, Inc., Displax SA, Topfoison Electronic Technology Co., Ltd., and Ingenico Group. The industry is exceedingly competitive with the presence of a large number of global and regional players. The manufacturers differentiate their products based on cost, quality, and technology. For instance, 3M has developed multi-touch projected capacitive (PCAP) displays with multi-touch and ultra-fast response.
Charts & Figures
FIG. 1 Industry segmentation
FIG. 2 Global display market, 2013 – 2024 (USD Million)
FIG. 3 Industry ecosystem analysis
FIG. 4 Growth potential analysis
FIG. 5 Porter’s analysis
FIG. 6 Competitive landscape, 2016
FIG. 7 PESTEL analysis
FIG. 8 SWOT analysis, 3M Company
FIG. 9 SWOT analysis, Advantech Co. Ltd.
FIG. 10 SWOT analysis, Aplus Display Technology Co. Ltd.
FIG. 11 SWOT analysis, Diebold Nixdorf, Inc.
FIG. 12 SWOT analysis, Displax SA
FIG. 13 SWOT analysis, Epson America, Inc.
FIG. 14 SWOT analysis, Fametech, Inc.
FIG. 15 SWOT analysis, Fujitsu Ltd.
FIG. 16 SWOT analysis, Hewlett- Packard Development Company, L.P
FIG. 17 SWOT analysis, Ingenico Group
FIG. 18 SWOT analysis, Legacy Inc.
FIG. 19 SWOT analysis, Ls Retail Ehf
FIG. 20 SWOT analysis, NCR Corporation
FIG. 21 SWOT analysis, NEC Corporation
FIG. 22 SWOT analysis, Groupe Nexio Inc.
FIG. 23 SWOT analysis, Partner Tech Corp
FIG. 24 SWOT analysis, Pax Technology, Inc.
FIG. 25 SWOT analysis, Posiflex Technology Inc.
FIG. 26 SWOT analysis, Samsung Electronics Co., Ltd.
FIG. 27 SWOT analysis, Toshiba Corporation
FIG. 28 SWOT analysis, Triton Systems of Delaware, LLC
FIG. 29 SWOT analysis, Visiontek Products, LLC
FIG. 30 SWOT analysis, Zytronic PLC
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