In-plane switching (IPS) displays are type of LCDs with the best color and viewing angles. Its high response rate, low input lag, and contrast ratio are improvements which can drive up the production of IPS displays. The global IPS display market report by Market Research Future (MRFR) contains demand share, revenue trends, and competitive intelligence on the industry for the period of 2019 to 2025 (forecast period). The impact of the COVID-19 pandemic has been taken into account for the report.
Market Scope
The global IPS displays market is estimated to reach USD 74.87 billion by 2025, registering a CAGR of 6.40% during the forecast period. Advantage of IPS displays over twisted nematic (TN) displays of unchanging picture quality can drive the market demand. Advances in technology for supporting professional color space technologies can bode well for the market. Rise of disposable income levels of customers and their penchant for high resolution TV sets can influence the growth trajectory of the market to a great extent. Rise of professionals in media and entertainment, industrial design, and inclusion of IPS in consumer electronics by major companies can favor the market over the forecast period.
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Segmentation of Market: IPS Market
The global IPS display market has been segmented over the segments of type, functionality, and application.
In terms of type, the IPS display market has includes e-IPS, AH-IPS, and others.
In terms of application, the IPS display market opportunity has included TVs, Smartphone & tablet, PCs, and others.
Regional Outlook
The global IPS display market opportunity is estimated to grow at a significant rate during the forecast period in North America, Europe, Asia-Pacific, and the rest of the world.
The Asia-Pacific region acquired the largest market share since 2018 owing to various manufacturing companies that provide IPS display panels in multiple sizes as per applications in the region. The mounting urbanization and rising disposable income among the users in the region are major factors driving the IPS displays market. In fact, the rising population and mounting demand for Smartphones and tablets are also propelling the growth of the market. Giant companies such as Acer Inc. Lenovo Group Limited, AU Optronics, LG Display, and WINSTAR Display Co., Ltd 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 grabbed the largest share in the region in 2018 owing to the rising population and increasing demand for better picture and color quality, which is considered a driving factor for the growth of the market in the region.
Top Market Players
MRFR recognizes the some of the top players in the global IPS Displays market as Acer Inc. (Taiwan), AU Optronics (Taiwan), WINSTAR Display Co., Ltd. (Taiwan), Lenovo Group Limited (China), Samsung Electronics Co., Ltd. (South Korea), LG Display (South Korea), Japan Display (Japan), Sony Corporation (Japan), Dell (US) and Panasonic Corporation (Japan).
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IPS Displays Market Research Report: By Type (AH-IPS, E-IPS, and others), Application (Smartphone & Tablet, TVs, PCs, and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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