Embedded Display Market Growth, Trends, Share, Size - 2030

Coverage: Embedded Display Market covers analysis By Technology (LCD, LED, OLED); Application (Industrial Automation, Fitness Equipment, Scientific Test and Measurement, Wearables, Home Appliances, Others), and Geography.

  • Report Code : TIPRE00006841
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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[Research Report] The embedded display market size is expected to grow from US$ 20.1 billion in 2022 to US$ 32.2 billion by 2030; it is estimated to grow at a CAGR of 6.07% from 2022 to 2030.

The embedded display market forecast is estimated on the basis of various secondary and primary research findings, such as key company publications, association data, and databases.

Analyst Perspective:

In terms of revenue, Europe dominated the embedded display market share. Automation and digitalization have led to increased demand for interactive devices. Embedded displays enable user-device interaction. The integration of touch interfaces and user interfaces (UI) in display modules improves interaction. Embedded displays are widely utilized in various industries, including automotive, transportation, agricultural, construction, healthcare, consumer electronics, building automation and control systems, aerospace and defense, retail, energy, advertising and broadcasting, and education. Embedded screens have evolved with new designs and interfaces. This has resulted in greater demand. Recent advancements in pixel technology have transformed LCD, LED, and OLED display technologies. These technologies have transformed in terms of pixel resolution, operating temperature range, design scalability, durability, power consumption, and energy efficiency. The report includes growth prospects in light of current embedded display market trends and driving factors influencing the market growth.

The automobile industry is seeing an increase in the production of user-specific HMI components and embedded systems at reduced costs, which is driving market demand for embedded displays. For example, in 2022, Elektrobit launched the first automotive grade, embedded, and real-time operating system for Infineon Technologies AG's new AURIX TC4x microcontroller. The system would allow Tier 1s and OEMs to seamlessly create and deploy automotive E/E architectures based on the AUTOSAR Classic standard, hence facilitating the advancement of next-generation vehicles. Moreover, rising demand for 3D displays is driving growth in the embedded display market. The combination of these displays provides superior performance, reduced weight and space, and reduced sensitivity to external conditions such as humidity and vibrations. These benefits are accelerating industry development. Major car firms are using Human-Machine Interface (HMI) and automated operating systems. Moreover, the Europe embedded display market growth is further fueled by the presence of automotive industries in the region.

Market Overview:

The adoption of portable and touch-enabled embedded devices in numerous applications is driving the growth of the embedded display market. Advancements in display technology, including OLED displays, have enabled the manufacturing of transparent screens that can be curved and folded. These reasons have positively impacted the growth of the embedded display industry. Embedded screens are becoming more user-friendly and interactive due to advancements in GUI and OS design. Increasing demand for interactive displays and digital signage and Increased usage of embedded displays in 3D systems are among the factors contributing to the growing embedded display market size.

As industries and houses become more automated, there is an increasing demand for smart embedded devices, including embedded screens in automation systems. Embedded displays are widely used in the consumer electronics industry. This is due to the integration of embedded screens in wearables, game consoles, smart speaker displays, and culinary appliances. The car industry has seen a surge in demand for embedded displays for infotainment, instrument clusters, GPS navigation, and heads-up displays (HUD). The embedded display market analysis has been carried out by considering the following segments: technology and application.

Affordable pricing, compact and lightweight design, reduced connection requirements, single assembly power supply, and data control are the characteristics that will drive embedded display use in the near future. The products are widely used in applications such as automotive displays, wearables, fitness gadgets, HVAC systems, and home automation. The increased demand for software-assisted devices with diverse characteristics, such as Graphical User Interface (GUI), integrated functionalities, and touchscreens, will drive the installation of embedded displays even further. Moreover, factors such as increasing demand for interactive displays and digital signage foster the embedded display market growth. However, an increase in security and privacy concerns impedes the embedded display market growth.

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Embedded Display Market: Strategic Insights

Embedded Display Market

  • CAGR (2023 - 2031)
    6.07%
  • Market Size 2023
    US$ 21.32 Billion
  • Market Size 2031
    US$ 34.16 Billion

Market Dynamics

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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Avnet, Inc.
  • Anders DX
  • Altia Inc.
  • Esterel Technologies SA
  • ENEA AB
  • Green Hills Software Inc.
  • Intel Corporation
  • Microsoft Corporation
  • Multitouch Ltd.
  • Planar Systems Inc.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Technology
  • LCD
  • LED
  • OLED
Application
  • Industrial Automation
  • Fitness Equipment
  • Scientific Test and Measurement
  • Wearables
  • Home Appliances
  • Others
Geography.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Market Driver:

    Increasing Demand for Interactive Displays and Digital Signage Drives Growth of the Embedded Display Market.

    Global adoption of interactive displays and digital signs has surged due to rapid urbanization and rising public investment. Interactive displays and digital signs are essential for many purposes, including branding, promotions, entertainment, and advertisements, for the majority of businesses in the retail, education, BFSI, and entertainment sectors. The increasing popularity of active LED video walls for both indoor and outdoor spaces is another factor fueling demand for interactive displays. Furthermore, these digital signs and interactive display technologies are quite scalable, which makes them adaptable and long-lasting in a variety of settings.

    The popularity of interactive displays has expanded significantly as a result of advancements in LED and micro-LED video wall displays, specifically in the form of pixel-pitch. Displays are now highly interactive, allowing them to integrate with other linked digital devices thanks to the increasing integration of digital technology and digital signage. A further factor in the general need for digital signage across all businesses is the development of sophisticated adjustable digital signage software. Also, the creation of smart display modules and digital signage media players makes it possible for them to store and distribute material via central content management systems (CMS) in addition to making deployment simple. Digital signage and interactive displays for usage in various applications are predicted to be in high demand due to all of these factors, which will also raise the need for embedded displays.

    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Segmental Analysis:

    Based on technology, the embedded display market is segmented into LCD, LED, and OLED. The LED segment held the largest share of the embedded display market in 2022. In contrast, the LCD segment is estimated to register the highest CAGR in the embedded display market during the forecast period. Based on application, the embedded display market is segmented into industrial automation, fitness equipment, scientific test and measurement, wearables, home appliances, and others. The industrial segment held the largest share of the embedded display market in 2022.

    In contrast, the higher automation segment is estimated to register the highest CAGR in the embedded display market during the forecast period.

    The embedded display market is expected to be the largest in the car display sector. The market for automotive integrated displays is predicted to expand favorably due to rising demand for electric, hybrid, and semi-autonomous vehicles. A number of automakers are providing consumers with an improved driving experience by integrating digital automotive networking features into their cars. The need for automotive displays used in central stack systems, HUDs, navigation systems, digital instrument clusters, and rear-seat entertainment screens is predicted to increase as a result. Further, the embedded display market report includes company positioning and concentration to evaluate the performance of players in the market.

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    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    Regional Analysis:

    The region's developed economies—such as Germany, France, and the UK—are well-known as manufacturing and business hubs. They have also seen a rise in factory automation and the adoption of intelligent Internet of things technologies. This has caused the automotive, electronics, aerospace and military, and semiconductor industries throughout Europe to see an increase in the use of Internet of Things (IoT)-connected equipment and devices, including as smart robots, programmable logic controllers (PLC), HMIV, and other industrial automation and control systems.

    The region is home to several top automobile businesses developing sophisticated technologies, including autonomous driving, electrified vehicles, and ADAS, which integrate with embedded processors for various uses. Europe has well-known aerospace and defense solution providers who develop equipment and gadgets for both the government and private sector. These devices use embedded displays for certain purposes and functionalities. The construction business in Europe is thriving thanks to cheap financing rates, rising investment levels, and increased employment. This is likely to increase demand for embedded screens used in construction equipment for numerous purposes.

    The Russia-Ukraine war has resulted in a potential increase in investment in embedded systems for armored military vehicles, which is likely to assist the embedded display market's growth. The growth of defense vehicles has resulted in greater usage of IoT technologies and components, necessitating the employment of appropriate displays to manage and monitor operations. The war may have an impact on the economy and fuel prices in many countries, as well as restrict automobile sales due to fluctuating oil prices. However, the continued development of automobile displays to meet the need for "green" automobiles will provide significant opportunities for the sector, outweighing the global impact.

    Key Player Analysis:

    Players such as Avnet, Inc., Anders OX, Altia Inc., Esterel Technologies SA, ENEA AB, Green Hills Software Inc., Intel Corporation, Microsoft Corporation, Multitouch Ltd., and Planar Systems Inc. are among the prominent players profiled in the embedded display market report. In addition, several other players have been studied and analyzed during the study to get a holistic view of the market and its ecosystem.

    Recent Developments:

    Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the embedded display market. A few recent embedded display market developments are listed below:

    • In June 2020, Planar Systems announced upgrades to its TVF series LED video wall screens. The new 08-millimeter pixel-pitch variant features enhanced power architecture and supports high-resolution video walls. The new model offers superior visual performance and easy installation and maintenance.
    • In March 2020, Ansys established a partnership with Physical Optics Corporation to develop avionics for US military aircraft. The alliance sought to accelerate the certification and development of its products by adding additional functionality at a significantly reduced cost and providing a faster path to market.

    Embedded Display Market Report Scope

    Report Attribute Details
    Market size in 2023 US$ 21.32 Billion
    Market Size by 2031 US$ 34.16 Billion
    Global CAGR (2023 - 2031) 6.07%
    Historical Data 2021-2022
    Forecast period 2024-2031
    Segments Covered By Technology
    • LCD
    • LED
    • OLED
    By Application
    • Industrial Automation
    • Fitness Equipment
    • Scientific Test and Measurement
    • Wearables
    • Home Appliances
    • Others
    By Geography.
    Regions and Countries Covered North America
    • US
    • Canada
    • Mexico
    Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Rest of Europe
    Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
    South and Central America
    • Brazil
    • Argentina
    • Rest of South and Central America
    Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
    Market leaders and key company profiles
  • Avnet, Inc.
  • Anders DX
  • Altia Inc.
  • Esterel Technologies SA
  • ENEA AB
  • Green Hills Software Inc.
  • Intel Corporation
  • Microsoft Corporation
  • Multitouch Ltd.
  • Planar Systems Inc.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Technology, Application, and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1.Avnet, Inc.2.Anders DX3.Altia Inc.4.Esterel Technologies SA5.ENEA AB6.Green Hills Software Inc.7.Intel Corporation8.Microsoft Corporation9.Multitouch Ltd.10.Planar Systems Inc.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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