LONDON — The global LCD color filters market is expected to post a CAGR of around 1% during the period 2018-2022, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
A key factor driving the growth of the market are the technological developments in LCD displays. The display industry is dynamic in nature as it is characterized by changing consumer behavior. The conventional LCD displays were used in cold cathode fluorescent lamps as a light source. The growing demand for high-resolution displays is driving manufacturers toward next-generation technologies.
This market research report on the global LCD color filters market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the growing popularity of digital signage applications as one of the key trends in the global LCD color filters market:
Global LCD color filters market: Growing popularity of digital signage applications
Digital signage is an effective way of attracting customers into a store and guiding them to different areas that increase the time spent by customers in the store. It has enormous potential to interact directly with customers as customized messages can be displayed to target various customer interests and influence viewer behavior.
“The adoption of digital signage has been increasing because of advantages such as audience engagement, elimination of paper waste, cost-effectiveness, dynamic content control, and targeted content display. These advantages make digital signage a better alternative to other advertising media,” says a senior analyst at Technavio for research on displays.
Global LCD color filters market: Segmentation analysis
This market research report segments the global LCD color filters market by end-user (smartphone manufacturers, TV manufacturers, notebook/laptop and PC manufacturers, and tablet manufacturers) and geography (the Americas, APAC, and EMEA).
The smartphone manufacturers segment held the largest market share in 2017, accounting for nearly 54% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with more than 82% of the market share, followed by the Americas and EMEA respectively. The APAC region will project the highest growth during the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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