Inception of new technologies such as 3G, 4G, and 5G across the telecommunications sector and easy accessibility of Wi-Fi as well as Li-Fi connectivity across myriad business is likely to generate demand for electronic display market. With new trends dominating the digital signage, automation, and consumer electronics sectors, electronic display devices are likely to gain more traction across these sectors.
The applications of electronic display such as OLED are more prominently witnessed in mobiles, televisions, computer screens, personal digital assistants, and handheld game consoles. Similarly, LED is widely used in vehicle headlamps, medical equipment, general lighting, lighted wallpaper, and advertising. This, in turn, is anticipated to augment the growth of electronic display industry over the years to come.
Thriving iPhone and Smartphone industries has created an escalating demand for high-resolution screen displays, thereby further driving the growth of electronic display market. However, with strict implementation of legislations by global authorities such as WEEE and RoHS for restricting the proportion of e-waste can adversely impact the growth of electronic display market in the future.
With low maintenance costs as compared to more conventional type of display devices such as paper & galvanometers, electronic displays have found prominent applications in day-today life. Furthermore, growing popularity of wearable equipment and flexible display devices is likely to open new vistas for electronic display market in the next few years.
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Large-scale applications of flexible liquid crystal displays as well as OLEDs in electric cars are likely to further impel the business trends. Nevertheless, the burgeoning manufacturing costs of advanced components of the electronic displays is likely to impede the business growth. Electronics display devices exhibit beneficial features such as high-display quality, cost-effectiveness, improved interactivity, best-fit size, and power efficiency. This, is likely to exponentially spur the growth of electronic display industry over the next few years.