Global next-gen display market worth $16.9 billion by 2014

WILMINGTON, USA: According to a new market research report, Global Next-Generation Display Market (2009-2014), published by MarketsandMarkets, the total global next-generation display market is expected to be worth $16.9 billion by 2014, out of which the Asia market will account for nearly 42 percent of the total revenues,

The global market is expected to record a CAGR of 20 percent from 2009 to 2014.

Environmental concerns are driving the need for greener and low-power-consuming display systems. Efficient and advanced display systems with enhanced image quality and lower power consumption is the need of the hour.

In the next-generation display market, 2D one sided display market is the largest segment; and is expected to reach $8.4 billion by 2014 at a CAGR of 11.5 percent.

The high market size of 2D one sided display is mainly due to its low power consumption and applicability in wide range of applications such as industrial, advertisement and public information, entertainment and consumer electronics. The touch screen display market is estimated to be $2.3 billion in 2014.

Low labor cost and early initiatives have made Asia the dominant player in the next-generation display market. In 2009, the market share is estimated to be 52 percent with a size of $3.7 billion.

Furthermore, Asia's large LED and OLED supplier-base also helps in making the manufacturing of these displays cost effective.

Europe is expected to have the second-highest market for next-generation displays. However, large consumer base of next-generation display devices in the US and Europe makes them the most attractive market for display components and device manufacturers.