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 US$16.9 billion by 2014, out of which the Asia market will account for nearly 42% of the total revenues.
The global market is expected to record a CAGR of 20% from 2009 to 2014, according to the research.
In the next-generation display market, 2D one sided display market is the largest segment; and is expected to reach US$8.4 billion by 2014 at a CAGR of 11.5%. 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% 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 U.S. and Europe makes them the most attractive market for display components and device manufacturers.
For more information on the research, visit http://www.marketsandmarkets.com/Market-Reports/low-power-next-generation-display-market-115.html