According to the new market research report , The display panel market is expected to grow from USD 137.7 billion in 2019 to USD 167.7 billion by 2024, at a CAGR of 4.0% from 2019 to 2024. Growing adoption of OLED displays in smartphones and high demand for flexible display panels and rising government support and increasing investments toward the construction of new OLED and LCD panel manufacturing facilities are the major driving factors of display market. However, saturated shipments of display panels for TVs, tablets, and monitors are expected to hamper the growth of the display panel market during the forecast period. Fluctuating average selling price (ASP) of display panels; complex supply chain and manufacturing processes; and high costs associated with new display technology-based products are major challenges faced by display panel manufacturers in the market.
More details of report available at :https://www.marketsandmarkets.com/PressReleases/display.asp