Analysis of Graphic LCD Modules market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
As advancements in display technology is witnessed, a corresponding continuous introduction of advanced display solutions, such as LCD, LED, OLED etc., has also been witnessed in the market. And owing to the increasing disposable income and customer expenditure, a considerable traction of the same is witnessed across the globe. However, a demand for inexpensive (comparatively), and flexible and manually controlled display solutions, for applications across various industry verticals, was also witnessed in the market. This demand has, thus, been a factor responsible for the accelerating growth of various other display solution markets such as graphic LCD modules.
Graphic LCD modules are displays which enables a user to individually control each display pixel and to display both text and pictures simultaneously. Graphic LCD modules are ideally used in video games, mobile phones, elevator displays, GPS, fish finders, POS systems, medical devices etc. and at places that require monochrome or multi-colored graphic displays. Graphic LCD modules are available in various ranges of sizes and resolution in the market and has its applications on the basis of the same.
Graphic LCD modules market has witnessed considerable traction in the past four years, in terms of value, and, is expected to exhibit a regular growth rate, during the forecast period.
One of the primary factors driving the graphic LCD modules demand is the increasing disposable income and consumer expenditure globally, especially in developing countries such as India, China, Brazil, etc. Besides this, increasing adoption of consumer electronic devices making use of graphic LCD modules is also expected to be an impelling factor for the growth of the global graphic LCD modules market, in terms of value. The rate of growth in the forecast period, is expected to be lower than that witnessed in the past decade. However, the low cost associated with the same is another factor supplementing the adoption of graphic LCD modules, in the display market.
However, introduction of advanced display solutions in the market poses a competition to graphic LCD module, which as a result, is expected to restrain the global graphic LCD module market.
Some of the key players in the graphic LCD modules market are
By geography, the Graphic LCD Modules market can be segmented into North America Graphic LCD Modules market, Latin America Graphic LCD Modules market, Western Europe Graphic LCD Modules market, Eastern Europe Graphic LCD Modules market, China Graphic LCD Modules market, Japan Graphic LCD Modules market, SEA and others in Asia Pacific Graphic LCD Modules market, and Middle East & Africa Graphic LCD Modules market.
Among these regions, North America is expected to dominate the global graphic LCD modules market during the forecast period. Asia Pacific and Europe are expected to follow North America in the global Graphic LCD Modules market, in terms of revenue. China Graphic LCD Modules market is, however, expected to exhibit the highest growth rate during the forecast period. Besides this, Latin America and MEA are also expected to witness a considerable growth rate during the forecast period.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Global graphic LCD modules market can be segmented on the basis of backlight type, technology, type, industry vertical, and region.
On the basis of backlight type, the graphic LCD modules market can be segmented as:
Owing to the increasing demand and production of LED based graphic LCD module backlight, the same segment is expected to hold the majority share of the global graphic LCD modules market.
On the basis of technology, the graphic LCD modules market can be segmented as:
On the basis of type, the graphic LCD modules market can be segmented as:
On the basis of industry vertical, the graphic LCD modules market can be segmented as:
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Increasing disposable income and rising expenditure on lifestyle are estimated to increase the sales of graphic LCD modules.
North America is anticipated to dominate the global market for graphic LCD modules.
AZ Display Inc., Microtips Technology, Orient Display Limited, WINSTAR Display Co., Ltd., and Vitel Display Co., Ltd. are leading suppliers of graphic LCD modules.
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