Electronic Display Devices Market to grow by USD 47.7 Billion from 2024-2028

The Global Electronic Display Devices Market size is estimated to grow by USD 47.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.1% during the forecast period. New electronic display devices launches is driving market growth, with a trend towards innovation in display technology.

The electronic display devices market is experiencing a notable evolution due to technological innovations, with quantum dot (QD) technology being a key driver. This technology is revolutionizing both the display and lighting sectors by offering customizable color emission and enhanced brightness, resulting in high-quality visuals and energy-efficient illumination. QD technology addresses critical challenges related to color accuracy and brightness, as traditional displays can struggle to maintain color fidelity at higher brightness levels.

Companies like Samsung have incorporated this technology into their light-emitting diode (LED) displays, enhancing luminous efficiency and ensuring exceptional color purity. With a narrow emission linewidth (<30 nm compared to >60 nm for traditional LEDs), QDs significantly improve color purity, enabling high-fidelity color reproduction, especially important for next-generation display technologies. QD technology increases the color gamut on liquid-crystal displays (LCDs) by up to 50%, resulting in more saturated and vivid colors.

The adoption of quantum dot technology is a significant trend in the electronic display devices market, driving improvements in display performance and setting new industry standards. At events like ISE 2024, companies showcased their latest advancements, pushing the boundaries of display technology. This technology's benefits, including enhanced color accuracy, brightness, and energy efficiency, are transforming the market and setting new benchmarks for display performance, ensuring continued growth during the forecast period.