- Amorphous IGZO
- Crystalline IGZO
Indium Gallium Zinc Oxide Display Market size was valued at USD 1,822.4 million in 2022 and is expected to reach USD 2,655.8 by 2029, growing at a 10.4% CAGR from 2023 to 2029. IGZO stands for Indium, Gallium, and Zinc Oxide, A digital semiconductor technology uses material to provide touchscreens to enable high-definition display, high-power consumption, and high touch sensitivity. This technology was developed in Japan and licensed by companies such as Sharp and Samsung. The benefits of using IGZO include low power consumption and highly defined display in TV, monitor, computers, wearable device, laptops, and others are the major factor that drives the market growth.
The rise in demand for highly sensitive and easy touch technology in smartphones, and tablets has increased owing to accelerated market growth, continuously developing high-resolution displays creates various opportunities in the IGZO display market. The high reactivity of oxygen increases susceptibility to very low voltage sensitivity resulting in operation disruption which is the major restraints in the market. Regionally, North America held the major market share in 2022 and is expected to dominate the market due to the high demand for resolution displays for better image quality and easy replacement also the presence of global players in the region.
Fastest Growing Market
The increasing technological advancement in high-quality screens and images across the world is the major market driver in the IGZO Display Market during the forecast period. The high-definition display provides high-quality images on the screen which accelerates the market growth, increases modernization in the display, and raises the demand for IGZO displays over the OLED display. The emerging economics and digitalization in education, healthcare, government, buildings, and construction raise the demand for IGZO displays across the world. These factors will drive the global market growth at a significant rate.
The indium gallium zinc oxide display market size was valued at USD 1,822.4 million in 2022 and is expected to reach USD 2,655.8 by 2029, growing at a 10.4% CAGR from 2023 to 2029.
The leading players in the IGZO Display Market are Apple Inc., Sony Corporation, FUJITSU, Asustek Computer Inc., AU Optronics Corp, SAMSUNG, LG Electronics, Sharp Corporation, AU Optronics, and American Elements
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and the forecast presented from 2023 to 2029.