- 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.
Indium Gallium Zinc Oxide Display Market Key Developments:
- In August 2022, Sharp Electronics Corporation Device Division (SECD) announced its new Reflective IGZO (R-IGZO) 5.0-inch Class (diagonal) display for handheld applications. The 5.0-inch R-IGZO portrait-mode display is ideal for battery-powered, handheld products that require full color and high-resolution performance in bright outdoor environments.
- In July 2021, Green House Gaming announced a 27-inch gaming monitor with IGZO technology, which allows for lower power consumption (this panel is rated for 65 W max consumption), lower response times, and increased pixel density. The new panel features a 165 Hz refresh rate, 2560×1440 resolution, HDR, and adaptive sync support. It can also be rotated 90 degrees on its height-adjustable stand.
Indium Gallium Zinc Oxide Display Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
10.4%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Indium Gallium Zinc Oxide Display Market Dynamics
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.
Asia-Pacific Got Significant Share Of
Indium Gallium Zinc Oxide Display Market Region Analysis
The IGZO Display Market in the Asia Pacific region hold a significant market share in 2022, it is predicted that as an increase in the economics and rising trend for digitalization in the region will increase the demand, government initiatives towards technological advancement in various fields such as online learning, digital library, 3D modeling, and others owning to dominate the market in forecast years. China and India are emerging markets for semiconductor usage as a rise in the economy and propelling government regulations will result in significant growth in the market. Japan is dominating IGZO display due to large investments in research and development in semiconductors by the major global players. North America holds the major market share in the global market and is expected to dominate the market in the upcoming years due to adopting various technology, demand for high resolutions display for better image quality and maximum innovative advancement increased the market growth in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario.
Indium Gallium Zinc Oxide Display Market Segmentation
By Forms
By Application
- Monitor
- Tablet
- Computers
- Television
- Wearable Device
- Others
By End User
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
Frequently Asked Questions
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.
- Apple Inc.
- Sony Corporation
- Fujitsu
- Asustek Computer Inc
- AU Optronics Corp
- SAMSUNG
- LG Electronics
- Sharp Corporation
- AU Optronics
- American Elements