Asia-Pacific COVID-19 Impact on Display Panel Market: 2025 Outlook & Forecast to 2035
The Asia-Pacific display panel market has undergone significant transformation as a result of the COVID-19 pandemic. Supply chain disruptions and demand shifts have encouraged rapid innovation and investment in advanced display technologies. As the region recovers, heightened focus on healthcare digitization, home entertainment, and hybrid work has driven the adoption of various display types across consumer electronics, automotive, and medical devices. Market participants are leveraging new distribution channels and technologies to cater to diverse applications and user needs. By 2025, the market is expected to reach approximately USD 34,000 Million, with robust compound growth anticipated through 2035 as consumer preferences and technology standards continue to evolve.
Latest Market Dynamics
Key Drivers
Surging demand for consumer electronics like smartphones, tablets, and smart TVs has significantly boosted the adoption of advanced display panels.
, for instance, accelerated OLED production in 2024 to meet rising orders from leading mobile and TV brands.
Recovery of the automotive sector has led to increased integration of display panels in digital instrument clusters and infotainment systems. LG Display introduced new automotive OLED panels in 2024 for high-end vehicle dashboards, enhancing market growth.
Key Trends
Rapid adoption of OLED and Quantum Dot (QLED) technologies is reshaping product portfolios. Samsung Electronics expanded its QD-OLED offerings in early 2024, targeting premium segments and reinforcing its innovation leadership.
Proliferation of large format and curved displays for home entertainment and gaming is gaining momentum. TCL Technology launched a new series of 8K curved LED TVs in May 2024 that cater to immersive gaming and viewing experiences.
Key Opportunities
Expansion of remote and hybrid work environments is creating opportunities for manufacturers providing specialized monitors and conferencing displays. Samsung Electronics introduced dedicated videoconferencing display solutions through its B2B channel in July 2024.
Digital healthcare and telemedicine adoption is increasing demand for high-resolution medical displays. Panasonic Corporation launched a new line of medical-grade 4K panels in June 2024 designed for hospitals and remote diagnostics.
Key Challenges
Global semiconductor shortages and supply chain disruptions have continued to delay panel production, affecting order fulfillment. Japan Display Inc. reported extended lead times for OLED modules due to chip constraints in Q2 2024.
Strong competition from low-cost manufacturers in emerging Asia-Pacific economies is squeezing margins for established players. AU Optronics is responding by shifting focus to value-added premium displays and restructuring local manufacturing.
Key Restraints
Volatility in raw material prices, especially for rare earth elements and specialty glass, is impacting overall production costs. Innolux Corporation projected a 12% increase in input costs for 2025.
Stringent environmental and recycling regulations in countries like Japan and South Korea are raising compliance costs. Sharp Corporation invested in eco-friendly display production processes in March 2024 to mitigate regulatory risks.
In 2025, LCD panels remain the dominant type in the Asia-Pacific market, accounting for 45% of revenue share. OLED panels continue to gain traction driven by superior contrast and energy efficiency, commanding 28% share. LED, including Mini-LED and QLED variants, hold 20% share, supported by innovations in TV and gaming monitors. Plasma and other legacy types now represent a minor segment at 7%, reflecting consumers' clear preference for newer technologies. The market landscape shows the growing penetration of OLED and quantum dot technologies, fueled by investments from Samsung, LG, and Chinese manufacturers targeting premium usage segments and high-end consumer electronics.
Consumer electronics dominate the Asia-Pacific display panel market by application, commanding 56% of the total share in 2025, reflecting pervasive panel integration in smartphones, TVs, and tablets. Automotive applications constitute 15%, underscoring the rapid adaptation of digital dashboards and infotainment screens. Healthcare holds 9%, driven by telemedicine growth and hospital digitization. Industrial, retail, and other segments collectively make up 20%, with digital signage and industrial automation as key contributors. The chart highlights shifting consumer and commercial needs, with significant tailwinds in both automotive and healthcare spurring further diversification of display panel applications in the region.
The Asia-Pacific display panel market exhibited a robust recovery post-pandemic, with revenues increasing steadily from USD 28,600 Million in 2020 to around USD 34,000 Million in 2025. Sustained innovation in OLED, QLED, and MicroLED panels is projected to further propel revenues to nearly USD 52,500 Million by 2035. Key growth is concentrated in China, South Korea, and Japan, reflecting both rising domestic consumption and expanded manufacturing capacities. This trend is expected to continue as new applications emerge and technology adoption deepens across the region’s consumer electronics, automotive, and healthcare sectors.
Year-on-year growth of the Asia-Pacific display panel market averaged 5.4% between 2020 and 2025, driven by pent-up demand after COVID-19 lockdowns. The market is expected to maintain a stable CAGR of about 4.8% between 2025 and 2030 as innovation in display technologies and rising adoption in automotive and healthcare sectors stimulate incremental gains. Moderate tapering is expected post-2030, with YOY growth projected at 3.5% by 2035 as market saturation begins, especially in mature consumer electronics segments.
China continues to lead the Asia-Pacific display panel market in 2025, commanding a substantial 48% share due to vast manufacturing infrastructure and domestic consumption. South Korea holds 20%, supported by major OEMs like Samsung and LG, while Japan accounts for 12% with its focus on high-end and automotive displays. The rest of APAC, including Taiwan, Vietnam, and India, represents 20%, signaling emerging manufacturing hubs and expanding domestic markets. This distribution underscores China’s pivotal role and the growing significance of ASEAN and South Asian economies in global display supply chains.
Samsung Electronics leads the Asia-Pacific display panel market in 2025, capturing 21% share, followed by LG Display with 15% and BOE Technology Group at 13%. AU Optronics, Innolux, and Sharp collectively account for another 18%, while other players like Visionox, CSOT, and Panasonic share the remaining 33%. The chart reflects a competitive landscape with increasing influence from Chinese and Taiwanese manufacturers, while established South Korean and Japanese firms consolidate their focus on high-tech and value-added product offerings.
By 2025, consumer electronics manufacturers remain the largest buyers of display panels in Asia-Pacific, commanding 60% market share as devices like smartphones and televisions drive bulk procurement. Automotive OEMs make up 13%, reflecting increasing digitization in vehicles. The healthcare sector, propelled by remote diagnostics and telemedicine, enshrines 8% share, while other industries, including industrial automation and retail, combine for 19%. This buyer profile showcases the perennial dominance of consumer electronics while also highlighting the fast-rising influence of automotive and healthcare in shaping demand for next-gen display panels.
Study Coverage
Metrics
Details
Years
2020-2035
Base Year
2025
Market Size
Revenue (USD Million)
Regions
China, India, Japan, Taiwan, Vietnam, Philippines, Singapore, Australia, South Korea, Rest of APAC
Segments
By Type (LCD, LED, OLED, QLED, Plasma, Others), By Application (Consumer Electronics, Automotive, Healthcare, Industrial, Retail, Others), By Distribution Channels (Online, Offline, Distributors, Wholesalers, Direct Sales, Others), By Technology (Active Matrix, Passive Matrix, Quantum Dot, E-Paper, MicroLED, Others), By Organization Size (Small, Medium, Large)
June 2024: Samsung Electronics announced mass production of its new QD-OLED display panels targeting premium TV and monitor segments.
July 2024: LG Display unveiled next-generation automotive pOLED panels for global vehicle OEMs at the Asia Automotive Tech Show.
August 2024: TCL Technology launched a flagship 110-inch 8K Mini-LED TV series, expanding its home entertainment lineup.
June 2024: Panasonic Corporation introduced a range of medical-grade 4K display panels for diagnostic and surgical applications.
July 2024: BOE Technology Group started volume production of flexible OLED displays tailored for foldable smartphones and tablets.
Frequently Asked Questions
About the Author
Mike
Lead Industry Analyst
Mike is a Lead Industry Analyst specializing in market research, industry analysis, and business consulting across Semiconductor & Electronics. Mike brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Mike has helped organizations translate data into actionable growth strategies.
