Display Glass Market Report, By Type (Flat Display Glass, Curved Display Glass, Flexible Display Glass, Foldable Display Glass); Application (Consumer Electronics, Automotive Displays, Medical Displays, Industrial Displays); Coating Type (Anti-Glare Coating, Anti-Reflective Coating, Oleophobic Coating, Scratch-Resistant Coating); Technology (LCD, OLED, MicroLED, Quantum Dot Display); and Regions 2024-2032

Market Overview:

"The display glass market was valued at US$ 7.2 Billion in 2023, and is expected to register a CAGR of 7.1% over the forecast period and reach US$ 13.4 Billion in 2032."

Report Attributes	Details
Base Year	2023
Forecast Years	2024-2032
Historical Years	2021-2023
Display Glass Market Growth Rate (2024-2032)	7.1%

Display glass includes Thin-Film-Transistors (TFTs), Liquid Crystal Displays (LCDs), and Organic Light Emitting Diodes (OLEDs), and are used in Televisions (TVs), smartphones, laptops, tablet devices, and other devices comprising a digital screen or display.  The display is the visual component beneath the glass, and the glass serves as a protective barrier as well as enhances the visual quality of images of visual content being displayed. Display glass is made from silicon oxide and boron oxide, and the glass can be easily machined or finished with lasers, and offer excellent chemical resistance. In addition, the material used for device displays have a low coefficient of thermal expansion and have capability of resisting high temperatures.

Demand for display glass is substantially high as a result of high usage in end-use industries to manufacture various products including digital displays, screens, laptops, mobile phones, tablet devices, TVs, monitoring equipment displays, and monitor screens among others. Display panels and screens, such as LCDs comprise a number of stacked layers, and include polarizer, color filter, and liquid crystal layer, and the glass substrate is the most crucial component among these. Rising demand for various electronic devices with displays and need for more high-resolution, image quality, color accuracy, brightness, and durability, and rapid technological advancements and innovations in various devices are key factors expected to continue to support revenue growth of the global display glass market.

Display Glass Market Trends and Drivers:

Rising demand for devices such as smartphones, monitors, displays, smartwatches, laptops, and others, is a key factor driving market growth. Another major factor, is the steady shift towards digital dashboard display systems, advanced screens in vehicle infotainment systems, and steady traction of the Internet of Things (IoT) and smart home technologies and appliances are driving demand for display glass for various automation solutions, interactive products, devices, and components.

Technological advancements and innovations in materials is resulting in the emergence of newer products for devices and displays, including anti-glare and anti-reflective coatings and other advanced products in the market. Introduction of new medical devices, monitors, and equipment in the healthcare sector and medical and diagnostics fields, where displays and screens are crucial for accurate and high resolution imaging and expanding healthcare infrastructure and services globally, are also driving market revenue growth.

Interactive displays and screens have been playing a crucial role in the retail sector, and have been playing a major role in enabling advertising and visibility of products and driving consumer interaction and engagement, and the trend has gained substantial traction more recently. Foldable displays have also been gaining preference across end-uses and among consumers, and flexibility of these components has been opening newer possibilities in the devices and display manufacturing industry.  Traction of Artificial Reality (AR) and Virtual Reality (VR) technologies has been driving need for more advanced display glass technologies to deliver more engaging and immersive user experiences.  

Display Glass Market Restraining Factors:

Cost is a major factor in the display glass market, as production can be significantly high due to advanced manufacturing processes and raw materials required, all of which result in high cost of end-product. In addition, factors such as constant evolution in the electronics device industry as a result of rapid technological advancements and innovation drives need to change display technology or makes existing products, designs, and components obsolete rather quickly. These factors make consumers hesitate to invest in devices with display glass and instead a sizable base may wait for the emergence of more advanced display options entering the market.

Another key factor having a negative impact on the market is supply chain disruptions, caused by events such as civil war or conflict in certain countries and regions, low availability of materials for producing display screens, disruption of manufacturing and production schedules, and others. Regulatory and safety concerns can also have a significantly negative impact on growth of the market. Stringent regulations on use of certain chemicals and materials and some manufacturing processes does impact on flexibility to manufacture or innovate. For example, safety norms for manufacturers to use specific materials and approaches to produce non-toxic and shatter-proof display glass can result in increased complexity and cost of production.

Another major factor that is having a negative impact on potential growth of the market is availability of alternative and substitute materials for displays. For instance, availability of technologies such as microLEDs and miniLEDs can offer superior performance in some aspects compared to display glass. Emergence of such technologies and alternatives is resulting in shift in demand and use, thereby restraining market growth to some extent.  

Display Glass Market Player Opportunities:

Companies can invest in R&D to develop more advanced glass-based display technologies and explore expansion of applications of flexible, foldable, and transparent displays for a wider number of end-use segments. This approach and favorable outcomes can enable companies to meet needs of emerging applications and devices and equipment, as well as consumer electronics, automotive, and wearables. Entering into strategic partnerships and agreements with technology companies and device manufacturers can enable integration of display glass offered by manufacturers into cutting-edge and sophisticated electronics. Such an approach will enable entry into new markets and accessibility to wider consumer base, especially to address needs in the rapidly growing AR and VR sectors.

Diversification of product offerings through expansion into smart display and IoT applications can also open up new revenue opportunities for companies with interest to develop display glass for smart home devices, connected appliances, and interactive displays for application in retail and hospitality sectors. Developing specialized and high-quality displays for use in the medical field for monitors and diagnostic equipment can enable entry into new market segments.    

Display Glass Market Segmentation:

By Type

• Flat Display Glass
• Curved Display Glass
• Flexible Display Glass
• Foldable Display Glass

The flat display glass segment among the type segment is expected to account for the largest revenue share in the global display glass market. This can be attributed to wide usage in consumer electronics such as smartphones, tablets, laptops, and televisions, and high demand for these products worldwide. Flat display glass offers durability and clarity of images, making this type ideal for a range of applications. Also, lower production costs compared to newer technologies such as foldable and flexible glass contribute to higher demand and preference.

By Application

• Consumer Electronics

• Smartphones
• Tablets
• Laptops
• Televisions
• Wearables

• Automotive Displays

• Infotainment Systems
• Digital Instrument Clusters

• Medical Displays

• Monitors
• Diagnostic Equipment

• Industrial Displays

• Control Rooms
• Production Lines

Among the application segments, the consumer electronics segment is expected to account for the largest revenue share in the global display glass market. This can be attributed to continuously rising demand for smartphones, tablets, laptops, and televisions worldwide. Technological advancements are also resulting number of consumers preferring devices with high-quality displays, and this factor is driving demand for superior display glass. Gaming, streaming, and work-from-home trends are also supporting demand for advanced displays, and these factors are expected to continue to have a positive impact on revenue growth of the consumer electronics segment over the forecast period.

By Coating Type

• Anti-Glare Coating
• Anti-Reflective Coating
• Oleophobic Coating
• Scratch-Resistant Coating

Among the coating type segments, the anti-glare coating segment is expected to account for the largest revenue share, and this can be attributed to high demand for anti-glare coatings due to ability to enhance visibility by reducing reflections and glare, improving user experience, especially in outdoor or bright light conditions. These attributes are particularly important for smartphones, tablets, laptops, and other devices, which are frequently used on the go, and increasing popularity of outdoor activities, remote work trend, and need for more durable mobile devices and displays and screens are key factors driving demand for display glass with anti-glare coatings.

By Technology

• LCD (Liquid Crystal Display)
• OLED (Organic Light-Emitting Diode)
• MicroLED
• Quantum Dot Display

Among the technology segments, the liquid crystal display segment is expected to account for the largest revenue share. LCD technology remains dominant due to its cost-effectiveness, energy efficiency, and wide application across various devices, including smartphones, laptops, and televisions. This technology enables production of high-resolution displays with reliable performance, making it a preferred choice for manufacturers and consumers alike. Despite emerging technologies, LCD continues to be a mainstream option due to its established market presence and production scalability.

By Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Italy
• Spain
• Russia
• Poland
• Benelux
• Nordic
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• ASEAN
• Australia & New Zealand
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Argentina

Middle East & Africa

• Saudi Arabia
• South Africa
• United Arab Emirates
• Israel
• Rest of MEA

The global display glass market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Market scenarios vary significantly due to differences in demand and supply, adoption rates, preferences, applications, and cost across the regional markets. Among these regional markets, Asia Pacific leads in terms of revenue share and demand and production volume, driven by major economies such as China, Japan, and South Korea. These countries are base to some of the world's largest manufacturers of electronic devices and display glass, and factors such as advanced production capabilities, strong supply chains, and high demand for consumer electronics contribute significantly to Asia Pacific market leading among the other regional markets. North America is also a major market for display glass, with the United States (US) accounting for a significantly larger share than other countries in the region. The US has a robust technology sector and registers a high adoption rate for new electronic devices. Innovations and investments in research and development are also some key factors supporting revenue growth of the market in the region. Europe display glass market revenue growth is supported by contribution from Germany and the United Kingdom (UK), and benefits of having advanced manufacturing and research capabilities, particularly in the automotive and medical sectors, have a major impact on market growth.

Leading Companies in Display Glass Market & Competitive Landscape:

The competitive landscape in the global display glass market is characterized by intense competition among leading manufacturers seeking to leverage maximum market share. Major companies are focused on innovation and differentiation and compete on factors such as product quality, technological advancements, and cost-effectiveness to meet the evolving demands of consumers across various sectors. Some key strategies adopted by leading companies include investing significantly in Research and Development (R&D) to create advanced display technologies such as flexible, foldable, and transparent displays. In addition, companies focus on improving durability, energy efficiency, and optical properties of display glass, and maintain their market position by steady expansion of their consumer base. Companies also engage in strategic partnerships and collaborations with technology firms and device manufacturers, which allows them to integrate their display glass with cutting-edge electronics and enter new markets. Moreover, companies are emphasizing on sustainable practices by exploring eco-friendly materials and production processes to appeal to environmentally conscious consumers and align with global sustainability goals.

These companies include:

• Corning Inc.
• AGC Inc.
• SCHOTT AG
• Nippon Electric Glass Co., Ltd.
• Asahi Glass Co. Ltd. (AGC)
• Guardian Industries Corp.
• Pilkington (NSG Group)
• Saint-Gobain S.A.
• Fuyao Glass Industry Group Co., Ltd.
• HOYA Corporation
• CSG Holding Co., Ltd.
• Irico Group Corporation
• Xinyi Glass Holdings Limited
• Taiwan Glass Ind. Corp.
• Luoyang Glass Co., Ltd.

Recent Developments:

• January 2024: Corning International Corporation (Corning) announced plans to invest US$ 120.4 million for setting up a new manufacturing unit in Tamil Nadu, India, in a joint venture with Optiemus Infracom Limited, which is an Indian telecommunications company that manufactures mobile phone components and laptops. The JV is named Bharat Innovative Glass Technologies Private Limited (BIG TECH), and will be producing entry and premium level 2D, 2.5D and 3D glasses for smartphone OEMs. Also, in October 2023, Corning reported delivering durable color-infused glass for iPhone 15 and iPhone 15 Plus, which is a first for any smartphone device.
• February 2024: Vedanta Ltd. has submitted a proposal to the Ministry of Electronics and IT (Meity) under the programme for semiconductor and display fab ecosystem for incentives. Vedanta, with Taiwan-based Innolux as a technology provider, could start mass producing LCD displays in India in 18-24 months following approval from the government. Cost of setting up the planned display screen manufacturing unit is estimated around US$ 3-4 billion.

Display Glass Market Research Scope

Report Metric	Report Details
Display glass market size available for the years	2021-2023
Base Year	2023
Forecast Period	2024-2032
Compound Annual Growth Rate (CAGR)	7.1%
Segment covered	By Type, Application, Coating Type, Technology
Regions Covered	North America:  The U.S. & Canada Latin America: Brazil, Mexico, Argentina, & Rest of Latin America Asia Pacific: China, India, Japan, Australia & New Zealand, ASEAN, & Rest of Asia Pacific Europe: Germany, The U.K., France, Spain, Italy, Russia, Poland, BENELUX, NORDIC, & Rest of Europe The Middle East & Africa:  Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, and Rest of MEA
Fastest Growing Country in Europe	UK
Largest Market	North America
Key Players	Corning Inc., AGC Inc., SCHOTT AG, Nippon Electric Glass Co., Ltd., Asahi Glass Co. Ltd. (AGC), Guardian Industries Corp., Pilkington (NSG Group), Saint-Gobain S.A., Fuyao Glass Industry Group Co., Ltd., HOYA Corporation, CSG Holding Co., Ltd., Irico Group Corporation, Xinyi Glass Holdings Limited, Taiwan Glass Ind. Corp., Luoyang Glass Co., Ltd.