Product Code: 21348
The Global IPS Display Market, valued at USD 62.91 Billion in 2024, is projected to experience a CAGR of 7.11% to reach USD 94.99 Billion by 2030. In-Plane Switching (IPS) display technology is a form of liquid crystal display (LCD) panel that is distinguished by its superior color reproduction, broad viewing angles, and consistent image quality. The global IPS display market is primarily driven by the escalating demand for high-quality visual experiences across diverse applications, including consumer electronics, professional monitors, and automotive infotainment systems. This demand is underpinned by the inherent advantages of IPS technology, which provides critical visual fidelity for tasks such as graphic design, content creation, and immersive gaming.
| Market Overview |
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 62.91 Billion |
| Market Size 2030 | USD 94.99 Billion |
| CAGR 2025-2030 | 7.11% |
| Fastest Growing Segment | Consumer Electronics
|
| Largest Market | Asia Pacific |
Key Market Drivers
The global IPS display market is significantly propelled by the increasing demand for high-quality visual experiences across diverse applications. Consumers and professionals alike now expect superior color reproduction, broad viewing angles, and consistent image fidelity, driving the adoption of advanced display technologies. This is particularly evident in the automotive sector, where sophisticated infotainment systems and digital cockpits require displays offering both aesthetic appeal and critical functionality. According to The DigiTimes, in an October 23, 2024, article titled "AUO rises to top three in automotive displays following BHTC acquisition", more than half of all automotive display shipments now feature screens over 10 inches, underscoring the clear market shift towards larger, more immersive visual interfaces in vehicles.
Key Market Challenges
The primary challenge impeding the growth of the Global IPS Display Market is the significant progress of alternative display technologies. Organic Light Emitting Diode (OLED) and Mini-LED technologies are increasingly capturing market share, particularly in premium segments, by offering distinct performance advantages such as enhanced contrast, true blacks, and superior energy efficiency. This directly impacts IPS market expansion as consumers and manufacturers gravitate towards these advanced solutions for high-end applications, including smartphones, televisions, and professional monitors. According to the Korea Display Industry Association (KDIA), the global OLED market reached approximately $42,828 million in 2023 and grew to around $44,017 million in 2024, indicating substantial market presence and competitive pressure.
Key Market Trends
A significant trend shaping the Global IPS Display Market is the integration of Mini-LED backlighting. This technology enhances IPS panels by enabling precise local dimming and higher contrast ratios, bringing performance closer to OLED displays while leveraging LCD's established production infrastructure. According to SEMI, global sales of total semiconductor manufacturing equipment by original equipment manufacturers are forecast to reach a new industry record of $125.5 billion in 2025, marking a 7.4% year-on-year increase, reflecting the substantial investment underpinning advanced display technologies like Mini-LED backlighting. This investment facilitates the production capabilities for innovative IPS products.
Key Market Players
- LG Display Co., Ltd
- Samsung Display Co., Ltd
- AU Optronics Corporation
- Japan Display Inc
- Innolux Corporation
- BOE Technology Group Co., Ltd
- Sharp Corporation
- Visionox Technology Inc
- Tianma Microelectronics Co., Ltd
- Truly International Holdings Limited
Report Scope:
In this report, the Global IPS Display Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
IPS Display Market, By Type:
- In-Plane Switching (IPS) LCD.
- Advanced Super In-Plane Switching (AS-IPS) LCD.
- Enhanced Super In-Plane Switching (e-IPS) LCD.
IPS Display Market, By Price Range:
- Entry-level IPS Displays
- Mid-range IPS Displays
- High-end IPS Displays
IPS Display Market, By End User:
- Consumer Electronics
- Healthcare and Medical
- Automotive
- Gaming
- Retail and Hospitality
IPS Display Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies presents in the Global IPS Display Market.
Available Customizations:
Global IPS Display Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global IPS Display Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Type (In-Plane Switching (IPS) LCD., Advanced Super In-Plane Switching (AS-IPS) LCD., Enhanced Super In-Plane Switching (e-IPS) LCD.)
- 5.2.2. By Price Range (Entry-level IPS Displays, Mid-range IPS Displays, High-end IPS Displays)
- 5.2.3. By End User (Consumer Electronics, Healthcare and Medical, Automotive, Gaming, Retail and Hospitality)
- 5.2.4. By Region
- 5.2.5. By Company (2024)
- 5.3. Market Map
6. North America IPS Display Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Price Range
- 6.2.3. By End User
- 6.2.4. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States IPS Display Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Price Range
- 6.3.1.2.3. By End User
- 6.3.2. Canada IPS Display Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Price Range
- 6.3.2.2.3. By End User
- 6.3.3. Mexico IPS Display Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Price Range
- 6.3.3.2.3. By End User
7. Europe IPS Display Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Price Range
- 7.2.3. By End User
- 7.2.4. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany IPS Display Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Price Range
- 7.3.1.2.3. By End User
- 7.3.2. France IPS Display Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Price Range
- 7.3.2.2.3. By End User
- 7.3.3. United Kingdom IPS Display Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Price Range
- 7.3.3.2.3. By End User
- 7.3.4. Italy IPS Display Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Price Range
- 7.3.4.2.3. By End User
- 7.3.5. Spain IPS Display Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Price Range
- 7.3.5.2.3. By End User
8. Asia Pacific IPS Display Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Price Range
- 8.2.3. By End User
- 8.2.4. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China IPS Display Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Price Range
- 8.3.1.2.3. By End User
- 8.3.2. India IPS Display Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Price Range
- 8.3.2.2.3. By End User
- 8.3.3. Japan IPS Display Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Price Range
- 8.3.3.2.3. By End User
- 8.3.4. South Korea IPS Display Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Price Range
- 8.3.4.2.3. By End User
- 8.3.5. Australia IPS Display Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Price Range
- 8.3.5.2.3. By End User
9. Middle East & Africa IPS Display Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Price Range
- 9.2.3. By End User
- 9.2.4. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia IPS Display Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Price Range
- 9.3.1.2.3. By End User
- 9.3.2. UAE IPS Display Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Price Range
- 9.3.2.2.3. By End User
- 9.3.3. South Africa IPS Display Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Price Range
- 9.3.3.2.3. By End User
10. South America IPS Display Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Price Range
- 10.2.3. By End User
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil IPS Display Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Price Range
- 10.3.1.2.3. By End User
- 10.3.2. Colombia IPS Display Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Price Range
- 10.3.2.2.3. By End User
- 10.3.3. Argentina IPS Display Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Price Range
- 10.3.3.2.3. By End User
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global IPS Display Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. LG Display Co., Ltd
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Samsung Display Co., Ltd
- 15.3. AU Optronics Corporation
- 15.4. Japan Display Inc
- 15.5. Innolux Corporation
- 15.6. BOE Technology Group Co., Ltd
- 15.7. Sharp Corporation
- 15.8. Visionox Technology Inc
- 15.9. Tianma Microelectronics Co., Ltd
- 15.10. Truly International Holdings Limited
16. Strategic Recommendations
17. About Us & Disclaimer