Displays market to reach $2.41B by 2030 as smart TV demand rises

The Business Research Company says the global displays market will grow from $1.1 billion in 2025 to $2.41 billion by 2030, driven by smart TVs, AR/VR, automotive digital cockpits and next-gen display tech. Asia-Pacific led the market in 2025 and is expected to remain the fastest-growing region.

Why it matters: - The displays market is moving from steady expansion to rapid scale-up, with demand spreading across consumer electronics, automotive, retail and immersive computing. - The market’s growth outlook points to more investment in panel technology, manufacturing capacity and low-power display formats. - Smart TVs, AR/VR and digital cockpit displays are becoming major demand centers for display makers.

What happened: - The Business Research Company projected the displays market will rise from $1.1 billion in 2025 to $1.28 billion in 2026. - The report said the market will reach $2.41 billion by 2030. - The forecast implies a 16.8% CAGR in 2026 and a 17.0% CAGR through 2030. - The report covers market dynamics, segment insights, company strategies and regional trends. - The company made the report available for download and full purchase through a sample request page and the full report page.

The details: - Historical growth was supported by large-scale LCD manufacturing, rising consumer electronics use, falling production costs, expanding smartphone and television markets, and advances in backlight and panel technologies. - Future growth is expected to come from broader adoption of immersive displays in augmented reality and virtual reality. - Demand is also rising for ultra-high-resolution content, automotive digital cockpit displays and smart retail signage. - Innovation in microLED and next-generation display materials is another growth factor. - The report identified microLED and OLED adoption, flexible and foldable screens, 8K and beyond displays, electronic paper, low-power solutions and touch-enabled displays as major trends. - Displays are described as visual output devices that use LCD, OLED, MicroLED and e-paper technologies to deliver images, video and information across consumer, commercial and industrial applications. - The report said these screens support real-time visualization, user engagement, communication and data-driven decisions. - Smart TVs are a key driver because they combine TV functions with internet connectivity and streaming access. - In December 2024, the Australian Communications and Media Authority said 58% of Australian households watched online video content via smart TVs, up from 52% the year before. - Smart TVs also made up the majority of television imports, with growth expected through at least 2027. - Asia-Pacific held the largest share of the displays market in 2025 and is expected to be the fastest-growing region through the forecast period. - The report also examined South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

Between the lines: - The report suggests display makers are benefiting from two parallel shifts: more screens in everyday devices and more advanced screens in premium applications. - Faster growth in Asia-Pacific likely reflects the region’s role in electronics manufacturing, consumer demand and panel supply chains. - The emphasis on microLED, OLED and foldable formats signals a move away from commodity panels toward higher-margin products.

What's next: - The market is likely to keep tracking adoption of immersive devices, automotive electronics and retail digitization. - Display suppliers will be watching demand for energy-efficient and high-resolution screens as product cycles shift. - The report says future opportunities will continue to expand as next-generation materials and formats reach wider commercial use.

The bottom line: - Displays are shifting from a mature component market into a faster-growing platform for next-generation consumer and industrial devices.