New York, NY -- (SBWIRE) -- 10/19/2018 -- Graphic LCD Modules Market: Introduction
As advancements in display technology is witnessed, a corresponding continuous introduction of advanced display solutions, such as LCD, LED, OLED etc., has also been witnessed in the market. And owing to the increasing disposable income and customer expenditure, a considerable traction of the same is witnessed across the globe.
However, a demand for inexpensive (comparatively), and flexible and manually controlled display solutions, for applications across various industry verticals, was also witnessed in the market. This demand has, thus, been a factor responsible for the accelerating growth of various other display solution markets such as graphic LCD modules.
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Graphic LCD modules are displays which enables a user to individually control each display pixel and to display both text and pictures simultaneously. Graphic LCD modules are ideally used in video games, mobile phones, elevator displays, GPS, fish finders, POS systems, medical devices etc. and at places that require monochrome or multi-colored graphic displays. Graphic LCD modules are available in various ranges of sizes and resolution in the market and has its applications on the basis of the same.
Graphic LCD modules market has witnessed considerable traction in the past four years, in terms of value, and, is expected to exhibit a regular growth rate, during the forecast period.
Graphic LCD Modules Market: Market Dynamics
One of the primary factors driving the graphic LCD modules demand is the increasing disposable income and consumer expenditure globally, especially in developing countries such as India, China, Brazil, etc. Besides this, increasing adoption of consumer electronic devices making use of graphic LCD modules is also expected to be an impelling factor for the growth of the global graphic LCD modules market, in terms of value.
The rate of growth in the forecast period, is expected to be lower than that witnessed in the past decade. However, the low cost associated with the same is another factor supplementing the adoption of graphic LCD modules, in the display market.
Graphic LCD Modules Market: Key Players
Some of the key players in the graphic LCD modules market are Microtips Technology, WINSTAR Display Co., Ltd., Vitek Display Co., Ltd, Orient Display Limited, AZ Displays Inc., Pacific Display Devices (a subsidiary of OP Financial Inc.), Raystar Optronics, Inc., Midas Displays and various others.
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Graphic LCD Modules Market: Regional Overview
By geography, the Graphic LCD Modules market can be segmented into North America Graphic LCD Modules market, Latin America Graphic LCD Modules market, Western Europe Graphic LCD Modules market, Eastern Europe Graphic LCD Modules market, China Graphic LCD Modules market, Japan Graphic LCD Modules market, SEA and others in Asia Pacific Graphic LCD Modules market, and Middle East & Africa Graphic LCD Modules market.
Among these regions, North America is expected to dominate the global graphic LCD modules market during the forecast period. Asia Pacific and Europe are expected to follow North America in the global Graphic LCD Modules market, in terms of revenue. China Graphic LCD Modules market is, however, expected to exhibit the highest growth rate during the forecast period. Besides this, Latin America and MEA are also expected to witness a considerable growth rate during the forecast period.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.