Summary

The display market in the Middle East and Africa (MEA) region has experienced significant growth in recent years, driven by increasing demand for advanced display technologies across various sectors such as retail, healthcare, automotive, and entertainment. The proliferation of digital signage, interactive displays, and OLED technology has reshaped the landscape of the display market in MEA, offering new opportunities for market players. This report aims to provide a comprehensive overview of the current state of the display market in the MEA region, analysing key market trends, drivers, challenges, and opportunities. The rising penetration of smartphones, tablets, and smart TVs, coupled with growing disposable incomes, is driving the demand for high-quality displays in the consumer electronics segment. Major urban centres in the Middle East, such as Cairo, Istanbul, and Baghdad, have a long history of vibrant marketplaces and trade routes. These centres have historically utilized various forms of visual communication, such as signage, banners, and displays, to attract customers and convey information about goods and services. The MEA region has a rich tradition of craftsmanship and artistic expression, including intricate designs and patterns found in textiles, ceramics, and architecture. While not directly related to modern display technologies, these artistic traditions highlight the region's appreciation for visual aesthetics and design. Government initiatives aimed at promoting digital transformation, smart cities, and e-governance are creating opportunities for display technology providers to collaborate with public sector organizations and deploy innovative display solutions. The MEA region has been a significant market for telecommunications and broadcasting technologies, including television and radio broadcasting. While these technologies are not exclusive to display markets, they have contributed to the proliferation of display devices in households and public spaces across the region.

According to the research report "Middle East & Africa Display Market Outlook, 2029," published by Bonafide Research, the Middle East & Africa Display market is anticipated to reach market size of more than USD 88 Billion by 2029. Economic growth in the MEA region drives consumer spending power, leading to increased demand for display products such as televisions, monitors, and digital signage. Growing middle-class populations and urbanization contribute to this trend. The MEA display market is served by a mix of global and regional players, encompassing display manufacturers, component suppliers, distributors, and service providers. Leading global players such as Samsung Electronics, LG Display, and Sony Corporation compete alongside regional players and emerging start-ups offering innovative display solutions tailored to local market needs. The MEA region has a rapidly growing population, including a significant youth demographic. This demographic trend fuels demand for consumer electronics, including displays, driven by factors such as increased connectivity and media consumption habits. Digital signage is increasingly used for advertising and marketing purposes across the MEA region, particularly in retail, hospitality, transportation, and outdoor advertising sectors. The adoption of digital signage solutions drives demand for displays with features such as high brightness, durability, and connectivity. Infrastructure development, including the expansion of telecommunications networks and the deployment of high-speed internet connectivity, facilitates access to digital content and drives demand for display devices. Cultural preferences and regional trends influence the demand for specific types of displays and features. For example, there may be preferences for larger screen sizes, curved displays, or displays with language localization features. The display market in the MEA region is characterized by competition among global and regional players, each vying for market share through product differentiation, pricing strategies, and distribution channels.


Major Drivers

• Rapid Urbanization and Economic Growth: The Middle East and Africa are experiencing rapid urbanization and economic growth, leading to an increase in disposable incomes and consumer spending. As a result, there is growing demand for consumer electronics such as smartphones, TVs, and tablets, which are driving the demand for displays in the region.
• Government Initiatives and Investments: Governments in the MEA region are investing in infrastructure development, smart city projects, and digitalization initiatives. These investments are fuelling demand for displays in various applications, including digital signage, transportation, and government projects. For example, the adoption of digital signage for advertising and information dissemination is increasing in cities across the region.

Major Challenges

• Infrastructure Limitations: Infrastructure limitations, such as inadequate power supply and limited internet connectivity, can pose challenges for the adoption of advanced display technologies in certain parts of the MEA region. Additionally, logistical challenges related to transportation and distribution can impact the availability and affordability of display products in remote areas.
• Political and Economic Instability: Political instability, conflicts, and economic uncertainties in some countries across the MEA region can disrupt business operations, hinder investments, and affect consumer confidence. These factors can lead to fluctuations in demand for display products and create challenges for manufacturers and retailers operating in the region.

Major Trends

• Shift Towards LED and Digital Signage: There is a growing trend towards LED displays and digital signage solutions in the MEA region, driven by increasing urbanization, infrastructure development, and demand for advertising and information dissemination. LED displays offer advantages such as high brightness, energy efficiency, and versatility, making them suitable for outdoor and indoor applications in various sectors including retail, hospitality, and transportation.
• Emergence of Smart Cities: Governments and urban planners in the MEA region are increasingly focusing on developing smart cities and digital infrastructure to improve efficiency, sustainability, and quality of life. Displays play a crucial role in smart city initiatives, facilitating communication, information sharing, and public services. As a result, there is growing demand for display solutions in applications such as smart transportation, public safety, and smart buildings.


SMEs are leading in the Middle East & Africa display market due to their adaptability to local preferences and agile response to emerging market opportunities.

Small and Medium Enterprises (SMEs) are leading the display market industry in the Middle East and Africa due to their adaptability to local preferences and agile response to emerging market opportunities. Unlike large multinational corporations that may struggle to understand and cater to the nuanced preferences and cultural dynamics of the region, SMEs have the advantage of being deeply embedded within the local business landscape. This enables them to tap into first-hand knowledge of consumer behaviours, market trends, and regulatory frameworks, allowing for more targeted and effective product development and marketing strategies. SMEs in the Middle East and Africa excel in their ability to swiftly respond to emerging market opportunities. The region is experiencing rapid urbanization, economic diversification, and technological advancement, creating a fertile ground for innovative display solutions across various sectors such as retail, hospitality, transportation, and healthcare. Furthermore, SMEs in the display market leverage their agility and flexibility to navigate the unique challenges and complexities of operating in the Middle East and Africa. These challenges may include infrastructural limitations, regulatory hurdles, and cultural sensitivities. By being nimble and adaptive, SMEs can overcome these obstacles more effectively, leveraging their local knowledge and networks to find creative solutions and forge strategic partnerships. Moreover, the affordability and accessibility of display technologies offered by SMEs make them particularly attractive to businesses in the Middle East and Africa, where cost-consciousness and value-for-money considerations are paramount.

First Panel Display's dominance in the Middle East and Africa display market is due to its innovative technology and commitment to meeting diverse consumer demands.

First Panel Display's remarkable ascent to the top of the Middle East and Africa display market can be attributed to its unwavering dedication to technological innovation and its acute understanding of the diverse needs of consumers in the region. Through its pioneering approach to display technology, First Panel Display has managed to establish itself as a frontrunner in a highly competitive industry. One of the key factors behind First Panel Display's success is its relentless pursuit of innovation. The company has consistently invested in research and development to stay ahead of the curve, constantly pushing the boundaries of what is possible in display technology. By leveraging cutting-edge advancements in materials science, manufacturing processes, and design techniques, First Panel Display has been able to develop products that offer unparalleled performance, clarity, and reliability. Moreover, First Panel Display has demonstrated a deep understanding of the unique preferences and requirements of consumers in the Middle East and Africa. Recognizing the importance of catering to diverse cultural, linguistic, and aesthetic preferences, the company has tailored its products to meet the specific needs of different market segments. Whether it's high-definition displays for entertainment enthusiasts, energy-efficient panels for environmentally conscious consumers, or ruggedized screens for industrial applications, First Panel Display has a comprehensive line-up of products that cater to a wide range of requirements. First Panel Display has distinguished itself through its commitment to quality and reliability. Recognizing the importance of delivering products that consistently meet or exceed customer expectations, the company has implemented rigorous quality control measures throughout the manufacturing process.

LCD display technology is leading in the Middle East and Africa display market due to its combination of cost-effectiveness, adaptability to varying environmental conditions, and compatibility with diverse content sources.

In the dynamic display market of the Middle East and Africa (MEA) region, LCD (Liquid Crystal Display) technology has emerged as the frontrunner, driven by a combination of factors that address the unique demands and challenges of the region. At its core, the primary reason behind LCD's dominance lies in its ability to offer cost-effective, adaptable, and reliable solutions tailored to the diverse needs of businesses and consumers across the Middle East and Africa. Cost-effectiveness stands as a cornerstone of LCD's success in the MEA display market. In a region characterized by varying levels of economic development and purchasing power, affordability plays a pivotal role in determining the widespread adoption of display technologies. LCD displays offer a compelling value proposition, providing a cost-effective solution compared to alternative technologies such as OLED or MicroLED. Adaptability to varying environmental conditions is another key factor driving the popularity of LCD technology in the Middle East and Africa. LCD displays are known for their robustness and ability to operate effectively across a wide range of temperatures and humidity levels, making them well-suited to the environmental conditions prevalent in the MEA region. Furthermore, LCD technology's compatibility with diverse content sources contributes to its leading position in the Middle East and Africa display market. As a region with a rich cultural tapestry and diverse linguistic landscape, the MEA market demands display solutions that can seamlessly integrate with a wide range of content formats and sources. LCD displays offer compatibility with various input sources, including digital media players, streaming devices, and traditional broadcast signals, ensuring that users can access and enjoy content in their preferred languages and formats. This versatility makes LCD technology an attractive choice for businesses and organizations seeking to engage with diverse audiences across the Middle East and Africa.

Smartphones and tablets are leading in the display market in the Middle East and Africa due to their versatility and accessibility, catering to diverse consumer needs and lifestyles in the region.

Smartphones and tablets have emerged as the dominant players in the display market across the Middle East and Africa, primarily due to their versatility and accessibility. The region's diverse consumer base, spanning various demographics, lifestyles, and income levels, demands devices that can accommodate their multifaceted needs. Smartphones and tablets excel in this regard, offering a wide range of features, functionalities, and form factors to cater to different preferences and requirements. In the Middle East and Africa, where technological advancements are rapidly transforming lifestyles and communication patterns, smartphones and tablets have become indispensable tools for both personal and professional use. With their compact yet powerful displays, these devices offer users the flexibility to access information, communicate with others, and engage in entertainment activities anytime, anywhere. Whether it's browsing the internet, checking emails, streaming videos, or playing games, smartphones and tablets provide a seamless and immersive experience that resonates with the region's digitally savvy population. Furthermore, the affordability and availability of smartphones and tablets have contributed significantly to their widespread adoption in the Middle East and Africa. As prices continue to decrease and entry-level models become increasingly accessible, a growing number of consumers are able to afford these devices, driving market penetration and uptake. Moreover, smartphones and tablets offer a level of connectivity and convenience that is unparalleled by traditional display devices. With built-in wireless capabilities and support for mobile data networks, these devices enable users to stay connected to the internet and access online services on the go, without being tethered to a fixed location.

Industrial consumers are leading in the display market in the Middle East and Africa due to the region's heavy focus on infrastructure development and investments.

The dominance of industrial consumers in the display market across the Middle East and Africa can be attributed to several factors, but the primary reason lies in the region's sustained emphasis on infrastructure development. This emphasis stems from the necessity to support and drive economic growth, diversification, and modernization across various sectors. As governments and private entities invest heavily in infrastructure projects, the demand for advanced display technologies, such as digital signage, control panels, and industrial monitors, has surged. One of the key drivers of this trend is the expansion of manufacturing activities. The Middle East and Africa have witnessed significant growth in industrial manufacturing, driven by factors such as favourable government policies, abundant natural resources, and rising consumer demand. With manufacturing facilities proliferating across the region, there's a growing need for sophisticated display solutions to monitor and manage production processes efficiently. Industrial consumers, including factories, refineries, and assembly plants, are thus driving the demand for displays tailored to their specific operational requirements. The energy sector plays a pivotal role in the economic landscape of the Middle East and Africa, with abundant reserves of oil, gas, and renewable energy sources. As countries in the region continue to invest in energy infrastructure, including power plants, distribution networks, and renewable energy projects, there's a corresponding need for advanced display technologies to monitor and control these complex systems.


South Africa's leading position in the display market industry in the Middle East and Africa is due to its advanced technological capabilities and strategic geographical location.

South Africa has arisen as a forerunner in the showcase market industry in the Centre East and Africa district essentially in light of its high level mechanical capacities and vital topographical area. The nation fills in as an entryway to the African mainland, offering admittance to a huge and different market with critical development potential. One of the vital drivers of South Africa's outcome in the presentation market is its high level mechanical framework and mastery. The nation flaunts an advanced media communications area, with broad fibre-optic organizations and far reaching admittance to rapid web network. This mechanical ability empowers South African organizations to create and make an extensive variety of show items, including Drove screens, computerized signage, and intelligent presentations, to meet the developing necessities of organizations, associations, and customers across the district. Besides, South Africa's vital topographical area positions it as a centre for exchange and trade between Africa, Europe, the Centre East, and Asia. The nation's deep rooted transportation and strategies framework, including present day ports, air terminals, and street organizations, works with the proficient development of products and materials, lessening lead times and functional expenses for show makers and providers. This strategic benefit improves South Africa's seriousness in the worldwide commercial centre and empowers nearby organizations to really serve clients in adjoining nations and then some. South Africa's strong business climate, portrayed by somewhat stable political circumstances, straightforward administrative structures, and financial backer well-disposed arrangements, has drawn in critical interest in the showcase market industry. The public authority has executed different drives to advance advancement, business, and modern turn of events, including charge motivators, innovative work awards, and framework speculation programs.




Recent Developments


Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Display market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Panel Size
• Micro displays
• Small & Medium-sized Panels
• Large Panels

By Display type
• Flat Panel Display
• flexible Panel Display
• Transparent Panel Display

By Display technology
• LCD
• OLED
• Micro-LED
• Direct-View LED
• Others

By Application
• Smartphone and Tablet
• Smart Wearable
• Television and Digital Signage
• PC and Laptop
• Vehicle Display
• Others

By Industrial Vertical
• Consumer Electronics
• Retail
• BFSI
• Health care
• Automotive
• Military and defence
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Display industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.
***Please Note: It will take 48 hours (2 Business days) for delivery of the report upon order confirmation.

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Table of Contents

Table of Contents

1. Executive Summary
2. Research Methodology
2.1. Secondary Research
2.2. Primary Data Collection
2.3. Market Formation & Validation
2.4. Report Writing, Quality Check & Delivery
3. Market Structure
3.1. Market Considerate
3.2. Assumptions
3.3. Limitations
3.4. Abbreviations
3.5. Sources
3.6. Definitions
4. Economic /Demographic Snapshot
5. Global Display Market Outlook
5.1. Market Size By Value
5.2. Market Share By Region
5.3. Market Size and Forecast, By Display Type
5.4. Market Size and Forecast, By Application
5.5. Market Size and Forecast, By Display technology
5.6. Market Size and Forecast, By Induatrial Vertical
5.7. Market Size and Forecast, By Panel Size
6. Middle East & Africa Display Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Display Type
6.4. Market Size and Forecast, By Application
6.5. Market Size and Forecast, By Display technology
6.6. Market Size and Forecast, By Induatrial Vertical
7. Market Dynamics
7.1. Market Drivers & Opportunities
7.2. Market Restraints & Challenges
7.3. Market Trends
7.3.1. XXXX
7.3.2. XXXX
7.3.3. XXXX
7.3.4. XXXX
7.3.5. XXXX
7.4. Covid-19 Effect
7.5. Supply chain Analysis
7.6. Policy & Regulatory Framework
7.7. Industry Experts Views
7.8. UAE Display Market Outlook
7.8.1. Market Size By Value
7.8.2. Market Size and Forecast By Display Type
7.8.3. Market Size and Forecast By Application
7.9. Saudi Arabia Display Market Outlook
7.9.1. Market Size By Value
7.9.2. Market Size and Forecast By Display Type
7.9.3. Market Size and Forecast By Application
7.10. South Africa Display Market Outlook
7.10.1. Market Size By Value
7.10.2. Market Size and Forecast By Display Type
7.10.3. Market Size and Forecast By Application
8. Competitive Landscape
8.1. Competitive Dashboard
8.2. Business Strategies Adopted by Key Players
8.3. Key Players Market Positioning Matrix
8.4. Porter's Five Forces
8.5. Company Profile
8.5.1. Panasonic Holdings Corporation
8.5.1.1. Company Snapshot
8.5.1.2. Company Overview
8.5.1.3. Financial Highlights
8.5.1.4. Geographic Insights
8.5.1.5. Business Segment & Performance
8.5.1.6. Product Portfolio
8.5.1.7. Key Executives
8.5.1.8. Strategic Moves & Developments
8.5.2. Samsung Electronics Co Ltd
8.5.3. Sony Group Corporation
8.5.4. Sharp Corporation
8.5.5. Seiko Epson Corporation
8.5.6. NEC Corporation
8.5.7. Barco NV
8.5.8. Leyard Optoelectronic Co., Ltd.
9. Strategic Recommendations
10. Annexure
10.1. FAQ`s
10.2. Notes
10.3. Related Reports
11. Disclaimer


List of Figures

Figure 1: Global Display Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Display Market Share By Region (2023)
Figure 6: Middle East & Africa Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Middle East & Africa Display Market Share By Country (2023)
Figure 8: UAE Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Saudi Arabia Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: South Africa Display Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Display Market



List of Tables

Table 1: Global Display Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Display Market Size and Forecast, By Display Type (2018 to 2029F) (In USD Billion)
Table 6: Global Display Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 7: Global Display Market Size and Forecast, By Display technology (2018 to 2029F) (In USD Billion)
Table 8: Global Display Market Size and Forecast, By Induatrial Vertical (2018 to 2029F) (In USD Billion)
Table 9: Global Display Market Size and Forecast, By Panel Size (2018 to 2029F) (In USD Billion)
Table 10: Middle East & Africa Display Market Size and Forecast, By Display Type (2018 to 2029F) (In USD Billion)
Table 11: Middle East & Africa Display Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 12: Middle East & Africa Display Market Size and Forecast, By Display technology (2018 to 2029F) (In USD Billion)
Table 13: Middle East & Africa Display Market Size and Forecast, By Induatrial Vertical (2018 to 2029F) (In USD Billion)
Table 14: Influencing Factors for Display Market, 2023
Table 15: United Arab Emirates Display Market Size and Forecast By Display Type (2018 to 2029F) (In USD Billion)
Table 16: United Arab Emirates Display Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 17: Saudi Arabia Display Market Size and Forecast By Display Type (2018 to 2029F) (In USD Billion)
Table 18: Saudi Arabia Display Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 19: South Africa Display Market Size and Forecast By Display Type (2018 to 2029F) (In USD Billion)
Table 20: South Africa Display Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)