IPS Display Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (In-Plane Switching (IPS) LCD, Advanced Super In-Plane Switching (AS-IPS) LCD, Enhanced Super In-Plane Switching (e-IPS) LCD)), By Price Range (Entry-level IPS Displays, Mid-range IPS Displays, High-end IPS Displays), By End User (Consumer Electronics, Healthcare and Medical, Automotive, Gaming, Retail and Hospitality) By Region, By Competition 2020-2030F

Market Overview

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. According to the Korea Display Industry Association (KDIA), the global LCD market, of which IPS is a significant segment, reached approximately $74,520 million in 2023 and grew to around $79,215 million in 2024, demonstrating sustained market expansion.

The continuous integration of IPS technology into smart devices and the rising consumer expectation for advanced display performance further bolster market growth. However, a significant challenge impeding market expansion is the rapid advancement of competing display technologies, such as Organic Light Emitting Diode (OLED) and Mini-LED, which offer alternative performance benefits and are increasingly capturing market share in premium segments. IPS panels also encounter limitations related to manufacturing complexity and cost relative to other LCD variants.

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. This pervasive trend towards enhanced visual quality across commercial and consumer electronics directly influences the demand for IPS technology.

Complementing this demand, continuous advancements in display technology remain a pivotal growth factor, ensuring IPS panels evolve to meet escalating performance expectations. Innovations focus on improving core IPS attributes such as contrast ratios, response times, and refresh rates, sustaining their competitive edge against alternative display technologies. For instance, according to TFTCentral, in a January 30, 2024, article titled "IPS Black, Dual-mode Refresh Rates and other New LCD Panels for 2024 - LG. Display Roadmap", LG Display plans to mass produce a 27-inch IPS panel with a 2560x1440 resolution and a 360Hz refresh rate for gaming applications by Q4 2024, demonstrating significant progress in high-performance IPS offerings. Such ongoing technological enhancements expand the capabilities and market applicability of IPS displays. This dynamic environment contributes to the broader LCD market, which, according to the Korea Display Industry Association (KDIA), in an April 18, 2025, article titled "2024 Was a Rebound Year for Korea's Display Industry", grew by 6.3% in 2024, reaching a value of $79.2 billion.

Download Free Sample Report

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. The increasing adoption of these competing technologies diminishes the growth trajectory for IPS displays, despite their inherent advantages in color reproduction and viewing angles. The competitive landscape forces IPS technology to contend with a shrinking share of the premium market, thereby limiting overall expansion.

Key Market Trends

The global IPS display market is significantly influenced by several evolving factors, distinguishing key trends from fundamental market drivers. The market drivers primarily revolve around the escalating demand for superior visual quality, broad viewing angles, and consistent image fidelity, alongside continuous technological advancements in IPS panels. In contrast, emerging trends represent more specific shifts in technology integration and application focus.

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. For instance, AU Optronics showcased a 32-inch 8K resolution panel featuring a high-end Mini-LED backlight with 4608 dimming zones, planned for production in Q2 2024, as reported by TFTCentral in January 2024, demonstrating the practical application of this trend.

Another important trend is the enhanced touch integration in commercial and portable displays. This trend addresses the growing need for intuitive and interactive user interfaces across a wider range of devices beyond traditional smartphones and tablets, extending to industrial control panels and interactive public displays. The increasing complexity of integrating advanced touch functionalities drives demand for specialized manufacturing processes. SEMI reported that assembly and packaging equipment sales grew 25.4% in 2024 and are forecast to increase 7.7% to $5.4 billion in 2025, indicating rising investment in the back-end processes crucial for advanced display integration, including touch capabilities. This technological evolution is exemplified by BOE's curved 27-inch 4K Mini-LED monitor showcased at CES 2024, which featured enhanced local dimming and touch integration, signifying the market's movement towards more interactive and feature-rich IPS solutions.

Segmental Insights

The Consumer Electronics segment stands out as the fastest-growing application within the Global IPS Display Market. This rapid expansion is fundamentally driven by the escalating consumer demand for superior visual experiences, which includes enhanced color accuracy, wider viewing angles, and exceptional image clarity across diverse personal devices. The widespread adoption of IPS panels in smartphones, tablets, and high-resolution televisions serves as a primary catalyst for this growth. Moreover, the increasing popularity of immersive gaming and multimedia content consumption necessitates high-performance displays featuring improved response times, further propelling the segment's expansion. Ongoing technological advancements in IPS technology consistently enhance display capabilities, accelerating its integration into these prevalent consumer products.

Regional Insights

Asia Pacific dominates the global IPS Display Market due to its strong manufacturing ecosystem, housing major display panel producers in countries such as China, South Korea, and Japan. The region benefits from robust supply chain infrastructure and sustained investments in research and development, fostering innovation. A large and expanding consumer electronics market, coupled with rising disposable incomes and rapid urbanization, drives significant demand for advanced IPS display technologies across numerous applications, solidifying the region's leading position.

Recent Developments

• In October 2025, Lenovo announced the ThinkVision P40WD-40 monitor, integrating an ultrawide IPS "5K2K" panel into the Global IPS Display Market. This product launch underscored a trend towards high-resolution, expansive screen formats for professional use. The monitor features a 40-inch display with a 5120x2160 resolution, catering to users requiring extensive screen real estate for multitasking and detailed work. Equipped with Thunderbolt 4 connectivity, the ThinkVision P40WD-40 aims to provide streamlined docking and high-speed data transfer, enhancing productivity in demanding business environments through advanced IPS display technology.

• In October 2025, AOC expanded its G4 Line-Up by introducing two new monitors featuring 320Hz Fast IPS panels, signaling a notable advancement in the Global IPS Display Market. This product launch targets the high-performance gaming segment, where refresh rates are a critical factor for competitive play. The adoption of 320Hz Fast IPS technology demonstrates continuous innovation in achieving rapid response times and smooth visuals within IPS displays, maintaining excellent color reproduction and wide viewing angles. These new AOC monitors aim to provide an immersive and responsive gaming experience, leveraging the enhanced capabilities of modern IPS panels.

• In February 2024, LG Display unveiled its roadmap for the year, with a significant focus on advancing its IPS Black technology for high-end and gaming monitors in the Global IPS Display Market. The company planned to enhance contrast ratios with IPS Black, aiming to reach up to 3000:1 as a long-term objective. This initiative included the mass production of various IPS Black panels, such as a 31.5-inch model with 6144 x 3456 resolution and high refresh rate gaming panels, including a 27-inch panel designed to achieve a 360Hz refresh rate by the fourth quarter of 2024. These developments demonstrated LG Display's commitment to improving existing IPS technologies.

• In January 2024, AU Optronics (AUO) announced its panel roadmap, detailing plans for new IPS-type display technologies aimed at the Global IPS Display Market. The roadmap highlighted a focus on developing IPS panels, marketed as "Rapid IPS" or "Fast IPS" by monitor manufacturers, with increased contrast ratios, a new Anti-Reflection Technology (ART) coating, and higher refresh rates. AUO anticipated mass production of a 32-inch IPS panel with 4K resolution (3840 x 2160) and a 240Hz refresh rate in the first quarter of 2024. Additionally, a 27-inch 4K IPS panel with a 120Hz refresh rate was planned for the second half of 2024.

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:

o   In-Plane Switching (IPS) LCD.

o   Advanced Super In-Plane Switching (AS-IPS) LCD.

o   Enhanced Super In-Plane Switching (e-IPS) LCD.

• IPS Display Market, By Price Range:

o   Entry-level IPS Displays

o   Mid-range IPS Displays

o   High-end IPS Displays

• IPS Display Market, By End User:

o   Consumer Electronics

o   Healthcare and Medical

o   Automotive

o   Gaming

o   Retail and Hospitality

• IPS Display Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   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).

Global IPS Display Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]