Europe Plasma Display Module Market Growth Insights by 2031

• Plasma display module is a type of flat panel display that uses small cells containing plasma ? ionized gas that responds to electric fields. It is generally used in large TV displays of 30’’ and higher.
• it offers a wide range of features such as better contrast ratio and ability to display deeper blacks, better color accuracy and saturation, better motion tracking (little or no motion lag in fast-moving images due to sub field drive technology), and wider side-to-side viewing angle.
• These features make the plasma display module highly significant for stock exchanges, airports, exhibitions, and event halls, which in turn is expected to contribute to the market growth

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Rise in Adoption from IT & Telecommunication Industry

• Based on the end-use industry, the global plasma display module market can be segmented into IT & telecommunication, automotive & transportation, aerospace & defense, healthcare, industrial, sports & entertainment and others (BFSI, retail, building & construction, etc.) The IT and telecommunication segment is expected to expand at a rapid pace during the forecast period due to the increasing use of plasma display module for navigation, and imaging.
• Plasma display modules are primarily used in communication using base stations, transmission towers, satellites. This factor is significantly driving the demand for plasma display modules in the IT and telecommunication industry.
• Rising adoption of plasma display modules for submarine communications is further propelling the market.

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North America to Lead Global Plasma Display Module Market

• In terms of region, the global plasma display module market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Asia Pacific is expected to hold the largest share of the plasma display module market during the forecast period due to an increase in demand from the automotive & transportation, media & entertainment, IT and telecommunication industries
• Plasma display modules are widely utilized in large-screen multimedia displays in conjunction with the future digitalization of broadcasting and packaged media
• Rising digitalization, the proliferation of the digital connectivity, innovations in media & entertainment industry such as 7D theaters, are other factors propelling the plasma display modules market in Asia Pacific
• The plasma display module market in North America and Europe is expected to expand at a considerable pace during the forecast period due to a rise in the demand for plasma display module from diverse industries such as automotive, consumer electronics, semiconductor, and IT and telecommunication. Moreover, the growth is anticipated to be driven by leading countries such as India, China, Japan, Germany, France, and South Korea. The plasma display module market in Middle East & Africa and South America is anticipated to grow at a steady pace during the forecast period.

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Key Players Operating in the Global Plasma Display Module Market

Key players operating in the global plasma display module market are engaged in the development of technologically advanced products to cater to the rising demand for plasma display modules. Furthermore, several manufacturers are focusing on strategic mergers and acquisition of local manufacturers and system designers to strengthen their product offerings and expand their geographic reach.

Leading players operating in the global plasma display module market include:

• Vishay Intertechnology, Inc.
• Fujitsu Hitachi Plasma Display Limited
• Sharp NEC Display Solutions, Ltd.
• shenzhen xingjiexun electronics co.ltd
• Shenzhen Y & D Electronics Co.