How big is the Indium Gallium Zinc Oxide Market?

The Indium Gallium Zinc Oxide Market size is expected to reach USD 2.62 billion in 2024 and grow at a CAGR of 11.61% to reach USD 4.54 billion by 2029. Read More

What is the current Indium Gallium Zinc Oxide Market size?

In 2024, the Indium Gallium Zinc Oxide Market size is expected to reach USD 2.62 billion. Read More

Who are the key players in Indium Gallium Zinc Oxide Market?

Sharp Corporation, Apple Inc., Sony Corporation, LG Electronics and Samsung Electronics Co. Ltd are the major companies operating in the Indium Gallium Zinc Oxide Market. Read More

Which is the fastest growing region in Indium Gallium Zinc Oxide Market?

North America and Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Indium Gallium Zinc Oxide Market?

In 2024, the Asia Pacific accounts for the largest market share in Indium Gallium Zinc Oxide Market. Read More

What years does this Indium Gallium Zinc Oxide Market cover, and what was the market size in 2023?

In 2023, the Indium Gallium Zinc Oxide Market size was estimated at USD 2.32 billion. The report covers the Indium Gallium Zinc Oxide Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indium Gallium Zinc Oxide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Indium Gallium Zinc Oxide Market Size and Analysis

Indium Gallium Zinc Oxide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Indium Gallium Zinc Oxide Market Report is Segmented by Application (Smartphones, Wearable Devices, Wall-Mounted Displays, Televisions, Tablets, Notebooks, and Laptops, and Other Applications), End User (Automotive, Consumer Electronics, Healthcare, Industrial, and Other End Users), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Indium Gallium Zinc Oxide Industry Overview

The indium gallium zinc oxide market exhibits moderate fragmentation, driven by players innovating with new technologies using indium gallium zinc oxide. This innovation is intensifying market competition as companies strive to develop advanced applications and improve product performance. Key players are focusing on research and development to enhance the efficiency and functionality of indium gallium zinc oxide in various applications, including display panels, solar cells, and sensors. Additionally, strategic partnerships and collaborations are becoming common as companies aim to strengthen their market position and expand their product portfolios.

In April 2024, Apple, a leader in LTPO (low-temperature polycrystalline oxide) backplane technology, further innovated by incorporating IGZO (indium gallium zinc oxide) into driving thin-film transistors (TFTs). This strategic enhancement aims to improve the efficiency of LTPO displays, which are distinguished by their energy-saving features and variable refresh rates.
In March 2024, ViewSonic launched its latest gaming monitor, the VX2781-4K-PRO-6, following the introduction of the XG272-2K-OLED. The XG272-2K-OLED features a 2.5K resolution and a 240 Hz OLED panel. ViewSonic claimed the VX2781-4K-PRO-6 to be a world-first innovation with its 27-inch, 4K display utilizing an IGZO (indium gallium zinc oxide) and IPS panel, offering a 165 Hz refresh rate.