인듐 갈륨 아연 산화물(IGZO) 시장 : 시장 점유율 분석, 산업 동향 및 통계, 성장 예측(2025-2030년)

The Indium Gallium Zinc Oxide Market size is estimated at USD 2.92 billion in 2025, and is expected to reach USD 5.06 billion by 2030, at a CAGR of 11.61% during the forecast period (2025-2030).

Key Highlights

• The electronics industry is increasingly adopting indium gallium zinc oxide (IGZO) over traditional silicon-based materials, driven by its superior performance. IGZO is primarily utilized in thin-film transistors (TFTs) for LCD and OLED displays. With its high electron mobility, IGZO enables faster switching speeds and higher resolutions, making it a preferred choice for HD TVs, smartphones, and tablets. The rising demand for advanced displays is a key driver for the IGZO market.
• One notable advantage of IGZO is its ability to deliver high performance at lower power consumption, which is crucial for portable electronics where battery life is critical. By reducing power usage, IGZO displays a significantly extended battery life, presenting a compelling value proposition for both manufacturers and consumers. Additionally, IGZO's transparency and flexibility are ideal for emerging display types like foldable and rollable screens, which are gaining traction in the market.
• Moreover, the trend toward miniaturization and the need for more efficient electronic components are shaping the IGZO market. Thanks to its high electron mobility, IGZO enables the creation of smaller, more efficient transistors, facilitating the development of sleeker and lighter electronic devices, aligning with consumer preferences. Furthermore, as the adoption of IoT devices increases, demanding efficient and compact components, the demand for IGZO materials is expected to rise.
• While the IGZO market faces challenges such as high production costs and the need for sophisticated manufacturing processes, ongoing R&D efforts are focused on enhancing efficiency and reducing costs. Additionally, competition from alternatives like low-temperature polysilicon (LTPS) and organic semiconductors poses a challenge. However, given its unique properties and expanding applications, IGZO is solidifying its role as a pivotal material in the evolution of displays and electronic devices. With technological advancements and rising consumer demand, the IGZO market is poised for sustained growth.

Indium Gallium Zinc Oxide Market Trends

Wearable Devices to Gain a Significant Market Share

• Indium gallium zinc oxide (IGZO) is emerging as a critical component in the wearable devices market, driven by its unique properties that meet the stringent requirements of contemporary wearable technology. IGZO's high electron mobility and low power consumption make it indispensable for developing high-resolution, energy-efficient displays that are essential for devices such as smartwatches, fitness trackers, and AR glasses. As these devices advance and demand higher performance, IGZO's significance in their development becomes increasingly crucial.
• IGZO's ability to support high-resolution displays while maintaining low power consumption is a key advantage for wearable devices. Given the limited battery capacity of wearables, improvements in energy efficiency can significantly extend battery life. IGZO transistors operate with minimal power, conserving battery life without compromising display quality. This makes IGZO an attractive option for manufacturers aiming to deliver high-performance wearables with longer operational periods between charges.
• In addition to power efficiency, IGZO's flexibility and transparency offer substantial benefits for wearable devices. Wearables need to be lightweight, durable, and often flexible to conform to various shapes and sizes. IGZO's flexibility allows for the creation of bendable and foldable displays, enhancing user experience and opening new design possibilities for wearable technology. Moreover, its transparency can be utilized in developing innovative display solutions, such as transparent screens in AR glasses, providing a seamless and immersive user experience.
• Increasing consumer demand for advanced wearable technology is driving the IGZO market. As consumers seek more functionality and better performance from their wearable devices, manufacturers are increasingly adopting IGZO to meet these expectations. Features such as high-definition displays, responsive touchscreens, and extended battery life are becoming standard in wearables, with IGZO's properties being crucial in achieving these enhancements. Additionally, the integration of health monitoring, fitness tracking, and connectivity options in wearables further necessitates the use of efficient and high-performing materials like IGZO.
• The proliferation of the Internet of Things (IoT) and the growing adoption of wearables across various industries, including healthcare, fitness, and entertainment, are expected to boost demand for IGZOs. International Data Corporation's (IDC) India Monthly Wearable Device Tracker reported that the Indian wearable market experienced a 34% growth in 2023, reaching a record 134.2 million units. In the fourth quarter of 2023 (October-December), the market recorded 28.4 million units, reflecting a 12.7% Y-o-Y increase.
• Wearable devices are not only used for personal health tracking but also for professional applications in medical monitoring and industrial use. IGZO's capability to support advanced display technologies and low-power operations makes it a vital component in developing the next generation of wearables. As this trend continues, wearable devices are set to capture a significant share of the IGZO market, driving innovation and growth in the industry.

Asia-Pacific to Witness the Fastest Market Growth

• The Asia-Pacific regional segment, led by countries such as China, Japan, and South Korea, is poised to dominate the indium gallium zinc oxide (IGZO) market. These nations boast robust electronic manufacturing industries and are renowned for their rapid technological advancements. Notably, they house some of the world's largest producers of consumer electronics and display panels. With strong industrial bases and a keen focus on research and development (R&D), these countries are pivotal players in the global IGZO landscape. Major industry players like Sharp, LG, and Samsung are channeling significant investments into IGZO technology to elevate their product portfolios and secure a competitive advantage.
• With its mammoth electronics manufacturing industry, China stands out as a key player in the Asia-Pacific IGZO market. The nation's commitment to advancing display technology has translated into substantial investments in IGZO production facilities. Chinese manufacturers increasingly turn to IGZO, recognizing its superior performance in thin-film transistors (TFTs) - crucial components in high-definition televisions, smartphones, and other consumer electronics. This widespread adoption is poised to further solidify China's dominance in the IGZO market.
• Japan, renowned for its technological prowess, is a significant contributor to the Asia-Pacific IGZO market. Notably, companies like Sharp have been at the forefront of IGZO technology, setting benchmarks for high-performance, energy-efficient displays. Japan's emphasis on R&D, coupled with its reputation for producing top-tier electronic components, cements its position as an IGZO market leader, driving both local and global demand.
• South Korea, home to tech giants like Samsung and LG, is another linchpin in the IGZO market. These companies are at the vanguard of display technology, integrating IGZO into their cutting-edge products. Samsung's strides in foldable and rollable displays, alongside LG's OLED innovations, heavily leverage IGZO's attributes, such as high electron mobility and energy efficiency. South Korea's commitment to innovation and stringent manufacturing standards further solidify its significant role in the IGZO market.
• The Asia-Pacific's IGZO dominance is bolstered by proactive government policies. Nations like China, Japan, and South Korea are actively supporting the electronics industry through R&D funding, infrastructure development, and technology adoption incentives. These initiatives not only spur local manufacturers to invest in IGZO but also drive its adoption across diverse applications. Consequently, the Asia-Pacific regional segment emerges not just as a major IGZO producer but also as a substantial consumer, underlining its global market share.

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.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

• 2.1 Research Framework
• 2.2 Secondary Research
• 2.3 Primary Research Approach and Key Respondents
• 2.4 Data Triangulation and Insight Generation

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Market Overview
• 4.2 Industry Attractiveness - Porter's Five Forces Analysis
  • 4.2.1 Bargaining Power of Suppliers
  • 4.2.2 Bargaining Power of Buyers
  • 4.2.3 Threat of New Entrants
  • 4.2.4 Threat of Substitute Products
  • 4.2.5 Intensity of Competitive Rivalry
• 4.3 Technology Snapshot
• 4.4 Market Drivers
  • 4.4.1 Advancements in High Resolution Technologies
  • 4.4.2 Emphasis on Energy-saving Technology
• 4.5 Market Restraints
  • 4.5.1 Competitors, Such as Low-temperature Polycrystalline Silicon (LTPS)
• 4.6 Assessment of the Impact of COVID-19 on the Industry

5 MARKET SEGMENTATION

• 5.1 By Application
  • 5.1.1 Smartphones
  • 5.1.2 Wearable Devices
  • 5.1.3 Wall-mounted Displays
  • 5.1.4 Televisions
  • 5.1.5 Tablets, Notebooks, and Laptops
  • 5.1.6 Other Appplications
• 5.2 By End User
  • 5.2.1 Automotive
  • 5.2.2 Consumer Electronics
  • 5.2.3 Healthcare
  • 5.2.4 Industrial
  • 5.2.5 Other End Users
• 5.3 By Geography
  • 5.3.1 North America
  • 5.3.2 Europe
  • 5.3.3 Asia-Pacific
  • 5.3.4 Rest of the World

6 COMPETITIVE LANDSCAPE

• 6.1 Company Profiles
  • 6.1.1 Sharp Corporation
  • 6.1.2 Apple Inc.
  • 6.1.3 Sony Corporation
  • 6.1.4 ASUSTEK Computer Inc.
  • 6.1.5 LG Electronics
  • 6.1.6 AU Optronics
  • 6.1.7 Samsung Electronics Co. Ltd
  • 6.1.8 Fujitsu Limited

7 INVESTMENT ANALYSIS AND FUTURE TRENDS

• 7.1 Investment Analysis
• 7.2 Future of the Market