A flat panel display is a very thin display screen used in monitors, televisions and other portable devices. These displays deploy in of variety of electronic visual display technologies. These are lighter and thinner than traditional CRT (cathode ray tubes).These are generally 10 cm thick and are commonly used in video displays and television sets. Flat panel displays mostly use LCD (liquid crystal display) technology.
Advancements in display technologies have been crucially shaping the consumer electronics space and have gained prominence owing to high smartphone and smart device proliferation on a global scale. Digital transformation of all walks of life and increasing Internet penetration are also augmenting the demand for advanced flat panel displays.
A far-fetched dream of having interactive sci-fi-esque displays is on the brink of manifesting itself into a reality with continual advancements in display technology. With technologies peaking their developmental phases and entering into the refinement phase, we could see some major breakthroughs in flat panel displays going forward.
From micro LEDs to head-up displays, the future of display technologies is here and it’s changing fast. Flat panel display makers are launching advanced displays for different applications and focusing on generating more revenue to compete with other players in this highly competitive landscape.
Folding screens are no more a futuristic concept and displays are now ready to leave their physical form and move into the third dimension with technologies such as 3D holographs, augmented reality, and virtual reality. Smart glasses and holographic projectors could emerge as the future of display technologies and render display panels useless in the coming years.
Increased demand for flat panel displays in mobile devices has accelerated market growth. In addition, advantages of advanced flat panel display over traditional displays are expected to increase the demand for these displays in the near future. However, high cost associated with these displays is hindering the growth of the flat panel display market. The flat panel display market is projected to witness double-digit growth in the next six years.
The global flat panel display market has been segmented based on display technologies, applications and end-users. The various display technologies used in flat panel displays include LCD (liquid crystal display), plasma display, electroluminescent panels and OLED (organic light emitting diode). The flat panel display market has been segmented based on applications into various categories including television, monitor, smartphone, tablet, laptop, digital camera, video camera and other mobile devices. The flat panel display market has also been segmented based on major geographical regions into North America, Europe, Asia Pacific and Rest of the World.
Key players in the market include Samsung Electronics, LGDisplay, Panasonic Corporation, Hitachi, Ltd. and AU Optronics. Samsung Electronics and LG Display are the major companies operating in the global flat panel display market.