DEMAND IS INCREASING FOR LCD FLAT PANEL DISPLAY FOR DIFFERENT APPLICATIONS
LCDs find application in a wide range of devices such as smartphones, notebooks, televisions, curved TVs, tablets, digital signage and offer various other benefits with regard to performance and lightweight properties. Majority of top players in the industry manufacture LCDs according to end-use.
- For instance, Samsung introduced big displays such as SMART signage TV, smart signage platforms, video walls and thin bezel, as per client requirement.
Global Flat Panel Display Market: Forecast
According to the report Flat Panel Display Market: Global Industry Analysis and Opportunity Assessment 2019-2027 published by FMI. The revenue generated by global flat panel display market is estimated to reach US$ 177,339 Mn by 2027. The CAGR of the global flat panel display market during the period 2019-2027 was 4.1%.
In technology segment the liquid crystal display LCD is estimated to hold significant share as LCD manufacturers are innovating the LCD product line and introducing new technology to sustain in the market. Also TV manufacturers are focusing on innovating by combining LCD panels with quantum dot technology, as these are more energy-efficient and cost-effective than OLED panels.
In application category, the Consumer Electronics segment is estimated to hold the largest share among other segments by application in the forecast period. Use of flat panel display is increasing in consumer electronics devices like smartphones, televisions because flat panel display provides high quality, larger display size and high resolution.
Asia Pacific to Display Potential Growth for Flat Panel Display Market
The Asia Pacific region is anticipated to witness an impressive growth rate in the flat panel display market, during the forecast period. Asia Pacific region is witnessing increasing investment in flat panel display manufacturing plants due to low manufacturing cost and mass production facilities. Flat panel display manufacturing is dominant in emerging economies such as China, and others. Mass production and cost efficiency give these economies the competitive edge. Also, FPD manufacturers in this region invest substantially in R&D initiatives.
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FREQUENTLY ASKED QUESTIONS ABOUT FLAT PANEL DISPLAY MARKET
What are the future opportunities in the flat panel display market?
Increasing use of flat panel display in healthcare industry is creating opportunities for manufacturers as the demand for high-pixel density display for diagnostic in healthcare is increasing. The demand is increasing for new surgical platforms that consists of ultra-high level of brightness to avoid glare and reflection in high light environment so there are opportunities for manufacturers to develop these platforms.
What are the major challenges for flat panel display market?
High cost of new display technologies such as quantum dot display, and transparent display, steady growth of personal computers, tablets are restricting growth of the flat panel display market.
Which technology will have significant revenue growth?
The liquid crystal display (LCD) technology will have significant growth as LCD display are used for advertisement, education purpose and in corporate sectors and LCD consumes less amount of power compared to CRT and LED. The demand for LCD is increasing in smartphone manufacturing.
Which application area holds potential growth opportunities for market players?
The consumer electronics segment holds potential growth opportunities as the use of flat panels is increasing in electronics like television, mobile devices, industrial and medical equipments.
Which region is expected to be at forefront in the flat panel display market?
Asia Pacific excluding Japan is anticipated to remain at forefront, offering high growth opportunities for players in the flat panel display market owing to the increasing demand for signage and professional displays in corporate sectors in the region.
Who are the major companies leading the flat panel display market?
Prominent companies in the flat panel display market include LG Digital, Sony Corporation, Innolux Corp, Sharp Corporation, Panasonic Corporation, Samsung Electronics, AU Optronics.
Flat Panel Display market: Segmentation
The global Flat Panel Display market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
- Liquid Crystal Display
- Plasma Display
- Organic Light Emitting Diode Display
- Consumer Electronics Acquisition
- LCD Television
- Mobile Phone
- Personal Computer
- North America
- Latin America
- Asia Pacific excluding Japan
- Middle East & Africa