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The global TFT-LCD display panel market attained a value of USD 181.67 billion in 2022. It is expected to grow further in the forecast period of 2023-2028 with a CAGR of 5.2% and is projected to reach a value of USD 246.25 billion by 2028.

The current global TFT-LCD display panel market is driven by the increasing demand for flat panel TVs, good quality smartphones, tablets, and vehicle monitoring systems along with the growing gaming industry. The global display market is dominated by the flat panel display with TFT-LCD display panel being the most popular flat panel type and is being driven by strong demand from emerging economies, especially those in Asia Pacific like India, China, Korea, and Taiwan, among others. The rising demand for consumer electronics like LCD TVs, PCs, laptops, SLR cameras, navigation equipment and others have been aiding the growth of the industry.

TFT-LCD display panel is a type of liquid crystal display where each pixel is attached to a thin film transistor. Since the early 2000s, all LCD computer screens are TFT as they have a better response time and improved colour quality. With favourable properties like being light weight, slim, high in resolution and low in power consumption, they are in high demand in almost all sectors where displays are needed. Even with their larger dimensions, TFT-LCD display panel are more feasible as they can be viewed from a wider angle, are not susceptible to reflection and are lighter weight than traditional CRT TVs.

The global TFT-LCD display panel market is being driven by the growing household demand for average and large-sized flat panel TVs as well as a growing demand for slim, high-resolution smart phones with large screens. The rising demand for portable and small-sized tablets in the educational and commercial sectors has also been aiding the TFT-LCD display panel market growth. Increasing demand for automotive displays, a growing gaming industry and the emerging popularity of 3D cinema, are all major drivers for the market. Despite the concerns about an over-supply in the market, the shipments of large TFT-LCD display panel again rose in 2020.

North America is the largest market for TFT-LCD display panel, with over one-third of the global share. It is followed closely by the Asia-Pacific region, where countries like India, China, Korea, and Taiwan are significant emerging market for TFT-LCD display panels. China and India are among the fastest growing markets in the region. The growth of the demand in these regions have been assisted by the growth in their economy, a rise in disposable incomes and an increasing demand for consumer electronics.

The report gives a detailed analysis of the following key players in the global TFT-LCD display panel Market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

Global TFT LCD Display Modules Market is expected to grow at a significant CAGR of 10.6% by 2023 as the scope and its applications are rising enormously across the globe. Thin-Film Transistor is abbreviated as TFT. TFT LCD Display Modules are liquid-crystal display modules with thin-film transistor technology. They are suitable for several applications like point of sale devices, smartphones, game consoles, navigation systems, and others. TFT LCD Display Modules Market is segmented based on product size, application, and region. 10.1" TFT LCD, 9" TFT, 8 " TFT, 7 " TFT LCD, 5.7 inch Display, 5.6 TFT LCD, 5 TFT LCD, 4.3 inch TFT LCD, 3.5" TFT Display, 3.2" TFT LCD, 2.8" TFT LCD, 2.4" TFT LCD, and other product sizes could be explored in TFT LCD Display Modules in the forecast period. The market may be categorized based on applications like industrial, automotive, medical, consumer electronics, appliance, and others that could be explored in the forecast period. TFT LCD Display Modules Market is segmented geographically into Americas (North America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Latin America (Mexico, Argentina, and Brazil), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

Globally, North America may account for the substantial market share of TFT LCD Display Modules and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of key manufacturers in the region and rising use of enhanced technology. The United States is a major consumer of TFT LCD Display Modules in this region. Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the fastest pace in the foremost period. The developing countries like India and China are the major consumers of TFT LCD Display Modules in this region. The key players of TFT LCD Display Modules Market are Displaytech, Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric, SHARP CORPORATION, Siemens AG, SAMSUNG Display, LG Display, Chi Mei Corporation, HannStar Display Corporation, and AU Optronics Corp. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

The report segments the market and forecasts its size, by volume and value, on the basis of application (automotive, consumer electronics, appliance, medical, industrial, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America). The report covers forecast and analysis for the TFT LCD Display Modules market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the TFT LCD Display Modules market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the TFT LCD Display Modules market on a global level.

Access 118 page research report with TOC on"TFT LCD Display Modules Market"available with Radiant Insights, Inc. @https://www.radiantinsights.com/research/global-tft-lcd-display-modules-market-outlook-2018-2023

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global TFT LCD Display Modules market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile. The research report provides analysis and information according to market segments such as geographies, types and applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global TFT LCD Display Modules market.Key Applications: Automotive

The new report by Expert Market Research titled, ‘Global TFT-LCD Display Panel Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the globalTFT-LCD display panel market share, assessing the market based on its segments like size, application and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The current worldwide TFT-LCD display panel market is being driven by rising demand for flat panel TVs, high-quality smartphones, tablets, and car monitoring systems, as well as the expanding gaming industry. The flat panel display dominates the global display industry, with TFT-LCD display panels being the most popular flat panel type and is being driven by significant demand from growing nations, particularly those in Asia Pacific such as India, China, Korea, and Taiwan, among others. The increased demand for consumer electronics such as LCD TVs, PCs, laptops, SLR cameras, navigation devices, and others has aided the industry’s growth.

TFT-LCD displays are a type of liquid crystal display in which each pixel is connected to a thin film transistor. TFT has been used in all LCD computer screens since the early 2000s because it has a faster response time and greater colour fidelity. They are in high demand in practically all sectors where displays are required due to their advantageous qualities like as light weight, slimness, high resolution, and low power consumption. TFT-LCD display panels, despite their bigger dimensions, are more practical since they can be viewed from a broader angle, are not prone to reflection, and are lighter in weight than classic CRT TVs.

The global TFT-LCD display panel market is being pushed by rising household demand for average and large-sized flat-screen televisions, as well as rising desire for small, high-resolution smart phones with large screens. The growing demand for portable and small-sized tablets in the educational and commercial sectors has also contributed to the growth of the TFT-LCD display panel market. Expanding demand for vehicle displays, a thriving gaming industry, and the growing popularity of 3D movies are all important market drivers. Despite concerns about market oversupply, shipments of large TFT-LCD display panels increased again in 2020.

With more than one-third of the global share, North America is the largest market for TFT-LCD display panels. It is closely followed by the Asia-Pacific area, which includes nations such as India, China, Korea, and Taiwan, which are key rising markets for TFT-LCD display panels. China and India are two of the region’s fastest developing economies. The expansion of demand in these regions has been aided by the expansion of their economies, an increase in disposable incomes, and an increase in desire for consumer electronics.

The major players in the market are Samsung, LG Electronics Inc, Sharp Electronics Corporation, BOE Technology Group Co Ltd, AU Optronics Corp, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.