lcd panel market share in stock

The upstream materials or components of the LCD panel industry mainly include liquid crystal materials, glass substrates, polarizing lenses, and backlight LEDs (or CCFL, which accounts for less than 5% of the market).

The middle reaches is the main panel factory processing and manufacturing, through the glass substrate TFT arrays and CF substrate, CF as upper and TFT self-built perfusion liquid crystal and the lower joint, and then put a polaroid, connection driver IC and control circuit board, and a backlight module assembling, eventually forming the whole piece of LCD module. The downstream is a variety of fields of application terminal-based brand, assembly manufacturers. At present, the United States, Japan, and Germany mainly focus on upstream raw materials, while South Korea, Taiwan, and the mainland mainly seek development in mid-stream panel manufacturing.

With the successive production of the high generation line in mainland China, the panel production capacity and technology level have been steadily improved, and the industrial competitiveness has been gradually enhanced. Nowadays, the panel industry is divided into three parts: South Korea, mainland China, and Taiwan, and mainland China is expected to become the no.1 in the world in 2019.

In the past decade, China’s panel display industryhas achieved leapfrog development, and the overall size of the industry has ranked among the top three in the world. Chinese mainland panel production capacity is expanding rapidly, although Japanese panel manufacturers master a large number of key technologies, gradually lose the price competitive advantage, compression panel production capacity. Panel production is concentrated in South Korea, Taiwan, and China, which is poised to become the world’s largest producer of LCD panels.

Up to 2016, BOE‘s global market share continued to increase: smartphone LCD, tablet PC display, and laptop display accounted for the world’s first market share, and display screen increased to the world’s second, while TV LCD remained the world’s third. In LCD TV panels, Chinese panel makers have accounted for 30 percent of global shipments to 77 million units, surpassing Taiwan’s 25.5 percent market share for the first time and ranking second only to South Korea.

In terms of the area of shipment, the area of board shipment of JD accounted for only 8.3% in 2015, which has been greatly increased to 13.6% in the first half of 2016, while the area of shipment of hu xing optoelectronics in the first half of 2015 was only 5.1%, which has reached 7.8% in the first half of 2016. The panel factories in mainland China are expanding their capacity at an average rate of double-digit growth and transforming it into actual shipments and areas of shipment. On the other hand, although the market share of South Korea, Japan, and Taiwan is gradually decreasing, some South Korean and Japanese manufacturers have been inclined to the large-size HD panel and AMOLED market, and the production capacity of the high-end LCD panel is further concentrated in mainland China.

Domestic LCD panel production line capacity gradually released, overlay the decline in global economic growth, lead to panel makers from 15 in the second half began, in a low profit or loss, especially small and medium-sized production line, the South Korean manufacturers take the lead in transformation strategy, closed in medium and small size panel production line, South Korea’s 19-panel production line has shut down nine, and part of the production line is to research and development purposes. Some production lines are converted to LTPS production lines through process conversion. Korean manufacturers are turning to OLED panels in a comprehensive way, while Japanese manufacturers are basically giving up the LCD panel manufacturing business and turning to the core equipment and materials side. In addition to the technical direction of the research and judgment, more is the LCD panel business orders and profits have been severely compressed, Korean and Japanese manufacturers have no desire to fight. Since many OLED technologies are still in their infancy in mainland China, it is a priority to move to high-end panels such as OLED as soon as possible. Taiwanese manufacturers have not shut down factories on a large scale, but their advantages in LCD technology and OLED technology have been slowly eroded by the mainland.

STONE provides a full range of 3.5 inches to 15.1 inches of small and medium-size standard quasi TFT LCD module, LCD display, TFT display module, display industry, industrial LCD screen, under the sunlight visually highlight TFT LCD display, industrial custom TFT screen, TFT LCD screen-wide temperature, industrial TFT LCD screen, touch screen industry. The TFT LCD module is very suitable for industrial control equipment, medical instruments, POS system, electronic consumer products, vehicles, and other products.STONE provides a full range of 3.5 inches to 15.1 inches of small and medium-size standard quasi TFT LCD module, LCD display, TFT display module, display industry, industrial LCD screen, under the sunlight visually highlight TFT LCD display, industrial custom TFT screen, TFT LCD screen-wide temperature, industrial TFT LCD screen, touch screen industry. The TFT LCD module is very suitable for industrial control equipment, medical instruments, POS system, electronic consumer products, vehicles, and other products.

The global LCD TV (Liquid Crystal Display Television) market was dominated by Samsung and remained so in 2021 with a market share of over 19 percent by sales volume. LG Electronics takes second place with close to 13 percent in the same year, to beat TLC, one of the well-established brands in this segment.Read moreMarket share of leading LCD TV manufacturers worldwide from 2019 to 2021, by sales volumeCharacteristic202120202019----

TCL. (March 11, 2022). Market share of leading LCD TV manufacturers worldwide from 2019 to 2021, by sales volume [Graph]. In Statista. Retrieved December 20, 2022, from https://www.statista.com/statistics/1266996/global-leading-manufacturers-lcd-tv-market-share-sales-volume/

TCL. "Market share of leading LCD TV manufacturers worldwide from 2019 to 2021, by sales volume." Chart. March 11, 2022. Statista. Accessed December 20, 2022. https://www.statista.com/statistics/1266996/global-leading-manufacturers-lcd-tv-market-share-sales-volume/

TCL. (2022). Market share of leading LCD TV manufacturers worldwide from 2019 to 2021, by sales volume. Statista. Statista Inc.. Accessed: December 20, 2022. https://www.statista.com/statistics/1266996/global-leading-manufacturers-lcd-tv-market-share-sales-volume/

TCL. "Market Share of Leading Lcd Tv Manufacturers Worldwide from 2019 to 2021, by Sales Volume." Statista, Statista Inc., 11 Mar 2022, https://www.statista.com/statistics/1266996/global-leading-manufacturers-lcd-tv-market-share-sales-volume/

TCL, Market share of leading LCD TV manufacturers worldwide from 2019 to 2021, by sales volume Statista, https://www.statista.com/statistics/1266996/global-leading-manufacturers-lcd-tv-market-share-sales-volume/ (last visited December 20, 2022)

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:

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

"TFT LCD Panel Market" report presents a comprehensive overview, market shares, and growth opportunities of TFT LCD Panel market by product type, application, key manufacturers and key regions and countries. The global TFT LCD Panel market size is projected to reach Multimillion USD by 2028, in comparision to 2021, at unexpected CAGR during 2022-2028.

TFT LCD PanelMarket Research Report is spread across 100 Pages with 145 Number of Tables and Figures that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

In light of COVID-19, the report includes a range of factors that impacted the market. It also discusses the trends. Based on the upstream and downstream markets, the report precisely covers all factors, including an analysis of the supply chain, consumer behavior, demand, etc. Our report also describes how vigorously COVID-19 has affected diverse regions and significant nations.

The Global TFT LCD Panel market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2020, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Thin film transistors (TFT) is an active-matrix LCD accompanied by an improved image-quality where one of the transistor for every pixel operates the illumination of the display permitting an easy view even in bright surroundings.

This report focuses on global and United States TFT LCD Panel market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global TFT LCD Panel market size is estimated to be worth USD 131490 million in 2022 and is forecast to a readjusted size of USD 174200 million by 2028 with a CAGR of 4.8% during the review period. Fully considering the economic change by this health crisis, by Type, Small-Sized accounting for % of the TFT LCD Panel global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Televisions was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.

In United States the TFT LCD Panel market size is expected to grow from USD million in 2021 to USD million by 2028, at a CAGR of % during the forecast period.

TFT LCD Panel market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global TFT LCD Panel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the TFT LCD Panel market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Report further studies the market development status and future TFT LCD Panel Market trend across the world. Also, it splits TFT LCD Panel market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.

On the basis of the end users/applicationsthis report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of TFT LCD Panel in these regions, from 2015 to 2027, covering ● North America (United States, Canada and Mexico)

Some of the key questions answered in this report: ● What is the global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) sales value, production value, consumption value, import and export of TFT LCD Panel?

● Who are the global key manufacturers of the TFT LCD Panel Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.

Precision Reports is the credible source for gaining the market reports that will provide you with the lead your business needs. At Precision Reports, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

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The global display market size was valued at $114.9 billion in 2021, and is projected to reach $216.3 billion by 2031, growing at a CAGR of 6.7% from 2022 to 2031.

Display includes screen, computer output surface, and a projection surface that displays content, mainly test, graphics, pictures, and videos utilizing cathode ray tube (CRT), light-emitting diode (LED), liquid crystal display (LCD), and other technologies. These displays are majorly incorporated in devices such as televisions, smartphones, tablets, laptops, vehicles, and others. Emergence of advanced technologies offer enhanced visualizations in several industry verticals, which include consumer electronics, retail, sports & entertainment, and transportation. 3D displays are in trend in consumer electronics and entertainment sector.

In addition, flexible display technologies witness popularity at a high pace. Moreover, display technologies such as organic light-emitting diode (OLED) have gained increased importance in products such as televisions, smart wearables, smartphones, and other devices. Smartphone manufacturers plan to incorporate flexible OLED displays to attract consumers. Furthermore, the market is also in the process of producing energy saving devices, primarily in wearable devices.  However, high cost of the transparent and quantum dot display technologies. Hence, need for such high costs associated with display products may hamper growth of the market. Furthermore, adoption of AR/VR devices and commercialization of autonomous vehicles are expected to provide lucrative display market opportunity for the growth of the market.

The COVID-19 pandemic is impacting the society and overall economy across the global. The impact of this outbreak is growing day-by-day as well as affecting the supply chain. It is creating uncertainty in the massive slowing of supply chain, and increasing panic among customers. European countries under lockdowns have suffered major loss of business and revenue due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries have been heavily impacted by the outbreak of COVID-19, which led to slowdown in the display market growth.

By display type, the display market outlook is divided into flat panel display, flexible panel display, and transparent panel display. Flat panel display segment was the highest revenue contributor to the market, in 2021. The flexible panel display segment dominated the display market growth, in terms of revenue, in 2021, and is expected to follow the same trend during the forecast period.

By industry vertical, the market it is divided into healthcare, consumer electronics, retail, BFSI, military & defense, transportation, and others.Consumer electronics accounted for largest display market share in 2021.

Region wise, the display market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically the China, remains a significant participant in the global display industry. Major organizations and government institutions in the country are intensely putting resources into these displays.

Top impacting factors of the market include high demand for flexible display technology in consumer electronic devices, increase in adoption of electronic components in the automotive sector, and rise in trend of touch-based devices. Surge in adoption of displays in touch screen devices, rise in need for AR/VR devices, and commercialization of autonomous vehicles are expected to create lucrative  in the future. Moreover, stagnant growth of desktop PCs, notebooks, and tablets hampers growth of the display market. However, each of these factors is expected to have a definite impact on growth of the display industry in the coming years.

The key players profiled in this report include LG Display Co. Ltd., Samsung Electronics Co. Ltd., AU Optronics, Japan Display Inc., E Ink Holdings Inc., Hannstar Display Corporation, Corning Incorporated, Kent Displays Inc., NEC Display Solutions, and Sony Corporation. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations to enhance their market penetration.

KEY BENEFITSFOR STAKEHOLDERSThis study comprises analytical depiction of the display market forecast along with the current trends and future estimations to depict the imminent investment pockets.

Key Market Players Samsung Electronics Co Ltd, Sharp Corporation, Japan Display Inc, Innolux Corporation, NEC CORPORATION, Panasonic Corporation, BOE Technology Group Co., Ltd., AUO Corporation, Sony Corporation, Leyard Optoelectronic Co., Ltd, LG Display Co Ltd

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While global sales of smartphones have decreased, global shipments of smartphone-use flexible OLED panels keep increasing but those of rigid OLED panels have slipped, according to industry sources.

As global demand for XR (extended reality) headsets is expected to take off in 2023, microLED panels tend to surpass LCD and OLED panels to become mainstream, specifically for XR devices, according to South Korea-based Money Today.

LCD panel maker Innolux has reported consolidated revenue of NT$16.182 billion (US$529.25 million) for November, growing 3.61% sequentially but slipping 39.15% on year.

Samsung Electronics continues to hold the top spot in the global TV market in terms of unit sales, while LG Electronics and China-based Hisense and TCL strive for second place, according to market sources.

LG Display (LGD) will bring to an end production of LCD panels at its P7 plant in Paju, northern South Korea, sooner in mid-December 2022 or later at the end of the month, and thus end production of all LCD panels in South Korea, according to South Korea-based TheElec.

Chinese panel makers including BOE, TCL CSOT, and Visionox have been acting keenly to expand AMOLED capacities, following the footsteps of Korea-based Samsung Display and LG Display, according to DIGITIMES Research"s latest study.

Global OLED Technology (GOT), LG Display"s (LGD) subsidiary that owns and licenses OLED technology patents, sent warning to China-based panel maker BOE Technology against infringing on such patents in the first half of 2022, according to South Korea-based media The Elec.

LCD panel maker AUO has announced its consolidated revenue in November reached NT$17.48 billion (US$571.26 million), up by 1.7% month-over-month but down 43.4% year-over-year.

As the display industry stays in stagnation, Taiwan-based PMOLED panel makers, including Ritdisplay and Wisechip Semiconductor, have been venturing into new business segments.

PMOLED (passive matrix OLED) panel maker Ritdisplay has stepped into battery business by establishing subsidiary battery maker Ritwin and investing in Welltech Energy, and expects the battery business to mainly drive business growth in the future, according to the company.

Sales promotion of TVs at the Double 11 (November 11) online shopping festival in the China market and the Black Friday & Cyber Monday shopping festival in the US market has helped TV vendors lower inventory levels and, in turn, is conducive to a rebound in demand for TV-use LCD panels, according to president James Yang for TFT-LCD panel maker Innolux and president Frank Ko for fellow maker AUO.

Samsung Display (SDC) shipped 86.3 million OLED panels for smartphones and smart wearable devices globally in third-quarter 2022, taking a worldwide market share of 62.9%, down 5.9pp sequentially, iNews 24 cited Stone Partners statistics as indicating.

Dublin, Sept. 27, 2021 (GLOBE NEWSWIRE) -- The "Global TFT LCD Display Panel Market Report and Forecast 2021-2026" report has been added to ResearchAndMarkets.com"s offering.

The global TFT-LCD display market attained a value of approximately USD 164 billion in 2020. Aided by use of TFT-LCD displays in automotive, the market is projected to further grow at a CAGR of 5.2% between 2021-2026 to reach USD 223 billion by 2026.

TFT-LCD display is a kind of liquid crystal display where each pixel is attached to a film transistor to improve colour quality, as each pixel on a TFT-LCD is attached to a transistor. TFT is deployed in all computer screens television screens since the start of century, because the technology offers better response time and improved colour quality than older technologies and prevents distortion of image. With favourable properties like light weight, slim, and high-resolution features, and due to the small size of each transistor, they consume less power owing to which TFT-LCD displays find applications in nearly every electronic device with a display including smartphones, television screens, computers, and PCs.

The market demand for TFT-LCD display can be attributed to increasing deployment of TFT-LCD display in average and large sized flat panel TVs in the household sector. The growing demand for slim, high resolution smart phones among the younger generation, owing to the work from home trends is further invigorating market growth. Other electronic devices like PCs and desktops that deploy TFT-LCD display for better screen resolution, sharp, and vibrant colours are supporting the market growth.

Due to the rapidly expanding industrialisation and a subsequent rise in disposable incomes, especially in emerging economies of the Asia-Pacific region like India and China, the market demand for personal vehicles equipped with LCD displays for specific functions and entertainment purposes is positively impacting the market growth of TFT-LCD displays. Furthermore, transportation vehicles like aeroplanes, trains, and, buses are emerging as users of TFT-LCD displays, aided by government spending on public transport. Therefore, a rising demand for TFT-LCD displays from the automotive sector is providing lucrative industrial growth opportunities.

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments of the key players in the industry.

ResearchAndMarkets.com is the world"s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Display Market size was valued at USD 127.2 Billion in 2020 and is projected to reach USD 160.36 Billion by 2028, growing at a CAGR of 2.9% from 2021 to 2028.

The major factors driving industry growth are the increasing adoption of OLED displays in smartphones huge investments, coupled with government support for the construction of new OLED and LCD panel manufacturing facilities are the major factors expected to propel the Display Market. Increasing demand for 4K and 8K displays with the availability of UHD content and increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles are some other factors that support market growth. Moreover, the emerging use cases such as smart displays, smart mirrors, smart home appliances, and holographic displays can create the opportunity for market growth.

A screen, a computer output surface, and a projection surface display text and graphics using a cathode ray tube, light-emitting diode, liquid crystal display, or other technologies. It may be used in a variety of areas, including television, cellphones, tablets, laptops, cars, public transportation, and many others. The growing demand for OLED-based products, technological advancements and the development of smart wearable devices, and expansion in the flexible device industry are all key market drivers. However, as smart mirrors and smart displays become more widely used in many end-use sectors, firms in the target market may see increased income prospects.

The usage of organic light-emitting diode screens in smartphones and televisions is driving the Display Market forward. Another element driving target market expansion is the use of technologically superior, lightweight, thin, and energy-efficient displays. Furthermore, the growing popularity of smart wearables among consumers is projected to fuel the Display Market growth in the near future. However, the Global Display Market growth is being hampered by changing display panel costs and the high cost of technologically sophisticated display panels.

The major factors driving industry growth are the increasing adoption of OLED displays in smartphones; huge investments, and coupled government support for the construction of new OLED and LCD panel manufacturing facilities, and these are the major factors expected to propel the targeted market. Increasing demand for 4K and 8K displays with the availability of UHD content and increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles are some other factors that support market growth.

The deployment of wide-screen alternatives, such as projectors and screen-less displays might act as hindering factor. Moreover, the emerging use cases such as smart displays, smart mirrors, smart home appliances, and holographic displays can create the opportunity for market growth. Nowadays, display gadgets are also used in the car business. LG Display, for example, has declared that it will begin production of a head-up display system for the vehicle industry in response to this potential. LG’s vehicle display gadget is a flexible, transparent display that can be wheeled about. The heads-up display may be used in a variety of ways and has a variety of functions to improve your driving experience.

As touch-based gadgets have become more accessible in recent years, the number of devices using touch sensors has expanded tremendously. Touch-based devices necessitate the use of a display panel, which aids in the growth of display devices. As a result, a large range of home appliances, such as refrigerators, microwaves, washing machines, chimneys, and others, are equipped with touch-sensitive displays. Furthermore, the automobile industry has seen an increase in the use of advanced display devices in vehicles, such as navigation systems, digital dashboards, digital rearview mirrors, and heads-up displays, among others.

Due to the complicated and enormous architecture of commercial buildings such as malls, theatres, entertainment centers, and others, the use of digital signage and touch-based displays has expanded. Touch sensors are built into these screens, which the user can use to navigate and extract other information. As a result, the expansion of the Display Market is fueled by the trend of touch-based gadgets.

Based on Display Type, The market is segmented into Flat Panel Display, Transparent Panel Display, Flexible & Foldable Panel Display, And 3D Display. The Global Display Market is being driven by advancements in flexible displays, an increase in demand for OLED display devices, and a rise in the popularity of touch-based devices. However, the market is hampered by the high cost of new display technologies such as transparent displays and quantum dot screens, as well as the sluggish growth of desktop PCs, notebooks, and tablets. Furthermore, the Global Display Market is likely to benefit from new applications in flexible display technologies, which are expected to generate lucrative growth prospects.

Based on Technology, The market is segmented into OLED, LED, Micro-LED, Direct-View LED, LCD, And Others. Over the previous few decades, LCD technology has been widely used in display products. LCD-based devices are currently used in a variety of areas, including retail, corporate offices, and banks. During the forecast period, however, LED technology is expected to grow at a rapid pace. The market for LED technology is being driven by advancements in LED technology and its energy-efficient nature. High competition from newer technologies, a disruption in the supply-demand ratio, and a drop in LCD display panel ASPs are likely to force the LCD display industry into negative growth throughout the projection period.

Based on Product, The market is segmented into Smartphone, Television, PC Monitor & Laptop, Automotive Display, And Others. Smartphones are likely to account for a significant portion of the industry. The rising usage of OLED and flexible screens by smartphone makers will drive this growth. Shipments of high-cost flexible OLED displays are rapidly expanding, and this trend is projected to continue during the forecast period. The smart wearables segment has emerged as the global market’s new growth route. The market for these devices is fast-growing, and with the widespread adoption of AR/VR technologies, demand for smart wearables is likely to skyrocket over the forecast period.

Based on Industry, The market is segmented into Consumer, Transportation, Retail, Hospitality & BFSI, Education, Healthcare, Military, Defense, and Aerospace, And Others.

Based on Geography, The Global Display Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Display Market is dominated by North America, which is predicted to develop at a healthy rate in terms of earnings over the projection period. Because of their high disposable income, consumers are adopting technologically improved electronic products, which is driving market expansion. In the foreseeable future, the market is projected to see significant earnings growth. The target market in the region is driven by the existence of core performance manufacturing.

The “Global Display Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are LG Display, AU Optronics, Japan Display (JDI), Tianma Microelectronics, Samsung Electronics, SHARP (Foxconn), Truly International, BOE Technology, Innolux Corporation, and China Star Optoelectronics Technology (CSOT) (CDOT) (TCL).

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

In January 2019, the first 15.6-inch OLED panel has been introduced by Samsung Electronics in the notebook market. In addition, the panel will deliver brighter colors and deeper blacks compared to 4K LCD-based screens.

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.

• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Display Market was valued at USD 127.2 Billion in 2020 and is projected to reach USD 160.36 Billion by 2028, growing at a CAGR of 2.9% from 2021 to 2028.

Increasing demand for 4K and 8K displays with the availability of UHD content and increasing deployment of HUD, central stack display, and instrument cluster in automotive vehicles are some other factors that support market growth.

The sample report for the Display Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.

The global display panel market size is expected to reach USD 163.88 Billion in 2030 and register a revenue CAGR of 10.3% over the forecast period, according to latest report. The market is expected to gain significant traction over the forecast period, on account of the rising demand from consumer electronics industry. The product finds its application in televisions, PCs, laptops, and smartphones among others. The product is used as a key display component in these devices.

In recent years, there has been a surge in the demand for consumer electronics globally. This is attributable to the declining prices of these devices and the increasing purchasing power of consumers. The rising disposable incomes and the changing lifestyle of people are some of the other factors that have contributed to the growth of the consumer electronics market. This, in turn, is expected to boost the demand for display panels over the forecast period.

The global display panel market is being driven by the ever-growing demand for display panels in various applications such as televisions, smartphones, laptops, and others. The advancement in technology has led to the development of new and innovative display panel technologies, which are being used in these applications. The major players in the market are investing heavily in research and development activities to bring out new products with better features. The competition in the market is intense as the major players are striving to maintain their share.

The new trend of foldable display panels is expected to bring new development opportunities to the display panel industry in 2019. In addition, as the 5G commercial deployment is approaching, the adoption of 5G-enabled smartphones will gradually increase, which is also expected to drive the demand for advanced display panels.

Some Key Highlights from the ReportIn July 2021, The TCL Group announced a new product line of display panels at the SID Display Week. The product line includes three types of display panels: LCD, AMOLED and OLED. The company claims that the product line offers the world"s widest color gamut, the highest brightness, and the best contrast ratio.

The revenue share of the LCD segment is expected to increase at a CAGR of 10.1% from 2021 to 2027. This is due to the widespread adoption of LCDs in televisions, computers, and mobile phones. The TFT-LCD display panel market is estimated to reach USD 92.55 billion by 2027. The OLED segment is expected to grow at the highest CAGR during the forecast period.

The North American market is expected to witness significant growth over the forecast period, on account of the growing demand from consumer electronics and automotive industries in the region. The United States is one of the leading markets for consumer electronics in the world. The growing demand for smart TVs and other connected devices is expected to boost the demand for display panels in the region.

For this report, the publisher has segmented the global display panel market based on application, panel resolution, panel size, display type, end-use, and region:

This market research report includes a detailed segmentation of the global large area LCD display market by application (TVs, notebooks, monitors, tablets, and others). It outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are AU Optronics, BOE Technology, Innolux, LG Display, and Samsung Display.

Technavio’s research analyst predicts the global large area LCD display market to grow at a CAGR of 3% during the forecast period. The formation of UHD alliances is the primary growth driver for this market. During 2015, supply chain members of the global UHD TV market announced the formation of the UHD Alliance to support innovative technologies including 4K and higher resolution, high dynamic range, immersive 3D audio, and wider color gamut.

The decline in ASP of the LCD panel is expected to boost the market growth during the forecast period. During 2014, per meter square, ASP of LCD panel was $472, which declined to $416 during 2015. Vendors reduced the ASP to reduce excess inventory. The declining per square meter ASP of LCD panel drove the shipment of LCD display in terms of area.

During 2015, the TV segment dominated the large area LCD display market with a market share of 38%. The primary reason for the growth of this product segment was the strong demand for 4K TVs of 40 inches and larger screen size. During 2015, several manufacturers introduced 4K TVs ranging from 50 inches and above.

During 2015, APAC accounted for 81% of the market share and is expected to grow at a CAGR of 1% during the forecast period. The high concentration of display device manufacturers and LCD panel manufacturers in this region are the primary growth drivers. Technavio expects that the well-established supply chain for display devices in APAC would continue to support the dominance of this region in the market during the forecast period. China is emerging fast as a leading hub for large area TFT LCD display manufacturers because of the rise in the number of display device manufacturers in the country.

Manufacturing LCD display panels require economies of scale because the equipment used to manufacture displays are expensive. This presents high entry barriers for LCD display panel manufacturers. Currently, the global large area LCD display market is dominated by China, Japan, South Korea, and Taiwan in terms of production and revenue contribution. Chinese manufacturers have the advantage of manufacturing LCD panels at a lower cost. This has resulted in price wars among LCD manufacturers and has accelerated the declining ASP of LCD panels. Vendors such as LG and Samsung are under a lot of pressure as profit margins have come down because of increased competition.

Other prominent vendors in the market include Chi Mei Optoelectronics, Chunghwa Picture Tube (CPT), HannsTouch Solution, HannStar Display, InfoVision Optoelectronics, Japan Display, Kaohsiung Opto-Electronics, NEC Display Solutions, Panasonic, and Sharp.

The expansion of production LCD displays and their increased importance in automotive products drive the growth of the global automotive LCD display market.

The expansion of production LCD displays and their increased importance in automotive products drive the growth of the global automotive LCD display market. However, restricted view angle of LCD displays restricts the market growth. Moreover, increase in use of AR and VR devices in displays present new opportunities for the market in the coming years.

COVID-19 Scenario:The outbreak of the COVID-19 pandemic had a negative impact on the global automotive LCD display market, owing to temporary closure of manufacturing firms and disruptions in the supply chain during the prolonged lockdown.

European countries under lockdowns suffered major loss of businesses and revenues due to shutdown of manufacturing units in the region. Operations of production and manufacturing industries were heavily impacted by the outbreak of COVID-19, which led to the slowdown in the market growth.

Partnership/collaboration agreements with key stakeholders acted as a key strategy to sustain in the market. In the recent past, many leading players opted for product launch or partnership strategies to strengthen their foothold in the market.

Based on display size, the upto 7 inch segment held the highest market share in 2021, accounting for more than half of the global automotive LCD display market, and is estimated to maintain its leadership status throughout the forecast period. Moreover, the same segment is projected to manifest the

Based on vehicle type, the passenger car segment held the highest market share in 2021, accounting for nearly two-thirds of the global automotive LCD display market, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the huge demand for passenger cars throughout the world. However, the light commercial vehicle segment is projected to manifest the highest CAGR of 7.2% from 2022 to 2031, due to the adoption of advanced technologies.

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global automotive LCD display market, and is likely to dominate the market during the forecast period. Moreover, the same region is expected to witness the fastest CAGR of 6.2% from 2022 to 2031. Surge in demand for interactive display, video walls, and touchscreen technology in this region, is expected to boost the market growth. The report also discusses other regions including the North America, Europe, and LAMEA.

Key Benefits For Stakeholders:This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.

By Application (Smartphone & Tablet, Smart Wearable, Television & Digital Signage, PC & Laptop, Vehicle Display, and Others), Technology (OLED, Quantum Dot, LED, LCD, E-PAPER, and Others), Industry Vertical (Healthcare, Consumer Electronics, BFSI, Retail, Military & Defense, Automotive, and Others), Display Type (Flat Panel Display, Flexible Panel Display, and Transparent Panel Display): Global Opportunity Analysis and Industry Forecast, 2021-2031

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