lcd panel manufacturers market share 2018 price

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 24, 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 24, 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 24, 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 24, 2022)

In 2019 and 2020, BOE was the leading manufacturer in the monitor display panel market, holding 25 and 26 percent of the market, respectively. LG Display, the South Korean panel maker, ranked second, with a 21 percent share. The market share of another South Korean company, Samsung Display, was forecast to drop to one percent in 2021.Read moreMonitor display panel market share worldwide from 2019 to 2021, by supplierCharacteristicLGDBOESDCINXAUOCECCSOTHKC---------

TrendForce. (January 11, 2021). Monitor display panel market share worldwide from 2019 to 2021, by supplier [Graph]. In Statista. Retrieved December 24, 2022, from https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/

TrendForce. "Monitor display panel market share worldwide from 2019 to 2021, by supplier." Chart. January 11, 2021. Statista. Accessed December 24, 2022. https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/

TrendForce. (2021). Monitor display panel market share worldwide from 2019 to 2021, by supplier. Statista. Statista Inc.. Accessed: December 24, 2022. https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/

TrendForce. "Monitor Display Panel Market Share Worldwide from 2019 to 2021, by Supplier." Statista, Statista Inc., 11 Jan 2021, https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/

TrendForce, Monitor display panel market share worldwide from 2019 to 2021, by supplier Statista, https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/ (last visited December 24, 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.

The Liquid Crystal Display (LCD)-enabled electronic devices, such as television, mobile phones and others, is creating potential opportunities for the LCD panel market. In the past couple of years, LCD panels have gained popularity owing to their advanced properties that include less power consumption, compact size and low price.

Moreover, over the past two decades, the LCD technology of has made impressive progress. The electronic displays available at present make use of a wide variety of active LCD panels. The LCD panel market is one of the significantly growing markets due to the increasing demand for LCD displays & low power consumption electronic goods, as well as increase in the demand for touch-enabled displays.

An LCD panel is designed to project on-screen information. At present, LCD panels are suited with high-mobility electronic equipment. LCDs with improved video quality are gaining momentum in all developed and developing economies. These factors are projected to propel the global LCD panel market.

The major growth drivers of the LCD panel market include an increase in the demand for energy-efficient electronic products as well as for larger and 4K televisions. Furthermore, growth in the demand for energy-efficient electronic devices is surging the global LCD panel market.

Demand for high-quality screens, coupled with improving standards of living and inflating disposable income, are among key factors boosting the LCD Panel market. In addition, increase in the adoption of consumer electronic devices is projected to drive the global LCD panel market.

However, one of the major challenges of the LCD panel market are the higher cost and thickness of the display of these devices as compared to other modules. The LCD panel market is expected to witness sluggish and unpredictable growth owing to a quantitative decline in the number of LCD displays.

Moreover, financial uncertainty and macroeconomic situations around the world, such as fluctuating currency exchange rates and economic difficulties, are some of the major factors hindering the growth of the LCD panel market. However, increased competition from alternative technologies and LCD panel complex structure is likely to limit the growth of the LCD panel market.

At present, North America holds the largest market share for the LCD panel market due an increase in the demand for consumer electronic devices. Due to the presence of key LCD panel manufacturers in China and Japan, Asia Pacific is expected to become the prominent region for the LCD panel market.

In addition, the unorganized market of LCD panels in China, Japan and India is creating a competitive environment for global LCD panel manufacturers. Moreover, Europe is the fastest-growing market for LCD panels due to an increase in the adoption of consumer electronics devices. The demand for LCD panels has risen dramatically over the past 12 months globally. The usage of LCD displays in various industries in these regions is boosting the LCD panel market.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Due to an increase in the demand for large LCD displays, the large size LCD panel sub-segment is expected to register double-digit growth rate in the global market. In addition, due to an increase in the demand for portable electronic devices, the small size LCD panel sub-segment is projected to be the most attractive market sub-segment of the global LCD panel market.

The smart phones and tablets sub-segment held the largest market share for the LDC panel market in 2017, and the wearable devices sub-segment is expected to grow with a high CAGR during the forecast period.

Sigmaintell Research of China has released its summary of the global LCD TV panel market in the first half of 2018. Trade friction between big countries and political and economic upheaval is on the rise, while Chinese economic growth is slowing down.

In addition, the fluctuation of the exchange rate has impacted the performance of the major TV markets. Sell-in was lower than expected but the volume of shipments pushed by panel manufacturers still increased considerably compared with the same period last year.

In the first half of 2018, shipments of LCD TV panels reached 135 million units, a decrease of 3.7% compared to the second half of 2017 but an increase of 10.6% from the first half of 2017. Analysts also say that the trend to larger sizes continues to slow.

Driven by the World Cup, overseas market demand continues to strengthen, which has led to a significant increase in small and medium-size panel shipments. According to Sigmaintell, in the first half of 2018, 32" panel sell-in grew by 25% over the same period in 2017, accounting for 32% of total global LCD TV panel sales.

Sell-in of 39" - 45" sizes increased by 11% year-on-year, accounting for 24.4% of the total. In contrast, sell-in of 65" panels decreased by 4%. While the proportion of small-size products increased, the proportion of large sizes was not significantly improved. In the first half of the year, the global average size of LCD TV panels actually dropped to 43.6", a decrease of 0.1". In the second quarter of 2018, it dropped further to 43.3".

Therefore, the growth of average panel size is lower than expected, which analysts say is one of the important factors in the imbalance of supply and demand within the LCD market during the first half of the year.

As a result of their continuous expansion of production capacity, the overall competitiveness and market share of Chinese manufacturers has increased significantly. In the first half of 2018, BOE, LG and Innolux were the top-three panel makers respectively, with Samsung fourth and CSOT fifth.

In the first half of 2018, BOE shipped 25.84 million units. This year, the company"s 8.5G line in Fuqing, China reached full capacity and the world"s first 10.5G line commenced mass production.

LG shipped 23.72 million LCD TV panels in the first half of 2018, a decrease of 3.4% over the same period in 2017. However, it ranked first in terms of shipment size. The company continues to drive large-sizes and maintains a leading position in large and high-end products in sizes such as 55”, 65” and 75”.

Due to the declining profitability of LCD TV panels, LG has accelerated investment in OLED TV panels. Its OLED production line in Guangzhou, China was officially approved and its Paju P10 facility in South Korea is exclusively producing OLED TV panels. At the same time, the repurposing of 8.5G LCD capacity to OLED is also being accelerated.

Samsung is focusing on large-size, high-end products. The scale of 65" panel production continues to expand and the company also commenced mass production of 8K TV panel during the second quarter. Its overall shipments were relatively stable, ranking fourth, while the company ranked second after LG in terms of shipment by area.

CSOT"s total shipment volume reached 19.1 million in the first half, an increase of 5.6% year-on-year, ranking fifth in terms of amount and area of shipments. In the second quarter, the company"s product structure was adjusted, with output of 32” panels reduced and supply of 43” panels increased.

Affected by the capacity expansion of Chinese manufacturers, AU Optronics" market share has dropped to less than 10% and the company"s investment is relatively conservative. In the second half of this year, 8.5G capacity expansion will usher in mass production.

Among other panel makers, HKC"s 8.6G line is almost operating at full capacity. Shipments have been maintained steadily, with a focus on 32" panels. CEC"s two new 8.6G lines have begun mass production, but shipment growth is slow. Meanwhile, Sharp"s panel production line maintained high productivity.

Since the second quarter of 2017, panel prices have dropped. In the first half of this year, the TV market was not performing well and panel prices continued to decline in June, with prices coming close to cost, which caused panel factories to suffer.

Prices of 32" panels have fallen, opening up the price difference between adjacent sizes. The supply and demand imbalance in the second quarter of this year caused 32" panel prices to plummet rapidly. According to Sigmaintell, in the first half of 2018, the price of 32” panels decreased by 31%, or almost 40% compared to their peak price point in 2017.

For 39.5" - 43" sizes, promotion isn"t active and demand is weak. BOE"s 8.5G line in Fuqing, China has led to an increase in the supply of 43" panels and a substantial decline in their price. As for 49" - 50", new 8.6G lines have greatly enriched 50" panel supply resources. Price is relatively positive, even with the 49" price inversion, causing demand to shift from 49” to 50”.

55” is still the "golden child" of the large sizes. Demand continues to be strong and price declines are smaller than those of other sizes. According to Sigmaintell, in the first half of 2018, the price of 55” panels decreased by 16.1%, and nearly 30.5% compared to their peak price point in 2017.

As for 65”, prices began to fall in June 2017. Thanks in part to the smooth production of BOE"s 10.5G line, supply of 65” panels has been greatly increased. In the second quarter of 2018, 65" panel prices declined by about 25%.

Panel prices rapidly fell below total cost in the second quarter of 2018, causing panel makers to face severe profitability challenges. However, through positive price strategies, panel manufacturers have increased shipment growth and reduced inventory.

Panel makers will have the opportunity to achieve phased business improvement through strategic adjustment but with the continued release of new production capacity, they will face serious competition in the future.

Sigmaintell says panel manufacturers should actively seek to reduce costs, but with the tight supply of key components such as ICs, the scope for product cost reduction is limited. Therefore, it is more important to continuously upgrade technology to enhance overall competitiveness and reduce risk.

Large LCD panel prices have been continuously increasing for last 10 months due to an increase in demand and tight supply. This has helped the LCD industry to recover from drastic panel price reductions, revenue and profit loss in 2019. It has also contributed to the growth of Quantum Dot and MiniLED LCD TV.

Strong LCD TV panel demand is expected to continue in 2021, but component shortages, supply constraints and very high panel price increase can still create uncertainties.

LCD TV panel capacity increased substantially in 2019 due to the expansion in the number of Gen 10.5 fabs. After growth in 2018, LCD TV demand weakened in 2019 caused by slower economic growth, trade war and tariff rate increases. Capacity expansion and higher production combined with weaker demand resulted in considerable oversupply of LCD TV panels in 2019 leading to drastic panel price reductions. Some panel prices went below cash cost, forcing suppliers to cut production and delay expansion plans to reduce losses.

​Panel over-supply also brought down panel prices to way lower level than what was possible through cost improvement. Massive 10.5 Gen capacity that can produce 8-up 65" and 6-up 75" panels from a single mother glass substrate helped to reduce larger size LCD TV panel costs. Also extremely low panel price in 2019 helped TV brands to offer larger size LCD TV (>60-inch size) with better specs and technology (Quantum Dot & MiniLED) at more competitive prices, driving higher shipments and adoption rates in 2019 and 2020.

While WOLED TV had higher shipment share in 2018, Quantum Dot and MiniLED based LCD TV gained higher unit shares both in 2019 and 2020 according to Omdia published data. This trend is expected to continue in 2021 and in the next few years with more proliferation of Quantum Dot and MiniLED TVs.

Panel suppliers’ financial results suffered in 2019 as they lost money. Suppliers from China, Korea and Taiwan all lowered their utilization rates in the second half of 2019 to reduce over-supply. Very low prices combined with lower utilization rates made the revenue and profitability situation for panel suppliers difficult in 2019. BOE and China Star cut the utilization rates of their Gen 10.5 fabs. Sharp delayed the start of production at its 10.5 Gen fab in China. LGD and Samsung display decided to shift away from LCD more towards OLED and QDOLED respectively. Both companies cut utilization rates in their 7, 7.5 and 8.5 Gen fabs. Taiwanese suppliers also cut their 8.5 Gen fab utilization rates.

An increase in demand for larger size TVs in the second half of 2020 combined with component shortages has pushed the market to supply constraint and caused continuous panel price increases from June 2020 to March 2021. Market demand for tablets, notebooks, monitors and TVs increased in 2020 especially in the second half of the year due to the impact of "stay at home" regulations, when work from home, education from home and more focus on home entertainment pushed the demand to higher level.

With stay at home continuing in the firts half of 2021 and expected UEFA Europe football tournaments and the Olympic in Japan (July 23), TV brands are expecting stronger demand in 2021. The panel price increase resulting in higher costs for TV brands. It has also made it difficult for lower priced brands (Tier2/3) to acquire enough panels to offer lower priced TVs. Further, panel suppliers are giving priority to top brands with larger orders during supply constraint. In recent quarters, the top five TV brands including Samsung, LG, and TCL have been gaining higher market share.

From June 2020 to January 2021, the 32" TV panel price has increased more than 100%, whereas 55" TV panel prices have increased more than 75% and the 65" TV panel price has increased more than 38% on average according to DSCC data. Panel prices continued to increase through Q1 and the trend is expected to continue in Q2 2021 due to component shortages.

Major increases in panel prices from June 2020, have increased costs and reduced profits for TV brand manufacturers. TV brands are starting to increase TV set prices slowly in certain segments. Notebook brands are also planning to raise prices for new products to reflect increasing costs. Monitor prices are starting to increase in some segments. Despite this, buyers are still unable to fullfill orders due to supply issues.

TV panel prices increased in Q4 2020 and are also expected to increase in the first half of 2021. This can create challenges for brand manufacturers as it reduces their ability to offer more attractive prices in coming months to drive demand. Still, set-price increases up to March have been very mild and only in certain segments. Some brands are still offering price incentives to consumers in spite of the cost increases. For example, in the US market retailers cut prices of big screen LCD and OLED TV to entice basketball fans in March.

Higher LCD price and tight supply helped LCD suppliers to improve their financial performance in the second half of 2020. This caused a number of LCD suppliers especially in China to decide to expand production and increase their investment in 2021.

New opportunities for MiniLED based products that reduce the performance gap with OLED, enabling higher specs and higher prices are also driving higher investment in LCD production. Suppliers from China already have achieved a majority share of TFT-LCD capacity.

BOE has acquired Gen 8.5/8.6 fabs from CEC Panda. ChinaStar has acquired a Gen 8.5 fab in Suzhou from Samsung Display. Recent panel price increases have also resulted in Samsung and LGD delaying their plans to shut down LCD production. These developments can all help to improve supply in the second half of 2021. Fab utilization rates in Taiwan and China stayed high in the second half of 2020 and are expected to stay high in the first half of 2021.

QLED and MiniLED gained share in the premium TV market in 2019, impacting OLED shares and aided by low panel prices. With the LCD panel price increases in 2020 the cost gap between OLED TV and LCD has gone down in recent quarters.

OLED TV also gained higher market share in the premium TV market especially sets from LG and Sony in the last quarter of 2020, according to industry data. LG Display is implimenting major capacity expansion of its OLED TV panels with its Gen 8.5 fab in China.Strong sales in Q4 2020 and new product sizes such as 48-inch and 88-inch have helped LG Display’s OLED TV fabs to have higher utilization rates.

Samsung is also planning to start production of QDOLED in 2021. Higher production and cost reductions for OLED TV may help OLED to gain shares in the premium TV market if the price gap continues to reduce with LCD.

Lower tier brands are not able to offer aggressive prices due to the supply constraint and panel price increases. If these conditions continue for too long, TV demand could be impacted.

Strong LCD TV demand especially for Quantum Dot and MiniLED TV is expected to continue in 2021. The economic recovery and sports events (UEFA Europe footbal and the Olympics in Japan) are expected to drive demand for TV, but component shortages, supply constraints and too big a price increase could create uncertainties. Panel suppliers have to navigate a delicate balance of capacity management and panel prices to capture the opportunity for higher TV demand. (SD)

Sweta Dash, President, Dash-InsightsSweta Dash is the founding president of Dash-Insights, a market research and consulting company specializing in the display industry. For more information, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or visitwww.dash-insights.com

(January 23, 2019) – Global shipments of large thin-film transistor (TFT) liquid crystal display (LCD) panels rose again in 2018 despite concerns of over-supply in the market. In particular, area shipments increased by 10.6 percent to 197.9 million square meters compared to the previous year, driven by TV and monitor panels, according to

Fierce price competition in large 65- and 75-inch display panels was ignited as Chinese panel maker BOE started the mass production of the panels in 2018 at its B9 10.5-generation facility. “With BOE operating the 10.5-generation line, panel makers have become more aggressive on pricing since early 2018 to digest their capacity,” said

Rising demand for gaming-PC and professional-purpose monitors boosted shipments of high-end, large panels. “Some panel makers have allocated more monitor panels to the fab, replacing existing TV panels, to make up for poor performance of that business,” Wu said.

Demand for other applications, which include public, automotive and industrial displays, recorded the highest growth rates of 17.5 percent by area and 28.6 percent by unit. “Panel makers view these applications as a new cash cow that can compensate for the sharp price erosion in main panels for TVs, monitors and notebook PCs,” Wu said.

LG Display led the area shipments of large display panels, with a 21 percent share in 2018, followed by BOE (17 percent) and Samsung Display (16 percent). BOE boasted the largest unit-shipment share of 23 percent, followed by LG Display (20 percent) and Innolux (17 percent), according to the

Large TFT LCD panel shipment growth is expected to continue in 2019. The preliminary forecast for unit shipments of three major products indicates that panel makers will continue to focus on the monitor and notebook PC panel businesses, increasing shipments by 5.3 percent and 6.6 percent, respectively, over the year, while shipments of TV panels are forecast to grow just 2.6 percent.

In 2019, three new 10.5-generation fabs – ChinaStar’s T6, BOE’s second fab and Foxconn/Sharp’s Guangzhou line – are expected to start mass production. All of them are assigned to manufacture TV panels, further boosting TV panel supply. “As the TV panel business is predicted to remain tough, panel makers, who enjoyed relatively better outcomes with monitor and notebook PC panels in 2018, will likely focus on the IT panel businesses,” Wu said.

IHS Markit provides information about the entire range of large display panels shipped worldwide and regionally, including monthly and quarterly revenues and shipments by display area, application, size and aspect ratio for each supplier.

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions.

The market for equipment to manufacture LCD and OLED displays for smartphones and TVs grew 28% in 2018 following a growth of 33% in 2017. Applied Materials" (NASDAQ:AMAT) revenues grew 36%. A key driver for AMAT"s strong performance was the sale of equipment to Chinese LCD manufacturers BOE Technology and China Star Optoelectronics Technology to manufacture 10.5G panels for the production of 75-inch LCD TVs.

While the 10.5G market will be strong again in 2019, AMAT will face headwinds in sectors that utilize equipment for the production of smaller displays, primarily smartphones.

During Applied Materials’ recent Q1 earnings call, CEO Gary Dickerson noted: "In display, weakness in emerging markets is also impacting the timing of customers’ investment plans. We see some TV factory projects pushing out of year and into 2020. As a result, we now believe our display equipment revenue in 2019 will decline by about a third from 2018"s record levels. We also expect revenue in the second fiscal quarter to be significantly lower than our average run rate for the year."

Figure 1 shows market shares among the top five equipment companies. AMAT’s market share increased from 29% to 30%. Lithography equipment supplier Nikon (OTCPK:NINOY) increased 1% while competitor Canon (CAJ) decreased 1%. The biggest gainer was deposition company Tokyo Electron (OTCPK:TOELY), which gained 4% at the expense of fellow Japanese deposition equipment supplier Ulvac, which dropped 5%.

Providing more granularity, market share growth ofAMAT and Nikon is primarily attributed to the investments by BOE in its 10.5G LCD. Both equipment companies are the only suppliers of equipment (AMAT for deposition and Nikon for lithography) that can fabricate the large 10.5G panels. So even though AMAT is a deposition company, its tool, acquired about 20 years ago from the acquisition of AKT, is the only one on the market big enough to accommodate 10.5G panels.

The display market can be segmented into three general segments – (1) LCD panels for TVs, (2) OLED panels for smartphones, and (3) LCD panels for Smartphones. Each of these has its own headwinds and tailwinds, which are impacting capital equipment expenditures. These issues I detail below. There are numerous ways to segment this industry, but I am detailing this segmentation for this article.

A driving force for 10.5G plant construction is that a 10.5G mother glass is 1.8 times larger than an 8.5G one in area and can be cut into six 75-inch panels. In comparison, a 7.5G glass substrate can be cut into only two 75-inch TV panels. Thus, there is a significant cost benefit of moving to the larger substrates.

AMAT’s deposition tools are used to form the backplane for LCD displays. The company’s deposition tools are the only ones capable of uniform coating of panels this size, which measure 3370mm x 2940mm. AMAT’s equipment can deposit various materials for the backplane.

Shown in Table 1 are the number of 10.5G panels being manufactured through 2018, with forecasts for panel production in 2019 and 2020, according to The Information Network’s report “OLED and LCD Markets: Technology, Directions and Market Analysis.”

10.5G represented a strong tailwind for AMAT and Nikon in 2018. For example, Nikon sold 13, 10.5G lithography systems in CY2018 representing 18% of systems sold. This compares to only one 10.5G system sold in CY2017.

BOE Technology’s first 10.5G fab, located in Hefei, entered volume production in the first half of 2018. China Star Optoelectronics Technology (CSOT) plans to build to kick off commercial operations of its 10.5G plant in March 2019, having installed equipment in 2018. Capex spends by these companies for these plants provided a significant portion of AMAT"s revenues for 2018.

For 2019, BOE’s second 10.5G line, to be located in Wuhan, is slated for volume production in 2020, with equipment installation in mid-2019. Sharp (OTCPK:SHCAY) will start equipment install at its new 10.5G LCD plant in Guangzhou in early 2019, with plans to kick off the first phase of the facility in Aug 2019 and to begin volume production in October 2019. LG Display (LPL) is building its 10.5G OLED P10 fab in Paju, Korea, but volume production is now scheduled at the beginning of 2021. Originally, the company planned to install equipment in 3Q 2018, but it may be pushed back to the beginning of 2020. With an oversupply of 10.5G panels as a result of BOE and CSOT production, display manufacturers are closely monitoring the market.

In addition to 10.5G mother glass for TVs, most LCD TVs are made using 8G glass. In 2018, LCD panel shipments increased 9% while TV area increased 11%, meaning that the average size of a TV is increasing. While some of the increase was due to shipments from BOE’s 10.5G plant, 8G plants were responsible for most of the growth. LG Display, for example, which makes LCD TVs from 8G mother glass, witnessed a 21% increase in area shipments, whereas Innolux, also without a 10.5G plant, reported an increase of 17% in area shipments. BOE, with both 8G and 10.5G plants, reported an area shipment increase of 17%.

I am neutral on AMAT in the OLED panel for smartphones. There are two issues. One is that AMAT’s equipment used in the production of OLEDs is being supplanted by competitor’s differentiating technology.

A second factor contributing to my neutral stance for AMAT in this OLED market is a sluggish smartphone market – the largest application for 6G OLED panels. Investment was minimal in 2018 as shown in Table 3. Also tied to sluggish smartphone sales is product distinction. Rigid OLED panels are not significantly better than lower-cost LTPS-LCD panels. With the capacity built up through 2018, utilization rates averaged 60%.

Table 4 presents The Information Network’s forecast of 6G OLED panel output to 2020. Again, panel output only increased 32,000 panels per month in 2018, but is expected to increase 138,000 panels per month in 2019, followed by a more moderate growth of 121,000 panels per month in 2020.

Flexible smartphones will drive the 6G market in 2019 and 2020. Samsung Electronics (OTCPK:SSNLF) introduced its Galaxy Fold and Huawei its Mate X in February 2018. Details of the two smartphones are described here. A significant difference between the two is the display.

In addition to the two, there are several other smartphone manufacturers that will introduce foldable models in the next two years. These include Oppo, Motorola (MSI), LG, Xiaomi (OTCPK:XIACF), and even Apple (AAPL).

I am bearish for AMAT on LCD panels for smartphones. Table 2 illustrates the drop in 6G plant expansion in 2018 showing Nikon’s lithography system sales by panel generation in 2017 and 2018. 6G systems dropped from 42 units in 2017 to 18 in 2018

Although flexible OLED has been gaining market share in the smartphone market in the last few years for its thinner form factor, higher performance, and differentiating design, the high utilization rates of 90% is minimizing the need for plant expansion and resulting in an oversupply of 20% for LCDs. Combined, these contribute to a 20% discount in LCD cost per smartphone compared to a rigid OLED display. Tianma is the top supplier of LTPS TFT-LCDs for smartphones with shipments of 149 million units in 2018, an increase of 49% YoY.

High-end smartphones like Apple"s current iPhone XS and iPhone XS Max use OLED screens to deliver better image quality, faster pixel response times. The XR uses an LCD display. It is likely we will see a similar lineup in 2019 - a continuation of both the iPhone XS and XR devices, with rumors suggesting 5.8 and 6.5-inch OLED iPhones along with a 6.1-inch LCD iPhone.

AMAT capitalized on the size of its deposition tools to generate strong revenue growth in the 10.5G market. In the other segments of the display production market (6G and 8G), its deposition tools for backplane and OLED encapsulation do not offer any advantages over competitors. In fact, the company is losing share to better technology.

The primary claim for AMAT"s display tools is its size. If 6G LCD factory expansion is dropping and 10.5G factories make panels with better economies of scale than 8G factories to make TVs, then it is only a matter of time before a competitor makes equipment that can deposit the backplanes on 10.5G panels.

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Japan Display Inc. is a Japanese company that manufactures and supplies LCD panels for smartphones, tablets, automotive applications and laptops. The company was founded in 2010 and is headquartered in Tokyo, Japan. As of March 2016, the company had a market capitalization of US$2.4 billion.

Japan Display Inc."s products are used in a variety of electronic devices including smartphones, tablets, automotive applications and laptops. The company"s panels are used by major electronics manufacturers such as Apple Inc., Samsung Electronics Co., Ltd., LG Electronics Inc., HTC Corporation and Huawei Technologies Co., Ltd.

Japan Display Inc. (JDI) is a leading display panel manufacturer based in Tokyo, Japan. The company was formed in 2011 as a joint venture between Sony, Hitachi and Toshiba. JDI supplies LCD panels to some of the world’s largest electronics manufacturers, including Apple, LG and Samsung.

JDI’s cutting-edge technology has made it one of the leaders in the global display market. The company’s products are used in a wide range of devices, from smartphones and tablets to TVs and laptops. JDI has a strong R&D team that is constantly developing new display technologies. The company is publicly listed on the Tokyo Stock Exchange and had a revenue of US$5.6 billion in 2018.

Japan Display Inc. is a leading display panel manufacturer that designs, develops, and manufactures cutting-edge display panels and systems for smartphones, tablets, notebooks, automotive applications, digital cameras, camcorders and digital signage. The company has over 8,000 employees and operates 13 factories in 9 countries around the world.

Japan Display Inc. offers a wide range of products and services that are designed to meet the needs of its customers. The company’s product portfolio includes: LCD panels, OLED panels, touch panels, flexible displays and integrated modules. Japan Display Inc. also provides a variety of value-added services such as: design support, engineering support, production support and after-sales service. The company’s products are used in a variety of market segments including consumer electronics, automotive, industrial and medical. Japan Display Inc.

Japan Display Inc. (JDI) is a leading display manufacturer that designs, develops, and manufactures LCDs for smartphones, tablets, automotive applications, and other consumer electronics. The company went public in 2010 and is listed on the Tokyo Stock Exchange. JDI reported a net loss of ¥23.4 billion ($205 million) in the fiscal year ended March 31, 2016, compared to a net profit of ¥10.3 billion in the previous fiscal year. This was primarily due to lower sales of LCD panels for smartphones and increased competition from Chinese manufacturers.

One of the biggest challenges that Japan Display Inc. (JDI) is facing is the competition from South Korean and Chinese display manufacturers. JDI has been losing market share to these companies in recent years, and it is becoming increasingly difficult for JDI to compete on price. Additionally, JDI is also facing challenges from new technologies such as OLED and quantum dot displays. While JDI has developed its own OLED technology, it has yet to commercialize it on a large scale. And while quantum dot displays are not yet widely used in smartphones, they are expected to gain popularity in the coming years.

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

Chicago, Oct. 31, 2022 (GLOBE NEWSWIRE) -- The report "Display MarketDisplay Market by Product (Smartphones, Wearables, Television Sets, Signage, Tablets), Resolution, Display Technology (LCD, OLED, Direct-View LED, Micro-LED), Panel Size, Vertical, and Geography (2021-2026)", The global display market size was valued at USD 148.4 billion in 2021 and is projected to reach USD 177.1 billion by 2026. It is expected to grow at a CAGR of 3.6% during the forecast period. Surging adoption of OLED displays in various applications, increasing use of LED displays for video wall, TVs, and digital signage applications, growing demand for interactive displays in various applications, and rising demand for display-based medical equipment, including ventilators and respirators, due to COVID-19 pandemic are the key driving factors for the display market.

The display market comprises major players such as Samsung Electronics (South Korea), LG Display (South Korea), Sharp (Foxconn) (Japan), Japan Display (Japan), Innolux (Taiwan), NEC Corporation (Japan), Panasonic Corporation (Japan), Leyard Optoelectronic (Planar) (China), BOE Technology (China), AU Optronics (Taiwan), and Sony (Japan). These top players have strong portfolios of display products and presence in both mature and emerging markets.

The device solutions business division comprises memory systems, large-scale integrated circuits, and light emitting diode. The Display Panels division designs and manufactures LED-LCD, QD-LCD, and OLED display panels. The Consumer Electronics (CE) and IT & Mobile Communications (IM) divisions fall under Samsung Research, which is the advanced research and development (R&D) hub of Samsung Electronics. The hub leads the development of future technologies with more than 10,000 researchers and developers working in overseas R&D centers.

LG Display is a leading player in the LCD display segment. It has expanded its manufacturing capabilities in recent years by installing new manufacturing plants for LCD and OLED panels. Recently, the company set up a new development center in China. LG Display offers a wide range of display panels for televisions, smartphones, tablets, desktop computers, automobiles, and smart wearables. It is focused on offering cost-competitive display products and maintains stable and long-term relationships with its customers. The company is more focused on the development of automotive OLED display panels for autonomous cars.

LED displays are among the most used type of display technology for various applications. It holds a larger size of the market as compared to other technologies. In recent years, the LED display industry has matured, but not in terms of innovation. One of the recent advancements in LED displays is the miniaturization of the parts needed to build an LED screen. Miniaturization has enabled LED screens to become ultra-thin and grow to huge sizes, allowing screens to rest on any surface, inside or outside. Applications of LEDs have multiplied, largely in part due to technological advancements, including enhanced resolution, greater brightness capabilities, product versatility, and the development of hardened surface LEDs and micro LEDs.

LED displays are also widely used for digital signage applications, such as for advertising, and digital billboards, which helps brands to stand out from the rest. For instance, in August 2018, Peppermill Casino in Reno, Nevada, mounted a curved LED digital signage video wall from Samsung. Thus, LED displays are widely used to improve customer experience. Some of the leaders in this field are Samsung Electronics (South Korea) and Sony (Japan), followed by LG Corporation (South Korea) and NEC Corporation (Japan).

Foldable displays have become popular in tablets, smartphones, and notebooks in recent years. Flexible display panels are bendable owing to the flexible substrates used to manufacture them. The flexible substrate can be plastic, metal, or flexible glass; plastic and metal panels are light, thin, and durable and are virtually shatterproof. Foldable phones are based on flexible display technology, which is built around OLED screens. Companies like Samsung and LG are mass-producing flexible OLED display panels for smartphones, television sets, and smartwatches. However, these displays are not exactly flexible from end users’ perspective; manufacturers bend or curve these display panels and use them in end products. Some of the major developers of foldable OLED technologies include Samsung and BOE Technology. In May 2018, BOE demonstrated several new technologies, including a 6.2-inch 1440x3008 foldable (1R) OLED display with a touch layer and a foldable 7.56" 2048x1535 OLED.

Many countries had imposed or are continuing to impose lockdowns to contain the spread of COVID-19. This has disrupted the supply chain of various markets, including the display market. Supply chain hindrances are creating challenges for display manufacturers in manufacturing and supplying their products. China is the worst-hit country in terms of display manufacturing due to COVID-19. The manufacturers were allowed only 70% to 75% of capacity utilization compared to the normal rate of 90% to 95%. For instance, Omdia Display, a display manufacturer in China, expects a 40% to 50% drop in its overall display production due to a shortage of labor, shortage of logistics support, and quarantine procedures.

Global 4K display market was valued at USD 70.65 billion in 2021, and it is expected to attain a value of USD 304.35 billion by 2028 with a CAGR of 23.20% over the prediction period (2022–2028).

Westford, USA, Sept. 27, 2022 (GLOBE NEWSWIRE) -- 4K Display Market has become extremely popular in recent years, as users have come to appreciate their high-resolution quality. 4K displays offer a much higher resolution than the current mainstream displays, which is why they are so appealing to consumers. Today, 4K displays are not just for TV, Desktop and Laptop usage anymore. Companies are now starting to install 4K displays in their Commercial Locations such as Hospitals, Schools, and Airports. Manufacturers are also producing them in large quantity and selling them at an exponential rate.

The growing demand for 4K display market is raising expectations about the next big thing in display technology. With improvements in resolution and color, 4K displays are already transforming how we view content. With prices dropping and more content being created in 4K, the demand for these screens only continues to grow.

Currently, 2160p (4K) displays are dominant in the 4K display market. But this is only the beginning—as technology improves, SkyQuest’s analyst predict that UHD (3840x2160) displays will become prevalent by 2020.

Why are 4K Displays So Effective? There are many benefits of using 4K displays over traditional displays: - They Offer Higher Resolution: When it comes to resolution, 4K Displays consistently deliver smoother lines and sharper pictures than traditional displays. This means that graphics and images look smoother and more realistic than ever before in the 4K display market.

Global shipments of 4K display were totaled at 127.4 million units in 2021 and is projected to reach 405 million by 2028. Moreover, OLED and QLED TV shipments continue to dominate with a share of above 58%. The global 4K display market revenue is forecast to grow at a CAGR of 23.20% through 2028.

In terms of application areas, gaming continues to be an early adopter of 4K displays with gaming mic and headsets releasing in Q4/2021 with more devices set to release in 2022. In addition, commercial buildings are starting to upgrade their signage systems from HD to 4K for added clarity and detail especially for high dynamic range (HDR) content, which is projected to add fuel to the growth of the 4K display market.

These findings in the 4K display market confirm that 4KTV is becoming the must-have television technology for enthusiasts who want the best possible images. However, it is not just ultra-high-definition televisions that are gaining popularity among consumers; Our research shows that sales of 3D TVs are growing as well. In fact, we expect 4K 3DTV penetration to reach 50% by 2025, up from just 44% at present. This is due to the increasing popularity of premium viewing platforms such as Netflix, Hulu, and Amazon Prime Video that support 4K content.

4K displays are becoming increasingly popular as consumers in the 4K display market become more demanding for better picture quality. This is especially true for video and gaming as 4K offers a sharper image than traditional HD displays.

The top five global brands in the 4K display market namely Samsung, Sony, Hisense, TCL, and LG are holding over 55% share of the global 4K display market. With Samsung leading the pack with a market share of over 19%. The top three global brands generated revenues that were greater than their combined total from 2018–2021.

In addition to QLEDs, Samsung, a largest player in 4K display market, also offers other types of 4K displays, including quoted LCD panels and WQHD+ AMOLED panels. But QLEDs continue to dominate the market because they can offer “significantly higher resolution and brightness levels as well as better color performance than any other type of panel.”

It seems like Korean brands are dominating not only in terms of sales but also in terms of R&D and innovation in the 4K display market. We will have to see how this competitive landscape will shift in coming years as newer brands are launching their products in the market.

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

technologies such as OLED, Micro-LED, QLED and LED have modernized different types of display panels such as Flexible Panels, Transparent Panels, Foldable Panels

solutions also augment the market growth. These aforementioned factors would positively influence the Display Industry Outlook during the forecast period.

industry verticals are driving the segment’s growth in the Display Market. OLED displays are brighter, feature higher contrast and broader viewing angles, respond faster

the global market for Displays with a market share of 41% in 2022. The region is also analyzed to have significant growth over the forecast period. Growing