lcd panel manufacturers market share 2018 free sample

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 Global Industrial Display Market size is expected to reach $7.2 billion by 2028, rising at a market growth of 6.9% CAGR during the forecast period.

Industrial displays are used to show current operations and predicted results. These displays are more important in ensuring that the industry runs smoothly. As a result, the industry is among the most shows that there is significant in terms of growth. Furthermore, the global shift in technology and automated systems drive market growth. Moreover, robust display wireless connection, and technologically advanced push market growth during the forecast period.

The increasing adoption of multi-featured Human-Machine Interface (HMI) devices, the Industrial Internet of Things (IIoT), and the popularity of smart industrial displays are some of the factors driving market growth. The displays" innovative features, such as touchpad frames and fully automated touch detection systems; RFIDs; Ethernet connectivity; and ability to withstand high temperature changes, shock, motion, dust, scrape, and chemicals, are catapulting the industry forward.

Even though displays are a viable substitute for manual methods and outdated push-button technology, the industry offers a large investment opportunity. To keep up with changing industrial needs, the market is differentiated by continuous technological developments. Low-Temperature Poly-Silicon (LTPS), Liquid Crystal Display (LCD), Thin-Film-Transistor (TFT), Digital Light Processing (DLP), and Color Filter (CF) are some of the most recent industry innovations.

Society and the global economy are suffering greatly as a result of the COVID-19 pandemic. The supply chain is being impacted by the outbreak, whose effects are growing every day. Stock market turbulence, a decline in corporate confidence, a considerable delay in the distribution chain, and a rise in customer apprehension are all being brought on by it. European nations under lockdown have suffered major losses in trade and revenue as a result of the suspension of manufacturing operations in the area. The COVID-19 pandemic has had a substantial impact on manufacturing and production processes, slowing the growth of the industrial display sector in 2020.

The enormous industrial displays are still in demand because they offer an efficient means of communication even though the billboard business is still feeling the heat of environmental rules. High-performance huge industrial displays are also increasingly essential for accessibility of real-time data that fuels productivity as industrial automation and robotics pick up speed. Applications for large industrial displays are anticipated to take on a new dimension as the need for HMIs to monitor production processes surges. Manufacturers would continue to place a strong emphasis on design differentiation in order to close sales, which has sparked the development of a number of flexible, foldable, and thinner new-age displays.

The creation of thin, effective, and bright displays is made possible by the thin films of organic light-emitting (OLED) materials that emit light when electricity is applied to them. It is anticipated that OLEDs would replace prevailing technologies in the display ecosystem. As a result, a sizable number of businesses have started to increase their investment in OLED study and innovation. OLED industrial displays are dominating the market because to their cutting-edge features, such as higher contrast, quicker response times, and a broader operating temperature range than LCDs. OLED micro displays are now often used in EVFs and HMDs because they outperform conventional LCD and LCoS micro display technologies.

The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The below illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Product Launches, and Partnerships & Collaborations.

On the basis of technology, the industrial display market is classified into LCD, LED, OLED and E-paper. The LCD segment acquired the highest revenue share in the Industrial Display Market in 2021. A flat panel display called a liquid crystal display (LCD) makes use of the liquid crystals" capacity to modulate light. Instead of emitting light directly to create images in color or monochrome, liquid crystals use a backlight or reflector. There are two primary categories of LCDs used in electronic devices like digital clocks and video players and those used in computers.

Based on type, the industrial display market is segmented into Rugged Displays, Open-frame Monitors, Panel-Mount Monitors, Marine Displays and Video Walls. The open-frame monitor segment registered a substantial revenue share in the Industrial Display Market in 2021. Open Frame Monitor (OFM) is primarily housed in a bare-metal container and typically does not have a bezel. Instead, it is normally delivered with a mounting metal flange on the outside. Electronic parts, such as the display controller A/D board, the harnesses, and maybe the internal power supply, are secured to the inside of the metal chassis.

By end-use, the industrial display market is categorized into Manufacturing, Mining & Metals, Chemical, Oil, and Gas, Energy & Power, and Others. The Chemical, Oil, and Gas segment registered a promising revenue share in the Industrial Display Market in 2021. Oil and gas have played an important role in the economic transformation, but the industry is entering a new era. Digital transformation can improve productivity and workplace safety while reducing the industry"s environmental impact. Large industrial displays are especially important in the oil and gas industry, where comprehend rough environmental parameters, extreme temperatures, high levels of pollution, and operation is critical not only for safety but also for improving profitability.

Based on panel size, the industrial display market is fragmented into Up to 14”, 14-21”, 21-40”, and 40” and above. The 21-40” segment witnessed a substantial revenue share in the Industrial Display Market in 2021. It is due to the demand for touch screen computer parts in heavy-duty workplaces expected to drive the 21-40" panel size segment"s growth. The anodized coatings on the monitors and touch screen panels, combined with the stainless-steel chassis, are intended to provide operators with greater durability and operation across a wide temperature range.

By application, the industrial display market is divided into HMI, Remote Monitoring, Interactive Display and Digital Signage. The HMI segment garnered the highest revenue share in the Industrial Display Market in 2021. This is because multinational HMI manufacturers are expanding their presence in emerging markets such as China and India. The particular technology is expected to combine the internet"s reach with the ability to control industrial equipment, infrastructural facilities, and operating procedures in factories directly.

Report coverage Market Trends, Revenue Estimation and Forecast, Market Share Analysis, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling

Region-wise, the industrial display market is analyzed across North America, Europe, Asia Pacific and LAMEA. The North America region procured the highest revenue share in the Industrial Display Market in 2021. with high demand coming from monitoring system, HMI, and interactive display applications. Increased use of digital displays and HMIs in North America is expected to generate new business opportunities over the forecast period. Furthermore, the growing popularity of industrial automation, rising investment in IIoT applications, and multi-featured HMI gadgets may expedite the use of industrial display capabilities in this market.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Samsung Display Co., Ltd. (Samsung Electronics Co. Ltd.), LG Display Co., Ltd. (LG Corporation), Leyard Optoelectronic Co. (Planar Systems, Inc.), Advantech Co., Ltd., Siemens AG, Sharp NEC Display Solutions, Ltd. (Sharp Corporation), Pepperl + Fuchs Group, Japan Display, Inc., Winmate, Inc., and Maple Systems, Inc.

Jun-2022: Samsung Display acquired Cynora, and innovates refined OLED. Through this acquisition, Samsung South Korean firm bought Cynora"s proprietary technology on organic light-emitting diode (OLED) panels used in foldable Smartphones.

Mar-2022: Advantech unveiled PPC-112W along with PPC-115W, the first models of its PPC-100 series of RISC-based Android panel PCs. The new series offers highly accessible and cost-effective board PC solutions in a range of performance classes and display sizes to fulfill various industrial applications. Additionally, the PPC-115W and PPC-112W are featured by a Rockchip RK3399 SoC and Mali-T860 GPU, whereas the PPC-100 series is developed to accomplish the PPC product line by supplying profitable broad computing choices that are keen to position out of the box and can be easily combined with existing HMI/MES systems.

Jan-2020: Advantech launched the VUE-2000 Series, the Newest Line of Panel-Mount Monitors. The VUE-2000 series consists of Advantech’s latest industrial displays developed to sit at the meeting between creation and functionality, with numerous benefits.

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

BenQ Corporation, a leading provider of networked digital lifestyle devices, is a multifaceted company with strengths in product design, visual technology, and mobile technology. BenQ offers unrivalled breadth and depth of products and integrated technologies across platforms through the brand promise of “Bringing Enjoyment and Quality to Life,” including digital projectors, LCD monitors, LCD TVs, digital cameras, eBook readers, mobile Internet devices, storage devices, and human interface devices such as mice and keyboards.

BOXLIGHT has been developing award-winning Interactive Flat Panel Display technology and classroom solutions for schools and customers around the world for 30 years. Our product innovation is built on customer need and we strive to provide the best customer experience in the industry. Period.

Headquartered in Toronto, Canada, TeamBoard designs, creates, and manufactures a full range of Interactive Flat Panel Display solutions for education, presentation and training environments.

Founded in 1994 as an Egan company, TeamBoard interactive collaboration solutions are benefiting hundreds of thousands of students, educators, work groups and presenters globally. Our products are easy to use and promise enjoyable interactive experiences that improve your collaboration and engagement. Our diverse lineup includes interactive whiteboards, interactive flat panel touchscreens, projectors, peripherals, installation solutions, installation services, technical and presentation training and professional development.

Hitachi offers 65- and 75-inch interactive flat panel displays designed with an interactive LED backlit and LCD display. The company’s HIT-FHD6516/HIT-FHD6516PC and HILF75101 interactive flat panel displays are compatible with Windows 7 and Windows 8.1 and are suitable for the corporate, retail, and education sectors.

Promethean (LSE: PRW) is a global education company that improves learning productivity by developing, integrating and implementing innovative 21st century learning environments that help make everyone more engaged, empowered and successful. Headquartered in the UK, with a US office in Atlanta, Georgia, Promethean World Plc is listed on the main market of the London Stock Exchange.

VESTEL offers interactive flat panel displays that use LED touchscreen technology. The company’s interactive flat panel displays are designed for the business and education sectors. Its product offerings include VIFPD-651A, VIFPD-841A, and VWB-65OB.

The global flexible display market size was accounted for USD 6.98 billion in 2018 and expected to grow with a CAGR of 28.1% over the forecast period, from 2019 to 2025. Factors such as the growing adoption of display-based consumer electronic devices and increasing demand for lightweight, flexible, and energy-efficient gadgets are driving the market growth. Further, advancement in technology has led to the introduction of state-of-the-art flexible displays, which is expected to open new business growth opportunities for industry players operating in this industry.

The growing adoption of flexible displays in automotive, healthcare, and other industries is expected to open new avenues for market growth. Further, automakers are concentrating on integrating this display in vehicle interiors. For instance, in 2019, Samsung Corporation and Audi AG partnered to promote the Audi Prologue A9 Prototype car. This car includes a high-resolution and flexible Samsung OLED display nearby its gear stick to control the vehicle settings.

Based on type, the market is segmented into OLED, EPD, LCD, and others. In 2018, OLED accounted for more than 60% market share and is projected to grow with a significant CAGR over the forecast period. OLED-based displays have high flexibility, are energy-efficient, and therefore are widely used in smartphones. In addition, they are lightweight and sleek in design as compared to LCD flexible displays. However, the growing adoption of flexible display-based e-readers is expected to boost the demand for Electronic Paper Displays (EPD) in the next few years.

Based on the application, the market is fragmented into wearable, televisions, smartphones, E-readers, automotive, and others. The smartphone application segment is projected to grow with a significant CAGR of more than 12% during the forecast period. Government initiatives for smart city projects, the introduction of

Based on material type, the market is segmented into plastic, glass, and metal. In 2018, the plastic segment accounted for the largest market share and further, expected to grow with a CAGR of 25% during the forecast period, from 2019 to 2025. This growth can be attributed to the increasing shift from glass to plastic substrates, as it provides added advantages like lightweight, robustness, and size.

Asia Pacific is expected to lead the global flexible display market and is projected to grow with a CAGR of more than 25% over the forecast period. This high revenue share can be attributed to the growing demand for lightweight and compact electronic devices. Further, the growing number of smartphone users coupled with the adoption of advanced technologies such as

In 2018, North America held a market share of over 20% and expected to witness robust growth during the forecast period due to the growing demand for durable and lightweight electronic devices. Europe"s market for flexible displays is projected to witness significant growth over the forecast period due to increasing demand for flexible displays from the automotive industry.

The outbreak of COVID-19 is adversely impacting flexible display market growth. This pandemic has forced many companies to halt their business operations for reducing the effect of virus infection. This halt in business operations has directly decreased the sales of consumer electronics devices as well as affected consumer demand and the availability of the supply chain. Furthermore, COVID-19 is also adversely impacting the automotive sector. Thus the demand for flexible displays is expected to decrease to some extent during a pandemic situation.

However, smartphone manufacturers are expected to expand their product line which contains OLED flexible displays. Further, Chinese smartphone manufacturers are focusing to resume their flexible display production integrated with OLED panels, which is expected to surge the market growth during the pandemic situation.

Key players are adopting strategies such as partnerships, collaborations, mergers, and acquisitions to strengthen their position in the competitive market. For example, in 2018, Royole Corporation introduced a foldable device FlexPai integrated with a flexible display. This device can be rolled, bent, and operated as both tablets and smartphones.

Leading players are investing in R&D to develop advanced designs in flexible displays for different consumer electronic devices. To sustain in competitive edge, they are also registering their patents. The major players include in this market are as follows:

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For this study, Million Insights has segmented the global flexible display market report based on type, material type, application, and region:

With the evolutionary changes in consumer electronics from past few years, the demand for the electronic parts is increasing rapidly. LCD display modules are electronically modulated optical device or flat-panel display and use the light-modulating properties of liquid crystals.

LCD display modules display arbitrary image or fixed images and low content information. The information can be displayed or kept hidden including digits, preset words, and seven-segment displays, as in a digital clock.

Increasing production of electronic devices such as aircraft cockpit displays, computer monitors, LCD televisions, indoor and outdoor signage and instrument panels is responsible for the increasing demand for the LCD display module. Manufacturers of the LCD display modules are focusing on developing innovative products to attract more customers to increase the revenue generation by sales of displays.

Manufacturers of the LCD display modules are coming up with the product innovations such as background display colors, character sizes, number of rows, and others and these features are fueling the increasing integration of the LCD display modules.

Constant advancements in the LCD display modules and improvement in the functionality of displays is the primary factor driving the growth of the LCD display module market.

The manufacturers are also focusing on the delivering a LCD display modules are per the end user requirements as these displays are primarily used for the consumer electronic devices which are produced in bulk quantity.

The increasing production of small electronic devices such as cameras, watches, calculators, clocks, mobile telephones, DVD players, clocks, and other devices is creating a huge demand from manufacturers of these products for the LCD display modules as per their product requirements.

On the other hand, availability of LCD display modules at low prices due to the entry of new players from developing countries, shortage of electronic components is a significant challenge for the established players in this market.

The global vendors for LCD Display Module include RAYSTAR OPTRONICS, INC., WINSTAR Display Co., Ltd., Newhaven Display International, Inc., Sharp Microelectronics, 4D Systems, ELECTRONIC ASSEMBLY GmbH, Kyocera International, Inc., Displaytech, and others. LCD display manufacturers are coming up with the new features and more advanced functionalities of the displays for sustaining in the global competition.

In February 2018, Displaytech, LCD display module manufacturer released DT070CTFT, a 7 inch 800 x 480 TFT display. The company is offering LCD displays with a resistive touch as well as a capacitive touch panel.

The global market for LCD Display Module is divided on the basis of regions into North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific Excluding Japan, Japan, China, and Middle East & Africa. Among these regions, the countries such as Taiwan, South Korea, and China holds major market share in terms of revenue generation from the sale of LCD display module because of the higher presence of manufacturers for these displays as well as the dense presence of the consumer electronics manufacturers.

North America, Western Europe is the second largest market for the LCD display module due to increasing demand from consumer electronics manufacturers. MEA region is expected to grow at moderate CAGR.

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.

The global flat panel display market was valued at $116.80 billion in 2018, and is projected to reach $189.60 billion by 2026, registering a CAGR of 6.10% from 2019 to 2026. Flat panel display is electronics viewing technology that projects information such as images, videos, texts, or other visual material. Flat panel displays are far lighter and thinner than traditional Cathode Ray Tube (CRT) television sets. These display screens utilize numerous technologies such as Light-Emitting Diode (LED), Liquid Crystal Display (LCD), Organic Light-Emitting Diode (OLED), and others. Also, it is mostly used in consumer electronic devices such as TV, laptops, tablets, laptops, smart watches, and others.

The emergence of advanced technologies offers enhanced visualizations in several industry verticals, which include consumer electronics, retail, sports & entertainment, transportation, and others. Also, flexible flat panel display technologies witness popularity at a high pace. In addition, display technologies, such OLED, have gained increased importance in products such as televisions, smart wearables, smartphones, and other devices. Moreover, smartphone manufacturers plan to incorporate flexible OLED displays to attract consumers. Furthermore, the flat panel display market is also in the process of producing energy saving devices, primarily in wearable devices.

The major factors that drive the flat panel display market include growth in vehicle display technology in the automotive sector, increase in demand for OLED display devices in smartphones and tablets, and rise in adoption of interactive touch-based devices in the education sector. However, high cost of latest display technologies such as transparent display and quantum dot displays, and stagnant growth of desktop PCs, notebooks, and tablets hinder the flat panel display market growth. Furthermore, upcoming applications in flexible flat panel display devices are expected to create lucrative growth opportunities for the global flat panel display market.

The flat panel display market is segmented into technology, application, industry vertical, and region. By technology, it is classified into OLED, quantum dots, LED, LCD, and others. By application, it is categorized into smartphone & tablet, smart wearables, television & digital signage, PC & laptop, vehicle display, and others. By industry vertical, it is divided into healthcare, retail, BFSI, military & defense, automotive, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The significant impacting factors in the global flat panel display industry include high demand for vehicle display technology in the 0automotive sector, Increase in demand for OLED display devices in smartphones and tablets, Rise in adoption of interactive touch-based devices in education sector, high cost of new display technologies, stagnant growth of desktop PCs, notebook, and tablets, surge in adoption of flexible flat panel display. Each of these factors is anticipated to have a definite impact on the flat panel display market size during the forecast period.

Organic LEDs are emerging type of display technology. This technology removes the need of separate backlighting. The display panels based on this technology are thinner than other technologies that are integrated in display devices. This technology is widely used in smartphones which boast OLED screen and are rapidly becoming more prevalent. Major player like Apple, Oppo, Vivo, LG, and Xiaomi also stared using OLED displays from last few years. In addition, when in low light ambient conditions at room, an OLED can achieve higher contrast ratio than other technology.

In recent years, the number of devices with touch sensors has risen exponentially as touch-based devices are easier to access. The touch-based devices require a display panel to operate which, in turn, helps in the growth of display devices. The demand for interactive displays in schools, institutions, and universities has increased around the world. These displays are useful for learning and teaching purposes such as efficient interaction in classrooms, student accomplishments, and overall productivity. Interactive display offers numerous advantages such as increased level of engagement between students and teachers, allowing students with physical disability learn better, bring flexibility in learning, saves teaching cost, and allows students to save lessons for further review. Also, interactive flat panel display allows teachers to share text, video, and audio files with students easily.

The latest display technologies such as transparent display and quantum dot displays are relatively high in cost due to its complex design. Hence, most of the latest display technologies are integrated in premium devices, which are not affordable. This factor is expected to restrict the flat panel display market growth.

The current flat panel display market is focused on developing new technologies and products primarily for large-sized displays and high-resolution images. The flat panel display market in future is expected to concentrate on flexible displays. Flexible displays are thin, light, and less prone to breakage compared to conventional displays. Therefore, flexible displays are expected to replace current display devices as well as create new ones. These factors are expected to create lucrative flat panel display market opportunities globally.

Key Benefits for Flat Panel Display Market:This study comprises an analytical depiction of the global flat panel display market share with current trends and future estimations to depict the imminent investment pockets.

Key Market Players AU OPTRONICS CORP., CRYSTAL DISPLAY SYSTEMS LTD, E INK HOLDINGS INC, JAPAN DISPLAY INC., LG DISPLAY, NEC CORPORATION, PANASONIC CORPORATION, SAMSUNG ELECTRONICS CO. LTD., SONY CORPORATION, SHARP CORPORATION

IPS Display Market is estimated to reach USD 74.87 Billion by 2025, registering a CAGR of 6.40% during the forecast period of 2019–2025. In-plane switching (IPS) is a sort of LED display panel technology that is used in conjunction with LCD panels. IPS panel displays are typically used by professionals due to their high cost and various advantages. For example, when compared to various vertical alignment (VA) and twisted nematic (TN) panels, these offer wider viewing angles to the user, provide faster response, and deliver better color/contrast resulting in IPS Display Market Demand and IPS Display Market Growth. These panels were created to address the shortcomings of the TN panel. One of the key advantages of IPS panels is that colors on an IPS monitor do not shift while viewing from a different angle as compared to the TN panels. Manufacturers have been able to build these panels displays in such a way that they can support professional color space technologies thanks to technological advancements; this is a major driver driving the IPS Display Market Trends globally.

To stop the spread of COVID-19, many governments have imposed or are imposing lockdowns. The supply chain of several markets, including the IPS Display Market Revenue, has been affected as a result. Display manufacturers are having difficulty manufacturing and supplying their products due to supply chain issues resulting in decreased IPS Display Market Trends. COVID-19 thus has had the greatest impact on IPS Display production in China. Manufacturers were only authorized to use 70 to 75 percent of their capacity, as opposed to the regular rate of 90 to 95 percent. A Chinese display manufacturer, for example, predicts a 40 percent to 50 percent decline in overall display production due to manpower shortages, logistics support shortages, and quarantine procedures resulting in decreased IPS Display Market Share and IPS Display Market Size in the IPS Display Industry.

One of the primary elements driving the market"s IPS Display Market Growth is increased disposable income around the world. IPS displays also help professionals like CAD engineers, professional photographers, graphic designers, and video editors due to their improved contrast, speed, and resolution. LED displays are one of the most widely utilized IPS display technologies in a variety of applications. In comparison to other technologies, it has a bigger IPS Display Industry and IPS Display Market Revenue. The IPS Display Market has grown in recent years, but not in terms of innovation. Miniaturization of the parts required to produce a screen is one of the most recent breakthroughs in the IPS Display Market. IPS screens have become ultra-thin and have grown to enormous sizes thanks to miniaturization, allowing them to be placed on any surface, inside or out. IPS applications have grown in number as a result of technological developments such as improved resolution, increased brightness, product diversity, and the introduction of hardened surface IPSs and tiny IPSs. IPS displays are also commonly used for digital signage applications such as advertising and digital billboards, which helps IPS Display Market Demand and IPS Display Market Outlook stand out.

In recent years, foldable displays have grown popular in tablets, smartphones, and notebooks. The Flexible display panels are made of flexible substrates that allow them to bend. The flexible substrate can be made of plastic, metal, or flexible glass; plastic and metal panels are light, thin, and robust, and are practically shatterproof. Foldable phones use flexible display technology, which is based on OLED screens. Flexible OLED display panels for smartphones, televisions, and smartwatches are being mass-produced by companies like Samsung and LG. However, from the perspective of end-users, these displays are not exactly flexible; producers bend or curve these display panels and use them in end products.

The Global IPS Display Market is further bifurcated into various segments depending on various factors to help the market to grow as per the predicted CAGR growth by the end of the forecast period in 2027. The Global IPS Display Market is segmented based on the following:

Due to the presence of many manufacturing businesses in the region that supply IPS display panels in various sizes according to their applications, Asia-Pacific accounted for the greatest market share during the historic forecast period. The market for IPS displays is being driven by expanding urbanization and rising disposable income among customers in the region. Furthermore, the growing population and demand for smartphones and tablets are moving the market forward. Acer Inc., AU Optronics, and others. Lenovo Group Limited, WINSTAR Display Co., Ltd, and LG Display are just a few of the prominent manufacturers in the region that are constantly investing in the development of new IPS display panel technology. Due to the rising population and increasing demand for better picture and color quality, China accounted for the highest share in the area, which is regarded as a driving factor for the market"s growth in the region. However, due to shifting consumer preferences for color and resolution, India is expected to be the fastest-growing country-level market throughout the projected period.

The IPS Display Market is fiercely competitive, thanks to the existence of a slew of significant vendors selling their wares both domestically and internationally. The market looks to be moderately fragmented, with prominent competitors employing product innovation and mergers & acquisitions as a strategy. The major businesses continue to innovate and spend in R&D to offer a cost-effective product selection. There have been recent mergers and acquisitions among the major players, a tactic used by businesses to expand their consumer base. The major key players in the IPS Display market are as follows:

LG Display has unveiled its latest displays and technologies at CES 2020 in Las Vegas. A 65-inch Ultra HD (UHD) Bendable OLED panel and a 55-inch Full HD (FHD) Transparent OLED display will be unveiled by the business.

The research includes an analytical picture of the IPS display market share, as well as current trends and future projections, to show potential investment areas. The whole market potential is estimated to better identify profitable trends in the IPS display sector.

The paper gives information on major drivers, restrictions, and possibilities with full impact analysis. To measure financial competency, the current IPS display market is quantitatively analyzed. The report demonstrates the purchasing power of buyers and the market share of significant vendors. The study includes market trends as well as key vendor market shares. Several firms in the global body area network market are expanding their operations through new product development, strategic mergers, acquisitions, and partnerships, drawn by the market"s growth and latent demand.

The global touch screen display market size was valued at USD 59.57 billion in 2021. The market is projected to grow from USD 66.91 billion in 2022 to USD 166.12 billion by 2029, exhibiting a CAGR of 13.9% during the forecast period. Based on our analysis, the global market exhibited an average growth of 9.3% in 2020 as compared to 2019.

In addition, capacitive touch screens, unlike resistive touch screens, do not rely on finger pressure to function. These, on the other hand, operate with everything that has an electrical charge, which includes human skin. Capacitive touch screens do not operate with most gloves as they are electrically insulating and rely on electrical interference from a conductive source. Furthermore, the technology has been so popular in consumer gadgets and now in commercial/industrial applications. Inanimate items hitting the screen can impact resistive touch screens, which need more pressure than capacitive touch screens. Therefore, the rise in projected capacitive touch screens is further contributing toward the touch screen display market growth.

Human interaction with voice, gesture, or direct touch, with the choice to switch between them occurs naturally and seamlessly. Nowadays, people rely on direct touch only by pressing the button on the keyboard or swiping the screen; however, now these touchless systems allow the consumer to communicate with a computer by using voice or gesture, which is expected to hamper the market in future.

In addition, touch screen technology, in some way, has decreased human interaction; now, the current voice recognition technology has made it easier along with the current pandemic situation encouraging people for less human interaction, further limiting the market growth.

Based on screen type, the market is divided into resistive touch screens, capacitive touch screens, infrared touch screens, optical, and others (surface acoustic wave type displays).

Infrared touch screens are experiencing a strong upsurge in the display market. They use light-beam interruption, generally referred to as beam break, to determine the position of touch events. ATMs, industrial automation, plant control systems, ticketing machines, medical equipment, kiosks, POS, interactive whiteboards, various large-size applications, and office automation employ infrared touch displays.

Also, the optical segment is showing dynamic growth in the market. It is due to its working model as two or more image sensors are positioned around the screen"s edges (usually the corners) in this type of touch screen, a relatively new advancement in touch screen technology. Due to its scalability, adaptability, and affordability for bigger touch screens, this technology is gaining appeal.

Furthermore, the kiosks segment is anticipated to depict progressive growth during the touch screen display market forecast period. The growth is attributed to enhanced shopping experience for customers. The growing demand for self-service in banking & financial services along with improved applications over services & innovations in display technology is enhancing the market growth.

In addition, the display/digital signage segment is expected to have a significant rise in the coming years. This is owing to lower display costs & increased consumer experiences. Additionally, the rise of government entities, as well as the rapidly expanding educational industry, is further aiding the market growth.

Whereas, the commercial segment is projected to experience major growth during the forecast period. The commercial use of PCAP touch panels in outdoor public places must withstand the elements while heavy traffic regions will put PCAP touchscreen durability to the test. In addition, kiosks, POS machines, payment systems, voting machines, ATMs, interactive digital signage, electronic billboards, and other public commercial systems are further enhancing the commercial market.

Asia Pacific is predicted to develop at a progressive rate during the forecast period. In the market, the smart wearables industry is being driven by the region"s developing electronics sector as well as a substantial development in disposable income. The touch screen display industry in China has taken on a new shape, fueled in part by the purchases of more affluent customers. One of the primary factors contributing toward the growth is the rise in smartphone and tablet adoption.

Furthermore, China is witnessing phenomenal growth in this industry. The country is a manufacturing hub for these kinds of displays. The supplying of components and subcomponents is the major factor driving the market. One of the important trends driving sales in the market is the increasing usage of optical touchscreens in the hospitality industry and brand advertising in the country. End-use industry demands, particularly in capacitive touch and sensor technologies, have accelerated the speed of technical breakthroughs, further increasing the touch screen display market share globally.

In North America, this market is expected to witness progressive growth during the forecast period. It is attributed to the availability of raw materials & high smartphone adoption rate. Furthermore, the adoption of infrared touchscreen display & gesture sensing might also deliver revenues for market growth. Additionally, its comprehensive application in the television, DVD, and automobile sectors is also expected to surge the demand, which will further propel the market share globally.

Additionally, the Europe region is anticipated to have significant growth in the foreseeable future owing to the high-end demand in professional applications such as education and government. In addition, owing to the rise in penetration rates of urbanization, the demand for advanced featured products with the capability to aid consumers’ daily requirements, such as time schedules, is further driving the market in the region.

Moreover, the Middle East & Africa region is witnessing a steady growth in the market. Major manufacturers are slowly establishing their businesses due to growing opportunities in the region.

South America is projected to grow moderately compared to other regions, owing to less presence of the market players in the region. However, it has been projected that the region will witness steady growth in the forecast period, owing to the growing demand for smartphones and digitalization.

The market is fragmented with a significant number of key players compared to other markets in optoelectronics solutions. These major players are constantly developing their product segments and expanding their businesses. For instance, BOE Technology offers some of its flagship products, such as interactive whiteboard displays with 65” enabled with multi-touch technology, a built-in conferencing system with a slim and clean design.

The research report provides a detailed analysis of the type, application, and industries. It provides information about leading companies and their business overview, types, and leading applications of the product. Besides, it offers insights into the competitive landscape, SWOT analysis, and current market trends and highlights key drivers and restraints. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the market"s growth in recent years.

The interactive display market revenue stood at $9.2 billion in 2018, and it is expected to surpass $16.4 billion by 2024, exhibiting a CAGR of 10.4% during 2019–2024. Globally, the Asia-Pacific (APAC) region will witness the fastest growth in the coming years due to the rising investments in the transportation and education sectors in India, Australia, and China.

The rising penetration of interactive display products, such as interactive whiteboards, monitors, and kiosks, has reduced the cost of display screens. The declining prices of light-emitting diode (LED) displays and touch-screen panels are having a positive impact on the interactive display industry. Between 2019 and 2024, the cost of LED displays is projected to decline by 20%. Increasing the panel size and using upgraded resolutions, including full high definition (FHD), 4K, and 8K, enhance the overall performance of the display and provide an improved view. Thus, the spurring demand for a better picture and video quality will augment the sales of 4K, 8K, and FHD displays globally.

In 2018, the 33–65 inches category generated the highest revenue within the panel size segment due to the high penetration of 33–65-inch displays in the retail, transportation, healthcare, and hospitality sectors of APAC and North America. These products offered by interactive display market players enhance the overall visual experience in signage, wayfinding, and several other self-service applications.

The liquid crystal display (LCD) category, under the technology segment, was the larger contributor to the market in 2018. This can be owed to the growing adoption of LCD interactive displays in the educational institutes of the U.A.E., the U.S., Germany, the U.K., and China, as they consume lesser power than conventional LCDs, owing to the lack of a backlit screen. In 2018, the largest number of LCD interactive displays were sold in the APAC region because of their increasing adoption in the education, hospitality, and retail sectors.

The APAC market for interactive displays generated the highest revenue in 2018, and it is projected to register the fastest growth between 2019 and 2024. These displays are becoming quite popular in the retail sector as they provide product information while improving the in-store environment. The value of the APAC retail industry is predicted to spike from $720 billion in 2017 to $1.38 trillion by 2025. Southeast Asia is expected to showcase strong growth in the APAC retail sector.

At present, the regional interactive display market is observing a dip in the product prices due to their large-scale production in South Korea, Japan, and China. Additionally, a soaring number of manufacturing units in the region are offering perimeter-based technologies, including optical and infrared detection, and surface-based touch technologies, including capacitive and resistive detection, which will keep driving the sales of such displays.

The global interactive display market is highly competitive in nature, characterized by the presence of companies such as Samsung Electronics Co. Ltd., LG Electronics Inc., and others. Apart from this, NEC Corporation, Panasonic Corporation, Sharp Corporation, Crystal Display Systems Ltd, ELO Touch Solutions Inc., Gesturetek Inc., Seiko Epson Corporation, and Koninklijke Philips N.V., are the other prominent players operating in the interactive display market.

Major players in the global interactive display market were involved in various activities, such as partnerships and product launch to gain a competitive edge in the market. For instance, in November 2019, LG Electronics Inc. introduced IR-based UHD interactive digital boards that are available in 65, 75, and 86-inch models. All the boards are equipped with IPS panels and IR touch technology for a responsive HD experience. These boards can be connected up to 30 users and support interactive meetings offering specialized tools such as literature-sharing, questionnaires, and voting.

The global military displays market size reached USD 1.23 Billion in 2020 and is expected to register a revenue CAGR of 5.6% during the forecast period. Increasing integration of new technologies with military displays, increasing need for more advanced systems in military displays for improving military activities, and increase in defense spending in countries across the globe are some key factors projected to continue to drive global military displays market revenue growth between 2021 and 2028. Rising demand for military displays in aerospace & defense sectors is also contributing to revenue growth of the market.

Military users require displays that are inexpensive yet tough enough to withstand various climatic and weather conditions and wrench-drop and boot-kicks. Such displays have to be more than physically rugged, displays must meet advanced military standards and to act as a shield against electromagnetic radiation, safeguard against surges on power supply lines, manage thermal emissions, and offer good power efficiency. Availability of the latest technologies enable production of displays that offer high performance in a range of circumstances and situations. Increasing focus on modernization of forces and on replacement of existing traditional soldier protection and situational awareness systems. Increase in demand for technologically advanced systems to counter special threats such as terrorism that cannot be met by conventional warfighting forces, and advanced systems to detect threats to a country by enhancing intelligence capabilities are expected to boost market revenue growth.

However, concerns regarding SWaP-C (stringent size requirements, weight, power, and cost) of military displays and decreasing availability of logistics are some factors expected to hamper global military displays market revenue growth over the forecast period. Military displays are built to survive in any tough environment. Military display designers face a major challenge when it comes to cost, quality, and latency. Managing the tradeoffs for cost versus power versus ruggedness of military displays are expected to hamper market growth.

On the basis of product type, the global military displays market is segmented into handheld, wearables, vehicle mounted, simulators, and computer displays. Vehicle mounted segment is expected to lead in terms of revenue contribution to the global military displays market during the forecast period. Increasing usage of vehicle mounted displays in military vehicles for surveillance and to track the location of potential enemies and vehicles are major factors driving revenue growth of this segment. In addition, rising demand for rugged vehicle mounted military displays from armed forces is expected to boost revenue growth of this segment. Military can use rugged vehicle mounted displays to have a more focused targeting approach, among others.

On the basis of type, the global military displays market is segmented into smart displays and conventional displays. Smart displays segment is expected to lead in terms of revenue contribution during the forecast period due to increasing demand for smart displays. Smart displays are advantageous owing to various benefits such as size and resolution as commands from the control room should be highly visible. Smart displays are used in military owing to lightweight and flexibility as these displays are designed to function outdoors. As a result, rising demand for smart displays is expected to augment revenue growth of this segment going ahead.

On the basis of technology, the global military displays market is segmented into Light Emitting Diode (LED), Light Emitting Diode (LED), Liquid Crystal Display (LCD), Active Matrix Organic Light Emitting Diode (AMOLED), and Organic Light Emitting Diode (OLED). LCD segment is expected to lead in terms of revenue contribution to the global military displays market during the forecast period. Military has started using LCD displays as it is lower cost as compared to all other forms of displays and also sustain in tough conditions.

On the basis of computer displays, the global military displays market is segmented into microdisplays, small & medium-sized panels, and large panels. Small & medium-sized panels segment is expected to lead in terms of revenue contribution to the global military displays market during the forecast period. Small & medium-sized panels are designed to provide a clear surveillance view in order to maintain robust defense capability and help in tracking and precise location of targets. Growth of this segment is attributed to rising need for improved visibility of targets.

On the basis of end-use, the global military displays market is segmented into naval, airborne, and land. Naval segment is expected to lead in terms of revenue contribution to the market over the forecast period. Military displays are designed to work as surveillance systems and help in launching weapons to targets. These act as situational awareness systems in emergency situations and connects to the command room or center to enable deployment of better strategy for a war fight. Different types of displays can be combined to offer better video feeds from an external sensor. Therefore, military displays assist in the improvement of a country’s security. Increasing adoption of military displays in naval applications owing to high efficiency is expected to drive revenue growth of this segment over the forecast period.

North America is expected to account for larger revenue share among other regional markets during the forecast period. Significantly large revenue share is primarily attributable to growing usage of technologically advanced systems. Additionally, increasing demand for military displays across countries such as the U.S., Canada, and Mexico for better strategizing is expected to continue to boost North America market revenue growth.

Europe is expected to register a significantly rapid revenue growth rate during the forecast period. Rising demand for military displays from naval uses in counties such as Germany, France, the U.K, Italy, and Spain is expected to boost revenue growth of the Europe market.

The global military displays market is fairly fragmented, with a number of large and medium-sized market players accounting for majority market revenue. Key players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective military displays. Some major companies included in the military displays market report are:

This report offers historical data and forecasts revenue growth at a global, regional, and country level,