lcd panel manufacturers market share supplier

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 January 02, 2023, 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 January 02, 2023. 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: January 02, 2023. 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 January 02, 2023)

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

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

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

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

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

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

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

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

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 January 02, 2023, 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 January 02, 2023. 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: January 02, 2023. 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 January 02, 2023)

LCD TV Panel Market Size is projected to Reach Multimillion USD by 2027, In comparison to 2021, at unexpected CAGR during the Forecast Period 2022-2028.

Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, LCD TV Panel accounted for % of the global market of LCD TV Panel in 2022.

This LCD TV Panel Market Report offers analysis and insights based on original consultations with important players such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, Distributors, etc.

The Global LCD TV Panel Market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2027. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

LCD displays utilize two sheets of polarizing material with a liquid crystal solution between them. An electric current passed through the liquid causes the crystals to align so that light cannot pass through them. Each crystal, therefore, is like a shutter, either allowing light to pass through or blocking the light. LCD panel is the key components of LCD display. And the price trends of LCD panel directly affect the price of liquid crystal displays. LCD panel consists of several components: Glass substrate, drive electronics, polarizers, color filters etc. Only LCD panel applied for TV will be counted in this report

Samsung Display, LG Display, Innolux Crop and AUO captured the top four revenue share spots in the LCD TV Panel market in 2015. Samsung Display dominated with 22.11 percent revenue share, followed by LG Display with 19.72 percent revenue share and Innolux Crop Display with 19.30 percent revenue share.

The global LCD TV Panel market is valued at USD 51130 million in 2019. The market size will reach USD 59640 million by the end of 2026, growing at a CAGR of 2.2% during 2021-2026.

LCD TV Panel market is segmented by Size, and by Application. Players, stakeholders, and other participants in the global LCD TV Panel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Size and by Application for the period 2016-2027.

The report focuses on the LCD TV Panel market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. The report considers key geographic segments and describes all the favorable conditions driving the market growth.

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

Geographically, the Major Regions Covered in LCD TV Panel Market Report Are:To comprehend LCD TV Panel market dynamics across major global regions. ● North America(United States, Canada)

Market is changing rapidly with the ongoing expansion of the industry. Advancement in technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of market movements in order to strategize better. An efficient strategy offers the companies a head start in planning and an edge over the competitors.Industry Researchis a credible source for gaining the market reports that will provide you with the lead your business needs.

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

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

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

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

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

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

*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.

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

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

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

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

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

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

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

We have thousands of standard products that are in stock and available from our Seattle, WA and Hong Kong warehouses to support fast product development and preproduction without MOQ. The stock covers TN, STN LCD display panels, COB, COG character LCD display, graphic LCD display, PMOLED, AMOLED display, TFT display, IPS display, high brightness and transflective, blanview sunlight readable display, super high contrast ratio display, lightning fast response displays, efficient low power consumption display, extreme temperature range display, HMI display, HDMI display, Raspberry Pi Display, Arduino display, embedded display, capacitive touch screen, LED backlight etc.  Customers can easily purchase samples directly from our website to avoid time delays with setting up accounts and credit terms and shipping within 24 hours.

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August 2, according to the Taiwan media “Economic Daily News” reported that the latest report of the research agency RUNTO (RUNTO) shows that the first half of 2022 Chinese mainland panel manufacturers to 84 million shipments as well as 67% market share claimed the title, a record high. Taiwan panel makers Guntron, AUO shipments have declined, a combined market share of 18%, slightly better than Japan and South Korea’s combined 15%. Market expectations, with the mainland domination of the LCD panel market, the next three years, the panel factory is afraid of a merger tide.

According to the “Global LCD TV panel market monthly tracking” released by LOTUS, the first half of this year, the world shipped 125 million LCD TV panels above 32 inches, an increase of 1.9% year-on-year, with mainland manufacturers BOE, Huaxing Optoelectronics and Huike firmly in the top three.

To strengthen the core position of the industry chain, the Chinese mainland TV panel factory to maintain a high crop rate, shipments in the first half of 84 million pieces, the global market share of 67%, an increase of 6.2 percentage points, compared with the second half of last year, an increase of 3.4 percentage points.

The top ten panel manufacturers in the analysis of the Luotu technology, land-based panel factory shipments are showing year-on-year growth, Huaxing photoelectric, rainbow photoelectric shipments were up 12% and 16%. Most of the non-China panel factory decline, Taiwan panel factory Grouptron decline by about 10%, AUO reduced by 14%, the two combined market share of 18% in the first half.

Samsung Display (SDC) began to gradually reduce production at the beginning of the year to a complete shutdown in June, resulting in a year-on-year reduction of 50%. Sharp because of the active adjustment of production capacity, production decreased by 28% year-on-year, Japan and South Korea panel factories in the first half of the combined market share fell to a low of 15%.

Accordingly, the top ten panel makers are divided into four camps, with BOE, which shipped more than 30 million pieces in the first half of the year, firmly taking the lead in the large-size LCD panel industry. Next, 20 million pieces of Huaxing photoelectric, Huike. 10 million pieces of camp for the grouptron and Lejin display (LGD). Million-chip rank AUO and Sharp, with 8 million and 6 million pieces shipped, fell to the tail camp with Rainbow Photoelectric, CEC Panda and Samsung Display SDC.

Looking ahead to the second half of the year, Luotu Technology expects that, as the TV panel each main size has fallen below the cash cost, the panel factory strives to stop bleeding, start large-scale production reduction operations, the panel market is expected to usher in a turnaround. It is expected that before September this year, the major panel factory crop rate will be less than 75%, as to whether the price can stabilize the key observation point also falls in September.

This report includes all of DSCC"s content on OLED and LCD fab schedules, OLED and LCD capacity and LCD and OLED equipment market sizes, market share and forecasts for 79 different segments. All design wins and units by fab by equipment type are shown and quarterly revenues are provided for >130 different display equipment suppliers. Also included are typical process flows for each major process.

This report provides all of the market intelligence that a display equipment manufacturer, supplier to display equipment manufacturer or analysts covering display equipment suppliers would want. It is also ideal for panel suppliers tracking the market shares for all major display equipment segments. In total, 79 different equipment segments have been covered compared to 22 from other research firms.. Market share and design wins are provided for every segment as well on a quarterly, annual, billings and bookings basis, while other research firms don"t offer any market share data.

Quarterly and annual equipment market share provided from 2016 to as far as 2025 for all backplane, frontplane, color filter, cell and most module segments, >70 different segments.

Display Market size was valued at USD 131.49 Billion in 2021 and is projected to reach USD 182.90 Billion by 2030, growing at a CAGR of 3.81% from 2023 to 2030.

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

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

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

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

The use of large screen substitutes like projectors and screen-less displays could be a hindrance. Additionally, there may be room for market expansion due to developing use cases including holographic displays, smart mirrors, smart home appliances, and smart displays. These days, the automotive industry also makes use of display devices. In response to this potential, LG Display, for instance, has announced that it will start producing a head-up display system for the automotive sector. The LG car display device is a portable, transparent display that is bendable. A range of uses and functionalities for the heads-up display is available to enhance your driving experience.

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

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

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

Based on Technology, The market is segmented into OLED, LED, Micro-LED, Direct-View LED, LCD, And Others. LCD technology has been widely utilized in display items during the preceding few decades. Currently, a number of settings, including retail, corporate offices, and banks, use LCD-based gadgets. But it’s anticipated that LED technology will advance quickly throughout the course of the predicted period. The development of LED technology and its energy efficiency is what is driving the market for it. The LCD display industry is likely to experience negative growth throughout the projection period due to intense competition from newer technologies, a shift in the supply-demand equation, and a decline in LCD display panel ASPs.

Based on Product, The market is segmented into Smartphone, Television, PC Monitor & Laptop, Automotive Display, And Others. Most certainly, smartphones will make up a large percentage of the market. This rise will be fueled by the growing use of OLED and flexible screens by smartphone manufacturers. Shipments of expensive flexible OLED displays are growing quickly, and the forecast year is expected to see this trend continue. The market’s new growth path has been identified as the smart wearables category. The demand for these gadgets is expected to soar throughout the forecast period due to the fast-growing market for these products and the widespread use of AR/VR technology.

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

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

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

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

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

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

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

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

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

Display Market was valued at USD 131.49 Billion in 2021 and is projected to reach USD 182.90 Billion by 2030, growing at a CAGR of 3.81% from 2023 to 2030.

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

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

A flat panel display (FPD) is an electronic view device that allows people to see content such as text or moving images in different consumer electronics, mobile devices, and a range of entertainment. FPDs are thinner and lighter than conventional cathode ray tubes (CRT), which is usually less than 10 centimeters. There are two different categories of FPDs namely emissive displays and non-emissive displays. LED is an example of an emissive display, while LCD is an example of non-emissive display. These displays are majorly used in TV monitors, laptop computers, portable electronics, digital cameras, packet video games, etc. FPDs offer high pixel resolution, enhanced contrast setting, and lower power consumption.

The global flat panel display market is estimated to be valued at US$ 142,155 million in 2021 and is expected to exhibit a CAGR of 5.8 % over the forecast period (2021-2028).

In August 2019, LG Display announced the opening of its 8.5th generation (2,200mm x 2,500mm) OLED panel production plant in Guangzhou, China, to produce 10 million large-size OLED panels a year.

Asia Pacific excluding Japan held dominant position in the global mobile phone accessories market in 2020, accounting for 84.8% share in terms of Value, followed by Europe and Americas, respectively.

Rising government support to FPD industry is expected to drive growth of the global flat panel display market during the forecast period. Rising government initiatives and proactive support have led to rapid development of flat panel industry in major economies including Japan, Canada, and the U.S. For instance, the government of Japan has shown keen interest in the development of high-resolution screens. On the contrary, the U.S. Government is supporting FPD industry, which is primarily channeled through the Department of Defense. Moreover, the Korean government provides support for development of the high tech industry.

Growing adoption of FPD in mobile devices is expected to propel the global flat panel display market growth over the forecast period. Increasing demand for smartphones with augmented features is a major driving factor in the market. Smartphone manufacturers are focused on adopting FPD technology, in order to cater to increasing demand for high-quality image and clarity. FPD offers enhanced picture quality with improved contrast setting and low power consumption.

FPDs are being increasingly deployed in various application areas, especially in retail segment. Major demand for LCD and PDP technologies is arising from the retail segment for application in flat digital signage Majority of small flat panel digital signage installations are taking place in retail stores and Quick Service Restaurants (QSRs).

LCD manufacturers are innovating their LCD product line and introducing new technology to sustain in the LCD panel market. For instance, in 2012, Samsung commercialized production of a transparent LCD panel for a wide variety of display applications such as platform doors of subways, commercial freezer doors, e-Boards, medical equipment, and mobile devices.

By Application: Consumer Electronics (LCD Television (TV), Mobile Phone, Personal Computer (PC)), Automotive Application, Others (Healthcare, Defense, Military, Aviation, Automotive)

Development in glass OLED panels has led to next-generation displays such as plastic OLED panels. These OLED panels utilize plastic substrate instead of a conventional glass substrate that has various applications. For instance, in 2013, LG Display introduced the world’s first display manufacturer to provide mass-produced flexible OLED panels for smartphones. It is expected to expand further into diverse applications including automobile displays, tablets, etc.

The liquid crystal display (LCD) segment held dominant position in the market and accounted for 38% share in the global flat panel display market in 2020. The segment is expected to reach US$ 124,042.18 million in 2028. This is owing to the wider angles and large display area offered by LCD.

The consumer electronics segment held a dominant position and accounted for 87% share in the global flat panel display market in 2020. This is segment is expected to be valued US$ 99,939.82 million by 2028, owing to growing demand for television and smartphones.

Saturation in the market is expected to restrain growth of the global flat panel display market during the forecast period. Popularity of LCDs is high due to engagement of some of the top players such as Samsung, LG, Panasonic, etc. However, the trend is rapidly changing, owing to the introduction of more powerful technologies such as OLED, which is gaining popularity among major players in the market. Key companies in the market such as Apple are shifting towards OLED displays for application in its products such as iPad, iPhone, iTV, iWatch, etc.

Restricted view angle of LCD is expected to hinder the global flat panel display market growth over the forecast period. LCD technologies have a major drawback, restricted viewing angle. As a result of this, images and brightness on a television screen do not appear in true color when viewed from every angle. Several technologies have been developed to address this issue; however, OLED televisions seem to be the best option in this regard.

Key companies involved in the global flat panel display market are Sony Corporation, AU Optronics Corp., Panasonic Corporation, Emerging Display Technologies Corp., LG Display Co. Ltd., Innolux Corp., Universal Display Corporation, Japan Display Inc., and Samsung Electronics Co. Ltd.

Major companies in the market are focused on product launches, in order to expand product portfolio. For instance, in January 2020, Sony Corporation launched Bravia displays and a crystal LED display at ISE 2020.

Key players in the market are involved in partnerships and collaborations, in order to gain a competitive edge in the market. For instance, August 2019, Universal Display Corporation partnered with Eternal Material Technology Company to commercialize OLED host materials.