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The global TFT-LCD display panel market attained a value of USD 148.3 billion in 2022. It is expected to grow further in the forecast period of 2023-2028 with a CAGR of 4.9% and is projected to reach a value of USD 197.6 billion by 2028.

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

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

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

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

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

Global Thin Film Transistor (TFT) Display Market, By Technology (Plasma Display (PDP), Organic Light Emitting Diode (OLED), Other), Type (Twisted Nematic, In-Plane Switching, Advanced Fringe Field Switching, Multi-Domain Vertical Alignment, Advanced Super View, Cell Technology), Panel Type (A_MVA, ASV, MVA, S_PVA, P-IPS), End Use (Domestic Use, Industrial Use) – Industry Trends and Forecast to 2029

Liquid crystal are considered highly light valves or electo-optic transducers. These thin film transistors are known to be simple electronic control devices widely fabricated on a large transparent substrates. They enable fabrication of electronic display.

Global Thin Film Transistor (TFT) Display Market was valued at USD 270.26 million in 2021 and is expected to reach USD 968.64 million by 2029, registering a CAGR of 17.30% during the forecast period of 2022-2029. Twisted Nematic accounts for the largest type segment in the respective market owing to its low cost. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

A thin-film-transistor display refers to a form of LCD that uses TFT technology for enhancing image quality including addressability and contrast. These displays are commonly utilized in mobile phones, handheld video game systems, projectors, computer monitors, television screens, navigation systems and personal digital assistants.

Technology (Plasma Display (PDP), Organic Light Emitting Diode (OLED), Other), Type (Twisted Nematic, In-Plane Switching, Advanced Fringe Field Switching, Multi-Domain Vertical Alignment, Advanced Super View, Cell Technology), Panel Type (A_MVA, ASV, MVA, S_PVA, P-IPS), End Use (Domestic Use, Industrial Use)

Panasonic Corporation (Japan), LG Display Co., Ltd (South Korea), HannStar Display Corporation (Taiwan), AU Optronics Corp. (Taiwan), Chi Mei Corporation. (Taiwan), SAMSUNG (South Korea), SHARP CORPORATION (Japan), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric Corporation (Japan), SONY INDIA. (India), FUJITSU (Japan), Chunghwa Picture Tubes, LTD. (Taiwan), Barco.(Belgium), BOE Technology Group Co., Ltd. (China), Innolux Corporation (Taiwan), Advantech Co., Ltd (Taiwan), among others.

The increase in the smartphone and tablet proliferation acts as one of the major factors driving the growth of thin film transistor (TFT) display market. Technological advancements are leading a radical shift from traditional slow, bulky and imprecise resistive mono touch to highly sensitive multi-touch capacitive screen have a positive impact on the industry.

The rise in number of electronic readers and growing demand for on-the-move information accelerate the market growth. The development of easy-to-use display devices drives the growth of the market.

The increase in application areas of large e thin film transistor (TFT) display due to the advantages offered by these paper displays in terms of user experience, manufacturing cost, readability, and energy consumption further influence the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the thin film transistor (TFT) display market.

On the other hand, high cost associated with the manufacturing is expected to obstruct market growth. Also, lack of awareness and low refresh rate are projected to challenge the thin film transistor (TFT) display market in the forecast period of 2022-2029.

This thin film transistor (TFT) display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on thin film transistor (TFT) display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The COVID-19 has impacted thin film transistor (TFT) display market. The limited investment costs and lack of employees hampered sales and production of electronic paper (e-paper) display technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the thin film transistor (TFT) display as it targeted the right audience. The increase in sales of devices such as smart phones and tablets across the globe is expected to further drive the market growth in the post-pandemic scenario.

The thin film transistor (TFT) display market is segmented on the basis of technology, type, panel type and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

The thin film transistor (TFT) display market is analysed and market size insights and trends are provided by country, technology, type, panel type and end-use as referenced above.

The countries covered in the thin film transistor (TFT) display market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

North America dominates the thin film transistor (TFT) display market because of the introduction of advanced technology along with rising disposable income of the people within the region.

The thin film transistor (TFT) display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies" focus related to thin film transistor (TFT) display market.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global TFT LCD DisplayMarket: AU Optronics, Innolux, LG Display, Samsung Displa

TFT LCD DisplayMarket Country Level Break-Up:United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.

- Key Strategic Developments:The study also includes the key strategic developments of the market, comprising R&D, new product launches, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the TFT LCD Displaymarket on a global and regional scale.

- Key Market Features:The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent TFT LCD Displaymarket segments and sub-segments.

- Analytical Tools:The Global TFT LCD DisplayMarket report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. Analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The worldwide Automotive TFT-LCD Display Market is expected to grow at a booming CAGR of 2023-2030, rising from USD billion in 2023 to USD billion in 2030. It also shows the importance of the Automotive TFT-LCD Display Market main players in the sector, including their business overviews, financial summaries, and SWOT assessments.

Automotive TFT-LCD Display Market is split by Type and by Application. For the period 2017-2030, the growth among segments provide accurate calculations and forecasts for revenue by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

The study examines the Automotive TFT-LCD Display Market"s competitive landscape and includes data on important suppliers, including LG Display, Innolux, AUO, Sharp, BOE, JDI& Others.

The Automotive TFT-LCD Display Market report covers the following countries: the United States, Canada, Mexico, Brazil, Argentina, Peru, the rest of South America, Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, the rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, the Philippines, and Vietnam.

A TFT LCD screen is more vibrant and colourful than a typical monochrome LCD screen. TFT displays motion more smoothly and responds more quickly than a monochrome LCD panel.

TFT displays are more expensive to drive than monochrome LCD panels since they consume more electricity when operating. As a result, they are more expensive overall

TFT displays are full-color LCDs that offer vivid, vibrant colours as well as the capacity to display quick animations, intricate graphics, and custom fonts with various touchscreen options.

obtainable in sizes and resolutions that meet industry standards. These displays are available in a range of display types, including standard, premium MVA, sunlight-readable, or IPS, with a choice of interfaces, including HDMI, SPI, and LVDS.

The Global hot bar TFT display market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

The goal of Newhaven Display International, Inc. is to offer customers the best possible products. NHD-1.8-128160EF-CTXI#-T, 1.8 inch Standard Resistive Hot-bar TFT Display

This LCD TFT has a standard 128×160 resolution, an 8-bit Parallel interface, and a 6:00 ideal viewing angle. This 4-wire resistive touchscreen, 2.8V Liquid Crystal Display, is RoHS compliant, has a built-in ILI9163V controller, and a hot-bar soldering connection.

A variation of a liquid crystal display known as a thin-film-transistor liquid-crystal display (TFT LCD) employs thin-film transistor technology to enhance visual properties including addressability and contrast.

Liquid crystal is sandwiched between two glass plates in a TFT LCD (Thin Film Transistor Liquid Crystal Display) display. A colour filter glass has a colour filter that produces colour, but a TFT glass contains as many TFTs as the number of pixels displayed.

TFT screens may also be trimmed down to fit a space-constrained enclosure for a reasonably inexpensive adder and are available in a considerably wider variety of standard sizes than AMOLED panels.

Less energy usage is important with TFT display technology, especially when dealing with larger panels, and of course, less power equals lower costs all around.

TFT is a variation of an LCD that uses thin film transistor technology to improve image quality, whereas an LCD is a class of displays that uses modulating properties of liquid crystals to form what we call an LCD (liquid crystals display), which in fact does not emit light directly. The visibility is sharper, indicating no geometric distortion, which is great for these tired, old eyes.

The Global TFT LCD Display Modules market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

The debut of Mitsubishi Electric’s three new TFT-LCD modules has been announced. Mitsubishi asserts that the display would be suited for industrial equipment in ships, construction, and agricultural gear, as well as for autos, as these applications call for huge displays with excellent performance.

The new models will be on display at Society for Information Display (SID) Display Week in the American city of San Jose, California. The modules would have diameters of 10.25, 12.3, and 15 inches.

In addition to rear mounting, Mitsubishi has verified that the models’ broad 8:3 aspect ratio can contain display elements like instrument cluster, centre panel, and side-camera screen, which is perfect for car interiors with limited space.

Mitsubishi asserts that the 1,920 (H) x 720 (V) high-resolution displays can display dense information with exceptional clarity (10.25-inch: 200 ppi, 12.3-inch: 167 ppi, and 15.0-inch: 137ppi).

The global TFT LCD panel market is expected to grow at a CAGR of around 4.1% during 2023-2030. This report on global TFT LCD panel market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global TFT LCD panel market by segmenting the market based on size, application, Technology and region. Also, detailed profiles of companies operating in the TFT LCD panel market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.

TFT-LCD Display Panel Market To Be Driven By Increasing Deployment Of TFT-LCD Display Panels In Smart TVs and Smartphones In the Forecast Period Of 2023-2028

WYOMING, UNITED STATES, February 10, 2023 /EINPresswire.com/ -- The new report by Expert Market Research titled, ‘Global TFT-LCD Display Panel Market Share, Size, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global TFT-LCD display panel market, assessing the market based on its segments like sizes, applications, and major regions.

The increasing deployment of TFT-LCD display panels in smart TVs, smartphones, and tablets, among others, is driving the market growth. The increasing demand for consumer electronics with enhanced screen resolution and great picture quality, owing to the rising disposable income and rapid urbanisation, is anticipated to propel the market growth.

Moreover, the increasing demand for good quality display panels in enterprises for better presentability, is likely to be a major driver of the market. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the presence of large population in emerging economies, such as India and China, which is generating a significant demand for display panels.

A thin-film-transistor liquid -crystal display (TFT LCD) panel is defined as a technology which is used in the television to enhance the experience of the users. In a TFT-LCD display panel, each pixel is attached to a thin film transistor which offers great colour quality. TFT-LCD also improves contrast and addressability of the television.

The key trends in the TFT-LCD display panel market include the growing research and development activities by the major market players aimed towards augmenting the quality of consumer electronics by bolstering the viewing experience. The growing competition between the international brands, such as Samsung Electronics and Toshiba, is anticipated to accelerate the sales of the product.

Moreover, the thriving e-commerce industry, which is further augmented by the increasing purchasing power of the population is likely to be a boon for the market in the coming years. The technological advancements in the medium and large enterprises is likely to lead to a heightened adoption of TFT-LCD display panels in the forecast period.

Following a dismal first quarter roiled by the impact of COVID-19, the large-area thin-film transistor (TFT) display market has started to rebound in the second quarter, paving a path for shipments to rise by the slimmest of margins for the year.

Global large-area TFT display panel unit shipments in 2020 are expected to total 771.6 million units, up less than 1 percent from 770.5 million in 2019, according to the OmdiaLarge Area Display Market Tracker. This total includes both LCD and OLED TFT displays sized 9-inches and larger. The flat growth total for the year reflects the radically varying conditions in the TFT display market and in the global economy in the first half of the year compared to the second.

“COVID-19 seriously impacted both the large-area TFT display business itself and the applications that use these panels in the first quarter, as the pandemic halted or slowed manufacturing in China,” said Peter Su, principal analyst, at Omdia. “While China is now recovering from the crisis and production is back on track in the second quarter, COVID-19 continues to impact the market as consumer demand has weakened worldwide. However, lockdown conditions in many regions are spurring a sudden surge in demand for devices like notebook PCs, tablet PCs and monitors. This phenomenon is contributing to a rebound in demand for larger TFT displays starting in the second quarter and gaining momentum in the final six months of the year.”

Following a drop of 4 percent on a year-over-year (YoY) basis in the first quarter, global large-area TFT display unit shipments will increase by 5 percent YoY in the second quarter. While this growth is being propelled by demand for IT devices, the LCD-TV segment is actually experiencing slower demand.

“Amid citywide lockdowns in many locations, purchasing a television is not a priority for most people,” Su said. “However, these same people increasingly need to buy computers, tablets and monitors so they can work from home or attend online school. This is spurring sales growth for IT-oriented TFT panels.”

TV display unit shipments are expected to decrease by 3 percent on a quarter-over-quarter (QoQ) basis and drop by 13 percent year-over-year in the second quarter. In contrast, notebook PC displays are expected to increase shipments by 35 percent QoQ and 18 percent YoY. Monitor display shipments will soar by 19 percent QoQ and by 9 percent YoY in the second quarter.

Chinese panel makers are expected to take the largest market share for both unit and area shipments of large-area TFT displays in 2020. This will mark the first time that these companies will lead the market.

China in 2019 claimed a 40.9 percent of large area TFT display area shipments, along with a 39.9 percent share of unit shipments. South Korea’s LG Display took largest share for the area shipments in 2019 with 19.8 percent share, followed by BOE with 19.4 percent.

Applied Materials (NASDAQ:AMAT) in its recent conference call noted it got $700 million of display orders in the recent quarter, up from $183 million in the prior period. The company has already passed its average annual total. According to CEO Dickerson: "OLED display creates an incredible opportunity for us. This is going to be sustainable growth. This is not a peak."

Applied Materials unveiled two new systems in mid-2015 to deposit TFE (thin-film encapsulation) barrier layers that are crucial for protecting extremely sensitive OLED devices. These systems allow display makers to replace the rigid insulating front glass on the devices and bring to market bendable and curved displays for a new generation of consumer products.

OLED panel production technology can be largely separated into three parts: TFT, OLED, and encapsulation. Encapsulation is the last process; the final yield depends on the encapsulation method.

Key to the Applied AKT TFE product line is the ability to extend the lifetime of flexible OLEDs by offering diffusion barrier films with very low water and oxygen penetration. These films, deposited at low temperatures of <100°C, address the susceptibility of OLED material to degrade when exposed to environmental elements. In addition, the systems" unique vision alignment technology ensures accurate and precise mask positioning and deposition, allowing display manufacturers to eliminate photolithography and etch process steps and reduce production costs.

Immediately after AMAT"s disclosure, OLED materials/IP provider Universal Display ((OLED) +5.2%) rallied. As did display panel makers LG Display ((LPL) +6.5%) and AU Optronics ((OTC:AUO) +3.2%), each of which have been stepping up their OLED investments, and industrial laser maker Coherent ((COHR) +2.5%), which has recently seen an OLED-related order surge.

According to equipment start-up Kateeva: "TFE (Thin Film encapsulation) is an exceptionally complex process. At the center is a multi-layer stack of thin-film materials that are highly sensitive to oxygen and water. Particles on any layer cause defects throughout the device, and even the slightest uniformity aberration will distort the display image. The current production approach is vacuum evaporation. It"s a well-established technology that uses shadow masks to deposit the layers in a stencil-like process. However, it is slow, inefficient, difficult to scale, and prone to yield-killing particles."

First, AMAT has been in the large area deposition market for a long time since 1993 when the company formed a 50:50 JV with Japan"s Komatsu to form AKT (Applied Komatsu Technology), and then in 1999, when it acquired Komatsu"s 50% share. The purpose was to produce flat panel displays.

The report also notes that unit shipments of large area TFT-LCDs for TVs will decline 5% in 2016 while area growth will increase 5%, and there will be a trend toward large area OLED TVs. Likewise, there is a migration to OLEDs from LCDs for smartphones, particularly for Apple (AAPL) in 2017. In other words, the LCD market is relatively flat, so it is my contention that the $700 million in display orders reported by AMAT are largely OLED displays, substantiated when we see Dickerson"s comments on OLEDs.

Kateeva - According to the company, inkjet technology is the breakthrough replacement for TFE. Inkjet can deposit thick films at very high speed, with superb precision and very few defects. Shadow masks are eliminated, which drastically reduces particles. High-yield stacks can be achieved with fewer films than evaporation, and most importantly, inkjet is scalable to G8, which gives display manufacturers an extendible production solution as the industry shifts to larger substrate sizes. Investors include Samsung Venture Investment Corporation and Veeco Instruments (VECO).

Vitriflex - The company"s proprietary thin-film stack architecture is deposited using a novel roll-to-roll vacuum deposition system for manufacturing flexible barrier films. The AEGIS R2R system is capable of deposition on a 1.4 meter-wide web, producing between 500,000 and 700,000 square meters of ultra-barrier film per year for OLED displays and lighting.

Veeco - In 2013, Veeco acquired privately-held Synos Technology, which designed and manufactured Fast Array Scanning Atomic Layer Deposition systems (FAST-ALD) for flexible OLED displays. No systems have been sold to date.

The major TFT-LCD display manufacturers are moving aggressively to OLED displays. According to a report by KDB Daewoo Securities: "In our view, the biggest investment theme in 2016 will be OLED. In the small/mid-sized segment, OLED has significantly narrowed the production cost gap with LCD. Samsung Electronics (OTCPK:SSNLF) (SEC) is now adopting OLED panels in some of its low/mid-end smartphones, and a growing number of Chinese smartphone makers are also adopting the technology. Market speculation that Apple is also looking to adopt flexible OLED further supports our view that growth of small/mid-sized panels will be driven by OLED. However, domestic firms are not the only ones making investments; Chinese panel makers, such as BOE, Truly, and Tianma, as well as the Japanese firm JOLED, are also ramping up OLED spending."

Companies making significant investment in 2015 and into 2016 are LG Display, Samsung Display, Japan Display, and Chinese manufacturers Tianma, Truly, and Visionox.

With AKT already established in the TFT-LCD market, it is clear to me that the $700 million in display orders came from these companies, with a large percentage from LG Display. Kateeva has been shipping to Samsung for the past 18 months, and I don"t think much or any orders for AMAT would have come from Samsung (which is also an investor in Kateeva).

The OLED display market is expected to grow strongly over the next decade, but high production costs will moderate growth over the next few years. For the OLED encapsulation segment, where AMAT competes, the total area of encapsulation is expected to grow from 300K square meters in 2015 to 320K square meters in 2016 and further to 460K square meters in 2017, according to The Information Network. The real growth will come from the flexible market, small at 20K square meters in 2016, but growing to 300K square meters in 2017.

Another critically important point is that OLEDs are replacing TFT-LCDs, and capacity builds in TFT-LCDs are nearly flat except for Chinese TFT-LCD manufacturer BOE, which is lagging in investments in OLEDs. Also remember that OLEDs are a replacement for TFT-LCDs, in small form factors such as smartphones and large form factors such as TVs. However, growth has not been spectacular in these sectors of late. The saving grace is the trend to larger TVs, even though growth has stalled in unit shipments. In the mobile space, larger size tablet sales are falling and the size of the smartphone display is not increasing, so that growth will be coming from increased unit shipment.

AMAT is entrenched in the TFT-LCD display market and is now entering the OLED market, already populated by a large number of companies using a variety of technologies, many of which have been developing and selling into the sector for several years. The reality is that for every order AMAT gets for OLED production, it loses for TFT-LCD production. Is the $700 million display order rate sustainable for AMAT? In my humble opinion, no.