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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:

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Highlighted with 36 tables and 64 figures, this 136-page report Asia Pacific Smart Displays Market 2020-2030 by Product (Home Displays, Mirrors, Signage, Others), Resolution (HD, FHD, UHD), Display Technology (LCD, OLED, Others), Display Size (<32 Inch, 32-52 Inch, >52 Inch), Touch Panel (Resistive, Capacitive), Device Category (Consumer, Commercial), Application, and Country: Trend Forecast and Growth Opportunity is based on a comprehensive research of the entire Asia Pacific smart displays market and all its sub-segments through extensively detailed classifications.

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Asia Pacific smart displays market in every aspect of the classification from perspectives of Product, Resolution, Display Technology, Display Size, Touch Panel, Device Category, Application, and Region.

TAIPEI — As Congress grapples with how best to support Taiwan in the years ahead against China’s growing bellicosity, the one action many experts and lawmakers believe could most reduce the risk of war is one of the more politically and diplomatically difficult ones for the Biden administration to undertake.

It’s assumed that deepening Taiwan’s economic ties first to the West and then the global economy through trade deals with the United States, as well as with other Asian countries and Europe, would significantly raise the stakes for China. The thinking is that could convince Beijing against any military attack on the self-governing island because of the likely risk of being punished by Western sanctions.

The Biden administration is essentially pursuing parallel regional trade talks, with the U.S.-led Indo-Pacific Economic Framework for Prosperity – launched earlier this year with participation from 14 countries including Japan, South Korea, and Australia – and with a separate bilateral trade path for Taiwan.

“From Taiwan’s perspective, this is actually the first time that the U.S. has agreed to start this building block process,” Lee said. “This is a breakthrough. This is something that we have been requesting for the last 15, 20 years and never happened, not even a step further to study the possibility, nothing, and now we’re starting to negotiate at least one-third of an FTA.”

The White House ultimately chose to exclude Taiwan from the IPEF talks amid fears of Chinese economic retaliation raised by the other participants. Having the United States go first in negotiating a bilateral trade agreement with Taiwan is seen by some advocates as necessary for other countries like Japan, India and the United Kingdom to follow suit. That"s due to Beijing’s threats to other countries against entering trade discussions with Taipei.

“We still welcome the [U.S.-Taiwan 21st Century] Trade Initiative but, we also hope that in the near future we can have a real trade agreement with the U.S.,” Taiwanese Economic Affairs Minister Mei-Hua Wang said in an August interview in her office, referring to the bilateral trade talks the Biden administration announced for Taiwan this summer. “That is not just because we want to have low tariffs, but because that can let any other country … know you can have a real trade agreement with Taiwan.”

The Office of the U.S. Trade Representative is taking the lead in the trade talks with Taiwan, with the first round expected to take place this fall. The two sides have agreed to a negotiation agenda that includes trade facilitation, regulatory practices, improving anti-corruption rules, digital and agricultural trade, as well as labor and environmental standards.

Taiwan is the United States’ eighth-largest trading partner, while the United States is Taiwan’s second-largest trading partner, after China, according to the State Department.

Much of the investment activity between the two advanced economies is centered around expanding production capacity — including with the construction by Taiwan Semiconductor Manufacturing Company of a $12 billion production facility in Phoenix — for the highly advanced semiconductor chips that Taiwan is a global market leader in producing, and which the U.S. automotive and technology sectors have become deeply reliant upon.

If Taiwan’s semiconductor industry were to be destroyed, degraded or placed under Western sanctions as a result of a Chinese military occupation of the island, the consequences for the global economy would be enormous because of the irreplaceable market share Taiwan occupies in producing the most highly advanced chips that are needed for many next-generation technologies such as advanced military electronics, artificial intelligence and quantum computing.

Fully aware of how important the so-called silicon shield is to preserving Taiwan’s continued de facto sovereignty, TSMC has made it clear that while it will offshore production capacity for some semiconductor chips in friendly nations like the United States and Japan, the manufacturing of the most advanced chips remains in Taiwan, according to Lee.

“A trade deal creates a halo effect, so the United States private sector comes in and invests more and when the U.S. comes in, the allies invest more,” said Keith Krach, who as undersecretary of State for economic growth during the Trump administration pushed for deeper trade engagement with Taiwan. “For security and defense purposes, we want as much allied investment into Taiwan as possible. That’s why it’s strategic because it’s a great foreign policy tool. If you’re looking at trade just in a box, which sometimes our government does, then you"re not taking full advantage of that leverage.”

Key U.S. lawmakers have voiced support for the Biden administration deepening trade engagement with Taiwan, tying it to U.S. national security interests in avoiding a military conflict between Taiwan and China that experts warn would be an order of magnitude more harmful for global economic stability and growth than Russia’s invasion of Ukraine. That"s due to the much greater size of the Chinese and Taiwanese economies, respectively, and the reliance of so many foreign trade sectors on Taiwan’s semiconductor industry.

“This hearing symbolizes our interest in a deeper trade relationship with Taiwan. I know on this committee there is strong bipartisan support for those words,” said Chairman Richard E. Neal, D-Mass., who voted against TPA in 2015. “We want to deepen our ties. Formalizing these efforts to build more durable ties will have benefits for both the United States and Taiwan.”

Added Rep. Kevin Brady of Texas, the top Republican on the committee and who is retiring at the end of the year: “The U.S.-Taiwan Initiative on 21st Century Trade is welcome, but it’s not enough. The Biden administration’s unsatisfying new trade approach focuses on working groups, frameworks, and dialogs, but that’s not enough. I fear if we remain on this course, we won’t reach the concrete outcomes.”

And a key bipartisan Taiwan policy bill (S 4428) waiting to be brought up for a Senate floor vote would establish as U.S. policy that Taiwan be included as a participant in the IPEF talks while recommending the Biden administration commence immediate and substantial negotiations with Taipei on a comprehensive bilateral free trade deal.

“We’ve faced China’s coercion so much so if we have an FTA with any other country, then everyone will understand that Taiwan is an individual entity. We do not belong to China,” Wang said. “So having the trade agreement is so important for Taiwan.”

The Biden administration should focus on persuading a group of countries and major companies to simultaneously announce support for Taiwan joining multilateral frameworks, including IPEF, in order to confound China’s preferred approach of applying bilateral economic pressure on countries it’s unhappy with, Krach said. “What are they going to do, retaliate against all companies and all countries?”

Wang pointed to the recent example of Japan increasing its purchases of Taiwanese pineapple after China banned their import in 2021. Japanese imports of the pineapples were so strong that the economic coercion tactic mostly fell flat.

Similarly, Taiwan’s stepped-up government-backed foreign investment and credit lines to Lithuania, to the tune of an announced $1.2 billion, have buffered the small Baltic country’s economy after Beijing allegedly tried to shut down many of its foreign supply chains by denying access to Chinese-made products as punishment for Lithuania’s 2021 decision to allow Taipei to open a de facto embassy in its capital.

So long as there is no multinational response to China’s economic coercion tactics, “Taiwan will continue to be pushed into the corner,” said Lee, pointing to the example of Germany’s deep trade investment in China. “When they look east, they never see Taiwan, there’s only China. Overshadowed is too light a word to describe the situation. To their eyes, there’s no Taiwan, there’s only China. That’s the world now. So, we would like to see a world where China becomes much smaller in terms of influence.”

Fact.MR has announced the addition of the "LCD Panel Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028"report to their offering.

IMARC"s latest study "TFT LCD Panel Manufacturing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue" provides a techno-commercial roadmap for setting up a TFT LCD panel manufacturing plant.

Sharp has LCD panel factories in Kameyama and Sakai in Japan and produces small- and medium-sized panels for smartphones as well as large panels for TVs.

Sharp said yesterday it has agreed to pay Dell and two other companies US$198.5 million to settle a lawsuit for fixing LCD panel prices in Europe and North America.

Samsung Electronics Co Ltd (Korea:005930) (OTCOTHER: SSNLF) announced today that it is expanding the transparent display market with the production of a 46-inch transparent LCD panel, beginning this month.

The LCD panel business alliance still continues in a form, in order to "respond to such challenging conditions and to strengthen their respective market competitiveness," according to the statement released by Samsung.

As LCD panel prices continue to slide due to a supply glut, Sony is increasingly relying on other manufacturers for the key TV component as part of its cost-cutting efforts, the daily said.

Yes, it happens. It was 2013 when I had a phone call from BenQ, a multinational manufacturer of LCD monitors. The project manager mentioned that one kind of LCD TV screen they were currently shipping damage. BenQ team looked for a solution from us to prevent broken TV monitors when shipped because defective products are not what any good business would want to do.

It was BenQ’s biggest embarrassment. They had a factory in mainland China and every time certain models of LCD screens were produced, they would be shipped to PChome Taiwan for sale. However, the recent damage rate of the goods had been abnormally high up to nearly 20%. Taking preventive measures, such as adjustment of packaging materials or structure, etc., there is no significant effect.

The situation became increasingly serious and it’s not just that it was BenQ who noticed this problem; customers’ feedback also showed that their LCD TVs were suffering from abnormal damages when delivered to them. Without any big accidents happening during the transportation or delivery process at all – one could only imagine what was going on inside those.

We had conducted a study on what type of shock can affect the LCD screen and how much damage it entails. We first put types of indicators labels in the box of the LCD panel in order to determine how much force damage would occur during regular shipment and transit.

In fact, change the handling environment is the fastest and most effective way to solve damaged LCD TV screens, and where Impact Label comes to play! BenQ is not the first user of impact indicators in LCD TV manufacturers. To comply with your LCD TV, our free consultant and free samples for testing are waiting for you.