Flat Panel Display Market: Global Industry Analysis and Forecast (2023-2029)

The Flat Panel Display Market was valued at USD 156.9 Billion in 2022, and is expected to reach USD 237.5 Billion by 2029, exhibiting a CAGR of 6.1 % during the forecast period (2022-2029)

Flat panel displays are electronic viewing devices that project information such as photos, movies, messages, or other visual content. Flat panel displays are significantly lighter and thinner than standard CRT television sets. Light-Emitting Diode (LED), Liquid Crystal Display (LCD), Organic Light-Emitting Diode (OLED), and other technologies are used in these display displays. It is also often found in consumer electronic products such as televisions, computers, tablets, laptops, smart watches, and others. The introduction of modern technology allows for improved visualisations in a variety of industry verticals, including consumer electronics, retail, sports and entertainment, transportation, and others.

Growth in vehicle display technology in the automotive industry, increased demand for OLED display devices in smartphones and tablets, and increased use of interactive touch-based devices in the education sector are the primary reasons driving the flat panel display market. However, the expensive cost of new display technologies such as transparent displays and quantum dot displays, as well as the sluggish growth of desktop PCs, laptops, and tablets, are impeding the growth of the flat panel display industry.

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Flat Panel Display Market Dynamics
High demand for vehicle displays technology in the automotive sector

Display devices are now widely used in the car sector. In response to this potential, LG Display stated that it will begin production of a head-up display system for the car market. LG's vehicle display gadget is a transparent flexible display that can be wheeled around. The heads-up display may be used in a variety of ways and performs a variety of functions to improve the driving experience. Automotive components such as co-driver display, head-up display, centre information display, rear seat entertainment, and others are included in the car display. OLED screens are the most popular display technology among major vehicle manufacturers.

Increase in demand for OLED display devices in smartphones and tablets

Organic LEDs are a very new sort of display technology. This technique eliminates the need for additional illumination. This allows for thinner display panels than other technologies used in display devices. It is commonly employed in smartphones with OLED screens, which are becoming increasingly popular. Apple, Oppo, Vivo, LG, and Xiaomi have all begun to use OLED panels in recent years. Furthermore, under low-light ambient settings, an OLED may attain a better contrast ratio than other technologies.

High cost of new display technologies

Because of their complicated design, the most recent display technologies, such as transparent displays and quantum dot displays, are quite expensive. As a result, the majority of the most advanced display technologies are only available in high-end devices that are prohibitively expensive. This factor is expected to limit the market's growth.

Stagnant growth of desktop PCs, notebooks, and tablets

In recent years, rapid technology breakthroughs and upgrades in portable devices such as smart phones have seen considerable growth. Smart phones are simple to use, efficient, and inexpensive. Furthermore, smart phones incorporate technology derived from devices such as laptops, tablets, and PC displays. This issue has an influence on the market for PC monitors, notebooks, and tablets, lowering demand for display in such products. As a result, flat panel display development is expected to be restrained by the sluggish growth of PC monitors, laptops, and tablets.
Flat Panel Display Market Segment Analysis:
Based on the technology, the global flat panel display market has been segmented into OLED, Quantum Dot, LED, LCD and Others. LCD segment accounted highest market share of xx% in 2022 and is expected to grow at the largest CAGR of xx% during the forecast period. Among these technology, LCD is the most chosen technology worldwide. Most of the LCD flat panel manufacturers have worked on improvement in the brightness level of the models to feature a good picture quality. For instance, quantum dot display technology is enabling LCD to provide better color saturation, high image quality, and high brightness. Similarly, advanced LCD technology is being introduced to make display three to four times sharper. High-resolution LCD technology is also being industrialized for Virtual Reality (VR). The demand for LCD technology is also witnessing noteworthy growth in the smartphone manufacturing over the upcoming period.
Flat Panel Display Market Regional Analysis:
Geographically, the global flat panel display market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the 37.8% market share of the global flat panel display market in 2022, and is expected to maintain its dominant position in the market over the upcoming period. The market in Asia Pacific is expected to expand at a high CAGR of XX% during the forecast period due to the surging adoption of technology in the educational and business sectors.

The regional market is led by China as the presence of a large number of market players for consumer electronics. Japan also displays a significant growth in the flat panel display market as the acceptances ratio of consumer electronics is high. Moreover, the rising investments in research and development activities for the introduction of advanced display technologies are predicted to accelerate the growth of this region in the near future.

A report covers the recent development in market for the global flat panel display market e.g., In August 2019, Sharp Corporation launched Sharp 8M-B80AX1U 80" Class 8K Ultra HD LCD display. This display deliver ultimate high definition, conforming to the 8K Ultra HD standards and pixel resolution 16 times greater than Full HD and four times greater than 4K.
Flat Panel Display Market Competitive landscape
Major Key players operating in this market are Display Co, Sony Corporation, Sharp Corporation, Samsung Electronics Co. Ltd, Japan Display Inc. and Panasonic Corporation. Manufacturers in the global flat panel display are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.

The objective of the report is to present a comprehensive analysis of Global Flat Panel Display Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Flat Panel Display Market dynamics, structure by analyzing the market segments and project the Global Flat Panel Display Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Flat Panel Display Market make the report investor’s guide.
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Global Flat Panel Display Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 156.9 Bn.


Forecast Period 2023 to 2029 CAGR:
6.1%
Market Size in 2029:
US $ 237.5 Bn.


 Segments Covered:
by Technology
OLED
Quantum Dot
LED
LCD
Others


by Application
Smartphone & Tablet
Smart Wearable
Television and Digital Signage
PC & Laptop
Vehicle Display
Others


by End Users
Healthcare
Retail
BFSI
Military & Defense
Automotive
Others



Flat Panel Display Market, by Region:
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Flat Panel Display Market Major Players:
1 Display Co
2 Sony Corporation
3 Sharp Corporation
4 Samsung Electronics Co, Ltd
5 Japan Display Inc.
6 Panasonic Corporation
7 nnolux Corporation
8 Applied Materials
9 AU Optronics Corporation
10 Universal Display Corporation
11 Tokyo Electron
12 Toshiba Corporation
13 LG Display Co.Ltd
14 NEC Corporation
15 E lnk Holdings Inc
16 Crystal Display System
17 Emerging Display Technologies Corporation
18 Clover Display Limited
19 Chunghwa Picture Tubes Ltd.
20 Optronics Corp.

Frequently Asked Questions:

1. Which region has the largest share in Market?
Ans: North Amrica region holds the highest 156.9% shares in 2022.

2. What is the growth rate of Market?
Ans: The Global Flat Panel Display Market is growing at a CAGR of 6.1% during forecasting period 2023-2029.

3. What is scope of the market report?
Ans: Global Flat Panel Display Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in market?
Ans: The important key players in the Global Flat Panel Display Market are – Display Co, Sony Corporation, Sharp Corporation,, Samsung Electronics, Japan Display Inc., Panasonic Corporation, nnolux Corporation, Applied Materials, AU Optronics Corporation, Tokyo Electron, Toshiba Corporation, LG Display Co.Ltd, NEC Corporation, E lnk Holdings Inc, Crystal Display System, Clover Display Limited, Chunghwa Picture Tubes Ltd., and Optronics Corp.

5. What is the study period of this market?
Ans: The Market is studied from 2022 to 2029.