The Global Market for Flat Panel Displays (FPDs) is Projected to Reach US$187 Billion by 2022

Growing Importance of High Performance Displays in HMI Design Drives Adoption of Flat Panel Displays, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Flat Panel Displays (FPDs) market. The global market for Flat Panel Displays (FPDs) is projected to reach US$187 billion by 2022, driven by the expanding application of Human Machine Interface (HMI) in the electronics era and the ensuing demand for sophisticated displays as the key touch point for human interaction with devices.  

Flat Panel Displays (FPDs) have become the standard form factor for electronic displays. Virtually every segment of the display market is dominated by flat panel screens. A technological leap from the bulky, power-hungry cathode ray tube (CRT) monitors, advantages of a flat planar form factor include less radiation emission, lower screen flicker, superior contrast, pixel resolution and brightness, reduced energy consumption, thinner form factors that enables space conservation, longer life and durability, generate less heat. FPDs are today popular choices for televisions, desktop monitors, tablet PCs, notebook PCs, digital signage, automotive/aircraft cockpit displays, smartphones, digital cameras, camcorders, point-and-shoot cameras, and gaming consoles, among others.CRT displays are today virtually extinct, with the FPD technology price drops resulting in massive migration away from conventional display technologies. Among the rapidly growing end-use sectors for FPDs are digital signage and consumer electronics. The less than 10 centimetres thick display has witnessed widespread proliferation in mobile computing devices. Other rapidly emerging application sectors include healthcare, education, military and defense. A major portion of FDPs in the market are based on thin film transistor (TFT)-based liquid crystal display (LCD) technology. Organic light-emitting diodes (OLEDs) based FPDs and plasma display panel (PDP) and field emission display (FED) are still evolving, expensive and are not mainstream in most application markets. In the coming years, OLED and PLED based FPDs will grow in cannibalizing popularity in the small screen display market.

The growth in the FPD market remains absolute against the backdrop of the era of digitalization and the indispensability of digital information visualization. Electronic displays will continue to remain the only key human-computer interface. Developments in supportive computer hardware, software and graphics will drive growth and adoption of modern display technologies. The FPD market in particular will continue to benefit from the impressive growth in semiconductor manufacturing technologies like PVD and PECVD, which are used widely to fabricate FPDs. The growth in the market is also driven by the demand for high resolution medical imaging systems, migration towards smart factories and Industrial Internet of Things (IIoT) and the resulting increase in demand for industrial LCD display panels, proliferation of digital outdoor marketing and the ensuing demand for large electronic outdoor displays. Growing investments in industrial automation will addition create the need for intuitive Human Machine Interface (HMI) where FPD are forecast play a vital role.

As stated by the new market research report on Flat Panel Displays (FPDs), Asia-Pacific represents the largest market worldwide. The Asia-Pacific is also forecast to emerge as the fastest growing market with a CAGR of 5.9% over the analysis period, led by factors such as stable economic growth; robust consumer electronics industry supported by the impressive proliferation of mobile computing devices such as smartphones; investments in new FPD production capacity, particularly in China despite the overhanging concerns over endemic oversupply; and strong demand for large-area FPDs in the education and advertising sectors.

Major players in the market include AU Optronics Corp.,  BOE Technology Group Co. Ltd.,  CEC Panda LCD Technology Co. Ltd.,  China Star Optoelectronics Technology,  Chunghwa Picture Tubes Ltd.,  Clover Display Limited,  Densitron Technologies plc,  Emerging Display Technologies Corp.,  HannStar Display Corp.,  Hantronix, Inc.,  Innolux Corporation,  Japan Display Inc.,  Kopin Corporation Inc.,  Kyocera Corporation,  LG Display Co. Ltd.,  Microtips Technology Inc.,  NLT Technologies Ltd.,  Panasonic Corporation,  Powertip Technology Corporation,  Samsung Display Co. Ltd.,  Sharp Corporation,  and Universal Display Corporation, among others. 

The research report titled “Flat Panel Displays (FPDs): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the North America, Japan, Europe, Asia-Pacific (China, South Korea, Taiwan, and Rest of Asia-Pacific), and Rest of World. The research report also analyzes the global and regional markets by the major Display Technologies, namely OLED Displays, Plasma Displays, TFT LCD Displays, and Others. Market sizing and forecasts are also provided by major Applications: Automotive, Mobile Phones/Tablets, Personal Computers/Notebooks, Television, and Others.

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