The Global Market for Flat Panel Displays (FPDs) is Projected to Reach US$186 Billion by 2024

Demand from Consumer Electronics and Automotive Sectors & Technological Innovations Drive the Global Flat Panel Displays Market, 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$186 billion by 2024 driven by technological advancements; rapidly rising demand of FPDs from consumer electronics, automotive, television and PC markets; and emerging new applications in education & advertising.

Flat panel displays (FPDs) are electronic display technologies that enable viewing of content such as moving & still images, and other visual material and text in entertainment and media format. FPDs are fast replacing conventional glass-displays in almost all applications as the quality of picture in FPDs is far better when compared to the latter. They are now the most extensively used displays in televisions, computer monitors, digital signage, automotive/aircraft cockpit displays and several other consumer electronic displays such as smartphones, digital cameras, camcorders, and gaming consoles, among others. Major benefits with flat panels come from their thin form factor and light weight. The less than 10 centimeter thick display has witnessed widespread proliferation in mobile computing devices. Among the rapidly growing end-use sectors for FPDs are digital signage, consumer electronics, healthcare, education, military and defense. A large share of FDPs in the market is based on thin film transistor (TFT)-based LCD technology. Organic light-emitting diodes (OLEDs) based FPDs and field emission display (FED) are still evolving, expensive and are not mainstream in quite a few application markets. In the coming years, OLED and PLED based FPDs are expected to grow in cannibalizing popularity in the small screen display market.

Strong growth in demand for larger and higher resolution displays in smart phones supplemented with continuous reduction in their prices constitutes the major growth driver for the market for FPDs. Demand is currently high across the world for more efficient (less power consuming) and more interactive features-integrating electronic products such as televisions. The automotive sector, another high potential market, is increasingly integrating FPDs in the interiors of modern day automobiles for a number of applications. Thus rapid growth in the sector is a critical demand growth driver for FPDs. Education, medical and advertising sectors are the other high potential market segments, which are increasingly adopting advanced display technologies. Nonetheless, new technologies come at a cost. The key factor with the potential to restrict market growth is the higher price volatility. Concentration of consumer base, especially in urban markets is another growth restraining factor for the market. This combined with the factor of higher personal computer-monitors and television production volumes, which have led to saturation, act as potential market growth restraints for FPDs. 

As stated by the new market research report on Flat Panel Displays (FPDs), Asia-Pacific represents the largest market worldwide. The Asia-Pacific region is also forecast to emerge as the fastest growing market with a CAGR of 5.5% over the analysis period, led by the fast growing economies of India and China which display the highest growth potential due to factors of huge populations, strong electronic manufacturing sectors and immense governmental support for sector growth among others. Stable economic growth; impressive proliferation of mobile computing devices; investments in new FPD production capacity; and strong demand for large-area FPDs in the education and advertising sectors are other factors driving growth in the region. 

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 Ltd., Densitron Technologies Ltd., Emerging Display Technologies Corp., HannStar Display Corp., Hantronix, Inc., Innolux Corp., Japan Display Inc., Kopin Corp., Kyocera Corp., LG Display Co., Ltd., Microtips Technology, Panasonic Corp., Powertip Technology Corp., Samsung Electronics Co., Ltd., Sharp Corp., Tianma America, Inc., Tianma Japan, Ltd., and Universal Display Corp., 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 US, 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.

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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