The new report by Expert Market Research titled, ‘Global TFT-LCD Display Panel Market Size, Share, Trends, Growth, Analysis, Outlook, Report and Forecast 2021-2026’, 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 report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026):
● Historical Market Size (2020): USD 167.16 billion
● Forecast CAGR (2021-2026): 5.8%
● Forecast Market Size (2026): USD 221.60 billion
The global TFT-LCD display panel market is being led by the rising demand for flat panel TVs, high-quality smartphones, laptops, and vehicle tracking systems, as well as the expanding gaming industry. The flat panel display dominates the global display market, with TFT-LCD display panels being one of the most common flat panel forms. The market for TFT-LCD display panel is being driven by a strong demand from the emerging economies, particularly those in the Asia Pacific such as India, China, and Taiwan, among others. The rising demand for consumer electronics such as LCD TVs, PCs, notebooks, SLR cameras, navigation equipment, and others has aided the industry’s expansion.
Industry Definition and Major Segments
TFT-LCD display panel is a liquid crystal display in which each pixel is connected to a thin film transistor. TFT has been used in all LCD computer screens since the early 2000s because it has a faster response time and better colour quality. It is in high demand in almost all sectors where displays are needed due to their advantageous properties, such as lightweight, slimness, high resolution, and low power consumption.
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By size, the market can be divided into:
● Large Size
● Medium and Small Size
Based on application, the market is segmented into:
The major regions of the market can be segmented into
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The global TFT-LCD display panel market is being led by the rising household demand for medium and big-sized flat-screen televisions, as well as the demand for small, high-resolution smartphones with large displays. The growing demand for portable and small-sized tablets in the educational and commercial sectors has also contributed to the growth of the TFT-LCD display panel industry. Increasing demand for car displays, a thriving entertainment industry, and the growing success of 3D cinema are all significant market driving factors. Despite worries about industry oversupply amidst the COVID-19 pandemic, shipments of big TFT-LCD display panels increased again in 2020, bolstering the industry growth.
Key Market Players
Samsung, LG Electronics Inc., Sharp Electronics Corporation, BOE Technology Group Co., Ltd., and AU Optronics Corp, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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