TFT-LCD Display Panel Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global TFT-LCD Display Panel market reached a value of about USD 172.53 billion in 2021. The industry is projected to grow at a CAGR of around 5.2% in the forecast period of 2022-2027 to reach a value of about USD 233.86 billion by 2027.

The global TFT-LCD Display Panel industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing demand for gadgets is driving the market growth. North America is the highest category spender by region, driving the need for the TFT-LCD Display Panel industry.

Industry Definition and Segmentation

Each pixel of a TFT-LCD display panel, a liquid crystal display, is connected to a thin film transistor; this type of liquid crystal display improves colour fidelity by connecting each pixel to a transistor. Due to their favourable characteristics, including lightweight, slimness, excellent resolution, and low power consumption, are in great demand in almost all industries. They are used in all computer and television displays because they provide faster reaction times, higher colour fidelity, and less picture distortion than earlier technologies. The TFT-LCD Display Panel industry report comprises segments by Size (Large Size, Medium, and Small Size), Application (Television, Mobile Phones, Mobile PCs, Monitors, Automotive, and others), and Region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

North American Region is Driving the Growth of the Industry

North America holds the largest share in the industry, with more than one-third of the worldwide market share.

The industry is propelled by the booming gaming market and the steadily rising demand for flat-panel TVs, high-end smartphones, tablets, and automobile monitoring systems. Consumer electronics, including LCD TVs, PCs, laptops, SLR cameras, navigational devices, and other items, are in higher demand, helping the business expand. In addition, the increasing household demand for large-screen, average-sized flat-panel TVs and sleek, high-resolution smartphones with large displays is further boosting sales in the sector. Moreover, the rapidly developing market for portable, compact tablets in the business and educational sectors has been growing, resulting in increased demand. Also, the rising demand for vehicle displays, a burgeoning video game sector, and the increasing popularity of 3D movies are factors that are positively impacting the market's expansion.

Best Procurement Practices

The global TFT-LCD Display Panel industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global TFT-LCD Display Panel regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

A voltage may be placed across only one segment of these kinds of displays without interfering with the other segments since the liquid crystal displays used in devices with comparable primary displays have direct-driven picture components. Rows and columns are used to address the pixels, bringing down the number of connections from millions to hundreds. One transistor switch is connected to each row and column of wires for each pixel. The charge is applied to each pixel and is kept from draining between image refreshes thanks to the transistor's one-way current passing the property. A layer of insulating liquid crystal is placed between transparent conductive ITO layers in each pixel, a tiny capacitor. A TFT-circuit LCD's layout procedure is highly comparable to semiconductor goods. Typically, the PECVD method deposits the silicon layer for TFT-LCDs. Transistors occupy only a little portion of each pixel, and the remaining silicon film is etched away so light can readily travel through it.

Growing Demand from Emerging Nations, Further Driving the Procurement of TFT-LCD Display Panel

The industry is being aided by the high demand for the product from growing nations, particularly those in the Asia Pacific like India, China, Korea, and Taiwan, among others. The Asia-Pacific area comes in second place, with important developing markets for TFT-LCD display panels in places like India, China, Korea, and Taiwan. Among the markets in the area with the highest growth are China and India. These regions' expanding economies, rising disposable incomes, and increasing consumer electronics demand all contributed to the expansion of demand in those areas.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the TFT-LCD Display Panel Industry Report

• Samsung Electronics Co. Ltd.
• LG Electronics Inc.
• Sharp Corporation
• BOE Technology Group Co., Ltd.
• AU Optronics Corp

Market Landscape

Market share, capacity, plant turnarounds, expansions, investments, mergers, and acquisitions, among other recent events, are the primary areas of emphasis for the major companies.

Key Initiatives by Companies

• June 20, 2022 - The ViewFinity S8, a high-resolution monitor designed for creative professionals such as content makers, graphic designers, and more, has been released globally by Samsung Electronics Co., Ltd.
• June 28, 2022 - The first integration of Amazon's well-known Alexa AI with LG hotel TVs using the powerful webOSTM smart TV platform has been co-developed by LG Electronics and Amazon using their respective strengths in the hospitality market, the two companies announced at HITEC 2022, the largest hospitality technology trade show in the world.