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.
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 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.
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.
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.
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.
Market share, capacity, plant turnarounds, expansions, investments, mergers, and acquisitions, among other recent events, are the primary areas of emphasis for the major companies.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global TFT-LCD Display Panel Market Analysis
8.1 Key Industry Highlights
8.2 Global TFT-LCD Display Panel Historical Market (2017-2021)
8.3 Global TFT-LCD Display Panel Market Forecast (2022-2027)
8.4 Global TFT-LCD Display Panel Market by Size
8.4.1 Large Size
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.2 Medium and Small Size
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Global TFT-LCD Display Panel Market by Application
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.5.2 Mobile Phones
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5.3 Mobile PCs
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.6 Global TFT-LCD Display Panel Market by Region
8.6.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
184.108.40.206 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
220.127.116.11 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Samsung Electronics Co., Ltd.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.2 LG Electronics Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.3 Sharp Corporation
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.4 BOE Technology Group Co., Ltd.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.5 AU Optronics Corp
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13 Industry Events and Developments
The global TFT-LCD Display Panel market size was valued at USD 172.53 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 5.2%.
The significant demand for gadgets in emerging nations is one of the essential drivers of the TFT-LCD Display Panel market growth.
Samsung Electronics Co. Ltd., LG Electronics Inc., Sharp Corporation, BOE Technology Group Co., Ltd., AU Optronics Corp, and others are some of the major players in the market.
The North American region of the TFT-LCD Display Panel industry holds a significant share in the market.
The global TFT-LCD Display Panel market attained a value of USD 172.53 billion in 2021, driven by the consistently rising demand for flat-panel TVs, high-end smartphones, tablets, and car monitoring systems, as well as the expanding gaming sector and aided by the high demand for the product from growing nations, particularly those in the Asia Pacific like India, China, Korea, and Taiwan, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 5.2%. The market is projected to reach USD 233.86 billion by 2027. Some of the leading players in the industry are Samsung Electronics Co. Ltd., LG Electronics Inc., Sharp Corporation, BOE Technology Group Co., Ltd., AU Optronics Corp, and Others.
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