The global flat screen market the size should go from $134.2 billion in 2020 at $191.4 billion by 2027at a CAGR of 6.1% from 2021 to 2027. A flat panel display is an electronic screen that displays information such as words, movies, photos, or other visual content. Traditional CRT TVs are much heavier and narrower than flat TVs–panel screens. organic light–Light emitting diode (OLED)LCD display (LCD)Light–Light emitting diode (LEDs)and other technologies are used in these displays. Also, it is mainly used in consumer electronic devices such as laptops, tablets, smartwatches, etc.. The emergence of cutting-edge technologies is delivering enhanced visualizations across multiple verticals including retail, consumer electronics, transportation, sports and entertainment, and more.. Flexible flat panel display technologies are growing in popularity at a high rate.
Additionally, display technologies, such as OLED, are gaining prominence in smartphones, smart wearables, televisions, and other devices.. Additionally, smartphone makers plan to integrate flexible OLED displays to attract consumers. In addition, the market is also producing energy–recording devices, mainly portable devices.
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Growth in in–vehicle display technology in the automotive industry, the growing demand for OLED display devices in smartphones and tablets, and the growing use of interactive touch–education-based devices are all important drivers of the flat panel display market. The high cost of new display technologies such as transparent displays and quantum dot displays and the stagnant growth of desktops, laptops and tablets are stifling the growth of flat panel displays.
Moreover, display technology such as OLED offers several advantages over traditional display technologies, including its light weight and flexibility, which has given it a competitive edge over other fields.. OLED technology is often seen as a lighter and smaller alternative to LCD and LED systems. In addition, unlike LCD screens, OLED panels do not require any backlighting.. OLEDs also have the advantage of stable performance in sunlight.. In addition, the global flat panel display market is likely to benefit from the emerging applications of flexible flat panel display devices.
Dynamics of the global flat panel display market
Drivers: Strong demand for vehicle display technology in the automotive sector
Nowadays, display gadgets are also used in automotive industry. In response to this potential, LG Display has announced that it will start producing a head–automotive display system. LG’s Vehicle Display Gadget is a flexible, transparent display that can be moved. Heads–the up display can be used in a variety of ways and has a variety of functions to enhance your driving experience. Co–driver screen, head–up display, center information display, rear seat entertainment and other automotive components are included in the vehicle display. The most popular display technology among major automakers is OLED.
Constraints: High cost of new display technologies
Rapid technological advancements and upgrades in portable devices such as smartphones have seen phenomenal growth in recent years.. Smartphones are easy to use, efficient and economical–efficient. Additionally, smartphones are packed with technology from devices such as laptops, tablets, and PC monitors..
Opportunities: Increased Adoption of Flexible Flat Panels
The current display market is largely concerned with the development of new technologies and new products for large screens and high–resolution pictures. Flexible displays are expected to dominate the display industry in the future. Compared to traditional screens, flexible screens are thin, light and less prone to damage. As a result, flexible displays should both replace and generate new display technologies. In the global display market, these characteristics are expected to generate profitable development prospects.
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The study categorizes the flat panel display market on the basis of application, technology, and industry vertical at regional and global levels.
By Outlook app (Sales, million USD, 2017–2027)
- Smartphone & Tablet
- smart wearable
- Television and digital signage
- PC and laptop
- Vehicle display
By Technology Insights (Sales, million USD, 2017–2027)
- quantum dot
By Industry Vertical Insights (Sales, million USD, 2017–2027)
- Health care
- Military & Defense
Outlook by region (Sales, million USD, 2017–2027)
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
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The LCD Segment expected to account for the largest market share by technology
By technology, the market is divided into OLED, Quantum Dot, LED, LCD and others. In 2020, the LCD segment accounted for the largest market share of 59.3% in the global flat screen market. Organic LED is an emerging type of display technology. This technology eliminates the need for a separate backlight. Display panels based on this technology are thinner than other technologies. This technology produces digital displays in different devices, including PC monitors, television screens, and portable systems such as smartphones.. OLEDs have various advantages over conventional display technologies, such as being lightweight and flexible enough. OLED technology is recognized as a lighter and thinner alternative to conventional LED and LCD systems. In addition, OLED panels do not require any backlight compared to LCDs.. Stable performance in sunlight is an added advantage of OLED.
Asia Pacific represents the highest CAGR over the forecast period
On the basis of regions, the global flat panel display market has been segmented into North America, Asia–Pacific, Europe, South America, Middle East and Africa. Globally, Asia-Pacific is estimated to have the highest CAGR of 9.seven% in the Global Flat Panel Display Market Over the Forecast Period. Developing countries such as China, India, Japan and Australia account for the bulk of the display market in Asia–Peaceful. This region is one of the major market regions for display technology globally, with India and China being the two main countries.. Adoption of new technologies such as touch screens, interactive tables, kiosks and other displays in Asia–Pacific, are expected to fuel the growth of the flat panel display market over the forecast period.
An increase in demand for interactive displays, video walls and touchscreen technology in this region is expected to drive the market. Interactive touch screen is leading technology in every region which provides versatility for retail POS system and provides high intuitive touch experience. Moreover, increasing industrialization and rapid urbanization are also attracting the adoption of highly advanced and interactive solutions.. These factors are expected to drive the demand for flat panel displays in Asia–Peaceful.
Main market players
The flat panel display market is slightly concentrated in nature with few global players operating in the market such as AU Optronics, LG Display Co.. ltd.Samsung Electronics Co.. ltd.Sony Corporation, NEC Corporation, Japan Display Inc..Panasonic Corporation, Crystal Display Systems and E Ink Holdings Inc.