Overview and Scope
A flat panel display refers to a type of electronic display device that utilizes flat screens, offering higher resolution, better color accuracy, and sharper image quality compared to cathode ray tube (CRT) displays. These displays are characterized by their thin, lightweight design and typically consist of a flat panel of glass or plastic where images or video are displayed electronically. It consists of a flat panel with millions of tiny pixels that emit light when an electrical current passes through them, producing images and colors.
Sizing and Forecast
The flat panel display market size has grown strongly in recent years. It will grow from $129.63 billion in 2023 to $138.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to technological advancements, consumer demand for high-quality displays, declining prices, emerging markets, regulatory standards, and environmental concerns.
The flat panel display market size is expected to see strong growth in the next few years. It will grow to $179.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the emergence of new display technologies, demand for flexible and foldable displays, the rise of augmented reality (AR) and virtual reality (VR), integration of displays in smart devices and IoT, demand for energy-efficient displays. Major trends in the forecast period include continued growth in large-screen displays, convergence of display technologies, focus on sustainability and recyclability, personalization and customization, and rapid innovation cycles.
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Segmentation & Regional Insights
The flat panel display market covered in this report is segmented –
1) By Technology: Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), Light Emitting Diode (LED), Quantum Dot, Other Technologies
2) By Screen Size: Small Screen, Medium Screen, Large Screen
3) By Application: Smartphone And Tablet, Television And Digital Signage, Personal Computer (PC) And Laptop, Vehicle Display, Smart Wearable, Other Applications
North America was the largest region in the flat panel display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flat panel display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising automotive industry is expected to propel the growth of the flat panel display market going forward. The automotive industry encompasses designing, manufacturing, marketing, and selling motor vehicles, including cars, trucks, and motorcycles. The automotive industry is rising due to technological advancements, increasing demand for electric and autonomous vehicles, and global economic growth. Flat panel displays in the automotive sector serve as instrumental components for infotainment systems, providing drivers and passengers with intuitive interfaces for navigation, entertainment, and vehicle diagnostics, enhancing the overall driving experience and safety. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based association, in 2022, 85.4 million motor vehicles were produced around the world, an increase of 5.7% compared to 2021. Therefore, the rising automotive industry is driving the growth of the flat panel display market.
Key Industry Players
Major companies operating in the flat panel display market are Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc., NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., Tokyo Electron Limited, TCL Display Technology Holdings Limited, AU Optronics Corporation, Innolux Corp, Japan Display Inc., Planar Systems Inc., BenQ Corporation, Densitron Technologies Plc., Hannstar Display Corporation, Emerging Display Technologies Corporation, Novaled AG, Crystal Display Systems Ltd
The flat panel display market report table of contents includes:
1. Executive Summary
2. Flat Panel Display Market Characteristics
3. Flat Panel Display Market Trends And Strategies
4. Flat Panel Display Market – Macro Economic Scenario
5. Global Flat Panel Display Market Size and Growth
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32. Global Flat Panel Display Market Competitive Benchmarking
33. Global Flat Panel Display Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Flat Panel Display Market
35. Flat Panel Display Market Future Outlook and Potential Analysis
36. Appendix
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