Flat Panel Display Market 2019-2026: Industry Scope of the Research
High demand for vehicle displays technology in the automotive sector and surge in demand for OLED display devices in smartphones & tablets are the major factors propelling the growth of the global flat panel display market
The report provides a detailed analysis of the drivers & opportunities, wavering market trends, competitive market scenario, and market size & estimates. As per the report, the global flat panel display industry was estimated at $116.80 billion in 2018 and is expected to hit $189.60 billion by 2026, registering a CAGR of 6.10% during 2019–2026.
The LCD segment to retain its dominance till 2026-
Based on technology, the LCD segment contributed to more than three-fifths of the global flat panel display market share in 2018 and is expected to lead the trail during 2019–2026. The fact that several electronic applications such as digital clocks, calculators, and music systems, use LCD display for data visualization has propelled the growth.
Drivers, restraints, and opportunities-
High demand for vehicle displays technology in the automotive sector, rise in demand for OLED display devices in smartphones & tablets and an increase in adoption of interactive touch-based devices in the education sector fuel the growth of the global flat panel display market. On the other hand, the high cost of new display technologies and stagnant growth of desktop PCs, notebook, & tablets curb the growth to some extent.
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North America to maintain the lion's share-
Based on geography, North America accounted for nearly two-fifths of the global flat panel display market revenue in 2018 and is anticipated to rule the roost till 2026. Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 9.7% throughout the forecast period. An increase in demand for an interactive table, Kiosk, video walls, and touch technology in the region has driven growth.
The key players operating in the flat panel display industry include G Display Co., Ltd., NEC Corporation, Sharp Corporation, Samsung Electronics Co. Ltd, AU Optronics Corp., Sony Corporation, Panasonic Corporation, Japan Display Inc., Crystal Display Systems Ltd, and E ink Holdings Inc.