According to IMARC Group’s latest report, titled “TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the TFT LCD panel market share.
The global TFT LCD panel market size reached US$ 165.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 217.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.66% during 2023-2028. A thin Film Transistor (TFT) is an active-matrix liquid-crystal display (LCD) panel with better picture clarity. It comprises transistor controls that display lighting to allow comfortable viewing even in bright surroundings. As compared to conventional cathode ray tube (CRT) televisions, it is lighter, thinner, more feasible due to their greater size and exhibits a higher resolution and consumes minimal energy. Apart from this, TFT LCD display panel can be viewed from different angles, and it improves the image quality, such as addressability and contrast, at a faster response time. Consequently, it is used in multiple consumer electronics, including mobile phones, portable video gaming devices, televisions, laptops, and computers. Currently, TFT LCD further finds applications in automobile navigation, medical equipment, laser image pointer, single-lens reflex (SLR) cameras, and digital photo frames.
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TFT LCD Panel Market Trends:
The rising demand for various consumer electronics, such as large-size, flat-screen televisions (TVs) and high-resolution smartphones with easy-to-use displays in residential areas, is primarily driving the market growth. Moreover, the growing consumer awareness regarding the multiple TFT display benefits, including better user experience and readability, has prompted their incorporation in gaming consoles and three-dimensional (3D) movie projector screens, which is propelling the market growth. Additionally, the increasing need for bright dashboard displays and navigation systems has intensified the uptake of TFT LCDs in airplanes, trains, and buses. Besides this, the widespread adoption of plasma-enhanced chemical vapor deposition (PECVD) technology to produce TFT panels with uniform thickness and crack-resistance properties is supporting the market growth.
TFT LCD Panel Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the TFT LCD panel market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- LG Electronics Inc.
- Samsung Electronics Co., Ltd
- Innolux Corporation
- AU Optronics Corp.
- Sharp Corporation
Key Market Segmentation:
The report has segmented the global TFT LCD panel market on the basis of size, technology, application and region.
Breakup by Size:
- Large Size TFT-LCD Display Panel
- Medium and Small Size TFT-LCD Display Panel
Breakup by Technology:
- 8th Generation
- Other Generations
Breakup by Application:
- Television
- Mobile Phones
- Mobile PCs
- Monitors
- Automotive
- Others
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, South Africa, United Arab Emirates, Others)
Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/tft-lcd-panel-manufacturing-plant
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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