The flat panel display market size is projected to be valued at US$ 149,441.2 million in 2023 and is expected to rise to US$ 217,682.7 million by 2033. The sales of flat panel displays are expected to expand at a significant CAGR of 3.8% during the forecast period.
Visual displays have become an indispensable part of our everyday lives. Among the many advancements in display technology, flat panel displays have emerged as a game-changer, revolutionizing the way we consume and interact with visual content.
There have been significant advancements in display technologies over the years. Liquid crystal displays (LCDs) were among the first commercially successful flat panel displays. They utilize liquid crystal molecules that can block or allow the passage of light, resulting in vibrant visuals and energy efficiency.
The versatility of flat panel displays has made them indispensable across various industries. Here are some key applications:
| Attribute | Details |
|---|---|
| Flat Panel Display Market Estimated Size (2023) | US$ 149,441.2 million |
| Flat Panel Display Market CAGR (2023 to 2033) | 3.8% |
| Flat Panel Display Market Forecasted Size (2033) | US$ 217,682.7 million |
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Increasing Preference for Flat Panel Displays in Different Applications
The flat panel display market is estimated to rise at a 3.8% CAGR from 2022 to 2027 in comparison with a CAGR of 1.7% registered from 2013 to 2021
Flat panel displays are used in TVs, monitors, and other display-centric appliances. These are thin panels instead of traditional cathode ray tubes (CRT). These displays are thin and light and are portable as compared to traditional monitors and TVs. A few important factors driving the market growth include:
Advancements in Information Technology to Create New Market Opportunities
With rising advancements in information technology, the electronic display has grabbed the attention of consumers and engineers across the globe. The demand for electronic devices such as laptops, television, mobile phones, and tablets with flat panel displays is increasing.
Flat panel display manufacturers are also focusing on including retina displays and UHD 4K to increase the pixel density of devices. Liquid Crystal Display (LCD) is gaining popularity as it is energy efficient and also offers better picture quality than other technologies.
Flat panel display technology is also gaining popularity in the education system, hence flat panel display manufacturers are also working on developing interactive flat panel displays.
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Organic Light Emitting Diode Displays Preferred Owing to their Cost-Effectiveness
Sales of organic light-emitting diode displays are expected to register a 2.7% CAGR by the end of 2027.
The technology of OLED display systems is a new era of large-area, flexible, transparent, and low-energy display and lighting products. The OLED flexibility allows manufacturers to produce OLEDs using roll-to-roll manufacturing processes.
There is no requirement for additional backlighting for OLED panels and this is the reason Samsung experimented with flexible organic light-emitting diode displays and used curved flexible OLED panels for all of its flagship devices.
There is a surge in demand for OLED displays in several regions due to advantages like viewing angles and black levels. Smartphone manufacturers are developing foldable phone models that incorporate flexible OLED displays.
Integration of Flat Panel Displays in the Automotive Industry for Enhanced Driving Experience
The automotive application segment is expected to showcase a CAGR of 4.9% over the upcoming years. Flat panel displays are bringing outstanding opportunities for automotive interior design. The need for great connectivity and automation in the automotive industry is resulting in focus and value on the human-machine interface.
Flat panel display technology is likely to play an important role in creating a customizable, personally sable, and safe car interior. There is an increase in focus from manufacturers to meet the needs of automotive brightness and reliability requirements at an affordable cost. Hence, the rising adoption of flat panel displays in the automotive industry is fueling market growth.
Growing Usage of High-resolution Displays in Consumer Electronics
The consumer electronics segment is expected to rise at a CAGR of 3.3% and capture 44.3% of the end-user segment over the coming years.
In the last few years, demand for large and high-resolution displays has been the popular trend driving smartphone sales. High resolution and large display size offer a PC-like view without image distortion.
Global television market growth is being driven by innovative product and technology launches such as 4K display resolution, OLED TVs, and Smart TVs. 4K resolution TV provides four-time better image quality as compared to HD TVs.
OLED displays offer the best picture quality improvements. TV manufacturers are shifting from dull flat TV designs to slightly curved screens, which offer a better viewing experience. These factors are driving the demand for flat panel displays in the consumer electronics sector.
The Rising Adoption of Interactive Flat Panels Led the Region to Capture a Market Share of 15.2% in 2022
The United States of America is predicted to remain one of the attractive markets for flat panel display systems during the forecast period.
Government organizations are taking steps to modernize the educational system and make it technologically advanced. These organizations are also investing in the acquisition of materials needed for interactive learning, such as flat panel displays and tablets.
The growing popularity of e-learning is encouraging the development of interactive flat panels as a means of delivering interactive content. Rising focus on the adoption of advanced technologies and the development of education infrastructure are driving market growth in the United States of America.
Increasing Demand for Large-sized Display Systems Augmenting Market Outlook
Flat panel display demand in the United Kingdom is anticipated to expand by 3.4% from 2023 to 2033. The country is anticipated to expand over the coming years as the country is a huge market for flat panel displays.
The market is primarily driven by the rising adoption of flat panel displays in a host of consumer electronics devices, including televisions, mobile devices, laptops, tablets, and desktop monitors.
Rising demand for large-sized displays and rapid technology adoption in the United Kingdom are anticipated to contribute to market growth. Moreover, manufacturers are increasingly investing in flat panel display research and development, which is an important factor estimated to boost the country's market in the forthcoming years.
Rising Investments in Flat Panel Display Manufacturing Plants to Augment Market Growth
Sales of flat panel displays in Japan are estimated to reach US$ 14.5 billion by 2027. The flat panel display market is notably evolving with new technologies and methodologies in Japan.
Increasing investments in flat panel display manufacturing plants due to low manufacturing costs and mass production facilities are driving the market growth. Manufacturing of flat panel displays is dominant in Japan. Mass production and cost efficiency give this country a competitive edge.
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The market for flat panel displays is highly competitive, with several key players vying for market share and technological advancements. Let's explore the competitive landscape of the flat panel display industry:
Latest Developments:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.8% from 2023 to 2033 |
| Base Year of Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and Volume in Units and F-CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | Technology, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | AU Optronics Corp.; Emerging Display Technologies Corp.; Innolux Corp.; Sharp Corporation; Japan Display Inc.; Universal Display Corporation; LG Display Co. Ltd.; Panasonic Corporation; Sony Corporation |
| Customization & Pricing | Available upon Request |
The market in 2023 is valued at US$ 149,441.2 million.
The market will reach US$ 217,682.7 million by 2033.
The market will register a 3.8% CAGR until 2033.
From 2018 to 2022, the market expanded at a 1.7% CAGR.
Innolux Corp., Sharp Corporation, Japan Display Inc. are some key players.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2023 to 2033 5.3.1. Liquid crystal display (LCD) 5.3.2. Organic light-emitting diode (OLED) 5.3.3. Plasma display panel (PDP) 5.3.4. Field emission display (FED) 5.3.5. Electroluminescent display (ELD) 5.3.6. MicroLED 5.3.7. Others 5.4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Technology, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Application, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Application, 2023 to 2033 6.3.1. Consumer electronics 6.3.2. Commercial 6.3.3. Industrial 6.3.4. Automotive 6.3.5. Others 6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. The USA 8.2.1.2. Canada 8.2.2. By Technology 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Technology 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Technology 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Technology 9.3.3. By Application 9.4. Key Takeaways 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Technology 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Technology 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Singapore 11.2.1.5. Thailand 11.2.1.6. Indonesia 11.2.1.7. Australia 11.2.1.8. New Zealand 11.2.1.9. Rest of Asia Pacific 11.2.2. By Technology 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Technology 11.3.3. By Application 11.4. Key Takeaways 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Technology 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Technology 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Market Analysis 13.1. USA 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2022 13.1.2.1. By Technology 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2022 13.2.2.1. By Technology 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2022 13.3.2.1. By Technology 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2022 13.4.2.1. By Technology 13.4.2.2. By Application 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2022 13.5.2.1. By Technology 13.5.2.2. By Application 13.6. United Kingdom 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2022 13.6.2.1. By Technology 13.6.2.2. By Application 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2022 13.7.2.1. By Technology 13.7.2.2. By Application 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2022 13.8.2.1. By Technology 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2022 13.9.2.1. By Technology 13.9.2.2. By Application 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2022 13.10.2.1. By Technology 13.10.2.2. By Application 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2022 13.11.2.1. By Technology 13.11.2.2. By Application 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2022 13.12.2.1. By Technology 13.12.2.2. By Application 13.13. Singapore 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2022 13.13.2.1. By Technology 13.13.2.2. By Application 13.14. Thailand 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2022 13.14.2.1. By Technology 13.14.2.2. By Application 13.15. Indonesia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2022 13.15.2.1. By Technology 13.15.2.2. By Application 13.16. Australia 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2022 13.16.2.1. By Technology 13.16.2.2. By Application 13.17. New Zealand 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2022 13.17.2.1. By Technology 13.17.2.2. By Application 13.18. GCC Countries 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2022 13.18.2.1. By Technology 13.18.2.2. By Application 13.19. South Africa 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2022 13.19.2.1. By Technology 13.19.2.2. By Application 13.20. Israel 13.20.1. Pricing Analysis 13.20.2. Market Share Analysis, 2022 13.20.2.1. By Technology 13.20.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Technology 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. AU Optronics Corp. 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Emerging Display Technologies Corp. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Innolux Corp. 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Sharp Corporation 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Japan Display Inc. 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Universal Display Corporation 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. LG Display Co. Ltd. 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Panasonic Corporation 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Sony Corporation 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Samsung Electronics Co., Ltd. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Flat Panel Display Market
