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Medium and Small TFT-LCD Display Panel Market

Global Medium and Small TFT-LCD Display Panel Market Size, Share, Trends, Forecast: By Display Size: Less than 4 inches, 4-6 inches, 7-11 inches, Above 11 inches; By Application: HDMI Display, Touch Screen Display, Sunlight Readable Display, High-Resolution LCD, Others; By End Use; Regional Analysis; Competitive Landscape; 2024-2032

Global Medium and Small TFT-LCD Display Panel Market Outlook

The global medium and small TFT-LCD display panel market size reached approximately USD 62.35 billion in 2023. The market is projected to grow at a CAGR of 5.1% between 2024 and 2032, reaching a value of around USD 97.18 billion by 2032.

 

Key Trends in the Market

Thin-film-transistor liquid crystal display (TFT LCD) is a type of liquid crystal display that controls each pixel through one to four transistors. Due to the use of one or more transistors to control individual pixels, TFT technology displays can achieve higher refresh rates. It is known for its vibrant colours and high resolution, making it a popular choice for a wide range of applications.

 

  • The global medium and small TFT-LCD display panel market growth has been substantial over the past few years owing to the proliferation of smartphones, tablets, laptops, and other consumer electronics. These electronic devices are increasingly using TFT-LCD displays as they can provide high image quality, improved response time, and lower power consumption compared to traditional LCDs.
  • One of the major global medium and small TFT-LCD display panel market trends is the rapid integration of IPS panels, a type of TFT-LCD display, in the automotive sector for various applications, including infotainment systems, digital instrument clusters, and heads-up displays. The demand for advanced, high-resolution displays in vehicles is expected to surge in the coming years with the development of autonomous driving technology.
  • Another major factor enhancing the global medium and small TFT-LCD display panel market demand is the wide application of the product in the gaming and entertainment sector. The gaming sector requires high-resolution displays with low input lag, which aligns with the capabilities of TFT LCD displays. Moreover, with the entertainment sector’s transition towards 4K and 8K content, the demand for advanced displays is expected to be high in the near future.

 

Market Analysis

Based on display size, the market can be segmented into less than 4 inches, 4-6 inches, 7-11 inches, and above 11 inches. The global medium and small TFT-LCD display panel market segmentation, based on application, includes HDMI display, touch screen display, sunlight-readable display, high-resolution LCD, and cost-value display, among others.

 

The market, based on end use, is divided into electronics, manufacturing, medical devices, transport, and commercial, among others. The major regional markets for medium and small TFT-LCD display panel are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global medium and small TFT-LCD display panel market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

 

  • Samsung Electronics Co., Ltd.
  • LG Display Co., Ltd
  • Japan Display Inc.
  • Sharp Corporation
  • BOE Technology Group Co., Ltd.
  • Digiwise International Corporation
  • Raystar Optronics, Inc.
  • Jiangxi Huaersheng Technology Co Ltd
  • Tailer Pixels
  • Proculus Technologies Co Ltd
  • Others

 

Market Share by Display Size

4-6 inches displays are expected to account for a significant portion of the global medium and small TFT-LCD display panel market share in the forecast period owing to its wide variety of applications in smartphones, portable gaming devices, digital cameras, and automotive displays, among others. This TFT-LCD display is versatile and provides clear viewing angles and sharp visuals, enabling proper access to information and interaction with technology in a convenient and user-friendly manner.

 

Market Share by Application

According to the global medium and small TFT-LCD display panel market analysis, sunlight readable displays are expected to experience a significant increase in demand owing to their multitudes of outdoor applications, especially in harsh environments such as oil and gas, marine, military, and agriculture, among others. Sunlight-readable LCDs are usually made to be durable and rugged to operate for longer durations and in challenging conditions.

 

Competitive Landscape

Samsung Electronics Co., Ltd. stands as a global giant in the realm of technology and innovation. Established in 1969, this South Korean conglomerate has evolved into one of the most influential and recognisable names in the electronics sector. The company's diverse portfolio encompasses a wide range of products, including smartphones, tablets, televisions, home appliances, semiconductors, and much more.

 

LG Display Co., Ltd. is a leading global technology company specialising in the production of innovative display solutions. Established as a subsidiary of LG Corporation, LG Display has emerged as a powerhouse in the display sector. The company started its operation with the development of TFT-LCD display in 1987 and since then it has continually pushed the boundaries of display technology.

 

Japan Display Inc., also known as JDI, is a key figure in the display technology sector. The company was established by the collaborative efforts of Sony, Toshiba, and Hitachi in 2012. Headquartered in Tokyo, Japan Display has built a reputation for innovation and expertise in the development and production of cutting-edge display technologies.

 

Other global medium and small TFT-LCD display panel market players include Sharp Corporation, BOE Technology Group Co., Ltd., Digiwise International Corporation, Raystar Optronics, Inc., Jiangxi Huaersheng Technology Co Ltd., Tailer Pixels, and Proculus Technologies Co. Ltd., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Display Size
  • Application
  • End Use
  • Region
Breakup by Display Size
  • Less than 4 inches
  • 4-6 inches
  • 7-11 inches
  • Above 11 inches
Breakup by Application
  • HDMI Display
  • Touch Screen Display
  • Sunlight Readable Display
  • High-Resolution LCD
  • Cost Value Display
  • Others
Breakup by End Use
  • Electronics
  • Manufacturing
  • Medical Devices
  • Transport
  • Commercial
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Samsung Electronics Co., Ltd.
  • LG Display Co., Ltd
  • Japan Display Inc.
  • Sharp Corporation
  • BOE Technology Group Co., Ltd.
  • Digiwise International Corporation
  • Raystar Optronics, Inc.
  • Jiangxi Huaersheng Technology Co Ltd
  • Tailer Pixels
  • Proculus Technologies Co Ltd
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Medium and Small TFT-LCD Display Panel Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Medium and Small TFT-LCD Display Panel Historical Market (2018-2023) 
    8.3    Global Medium and Small TFT-LCD Display Panel Market Forecast (2024-2032)
    8.4    Global Medium and Small TFT-LCD Display Panel Market by Display Size
        8.4.1    Less than 4 inches
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    4-6 inches
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    7-11 inches
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Above 11 inches
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
    8.5    Global Medium and Small TFT-LCD Display Panel Market by Application
        8.5.1    HDMI Display
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Touch Screen Display
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Sunlight Readable Display
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    High-Resolution LCD
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Cost Value Display
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Medium and Small TFT-LCD Display Panel Market by End Use
        8.6.1    Electronics 
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Manufacturing
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Medical Devices
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Transport
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Commercial
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Others
    8.7    Global Medium and Small TFT-LCD Display Panel Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
            8.7.1.3    
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032)
9    North America Medium and Small TFT-LCD Display Panel Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Medium and Small TFT-LCD Display Panel Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Medium and Small TFT-LCD Display Panel Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    South Korea
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Taiwan
        11.6.1    Historical Trend (2018-2023) 
        11.6.2    Forecast Trend (2024-2032)
    11.7    Others
12    Latin America Medium and Small TFT-LCD Display Panel Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Medium and Small TFT-LCD Display Panel Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Samsung Electronics Co., Ltd.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    LG Display Co., Ltd
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Japan Display Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Sharp Corporation
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    BOE Technology Group Co., Ltd.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Digiwise International Corporation
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Raystar Optronics, Inc.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Jiangxi Huaersheng Technology Co Ltd
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Tailer Pixels
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Proculus Technologies Co Ltd
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Medium and Small TFT-LCD Display Panel Market: Key Industry Highlights, 2018 and 2032
2.    Global Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Display Size (USD Billion), 2018-2023
3.    Global Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Display Size (USD Billion), 2024-2032
4.    Global Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Application (USD Billion), 2018-2023
5.    Global Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.    Global Medium and Small TFT-LCD Display Panel Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.    Global Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.    Global Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Medium and Small TFT-LCD Display Panel Market Structure

Key Questions Answered in the Report

What was the global medium and small TFT-LCD display panel market value in 2023?

In 2023, the market reached an approximate value of USD 62.35 billion.

What is the growth rate of the global medium and small TFT-LCD display panel market?

The market is projected to grow at a CAGR of 5.1% between 2024 and 2032.

What is the forecast outlook of the global medium and small TFT-LCD display panel market for 2024-2032?

The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 97.18 billion by 2032.

What are the major market drivers?

The market is driven by the increasing application of TFT LCD displays in the automotive sector and the surging sales of consumer electronics.

What are the major trends in the market?

The growing implementation of TFT LCD displays in the gaming and entertainment sector due to their performance advantages and the transition towards 4K and 8K resolution are expected to propel the market expansion in upcoming years.

What are the major regional markets for medium and small TFT-LCD display panels, according to the EMR report?

The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

What are the major end-uses of the product?

The different end-uses of the product are electronics, manufacturing, medical devices, transport, and commercial, among others.

Who are the key market players, according to the global medium and small TFT-LCD display panel market report?

The key players in the market include Samsung Electronics Co., Ltd., LG Display Co., Ltd., Japan Display Inc., Sharp Corporation, BOE Technology Group Co., Ltd., Digiwise International Corporation, Raystar Optronics, Inc., Jiangxi Huaersheng Technology Co Ltd, Tailer Pixels, and Proculus Technologies Co Ltd., among others.

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Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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