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The global medium and small TFT-LCD display panel market size reached approximately USD 59.32 billion in 2022. The market is projected to grow at a CAGR of 5.1% between 2023 and 2028, reaching a value of around USD 79.65 billion by 2028.
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.
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.
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.
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.
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.
REPORT FEATURES | DETAILS |
Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Display Size |
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 (2018-2022)
8.3 Global Medium and Small TFT-LCD Display Panel Market Forecast (2023-2028)
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 (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 4-6 inches
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 7-11 inches
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Above 11 inches
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.5 Global Medium and Small TFT-LCD Display Panel Market by Application
8.5.1 HDMI Display
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Touch Screen Display
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Sunlight Readable Display
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 High-Resolution LCD
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Cost Value Display
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
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 (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Manufacturing
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Medical Devices
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Transport
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Commercial
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
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 (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.1.3
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Medium and Small TFT-LCD Display Panel Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Medium and Small TFT-LCD Display Panel Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Medium and Small TFT-LCD Display Panel Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 South Korea
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Taiwan
11.6.1 Historical Trend (2018-2022)
11.6.2 Forecast Trend (2023-2028)
11.7 Others
12 Latin America Medium and Small TFT-LCD Display Panel Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
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 (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 2028
2. Global Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Display Size (USD Billion), 2018-2022
3. Global Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Display Size (USD Billion), 2023-2028
4. Global Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Medium and Small TFT-LCD Display Panel Historical Market: Breakup by End Use (USD Billion), 2018-2022
7. Global Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by End Use (USD Billion), 2023-2028
8. Global Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Medium and Small TFT-LCD Display Panel Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Medium and Small TFT-LCD Display Panel Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Medium and Small TFT-LCD Display Panel Market Structure
In 2022, the market reached an approximate value of USD 59.32 billion.
The market is projected to grow at a CAGR of 5.1% between 2023 and 2028.
The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach a value of around USD 79.65 billion by 2028.
The market is driven by the increasing application of TFT LCD displays in the automotive sector and the surging sales of consumer electronics.
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.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different end-uses of the product are electronics, manufacturing, medical devices, transport, and commercial, among others.
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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