Global TFT-LCD Market Key Insights
The global TFT-LCD market attained a value of USD 156.10 billion in 2019. It is expected to grow further in the forecast period of 2020-2025 with a CAGR of 4.7% and is projected to reach a value of USD 205.63 billion by 2025. The current TFT-LCD market is driven by the increasing demand for flat panel TVs, good quality smartphones, tablets, and vehicle monitoring systems along with the growing gaming industry.
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The global display market is dominated by the flat panel display with TFT-LCD being the most popular flat panel type and is being driven by strong demand from emerging economies, especially those in Asia Pacific like India, China, Korea, and Taiwan, among others. The rising demand for consumer electronics like LCD TVs, PCs, laptops, SLR cameras, navigation equipment and others have been aiding the growth of TFT-LCD display panels market.
Properties and Applications
TFT-LCD is a type of liquid crystal display where each pixel is attached to a thin film transistor. Since the early 2000s, all LCD computer screens are TFT as they have a better response time and improved colour quality. With favourable properties like being light weight, slim, high in resolution and low in power consumption, they are in high demand in almost all sectors where displays are needed. Even with their larger dimensions, TFT-LCD are more feasible as they can be viewed from a wider angle, are not susceptible to reflection and are lighter weight than traditional CRT TVs.
Based on the size of the mother glass used during the initial panel manufacturing process, the TFT-LCD display panel market can be divided into different ‘Generations’. Currently Generation 8 is the most popular TFT-LCD display panel type, having a global market share of 40% and
Based on size, the global TFT-LCD panels market can be further divided into large, medium and small sized panels with large sized panels (>10”) dominating the market.
TFT-LCD display panels find extensive use in televisions, mobile phones, mobile PCs, monitors, and automotive industry, among others. In 2019, the market found its leading application in the television industry.
The global TFT-LCD market is being driven by the growing household demand for average and large-sized flat panel TVs as well as a growing demand for slim, high-resolution smart phones with large screens. The rising demand for portable and small-sized tablets in the educational and commercial sectors has also been aiding the TFT-LCD market growth. Increasing demand for automotive displays, a growing gaming industry and the emerging popularity of 3D cinema, are all major drivers for the market. Despite the concerns about an over-supply in the market, the shipments of large TFT-LCD again rose in 2019.
North America is the largest market for TFT-LCD, with over one-third of the global share. It is followed closely by the Asia-Pacific region, where countries like India, China, Korea, and Taiwan are significant emerging market for TFT-LCD panels. China and India are among the fastest growing markets in the region. The growth of the demand in these regions have been assisted by the growth in their economy, a rise in disposable incomes and an increasing demand for consumer electronics.
The report analyses the following key players including their capacity, market share, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
EMR’s comprehensive report covers the value chain analysis, SWOT analysis as well as an assessment of the TFT-LCD market based on Porter’s five forces model.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraints
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Display Market Overview
6.1 Figure: Global Display Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Display Market Breakup by Technology
6.3 Figure: Global Display Market Breakup by Technology: Historical Market (2015-2019) & Forecast (2020-2025)
6.4 Chart: Global Display Market Breakup by Application
6.4.2 Mobile Phones
6.4.5 Mobile PCs
6.4.6 Automotive Industry
6.5 Figure: Global Display Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.2 Mobile Phones
6.5.5 Mobile PCs
6.5.6 Automotive Industry
7 Global TFT-LCD Market Analysis
7.1 Figure: Global TFT-LCD Historical Market (2015-2019) & Forecast (2020-2025)
7.2 Chart: Global TFT-LCD Market Breakup by Size
7.2.1 Large Size TFT’s
7.2.2 Medium and Small Size TFT’s
7.3 Figure: Global TFT-LCD Market Breakup by Size: Historical Market (2015-2019) & Forecast (2020-2025)
7.3.1 Large Size TFT’s
7.3.2 Medium and Small Size TFT’s
7.4 Chart: Global TFT-LCD Market Breakup by Generation
7.4.1 8th Generation
7.4.2 Other Generations
7.5 Figure: Global TFT-LCD Market Breakup by Generation: Historical Market (2015-2019) & Forecast (2020-2025)
7.5.1 8th Generation
7.5.2 Other Generations
7.6 Chart: Global TFT-LCD Market Breakup by Application
7.6.2 Mobile Phones
7.6.4 Mobile PCs
7.6.5 Automotive Industry
7.7 Figure: Global TFT-LCD Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
7.7.2 Mobile Phones
7.7.4 Mobile PCs
7.7.5 Automotive Industry
7.8 Chart: Global TFT-LCD Market Breakup by Region
7.8.1 North America
188.8.131.52 United States of America
184.108.40.206 United Kingdom
7.8.3 Asia Pacific
7.8.4 Latin America
7.8.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
7.9 Figure: Global TFT-LCD Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
7.9.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
7.9.3 Asia Pacific
7.9.4 Latin America
7.9.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
8 SWOT Analysis
9 Porter’s Five Forces Analysis
9.2 Buyer’s Power
9.3 Supplier’s Power
9.4 New Entrants
9.5 Degree of Rivalry
10 Value Chain Analysis
11 EMR’s Key Indicators for Demand
12 EMR’s Key Indicators for Price
13 Regional TFT-LCD Price Analysis
13.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
13.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
13.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
13.4 Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
13.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
14 Competitive Landscape & Supplier Analysis
14.1 LG Display
14.1.1 Company Overview
14.1.2 Financial Analysis
14.2 BOE Technology Group Co., Ltd.
14.2.1 Company Overview
14.2.2 Financial Analysis
14.3.1 Company Overview
14.3.2 Financial Analysis
14.4 Innolux Corporation
14.4.1 Company Overview
14.4.2 Financial Analysis
14.5 AU Optronics Corp.
14.5.1 Company Overview
14.5.2 Financial Analysis
14.6 Sharp Corporation
14.6.1 Company Overview
14.6.2 Financial Analysis
14.7 Nanjing Zhongdian Panda Crystal Technology Co., Ltd.
14.7.1 Company Overview
14.7.2 Financial Analysis
14.8 HKC OVERSEAS LIMITED
14.8.1 Company Overview
14.8.2 Financial Analysis
15 Events and Developments
Additional Customization Available
16 Manufacturing Process
16.1 Detailed Process Flow
16.2 Operations Involved
16.3 Mass Balance
17 Production Cost Analysis
17.1 Land, Location and Site Development
17.3 Plant Machinery
17.4 Cost of Raw Material
17.9 Other Capital Investment
18 Capital Investment
18.1 Land Requirements and Investment
18.2 Construction Requirements and Investment
18.3 Machinery Requirements and Investment
18.4 Other Capital Requirements and Investment
19 Procurement Strategy
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