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Report Overview
The global TFT-LCD display panel market attained a value of USD 155.57 Billion in 2023. The industry is expected to grow at a CAGR of 4.90% during the forecast period of 2024-2032 to attain a value of USD 239.28 Billion by 2032. The market is driven by the shift towards larger, higher-resolution displays along with its growing demand in the gaming sector.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In-cell touch TFT LCDs reached an estimate of around 26.2 million units shipped in 2023. Panel manufacturers are actively marketing in-cell touch TFT LCD panels to consumers because of their technical benefits, ease of integration, and rising display ASPs.
- The market share of in-cell TFT LCD displays is expected to be more than 50% by 2025. In-cell TFT LCD displays integrate touch sensors directly into the display panel, reducing the thickness and weight of devices. As in-cell technology becomes more prevalent, it is expected to contribute to higher adoption rates, increasing market value and expanding the reach of TFT-LCD panels.
- The ability of a 5.5-inch TFT display to produce high-resolution images (1280 x 720 pixels) supports the growth of the TFT-LCD display panel market by meeting the increasing consumer demand for better visual experiences.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global TFT-LCD display panel Market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. Several market players are investing heavily in improving the features of TFT-CD displays such as refresh rates and contrast ratio.
Key Industry Players
Samsung Electronics Co., Ltd. is one of the major providers of televisions, smartphones, and monitors, among other smart devices. The company is known for providing high-end TFT-LCD display panels, especially for TVs and commercial signage.
LG Display Co., Ltd is a major provider of consumer electronics and is known for its innovation in large-size TFT-LCD panels, especially ultra-large TV panels. The company recently introduced IPS Black technology which can greatly improve the contrast in its TFT-LCD panels.
Japan Display Inc. is one of the leading providers of smartphones, automotive displays, and tablets, among others, in TFT-LCD display panel industry. The company has been readily innovating in in-cell touch TFT-LCD panels which are widely used in the automotive sector.
Other major players in the market are Sharp Corporation, BOE Technology Group Co., Ltd., AUO Corporation, Raystar Optronics, Inc., WINSTAR Display Co., Ltd, Kingtech Group Co., Ltd, and Tricomtek Co., Ltd, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
TFT-LCD Display Panel Market Report Snapshots
TFT-LCD Display Panel Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the TFT-LCD display panel market reached an approximate value of USD 155.57 Billion.
The market is assessed to grow at a CAGR of 4.90% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 239.28 Billion by 2032.
The major drivers include the rising disposable incomes, rising demand from the educational and commercial sectors, and the rising demand for consumer electronics.
The rising household demand for average and the large-sized flat panel TVs is expected to be a key trend for the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with North America accounting for the largest market share.
The leading sizes of the product can be divided into large size and medium and small size.
The product finds extensive applications in televisions, mobile phones, monitors, mobile PCs, and automotive, among others.
The leading players in the market are Samsung Electronics Co., Ltd., LG Display Co., Ltd, Japan Display Inc., Sharp Corporation, BOE Technology Group Co., Ltd., AUO Corporation, Raystar Optronics, Inc., WINSTAR Display Co., Ltd, Kingtech Group Co., Ltd, and Tricomtek Co.,Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124