According to the report Flat Panel Display Market: Global Industry Analysis and Opportunity Assessment 2019-2027 published by FMI. The revenue generated by global flat panel display market is estimated to reach US$ 177,339 Mn by 2027. The CAGR of the global flat panel display market during the period 2019-2027 was 4.1%.
The demand is increasing for LCD as LCD consumes less power than cathode ray tube. Energy consumption increases as the screen size increases still it remains significantly less than cathode ray tubes. Manufacturers of LCD are introducing new technologies like quantum dots that offer improvement over traditional LCD display. Quantum dot technology empowers LCD to offer better color saturation, high quality image, and high brightness. High resolution LCDs are being developed for virtual reality. The demand for LCD is also increasing in smartphones as the manufacturers are adopting LCD technology to cater to the demand for high image quality and clarity.
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Key Takeaways of Flat Panel Display Market Study
- The LCD segment is estimated to continue to hold significant market share among all segments by technology during the forecast period, as the manufacturers are introducing new technologies offering improvement over traditional LCD displays.
- Among all applications consumer electronics segment is estimated to register notable CAGR as the flat panel displays in electronics devices have competitive edge owing to increasing brightness, more pixel support resolution and reduced power consumption.
- Asia Pacific is witnessing an impressive growth rate in the flat panel display market as the government in countries such as China, India, Japan are creating opportunities for flat panel display provider by developing the education infrastructure and by adopting the flat panel display for e-learning.
Adoption of Flat Panel Digital Signage by Retail Segment
Deployment FPDs is increasing across various application areas, with the retail segment leading in adoption of flat panel display. Major demand for LCD and PDP technologies is arising from the retail segment for application in flat digital signage. Through digital signage live data, custom made motion, photography, audio, internet content can be displayed which can help the retailers to attract the customers as the digital signage is more eye-catching and memorable than static media. Digital signage is a valuable tool for retailers because it conveys important in-store messages, advertising, and promotions directly to the customers during a critical moment while they are purchasing something, this helps the retailers to generate additional sales revenue.
- Majority of flat panel digital signage installations are taking place in retail stores and Quick Service Restaurants (QSRs).
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Key Takeaways of Flat Panel Display Market Study
- The LCD segment is estimated to continue to hold significant market share among all segments by technology during the forecast period, as the manufacturers are introducing new technologies offering improvement over traditional LCD displays.
- Among all applications consumer electronics segment is estimated to register notable CAGR as the flat panel displays in electronics devices have competitive edge owing to increasing brightness, more pixel support resolution and reduced power consumption.
- Asia Pacific is witnessing an impressive growth rate in the flat panel display market as the government in countries such as China, India, Japan are creating opportunities for flat panel display provider by developing the education infrastructure and by adopting the flat panel display for e-learning.
Flat Panel Display market: Segmentation
The global Flat Panel Display market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Technology
- Liquid Crystal Display
- Plasma Display
- Organic Light Emitting Diode Display
- Others
Application
- Consumer Electronics Acquisition
- LCD Television
- Mobile Phone
- Personal Computer
- Automotive
- Others
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FREQUENTLY ASKED QUESTIONS ABOUT FLAT PANEL DISPLAY MARKET
What are the future opportunities in the flat panel display market?
Increasing use of flat panel display in healthcare industry is creating opportunities for manufacturers as the demand for high-pixel density display for diagnostic in healthcare is increasing. The demand is increasing for new surgical platforms that consists of ultra-high level of brightness to avoid glare and reflection in high light environment so there are opportunities for manufacturers to develop these platforms.
What are the major challenges for flat panel display market?
High cost of new display technologies such as quantum dot display, and transparent display, steady growth of personal computers, tablets are restricting growth of the flat panel display market.
Which technology will have significant revenue growth?
The liquid crystal display (LCD) technology will have significant growth as LCD display are used for advertisement, education purpose and in corporate sectors and LCD consumes less amount of power compared to CRT and LED. The demand for LCD is increasing in smartphone manufacturing.
Which application area holds potential growth opportunities for market players?
The consumer electronics segment holds potential growth opportunities as the use of flat panels is increasing in electronics like television, mobile devices, industrial and medical equipments.
Which region is expected to be at forefront in the flat panel display market?
Asia Pacific excluding Japan is anticipated to remain at forefront, offering high growth opportunities for players in the flat panel display market owing to the increasing demand for signage and professional displays in corporate sectors in the region.
Who are the major companies leading the flat panel display market?
Prominent companies in the flat panel display market include LG Digital, Sony Corporation, Innolux Corp, Sharp Corporation, Panasonic Corporation, Samsung Electronics, AU Optronics.