TFT LCD Panel Market Report by Size (Large Size TFT-LCD Display Panel, Medium and Small Size TFT-LCD Display Panel), Technology (8th Generation, Other Generations), Application (Television, Mobile Phones, Mobile PCs, Monitors, Automotive, and Others), and Region 2024-2032

TFT LCD Panel Market Report by Size (Large Size TFT-LCD Display Panel, Medium and Small Size TFT-LCD Display Panel), Technology (8th Generation, Other Generations), Application (Television, Mobile Phones, Mobile PCs, Monitors, Automotive, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A535
Buy Now

Market Overview 2024-2032:

The global TFT LCD panel market size reached US$ 172.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 250.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032. The growing number of mobile phone users, increasing demand for laptops, and technological advancements in display screens represent some of the key factors driving the market.

Report Attribute
 Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 172.7 Billion
Market Forecast in 2032
US$ 250.0 Billion
Market Growth Rate 2024-2032
4.1%


Rising Demand for Laptops Impelling Market Growth

The escalating demand for laptops currently represents one of the primary drivers resulting in the increasing sales of TFT LCD panels in the market. There is a rise in the utilization of laptops due to the growing adoption in the corporate sector to increase the overall productivity and efficiency of work at a reduced time. In addition, different laptops are widely available at affordable prices to attract a large consumer base. Apart from this, the growing demand for laptops in the education sector to provide enhanced learning experiences, along with the rapid digitalization across the globe, is positively influencing the market.

Global TFT LCD Panel Market

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is concentrated with a few key players operating in the industry. The volume of new entrants is moderate in the TFT LCD panel industry due to the high capital investment. Besides this, product differentiation in the TFT LCD market is low, as the products of various companies are somewhat similar to each other.

What is TFT LCD Panel?

A thin film transistor (TFT) liquid crystal display (LCD) panel refers to an active-matrix display that is designed to provide enhanced image quality. It relies on one transistor wherein every pixel controls the illumination of the display and enables a view even in bright environments or conditions. It is lightweight, thin, energy-efficient, and offers high-quality resolution with low power consumption. Besides this, it aids in providing an enhanced user experience while reducing running costs. As a result, TFT LCD display is used to manufacture television, digital photo frames, single-lens reflex (SLR) cameras, mobile phones, mobile personal computers (PCs), portable video game devices, and monitors across the globe.

COVID-19 Impact:

The COVID-19 pandemic outbreak caused a severe problem for the TFT LCD panel industry and imposed unprecedented challenges on numerous countries. It has severely impacted the production process of TFT LCD panels around the world. Due to the lockdown norms and restrictions, various manufacturers were forced to temporarily shut down or slow down their production plants. This created a shortage of raw materials for TFT LCD panels and reduced the demand for the product on account of the fear of widespread viruses across the globe. In addition to this, key players faced huge financial losses during the pandemic and had to postpone or cancel several projects. Apart from this, there was a supply and demand chain disruption due to the shortage of labor and restrictions on on-road movement. Moreover, governing agencies of various countries imposed stringent rules and regulations on the exports and imports of raw materials and products around the world due to cross-border lockdowns. Additionally, the COVID-19 pandemic hampered the logistical and transportation sector due to the curfews and ban on on-road movements in the market. There was a sharp decline in the demand for TFT LCD panels due to stringent policies on domestic and international trade. During the pandemic, people faced a shortage of money, which forced them to purchase essential goods and services rather than spend on luxurious products. However, the demand for TFT LCD panels increased after the removal of lockdown.

TFT LCD Panel Market Trends:

At present, the rising use of laptops in the corporate sector to increase productivity and overall efficiency in a business represents one of the key factors contributing to the growth of the market. Besides this, the growing utilization of TFT LCD panels, as they provide lower power consumption and emit little heat during operation, is offering a positive market outlook. Additionally, there is a rise in the demand for high-quality resolution, easy installation, sharper visibility, and large screen displays among the masses around the world. This, coupled with the increasing utilization of TFT LCD panels in several consumer electronic devices, such as monitors, laptops, television, personal computers (PCs), and mobile phones, is bolstering the growth of the market. Apart from this, rising number of mobile phone users across the globe is impelling the growth of the market. Moreover, the increasing upgradation of display screen technologies to enhance user experience is offering lucrative growth opportunities to industry investors. In addition, the rising demand for TFT LCD panels, as they are less prone to reflection as compared to cathode ray tube (CRT) televisions, is supporting the growth of the market. Furthermore, the increasing adoption of TFT LCD panels in the automotive industry for enhanced navigation systems is strengthening the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global TFT LCD panel market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on size, technology and application.

Size Insights:

  • Large Size TFT-LCD Display Panel
  • Medium and Small Size TFT-LCD Display Panel
     

The report has provided a detailed breakup and analysis of the TFT LCD panel market based on the size. This includes large size TFT-LCD display panel and medium and small size TFT-LCD display panel. According to the report, large size TFT-LCD panel represented the largest segment due to the rising consumer demand for larger televisions. In addition to this, there is a rise in the number of large televisions, monitors, personal computers (PCs) among the masses across the globe.

Technology Insights:

  • 8th Generation
  • Other Generations
     

The report has provided a detailed breakup and analysis of the TFT LCD panel market based on the technology. This includes 8th generation and other generations. According to the report, 8th generation represented the largest segment on account of its improved color accuracy.

Application Insights:

  • Television
  • Mobile Phones
  • Mobile PCs
  • Monitors
  • Automotive
  • Others
     

A detailed breakup and analysis of the TFT LCD panel market based on the application has also been provided in the report. This includes television, mobile phones, mobile PCs, monitors, automotive, and others. According to the report, television accounted for the largest market share due to the increasing demand for large screens among individuals worldwide. In line with this, TFT LCD offers various benefits, such as energy-efficiency, low radiation levels, slim size, and lightweight, which is strengthening the growth of the market.

Regional Insights:

TFT LCD Panel Market

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
     

The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. According to the report, North America was the largest market for TFT LCD panel. Some of the factors driving the North America TFT LCD panel market included the growing adoption due to high flexibility and enhanced pictorial representation, rising demand for luxurious products among individuals, and increasing preferences for energy-efficient entertainment options. In addition to this, the rising demand for TFT LCD panels in the aerospace sector to display aircraft altitude information, airframe parameters, warning messages, and navigational data is contributing to the growth of the market in the region.

Competitive Landscape: 

The report has also provided a comprehensive analysis of the competitive landscape in the global TFT LCD panel market. Some of the companies covered in the report include:

  • LG Electronics Inc.
  • Samsung Electronics Co., Ltd
  • Innolux Corporation
  • AU Optronics Corp.
  • Sharp Corporation

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Units, US$ Billion
Segment Coverage Size, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered LG Electronics Inc., Samsung Electronics Co., Ltd, Innolux Corporation, AU Optronics Corp. and Sharp Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the TFT LCD panel market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global TFT LCD panel market.
  • The study maps the leading, as well as the fastest-growing, regional markets.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the TFT LCD panel industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The global TFT LCD panel market was valued at US$ 172.7 Billion in 2023.

We expect the global TFT LCD panel market to exhibit a CAGR of 4.1% during 2024-2032.

The growing consumer inclination towards TFT LCD panels, as they are light in weight, slim in construction, high in resolution, etc., is primarily driving the global TFT LCD panel market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary closure of numerous manufacturing units for TFT LCD panels.

Based on the size, the global TFT LCD panel market can be categorized into large size TFT-LCD display panel and medium and small size TFT LCD display panel. Currently, large size TFT-LCD display panel accounts for the majority of the total market share.

Based on the technology, the global TFT LCD panel market has been segregated into 8th generation and other generations, where 8th generation currently holds the largest market share.

Based on the application, the global TFT LCD panel market can be bifurcated into television, mobile phones, mobile PCs, monitors, automotive, and others. Currently, television exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global TFT LCD panel market include LG Electronics Inc., Samsung Electronics Co., Ltd, Innolux Corporation, AU Optronics Corp., Sharp Corporation, etc.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
TFT LCD Panel Market Report by Size (Large Size TFT-LCD Display Panel, Medium and Small Size TFT-LCD Display Panel), Technology (8th Generation, Other Generations), Application (Television, Mobile Phones, Mobile PCs, Monitors, Automotive, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More