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Global TFT LCD Panel Market to Witness Moderate Growth During 2020-2025, Impelled by Technological Advancements

Published on Jul 07, 2020

According to the latest report by IMARC Group, titled “TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the global TFT LCD panel market size reached US$ 157.7 Billion in 2019. A thin-film-transistor liquid-crystal display (TFT LCD) is an active-matrix LCD that provides enhanced image quality, like contrast and addressability. Every pixel on a TFT LCD panel has a separate transistor, which offers more control over the images. All the pixels on a screen are configured in a row and column format and are connected to an amorphous silicon transistor. TFT LCD panels are lightweight, less prone to reflection, and provide sharp images and a wider viewing angle.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global TFT LCD Panel Market Trends:

In recent years, LCDs have gained immense popularity due to their compact size, reduced power consumption, and lower price compared to other types of display panels. Besides this, the increasing demand for larger and 4K televisions, fueled by improving living standards and inflating disposable incomes of consumers, represents another major factor propelling the growth of the market. Apart from this, the leading manufacturers are developing TFT displays with thin films of amorphous silicon deposited on the glass using the Plasma Enhanced Chemical Vapor Deposition (PECVD) technology. These technological advancements, along with the easy installation of LCD glass substrates and the thriving gaming industry, are among the factors boosting the sales of TFT LCD panels. However, the lockdowns implemented by the governments of various countries have resulted in reduced production of several electronic parts, which is creating a negative impact on the demand and supply of LCD panels. Looking forward, the market is expected to experience moderate growth during 2020-2025.

Market Summary:

  • Based on the size, the market has been segmented into large-, and medium- and small-sized TFT LCD panels. At present, large-sized TFT LCD panels account for the majority of the overall market share.
  • The market has been segregated on the basis of the application into television, mobile phones, mobile PCs, monitors, automotive and others. Televisions currently dominate the market, holding the largest market share.
  • Region-wise, North America holds the leading position in the market. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been examined in the report, with some of the key players being LG Electronics, Inc., Samsung Electronics Co., Ltd, Innolux Corporation, AU Optronics Corp. and Sharp Corporation.

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