Market Overview 2021-2026:
According to IMARC Group, the global TFT LCD panel market reached a value of US$ 150.2 Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
TFT (Thin Film Transistor) is an active-matrix LCD along with an improved image quality where one transistor for every pixel controls the illumination of the display enabling an easy view even in bright environments. This technology currently represents the most popular LCD display technology and accounts for the majority of the global display market. Being light in weight, slim in construction, high in resolution with low power consumption, TFT’s are gaining prominence in almost all the industries wherever displays are required. They find applications in various electronic goods such as cell phones, portable video game devices, televisions, laptops, desktops, etc. They are also used in automotive industry, navigation and medical equipment, laser pointer astronomy, SLR cameras and digital photo frames.
IMARC Group provides an analysis of the key trends in each sub-segment of the global TFT LCD panel market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, size, technology and application.
Market Breakup by Size:
On the basis of size, large sized panels dominated the global TFT LCD display market. Large sized panels were followed by the medium and small sized TFT-LCD panels.
Market Breakup by Technology:
On the basis of technology, the report found that the 8th generation represented the most popular TFT LCD technology.
Market Breakup by Application:
On the basis of applications, the television industry accounted for the largest share in the global TFT LCD market. The television industry was followed by mobile phones, mobile PCs, monitors and the automotive industry.
Market Breakup by Region:
Geography-wise, North America represented the largest market accounting for more than one-third of the total global TFT LCD panel sales. North America was followed by Asia-Pacific and Europe.
The report has also covered some of the major players operating in this market
This report provides a deep insight into the global TFT LCD panel industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a TFT LCD manufacturing plant. The study analyses the manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the TFT LCD panel industry in any manner.
The global TFT LCD panel market size was valued at US$ 150.2 Billion in 2020.
According to the estimates by IMARC Group, the global TFT LCD panel market is expected to exhibit moderate growth during 2021-2026.
The growing consumer inclination towards TFT LCD panels based on their minimal power consumption, compact size, and cost-effective benefits, represents one of the key drivers for the global TFT LCD panel market.
The expanding utilization of TFT LCD panels across diverse industry verticals, including navigation, astronomy, medical equipment, etc., represents one of the key trends in the global TFT LCD panel market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units and supply chain disruptions for TFT LCD panels.
On the basis of the size, the market has been bifurcated into large-sized TFT LCD panels and medium- and small-sized TFT LCD panels. Currently, large-sized TFT LCD panels hold the majority of the market share.
On the basis of the application, the market has been divided into television, mobile phones, mobile PCs, monitors, automotive, and others. Among these, the television sector represents the largest market segment.
Region-wise, the market has been classified into North America, Europe, Latin America, Asia Pacific, Middle East and Africa, where North America dominates the global market.
The key companies in the global TFT LCD panel market are LG Electronics, Inc., Samsung Electronics Co., Ltd, Innolux Corporation, AU Optronics Corp. and Sharp Corporation.
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