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. According to IMARC Group, the global TFT LCD panel market reached a value of US$ 150.2 Billion in 2020.
The report titled “TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” provides a detailed insight into the global TFT LCD panel market. The report has segmented the market on the basis of size, technology, applications and major regions. 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. On the basis of technology, the report found that the 8th generation represented the most popular TFT LCD technology. 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. 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 which include LG, SAMSUNG, INNOLUX, AUO and SHARP. Looking forward, IMARC Group expects the global TFT LCD panel market to exhibit moderate growth during the next five years.
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.
Key Questions Answered in This Report:
The global TFT LCD panel market size was worth US$ 157.7 Billion in 2019.
The global TFT LCD panel market exhibited a CAGR of 5.7% during 2014-2019.
As per IMARC Group’s estimates, the global TFT LCD panel market will exhibit moderate growth during 2020-2025.
The global TFT LCD panel market is primarily driven by technological advancements, along with favorable properties of these panels, including less power consumption, compact size and low price compared to other display panels.
The leading manufacturers of TFT LCD panels are LG Electronics Inc., Samsung Electronics Co., Ltd., Innolux Corporation, AU Optronics Corp. and Sharp Corporation.
On the basis of the region, North America enjoys the leading position in the market.
At present, large size TFT LCD panels are majorly used by end-users across the globe.
Based on the application, television represents the largest segment, accounting for the majority of the overall market share.
Due to the spread of COVID-19, the supply chain of critical components and raw materials has been disrupted, which will negatively impact the production of TFT LCD panels in the short term.
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