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.
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 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.
Competitive Landscape:
The report has also covered some of the major players operating in this market
- LG
- SAMSUNG
- INNOLUX
- AUO
- SHARP.
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 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.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Display Industry
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Technology
5.4 Market Breakup by Application
5.5 Market Forecast
6 Global TFT-LCD Display Panel Industry
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Analysis
6.4.1 Key Price Indicators
6.4.2 Price Structure
6.4.3 Margin Analysis
6.5 Market Breakup by Region
6.6 Market Breakup by Size and Technology
6.7 Market Breakup by Application
6.8 Market Forecast
6.9 SWOT Analysis
6.9.1 Overview
6.9.2 Strengths
6.9.3 Weaknesses
6.9.4 Opportunities
6.9.5 Threats
6.10 Value Chain Analysis
6.10.1 Raw Material Procurement
6.10.2 Manufacturer
6.10.3 Marketing and Distribution
6.10.4 Retailer
6.10.5 Exporter
6.10.6 End-User
6.11 Porter’s Five Forces Analysis
6.11.1 Overview
6.11.2 Bargaining Power of Buyers
6.11.3 Bargaining Power of Suppliers
6.11.4 Degree of Competition
6.11.5 Threat of New Entrants
6.11.6 Threat of Substitutes
6.12 Key Market Drivers and Success Factors
7 TFT-LCD Display Panel Market: Breakup by Size
7.1 Large Size TFT-LCD Display Panel
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Medium and Small Size TFT-LCD Display Panel
7.2.1 Market Trends
7.2.2 Market Forecast
8 TFT-LCD Display Panel Market: Breakup by Application
8.1 Television
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Mobile Phones
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Mobile PCs
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Monitors
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Automotive
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 TFT-LCD Display Panel Market: Performance of Key Regions
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Asia Pacific
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Europe
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Market Breakup by Key Players
11 TFT-LCD Display Panel Manufacturing Process
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Raw Material Requirements and Expenditures
12.5 Packaging Requirements and Expenditures
12.6 Transportation Requirements and Expenditures
12.7 Utility Requirements and Expenditures
12.8 Manpower Requirements and Expenditures
12.9 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
15.1 LG Electronics Inc.
15.1.1 Company Overview
15.1.2 Company Description
15.1.3 Operations
15.1.4 Strategy
15.1.5 SWOT Analysis
15.2 Samsung Electronics Co., Ltd.
15.2.1 Company Overview
15.2.2 Company Description
15.2.3 Operations
15.2.4 Strategy
15.2.5 SWOT Analysis
15.3 Innolux Corporation
15.3.1 Company Overview
15.3.2 Company Description
15.4 AU Optronics Corp.
15.4.1 Company Overview
15.4.2 Company Description
15.4.3 Operations
15.4.4 SWOT Analysis
15.5 Sharp Corporation
15.5.1 Company Overview
15.5.2 Company Description
15.5.3 Strategy
15.5.4 SWOT Analysis
List of Figures
Figure 1: Global: TFT-LCD Display Panel Market: Major Drivers and Challenges
Figure 2: Global: Display Market: Value Trends (in Billion US$), 2015- 2020
Figure 3: Global: Display Market: Breakup by Technology (in %), 2020
Figure 4: Global: Display Market: Breakup by Application (in %), 2020
Figure 5: Global: Display Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 6: Global: TFT-LCD Display Panel Market: Volume Trends (in Million Units), 2015-2020
Figure 7: Global: TFT-LCD Display Panel Market: Value Trends (in Billion US$), 2015-2020
Figure 8: Global: LCD Display Panel Market: Average Prices (in US$/Unit), 2015 & 2020
Figure 9: TFT-LCD Display Panel Market: Price Structure (in US$/Unit)
Figure 10: Global: TFT-LCD Display Panel Market: Breakup by Region (in %), 2020
Figure 11: Global: TFT-LCD Display Panel Market: Breakup by Size (in %), 2020
Figure 12: Global: TFT-LCD Display Panel Market: Breakup by Technology (in %), 2020
Figure 13: Global: TFT-LCD Display Panel Market: Breakup by Application (in %), 2020
Figure 14: Global: TFT-LCD Display Panel Market Forecast: Volume Trends (in Million Units), 2021-2026
Figure 15: Global: TFT-LCD Display Panel Market Forecast: Value Trends (in Billion US$), 2021-2026
Figure 16: Global: TFT-LCD Display Panel Industry: SWOT Analysis
Figure 17: Global: TFT-LCD Display Panel Industry: Value Chain Analysis
Figure 18: Global: TFT-LCD Display Panel Industry: Porter’s Five Forces Analysis
Figure 19: North America: TFT-LCD Display Panel Market (in Million US$), 2015 & 2020
Figure 20: North America: TFT-LCD Display Panel Market Forecast (in Million US$), 2021-2026
Figure 21: Asia Pacific: TFT-LCD Display Panel Market (in Million US$), 2015 & 2020
Figure 22: Asia Pacific: TFT-LCD Display Panel Market Forecast (in Million US$), 2021-2026
Figure 23: Europe: TFT-LCD Display Panel Market (in Million US$), 2015 & 2020
Figure 24: Europe: TFT-LCD Display Panel Market Forecast (in Million US$), 2021-2026
Figure 25: Middle East and Africa: TFT-LCD Display Panel Market (in Million US$), 2015 & 2020
Figure 26: Middle East and Africa: TFT-LCD Display Panel Market Forecast (in Million US$), 2021-2026
Figure 27: Latin America: TFT-LCD Display Panel Market (in Million US$), 2015 & 2020
Figure 28: Latin America: TFT-LCD Display Panel Market Forecast (in Million US$), 2021-2026
Figure 29: Global: TFT-LCD Display Panel Market: Large Size TFT-LCD Display Panel (in Million US$), 2015 & 2020
Figure 30: Global: TFT-LCD Display Panel Market Forecast: Large Size TFT-LCD Display Panel (in Million US$), 2021-2026
Figure 31: Global: TFT-LCD Display Panel Market: Medium and Small Size TFT-LCD Display Panel (in Million US$), 2015 & 2020
Figure 32: Global: TFT-LCD Display Panel Market Forecast: Medium and Small Size TFT-LCD Display Panel (in Million US$), 2021-2026
Figure 33: Global: TFT-LCD Display Panel Market: Television (in Million US$), 2015 & 2020
Figure 34: Global: TFT-LCD Display Panel Market Forecast: Television (in Million US$), 2021-2026
Figure 35: Global: TFT-LCD Display Panel Market: Mobile Phones (in Million US$), 2015 & 2020
Figure 36: Global: TFT-LCD Display Panel Market Forecast: Mobile Phones (in Million US$), 2021-2026
Figure 37: Global: TFT-LCD Display Panel Market: Mobile PCs (in Million US$), 2015 & 2020
Figure 38: Global: TFT-LCD Display Panel Market Forecast: Mobile PCs (in Million US$), 2021-2026
Figure 39: Global: TFT-LCD Display Panel Market: Monitors (in Million US$), 2015 & 2020
Figure 40: Global: TFT-LCD Display Panel Market Forecast: Monitors (in Million US$), 2021-2026
Figure 41: Global: TFT-LCD Display Panel Market: Automotive (in Million US$), 2015 & 2020
Figure 42: Global: TFT-LCD Display Panel Market Forecast: Automotive (in Million US$), 2021-2026
Figure 43: Global: TFT-LCD Display Panel Market: Others (in Million US$), 2015 & 2020
Figure 44: Global: TFT-LCD Display Panel Market Forecast: Others (in Million US$), 2021-2026
Figure 45: TFT-LCD Display Panel Manufacturing: Detailed Process Flow
Figure 46: TFT-LCD Display Panel Manufacturing: Conversion Rate of Products
Figure 47: TFT-LCD Display Panel Manufacturing: Packaging Requirements
Figure 48: TFT-LCD Display Panel Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 49: TFT-LCD Display Panel: Profit Margins at Various Levels of the Supply Chain
Figure 50: TFT-LCD Display Panel Manufacturing Plant: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Display Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Display Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 3: Global: Display Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: TFT-LCD Display Panel Market: Key Industry Highlights, 2020 and 2026
Table 5: Global: TFT-LCD Display Panel Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: TFT-LCD Display Panel Market Forecast: Breakup by Size (in Million US$), 2021-2026
Table 7: Global: TFT-LCD Display Panel Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 8: Global: TFT-LCD Display Panel Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 9: Global: TFT-LCD Display Panel Market: Competitive Structure
Table 10: Global: TFT-LCD Display Panel Market: Key Players
Table 11: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 12: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 13: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Array Process Machinery (in US$)
Table 14: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Colour Filter Process Machinery (in US$)
Table 15: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Cell Process Machinery (in US$)
Table 16: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Module Assembly Process Machinery (in US$)
Table 17: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Ultrapure Water Production System (in US$)
Table 18: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Wastewater Treatment System (in US$)
Table 19: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Wastewater Recycling System (in US$)
Table 20: TFT-LCD Display Panel Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 21: TFT-LCD Display Panel Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (US$/Unit)
Table 22: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 23: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 24: Details of Financial Assistance Offered by Financial Institutions
Table 25: TFT-LCD Display Panel Manufacturing Plant: Capital Costs (in US$)
Table 26: TFT-LCD Display Panel Manufacturing Plant: Techno-Economic Parameters
Table 27: TFT-LCD Display Panel Manufacturing Plant: Taxation and Depreciation (in US$)
Table 28: TFT-LCD Display Panel Manufacturing Plant: Income Projections (in US$)
Table 29: TFT-LCD Display Panel Manufacturing Plant: Expenditure Projections (in US$)
Table 30: TFT-LCD Display Panel Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 31: TFT-LCD Display Panel Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 32: TFT-LCD Display Panel Manufacturing Plant: Profit and Loss Account (in US$)