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The global TFT LCD panel market size was valued at US$ 165.0 Billion in 2022.
According to the estimates by IMARC Group, the global TFT LCD panel market is expected to exhibit a CAGR of 4.66% during 2023-2028.
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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