North America TFT LCD Panel Market to Witness Moderate Growth During 2020-2025, Bolstered by Demand from Consumer Electronics Industry

September 12, 2020

According to the recent report by IMARC Group, titled “North America TFT LCD Panel Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the North America TFT LCD panel market size reached US$ 55 Billion in 2019. A thin-film-transistor liquid-crystal display (TFT LCD) is a modification of a liquid-crystal display (LCD), which offers improved image quality. TFT LCD is an active matrix display in which every pixel has a separate transistor that manages the illumination and enables an easy view in bright environments. It is light in weight, operates on low power, slim in construction, and has high-resolution. As a result, it is utilized in a wide range of consumer electronics, including tablets, televisions, cameras, phones, SLR cameras, and portable video game devices.

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.

North America TFT LCD Panel Market Trends:

TFT LCD panels offer a wider viewing angle, are less prone to reflection, and are much lighter than traditional LCD panels. As a result, they are rapidly are replacing old display technologies in televisions and laptop screens. Apart from this, TFT LCD panels are also being utilized in the aerospace sector to display warning messages, aircraft altitude information, navigational data, and airframe parameters. Furthermore, the increasing utilization of smartphones, gadgets, and tablets, especially among younger consumers in North America, has provided a thrust to the growth of the market. Innovations and technological advancements in this sector are anticipated to bolster the market growth. For instance, manufacturers are focusing on developing TFT displays with thin films of amorphous silicon deposited on the glass using the Plasma Enhanced Chemical Vapor Disposition (PECVD) technology. On account of these factors, the market is expected to experience moderate growth during the forecast period (2020-2025). 

Market Summary:

  • Based on the size, the market has been bifurcated into large, and medium and small size panels.
  • On the basis of the application, the market has been classified into mobile phones, tablets, televisions, mobile PCs, monitors, and others.
  • Region-wise, the market has been divided into Canada, the United States, and Mexico.
  • The competitive landscape of the market has been analyzed in the report, along with a detailed study of the key players.

 

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North America TFT LCD Panel Market to Witness Moderate Growth During 2020-2025, Bolstered by Demand from Consumer Electronics Industry
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