Flat panel display is electronics viewing technology that projects information such as images, videos, texts, or other visual material. Flat panel displays are far lighter and thinner than traditional Cathode Ray Tube (CRT) television sets. These display screens utilize numerous technologies such as LightoEmitting Diode (LED), Liquid Crystal Display (LCD), Organic LightoEmitting Diode (OLED), and others. Also, it is mostly used in consumer electronic devices such as TV, laptops, tablets, laptops, smart watches, and others. The emergence of advanced technologies offers enhanced visualizations in several industry verticals, which include consumer electronics, retail, sports & entertainment, transportation, and others. Also, flexible flat panel display technologies witness popularity at a high pace. In addition, display technologies, such OLED, have gained increased importance in products such as televisions, smart wearables, smartphones, and other devices. Moreover, smartphone manufacturers plan to incorporate flexible OLED displays to attract consumers. Furthermore, the market is also in the process of producing energy saving devices, primarily in wearable devices.
The market for flat panel displays in healthcare, retail, BSFI, military & defense, automotive, and other sectors are analyzed and estimated in accordance to the impacts of drivers, restraints, and opportunities. The major factors that drive the flat panel display market include growth in the vehicle display technology in the automotive sector, an increase in demand for OLED display devices in smartphones and tablets, and rise in adoption of interactive touch-based devices in the education sector. However, high cost of the latest display technologies such as transparent display and quantum dot displays and stagnant growth of desktop PCs, notebooks, and tablets hinder the market growth. Furthermore, upcoming applications in the flexible flat panel display devices are expected to create lucrative growth opportunities for the global display market.
The market is segmented into technology, application, industry vertical, and region. By technology, it is classified into OLED, quantum dots, LED, LCD, and others. By application, it is categorized into smartphone & tablet, smart wearables, television & digital signage, PC & laptop, vehicle display, and others. By industry vertical, it is divided into healthcare, retail, BFSI, military & defense, automotive, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global display market are LG Display Co. Ltd., Samsung Electronics Co. Ltd., NEC Corporation, Sony Corporation, AU Optronics, Panasonic Corporation, Sharp Corporation, Japan Display Inc., Crystal Display Systems, and E Ink Holdings Inc.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Application
By Technology
By Industry Vertical
By Region
North America
Europe
Asia-Pacific
LAMEA
KEY MARKET PLAYERS
The market for flat panel displays in healthcare, retail, BSFI, military & defense, automotive, and other sectors are analyzed and estimated in accordance to the impacts of drivers, restraints, and opportunities. The major factors that drive the flat panel display market include growth in the vehicle display technology in the automotive sector, an increase in demand for OLED display devices in smartphones and tablets, and rise in adoption of interactive touch-based devices in the education sector. However, high cost of the latest display technologies such as transparent display and quantum dot displays and stagnant growth of desktop PCs, notebooks, and tablets hinder the market growth. Furthermore, upcoming applications in the flexible flat panel display devices are expected to create lucrative growth opportunities for the global display market.
The market is segmented into technology, application, industry vertical, and region. By technology, it is classified into OLED, quantum dots, LED, LCD, and others. By application, it is categorized into smartphone & tablet, smart wearables, television & digital signage, PC & laptop, vehicle display, and others. By industry vertical, it is divided into healthcare, retail, BFSI, military & defense, automotive, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the global display market are LG Display Co. Ltd., Samsung Electronics Co. Ltd., NEC Corporation, Sony Corporation, AU Optronics, Panasonic Corporation, Sharp Corporation, Japan Display Inc., Crystal Display Systems, and E Ink Holdings Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises an analytical depiction of the global flat panel display market with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2018 to 2026 to highlight the financial competency of the market.
- Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.
KEY MARKET SEGMENTS
By Application
- Smartphone & Tablet
- Smart Wearable
- Television & Digital Signage
- PC & Laptop
- Vehicle Display
- Others
By Technology
- OLED
- Quantum Dot
- LED
- LCD
- Others
By Industry Vertical
- Healthcare
- Retail
- BFSI
- Military & Defense
- Automotive
- Others
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa
KEY MARKET PLAYERS
- LG Display Co. Ltd.
- Samsung Electronics Co. Ltd.
- AU Optronics
- NEC Corporation
- Sony Corporation
- Sharp Corporation
- Panasonic Corporation
- Japan Display Inc.
- E Ink Holdings Inc.
- Crystal Display Systems
Table of Contents
Chapter 1: Introduction
Chapter 3: Market Overview
Chapter 4: Flat Panel Display Market, By Technology
Chapter 5: Flat Panel Display Market, By Application
Chapter 6: Flat Panel Display Market, By Industry Vertical
Chapter 7: Global Flat Panel Display Market, By Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Global Flat Panel Display Market by Technology, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global flat panel display market size was valued at $116.80 billion in 2018, and is projected to reach $189.60 billion by 2026, growing at a CAGR of 6.10% from 2019 to 2026.Flat panel display is a successor of Cathode Ray Tube (CRT) display that includes Liquid Crystal Display (LCD) or Light-Emitting Diode (LED) screens, which makes them much lighter and thinner than other displays. These displays are used for advertisements, educational purposes, and in the corporate sector. These display screens utilize numerous technologies such as Light-Emitting Diode (LED), Liquid Crystal Display (LCD), Organic Light-Emitting Diode (OLED), and other technologies. In addition, the display technologies such as organic light-emitting diode (OLED) have gained increased importance in products such as televisions, smart wearables, smartphones, and other devices.
A smartphone and tablet are handheld personal computers with a mobile operating system. These devices are enabled with a LED or OLED touchscreen display with a graphical user interface, processor, and a rechargeable battery in a single thin flat structure. The flat panel display specially used in small devices including mobile phones, smartphone, digital cameras, laptops, and pocket video cameras. These devices run a variety of software. Smartphones are pocket-sized as opposed to tablets.
Region-wise, the flat panel display industry trends are analyzed across North America Europe, Asia-Pacific, and LAMEA. In 2018, in terms of revenue, North America accounted for 38.7% of the total flat panel display market revenue and is expected to retain its dominant position. However, the Asia-Pacific region is expected to grow at the highest CAGR, owing to advancements in display technologies and rise in purchasing capacity of people.
High demand for vehicle display technology in the automotive sector, increase in demand for OLED display devices in smartphones and tablets, and rise in adoption of interactive touch-based devices in the education sector drive the growth of the market. In addition, high adoption of flexible flat panel display is anticipated to provide potential growth opportunities for the market. However, high cost of new display technologies and stagnant growth of desktop PCs, notebooks, and tablets is expected to restrain the flat panel display market growth.
Moreover, the display technology such as OLED has various advantages over conventional display technologies such as being light in weight and its flexibility, which have enabled it to gain competitive advantage over other segments. The OLED technology is recognized as a lighter and thinner alternative than conventional LED and LCD systems. In addition, OLED panels do not require any type of backlighting compared to LCD. A stable performance in sunlight is an additional advantage of OLEDs.
In August 2019, Sharp Corporation launched Sharp 8M-B80AX1U 80' Class 8K Ultra HD LCD display. This display offers ultimate high definition, conforming to the 8K Ultra HD standards and pixel resolution 16 times greater than Full HD and four times greater than 4K.
According to Ankit Prajapati, Lead Analyst, Semiconductor & Electronics, “In 2018, the LCD segment dominated the flat panel display market in the technology category, in terms of revenue. However, the Quantum Dot (QD) segment is expected to grow at the highest CAGR during the forecast period. By application, the smartphone & tablet segment is anticipated to dominate the market throughout the forecast period (2019–2026). Moreover, the healthcare segment dominates the overall flat panel display market, in terms of industry vertical. The flat panel display market signifies a promising future for the technological industry. The companies are adopting innovative techniques to provide customers with advanced and innovated product offerings.”
Key Finding of The Flat Panel Display Market:
By technology, the LCD segment led the flat panel display market share in 2018. However, the Quantum Dot (QD) segment is anticipated to grow at the highest CAGR during the forecast period (2019–2026).
North America held majority of the market share in 2018.
By industry vertical, the healthcare segment dominated the flat panel display market in 2018. However, the automotive segment is expected to grow at the highest CAGR during the forecast period (2019–2026).
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
The key players operating in the flat panel display industry include G Display Co., Ltd., NEC Corporation, Sharp Corporation, Samsung Electronics Co. Ltd, AU Optronics Corp., Sony Corporation, Panasonic Corporation, Japan Display Inc., Crystal Display Systems Ltd, and E ink Holdings Inc.
Companies Mentioned
- G Display Co. Ltd.
- NEC Corporation
- Sharp Corporation
- Samsung Electronics Co. Ltd
- AU Optronics Corp.
- Sony Corporation
- Panasonic Corporation
- Japan Display Inc.
- Crystal Display Systems Ltd
- E ink Holdings Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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