Flat Panel Display Market

Global Flat Panel Display Market Size (2024 to 2029)

The global flat panel display market is predicted to reach USD 131.48 billion in 2024 and USD 176.78 billion by 2029, growing at a CAGR of 6.10% during the forecast period.

Flat panel display is a new-age technology that helps project content like images, videos, texts, etc. Flat panel displays are lighter and thinner than traditional beam Tube (CRT) television sets. These display screens utilize numerous technologies like liquid crystal Display (LCD), Organic LED (OLED), light-emitting diode (LED), and others. Also, it's primarily utilized in consumer electronic devices like TVs, laptops, tablets, laptops, smartwatches, and others. Flat panel displays are lightweight, non-brittle, thin, and rugged, driven by low power flow. This makes them popular among customers compared to traditional television sets and drives the worldwide market.

Current Scenario of the Global Flat Panel Display Market

High growth in consumer electronics consumption, decreased display prices, augmenting technological advancements in high-quality displays, and surging applicability in video games and industry are the main drivers for the market expansion. The worldwide flat panel displays market is now experiencing a dynamic phase shift towards attention on area-demand growth, thanks to the arrival of innovative products within the segment, like curved displays and versatile displays. The hindrances for this market are R&D and commercial success, lack of economic support, adaptability, acceptance by consumers worldwide, and the high cost of producing flat display technologies.

MARKET DRIVERS

Increased demand from the growth of the automotive sector, vehicle display technology, rising preferences for OLED display in tablets, smartphones, and other devices, and the adoption of interactive touch-based devices in the education sector are a number of the factors that will likely to accelerate the expansion of the global flat panel displays market within the forecast period of 2024 to 2029. On the other hand, introducing innovative products will create new and ample opportunities that may result in the development of the flat panel display market in the foreseen period. Lack of monetary support and the high maintenance cost are market obstacles for flat panel displays over the projected period.

The flat panel display market is reshaping the entire electronic market regarding technology. The most crucial factor driving the flat panel display market is the high adoption of advanced technology like OLED over LCD. Compared to LCD, OLED (organic light-emitting diode) displays are thinner and lightweight and offer high resolution. Various other factors are driving the market, like an increase in the demand for smartphones and top-quality resolutions of television and laptops. The demand for flat screens in the automotive sector is increasing swiftly, further driving the market for flat panel displays.

Apart from the automobile and electronic sectors, flat panel display has vast opportunities in the education, advertising, and medical sectors as novel display technology applications are adopted, subsequently driving the flat panel display market in some previous years. The acceptance of flexible displays and favor toward large-screen products is gradually increasing, becoming a trend nowadays. However, the flat panel display market is witnessing higher cost volatility, which affects the extension of the market. The flat panel displays include a unique, organic LED lighting technique, making the video display more flexible. As a result of this, companies are going with panoramic displays that are curved instead of flat.

Impact of COVID-19 on the Global Flat Panel Display Market

The ongoing coronavirus pandemic has affected the display industry, with manufacturing operations suspended across significant manufacturing hubs, resulting in a considerable slowdown in production. Additionally, having control of the assembly, the continued pandemic has taken a toll on the buyer demand for display-integrated devices, likely exacerbated by the lockdown imposed across significant countries. Uncertainty about lockdown conditions makes it difficult to think about a recovery in the display industry. On the other side, increased demand for displays in medical equipment, including ventilators and respirators, is estimated to keep the demand for displays afloat within the coming times.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Flat Panel Display Market Analysis By Technology

The marketplace for flat panel displays has been segmented into OLED, LCD, LED, Quantum Dots, and Others. The adoption of OLED technology is more significant in the flat panel display market because it gives excellent display resolutions and advanced viewing angles to the FDP.

Global Flat Panel Display Market Analysis By End Users

The global market is segmented into consumer electronics, healthcare, BFSI, retail, automotive, and military and defense.

Global Flat Panel Display Market Analysis By Application

The market is segmented into smartphones and tablets, television and digital signage, PCs and laptops, vehicle displays, and smart wearables. The rising need for automotive display technology, the augmented demand for OLED display devices in smartphones and tablets, and the surge in the implementation of interactive touch-based equipment in the education sector support the growth of flat panel display market.

REGIONAL ANALYSIS

The Asia Pacific region is foreseen to experience high growth in the flat display market. China will lead the area with a sizable amount of market players for consumer electronics.  

North America will dominate the flat panel display market because of the acceptance of advanced technologies and the rising corporate sales sector. At the same time, Asia-Pacific is expected to grow within the forecast period. Due to the low manufacturing cost, vast production facilities, and rising research activities for advanced technologies.

KEY PARTICIPANTS IN THE GLOBAL FLAT PANEL DISPLAY MARKET

The major companies operating in the global flat panel displays market include LG Display Co., Ltd., Sony Electronics Inc., NEC Display Solutions, Ltd., Samsung, Sharp Corporation, Japan Display Inc., Panasonic Corporation, AU Optronics Corp., E Ink Holdings Inc., Crystal Display Systems Ltd, Emerging Display Technologies, Innolux Corporation, Universal Display, Clover Display Limited, Densitron UK Ltd, Chunghwa Picture Tubes, Ltd., among other players.

RECENT HAPPENINGS IN THE GLOBAL FLAT PANEL DISPLAY MARKET

• In August 2019, Samsung Italy, a Samsung Company, entered a partnership with K-array. Through this partnership, they'll build luxury LEDs for Home Project. These LEDs target delivering a unique entertainment experience to the consumers.

DETAILED SEGMENTATION OF THE GLOBAL FLAT PANEL DISPLAY MARKET INCLUDED IN THIS REPORT

This research report on the global flat panel display market is segmented and sub-segmented based on the technology, applications, end-users, and region.

By Technology

• OLED         

• Quantum Dot         

• LED             

• LCD            

By End Users

• Consumer Electronic           

• Healthcare              

• Automotive            

• Retail         

• BFSI           

• Military & Defense 

By Application

• Smartphone & Tablet         

• Television & Digital Signage             

• PC & Laptop           

• Vehicle Display      

• Smart Wearable   

By Region

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus