Flat Panel Display Market Analysis 2022-2030 and Key Business Strategies of Key Vendors

United State, New York, 2022-DEC-7— /EPR Network/The global flat panel display market size is expected to grow from USD 134.2 billion in 2020 to USD 191.4 billion by 2027, at a CAGR of 6.1% from 2021 to 2027. A flat panel display is an electronic display that displays information such as words, films, photos, or other visual content. Traditional Cathode Ray Tube television sets are much heavier and narrower than flat–panel screens. Organic Light–Emitting Diode (OLED), Liquid Crystal Display (LCD), Light–Emitting Diode (LED), and other technologies are used in these display displays. Furthermore, it is mostly used in consumer electronic devices such as laptops, tablets laptops, smartwatches, etc. The emergence of advanced technologies offers enhanced visualizations in several industry verticals, including retail, consumer electronics, transportation, sports & entertainment, etc. Flexible flat panel display technologies witness popularity at a high pace.

Moreover, display technologies, such as OLED, have increased importance in smartphones, smart wearables, televisions, and other devices. Also, smartphone manufacturers plan to incorporate flexible OLED displays to attract consumers. Additionally, the market is also in the process of producing energy–saving devices, primarily wearable devices.

Growth in in–vehicle display technology in the automotive industry, rising demand for OLED display devices in smartphones and tablets, and growing use of interactive touch–based devices in the education sector are all important drivers driving the flat panel display market. The expensive expense of new display technologies such as transparent displays and quantum dot screens and the stagnating growth of desktop PCs, laptops, and tablets stifles flat panel display growth.

Furthermore, display technology such as OLED offers several benefits over traditional display technologies, including its lightweight and flexibility, which has given it a competitive edge over other areas. OLED technology is often regarded as a lighter and smaller alternative to LCD and LED systems. Furthermore, unlike LCD screens, OLED panels do not require any backlighting. OLEDs also have the benefit of having a stable performance in the sunshine. Furthermore, the global flat panel display market will likely benefit from emerging flexible flat panel display device applications.

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Global Flat Panel Display Market Dynamics

Drivers: High demand for vehicle displays technology in the automotive sector

Nowadays, display gadgets are also used in the automotive industry. In response to this potential, LG Display has announced that it would begin producing a head–up display system for the car sector. LG’s vehicle display gadget is a flexible, transparent display that can be wheeled about. The heads–up display may be used in various ways and has a variety of functions to improve your driving experience. Co–driver display, head–up display, center information display, back seat entertainment, and other automobile components are included in the vehicle display. The most popular display technology among the main vehicle manufacturers is OLED.

Restraints: High cost of new display technologies

Rapid technological advancements and upgrades in portable devices such as smartphones have witnessed tremendous growth in recent years. Smartphones are easy to operate, efficient, and cost–effective. Furthermore, smartphones are featured with technologies evolved from devices like notebooks, tablets, and PC monitors.

Opportunities: Increase in adoption of flexible flat panel display

The present display market is largely concerned with developing new technologies and products for big screens and high–resolution pictures. Flexible displays are projected to dominate the display business in the future. In comparison to traditional displays, flexible displays are thin, light, and less prone to damage. As a result, flexible screens are predicted to both replace and generate new display technologies. In the worldwide display market, these characteristics are projected to generate profitable development prospects.

Scope of the Report

The study categorizes the flat panel display market based on application, technology, and industry vertical at the regional and global levels.

By Application Outlook (Sales, USD Million, 2017–2027)

• Smartphone & Tablet
• Smart Wearable
• Television and Digital Signage
• PC & Laptop
• Vehicle Display
• Others

By Technology Outlook (Sales, USD Million, 2017–2027)

• OLED
• Quantum Dot
• LED
• LCD
• Others

By Industry Vertical Outlook (Sales, USD Million, 2017–2027)

• Healthcare
• Retail
• BFSI
• Military & Defense
• Automotive
• Others

By Region Outlook (Sales, USD Million, 2017–2027)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

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The LCD segment is projected to account for the largest market share by technology

By technology, the market is bifurcated in OLED, Quantum Dot, LED, LCD, and others. In 2020, the LCD segment accounted for the largest market share of 59.3% in the global flat panel display market. Organic LED is an emerging type of display technology. This technology removes the need for separate backlighting. The display panels based on this technology are thinner than other technologies. This technology produces digital displays in different devices, including PC monitors, television screens, and portable systems such as smartphones. OLEDs have various advantages over conventional display technologies, such as they are light in weight and flexible enough. 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 backlighting compared to LCDs. Stable performance in sunlight is an additional benefit of OLED.

Asia Pacific accounts for the highest CAGR during the forecast period

Based on the regions, the global flat panel display market has been segmented across North America, Asia–Pacific, Europe, South America, and the Middle East & Africa. Globally, Asia Pacific is estimated to hold the highest CAGR of 9.7% in the global flat panel display market during the forecast period. Developing nations such as China, India, Japan, and Australia account for the major share in the display market in Asia–Pacific. This region is one of the major market regions for display technology globally, with India and China being the two major countries. Adoption of new technologies such as touch screen displays, interactive tables, kiosks, and other displays in Asia–Pacific, are expected to fuel the flat panel display market growth during the forecast period.

A surge in demand for interactive display, video walls, and touchscreen technology in this region is expected to boost the market. The interactive touch screen is a leading technology in every region that delivers versatility for retail POS system and provide high intuitive touch experience. Further, growing industrialization and rapid urbanization also attract the adoption of highly advanced and interactive solutions. These factors are expected to boost demand for flat panel displays in Asia–Pacific.

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Key Market Players

The flat panel display market is mildly concentrated in nature with few numbers global players operating in the market such as AU Optronics, LG Display Co. Ltd., Samsung Electronics Co. Ltd., Sony Corporation, NEC Corporation, Japan Display Inc., Panasonic Corporation, Crystal Display Systems, and E Ink Holdings Inc.

Recent Developments

• In February 2018, NEC Corporation acquired German–based S[quadrat], a leading high–end LED display systems provider, to expand its product portfolio.
• In June 2019, Samsung Electronics launched “The Wall,“ the world’s first modular micro–LED television with a display that can extend up to hundreds of inches in size and deliver color contrast in any setting.
• In August 2019, LG Display expanded its OLED business in China and started mass production of large screens for premium televisions.
• In August 2019, Panasonic Corporation entered into a partnership with Singapore distributor, Absolute AV Pte Ltd, to launch a flat panel display. This new display comes with more models of Intel SDM and OPS options.

Key Issues Addressed

• What is the market size by various segmentation of the flat panel display by region and its respective countries?
• What are the customer buying behavior, key takeaways, and Porter’s 5 forces of the flat panel display market?
• What are the key opportunities and trends for manufacturers involved in the flat panel display supply chain?
• What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market?
• What and how regulations, schemes, patents, and policies are impacting the growth of the market?
• What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology?
• The market player positioning, top winning strategies by years, company product developments, and launches will be?
• How has COVID–19 impacted the demand and sales of flat panel display in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period.
• Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market.

What is the size of the global flat panel display market?The global flat panel display market size was estimated at USD 134.2 billion in 2020 and is expected to reach USD 191.4 billion by 2027.What is the flat panel display market growth?The global flat panel display market is expected to advance at a compound annual growth rate of 6.1% from 2021 to 2027, reaching USD 191.4 billion by 2027.Which application segment dominated the global flat panel display market?The television and digital signage segment was the highest contributor, with 25.5% of the market share in 2020.Which region accounted for the largest flat panel display market share?North America dominated the flat panel display market and accounted for the largest revenue share of over 36.3% in 2020.Which region is the fastest-growing region in the global market of flat panel display?Asia Pacific is the fastest-growing region with a CAGR of 9.7% during the forecast period 2021-2027.Who are the key players in the flat panel display market?The leading manufacturers of flat panel displays in the global market include AU Optronics, Sony Corporation, LG Display Co. Ltd., NEC Corporation, Japan Display Inc., Samsung Electronics Co. Ltd., Crystal Display Systems, E Ink Holdings Inc., and Panasonic Corporation.What are the factors driving the flat panel display market?Key factors that are driving the flat panel display market growth include high demand for vehicle displays technology in the automotive sector, increase in demand for OLED display devices in smartphones and tablets, rise in adoption of interactive touch-based devices in the education sector will increase the demand for flat panel display during the forecast period