According to IMARC Group’s latest report, titled "TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", the global TFT LCD panel market reached a value of US$ 150.2 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 196.7 Billion by 2026.
A thin-film-transistor liquid-crystal display (TFT LCD) panel is a liquid crystal display that is generally attached to a thin film transistor. It is an energy-efficient product variant that offers a superior quality viewing experience without straining the eye. Additionally, it is lightweight, less prone to reflection and provides a wider viewing angle and sharp images. Consequently, it is generally utilized in the manufacturing of numerous electronic and handheld devices. Some of the commonly available TFT LCD panels in the market include twisted nematic, in-plane switching, advanced fringe field switching, patterned vertical alignment and an advanced super view.
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Global TFT LCD Panel Market Trends:
The global market is primarily driven by continual technological advancements in the display technology. This is supported by the introduction of plasma enhanced chemical vapor deposition (PECVD) technology to manufacture TFT panels that offers uniform thickness and cracking resistance to the product. Along with this, the widespread adoption of the TFT LCD panels in the production of automobiles dashboards that provide high resolution and reliability to the driver is gaining prominence across the globe. Furthermore, the increasing demand for compact-sized display panels and 4K television variants are contributing to the market growth. Moreover, the rising penetration of electronic devices, such as smartphones, tablets and laptops among the masses, is creating a positive outlook for the market. Other factors, including inflating disposable incomes of the masses, changing lifestyle patterns, and increasing investments in research and development (R&D) activities, are further projected to drive the market growth.
Market Segmentation:
Market Breakup by Size
- Large Size TFT-LCD Display Panel
- Medium and Small Size TFT-LCD Display Panel
- Television
- Mobile Phones
- Mobile PCs
- Monitors
- Automotive
- Others
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
LG Electronics Inc. (KRX: 066570)
Samsung Electronics Co., Ltd. (SSNLF)
INNOLUX (TPE: 3481)
AU Optronics Corp. (OTCMKTS: AUOTY)
SHARP (OTCMKTS: SHCAY)
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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