According to the IMARC Group, 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., according to a new report by IMARC Group.
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.
Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
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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.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Market Breakup by Size
- Large Size TFT-LCD Display Panel
- Medium and Small Size TFT-LCD Display Panel
Market Breakup by Application
- Television
- Mobile Phones
- Mobile PCs
- Monitors
- Automotive
- Others
Market Performance of Key Regions
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Some of the major players operating in the industry include:
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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