TFT-LCD Display Panel Market Report and Forecast 2023-2028

According to the report, the global TFT-LCD display panel market attained a value of USD 181.54 billion in 2022. Aided by the increasing demand for consumer electronics and the growing adoption of advanced display technologies, the market is projected to further grow at a CAGR of 5.2% between 2023 and 2028 to reach a value of USD 246.31 billion by 2028.

Thin-Film Transistor Liquid Crystal Display (TFT-LCD) is a sort of flat-panel display technology that combines the benefits of thin-film transistors (TFTs) and liquid crystal displays (LCDs). TFT-LCD panels offer high image quality, reduced power consumption, and improved response times, making them ideal for various applications, including smartphones, tablets, laptops, televisions, and automotive displays, among others.

The global TFT-LCD display panel market growth is primarily driven by the growing demand for consumer electronics. The rapid penetration of smartphones, tablets, and laptops, coupled with the increasing disposable income of consumers, has fuelled the adoption of TFT-LCD display panels in these devices. The high image quality, enhanced colour reproduction, and energy efficiency of TFT-LCD panels make them the preferred choice for manufacturers and consumers alike.

Additionally, the growing adoption of advanced display technologies in the automotive sector is another key trend propelling the growth of the global TFT-LCD display panel market. TFT-LCD panels are increasingly being integrated into automotive displays, such as infotainment systems, instrument clusters, and navigation systems, to provide a more immersive and intuitive driving experience. This trend is expected to further boost the demand for TFT-LCD display panels in the coming years.

The emergence of innovative display technologies, such as flexible and foldable displays, is also expected to contribute to the global TFT-LCD display panel market expansion. These novel display technologies enable the development of next-generation electronic devices with unique form factors and enhanced functionality, driving the demand for advanced TFT-LCD panels. Moreover, the ongoing transition from traditional displays to high-resolution displays in various sectors, including entertainment, gaming, and medical imaging, is another factor supporting the market growth for TFT-LCD display panels.

Market Segmentation

The market can be divided based on medical machine, medical instruments, application, function, end use, and region.

Market Breakup by Medical Machine

Diagnostic Imaging Devices

• MRI Scanner
• CT Scanner
• Ultrasound Scanners
• X-RAY Scanners
• Endoscopy
• Others

Patient Monitoring Devices

• Electrocardiogram
• Cardiac Monitors
• Respiratory Monitors
• Multipara Monitors
• Others
• Others

Market Breakup by Medical Instruments

• Catheter
• Scalpels
• Scissors and Shears
• Surgical Steel Knife
• Cutters
• Extractors
• Others

Market Breakup by Application

• Orthopaedic
• Cardiovascular
• Ophthalmic
• Dental
• Wound Care
• Others

Market Breakup by Function

• Diagnostic and Monitoring
• Therapeutic
• Surgical
• Others

Market Breakup by End Use

• Hospitals and Ambulatory Centres
• Homecare Device
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global TFT-LCD display panel companies. Some of the major key players explored in the report are as follows:

• Medtronic Plc
• Johnson & Johnson Services, Inc
• Siemens Healthineers AG
• GE Healthcare
• Philips Healthcare
• F Hoffmann-La Roche Ltd
• Boston Scientific Corporation
• Others

*The publisher always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.