The flat panel display market size has grown strongly in recent years. It will grow from $129.63 billion in 2023 to $138.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth witnessed in the historical period can be attributed to various factors, including technological advancements, consumer preferences for high-quality displays, decreasing prices, the emergence of new markets, adherence to regulatory standards, and growing environmental consciousness.
The flat panel display market size is expected to see strong growth in the next few years. It will grow to $179.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The projected growth in the forecast period can be attributed to several factors, including the emergence of innovative display technologies, increasing demand for flexible and foldable displays, the proliferation of augmented reality (AR) and virtual reality (VR) applications, integration of displays in smart devices and Internet of Things (IoT) devices, and the need for energy-efficient display solutions. Key trends anticipated in this period include the sustained expansion of large-screen displays, convergence of display technologies, heightened focus on sustainability and recyclability, emphasis on personalization and customization features, and acceleration of innovation cycles.
The upward trajectory of the automotive industry is poised to drive the expansion of the flat panel display market in the foreseeable future. Embracing the design, production, marketing, and sales of motor vehicles such as cars, trucks, and motorcycles, the automotive sector is experiencing growth propelled by technological advancements, escalating demand for electric and autonomous vehicles, and robust global economic development. Within the automotive domain, flat panel displays play a pivotal role as integral components of infotainment systems, offering drivers and passengers intuitive interfaces for navigation, entertainment, and vehicle diagnostics, thereby elevating both the driving experience and safety standards. For instance, as reported by the European Automobile Manufacturers Association in May 2023, global motor vehicle production surged to 85.4 million units in 2022, marking a notable 5.7% increase compared to the previous year. Consequently, the burgeoning automotive industry serves as a catalyst for the growth of the flat panel display market.
Leading players in the flat panel display market are dedicated to developing innovative solutions, such as artificial intelligence (AI)-enabled interactive flat panels, to cater to evolving customer needs with advanced functionalities. AI-enabled interactive flat panels are equipped with artificial intelligence capabilities, enabling seamless user interaction with digital content through touch, gesture, or voice commands. For example, in May 2023, MAXHUB, a renowned provider of communication and audio-visual technologies based in the Netherlands, introduced its AI-enabled V6 Series of interactive flat panels. Available in sizes ranging from 55 to 86 inches, the V6 series offers cutting-edge audio-visual capabilities powered by artificial intelligence to enhance communication in corporate and educational environments. Featuring seamless screen sharing, robust whiteboard functionalities, and exceptional audio-visual performance, the V6 series is tailored to meet diverse collaboration and learning requirements.
In September 2021, Synopsys Inc., a prominent US-based software company, acquired semiconductor and flat panel display solutions from BISTel Inc. for an undisclosed sum. This acquisition bolsters Synopsys' portfolio of industry-leading process control solutions for semiconductor fabs by integrating comprehensive yield management and prediction solutions, particularly in the flat panel display domain, to enhance manufacturing quality and efficiency. BISTel Inc., headquartered in South Korea, specializes in manufacturing flat panel display systems, aligning with Synopsys' strategic vision to augment its capabilities in critical segments of the semiconductor and flat panel display industries.
Major companies operating in the flat panel display market are Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc., NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., Tokyo Electron Limited, TCL Display Technology Holdings Limited, AU Optronics Corporation, Innolux Corp, Japan Display Inc., Planar Systems Inc., BenQ Corporation, Densitron Technologies Plc., Hannstar Display Corporation, Emerging Display Technologies Corporation, Novaled AG, Crystal Display Systems Ltd.
North America was the largest region in the flat panel display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flat panel display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flat panel display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Flat panel displays are electronic display devices that boast flat screens, offering superior resolution, color accuracy, and image sharpness compared to traditional cathode ray tube (CRT) displays. They are known for their sleek, lightweight design and typically comprise a flat panel made of glass or plastic where images or videos are electronically displayed. These displays feature millions of tiny pixels that emit light when an electrical current passes through them, resulting in vivid images and colors.
The primary technologies used in flat panel displays include liquid crystal display (LCD), organic light emitting diode (OLED), light emitting diode (LED), and quantum dot. LCD technology utilizes liquid crystals sandwiched between two layers of glass or plastic to generate images or text. Flat panel displays come in various screen sizes ranging from small to medium and large, and find applications in diverse fields such as smartphones, tablets, televisions, digital signage, personal computers, laptops, vehicle displays, smart wearables, and more.
The flat panel display market research report is one of a series of new reports that provides flat panel display market statistics, including flat panel display industry global market size, regional shares, competitors with a flat panel display market share, detailed flat panel display market segments, market trends and opportunities, and any further data you may need to thrive in the flat panel display industry. This flat panel display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flat panel display market consists of sales of plasma displays, interactive whiteboards, and touchscreen displays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The flat panel display market size is expected to see strong growth in the next few years. It will grow to $179.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The projected growth in the forecast period can be attributed to several factors, including the emergence of innovative display technologies, increasing demand for flexible and foldable displays, the proliferation of augmented reality (AR) and virtual reality (VR) applications, integration of displays in smart devices and Internet of Things (IoT) devices, and the need for energy-efficient display solutions. Key trends anticipated in this period include the sustained expansion of large-screen displays, convergence of display technologies, heightened focus on sustainability and recyclability, emphasis on personalization and customization features, and acceleration of innovation cycles.
The upward trajectory of the automotive industry is poised to drive the expansion of the flat panel display market in the foreseeable future. Embracing the design, production, marketing, and sales of motor vehicles such as cars, trucks, and motorcycles, the automotive sector is experiencing growth propelled by technological advancements, escalating demand for electric and autonomous vehicles, and robust global economic development. Within the automotive domain, flat panel displays play a pivotal role as integral components of infotainment systems, offering drivers and passengers intuitive interfaces for navigation, entertainment, and vehicle diagnostics, thereby elevating both the driving experience and safety standards. For instance, as reported by the European Automobile Manufacturers Association in May 2023, global motor vehicle production surged to 85.4 million units in 2022, marking a notable 5.7% increase compared to the previous year. Consequently, the burgeoning automotive industry serves as a catalyst for the growth of the flat panel display market.
Leading players in the flat panel display market are dedicated to developing innovative solutions, such as artificial intelligence (AI)-enabled interactive flat panels, to cater to evolving customer needs with advanced functionalities. AI-enabled interactive flat panels are equipped with artificial intelligence capabilities, enabling seamless user interaction with digital content through touch, gesture, or voice commands. For example, in May 2023, MAXHUB, a renowned provider of communication and audio-visual technologies based in the Netherlands, introduced its AI-enabled V6 Series of interactive flat panels. Available in sizes ranging from 55 to 86 inches, the V6 series offers cutting-edge audio-visual capabilities powered by artificial intelligence to enhance communication in corporate and educational environments. Featuring seamless screen sharing, robust whiteboard functionalities, and exceptional audio-visual performance, the V6 series is tailored to meet diverse collaboration and learning requirements.
In September 2021, Synopsys Inc., a prominent US-based software company, acquired semiconductor and flat panel display solutions from BISTel Inc. for an undisclosed sum. This acquisition bolsters Synopsys' portfolio of industry-leading process control solutions for semiconductor fabs by integrating comprehensive yield management and prediction solutions, particularly in the flat panel display domain, to enhance manufacturing quality and efficiency. BISTel Inc., headquartered in South Korea, specializes in manufacturing flat panel display systems, aligning with Synopsys' strategic vision to augment its capabilities in critical segments of the semiconductor and flat panel display industries.
Major companies operating in the flat panel display market are Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc., NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., Tokyo Electron Limited, TCL Display Technology Holdings Limited, AU Optronics Corporation, Innolux Corp, Japan Display Inc., Planar Systems Inc., BenQ Corporation, Densitron Technologies Plc., Hannstar Display Corporation, Emerging Display Technologies Corporation, Novaled AG, Crystal Display Systems Ltd.
North America was the largest region in the flat panel display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flat panel display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flat panel display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Flat panel displays are electronic display devices that boast flat screens, offering superior resolution, color accuracy, and image sharpness compared to traditional cathode ray tube (CRT) displays. They are known for their sleek, lightweight design and typically comprise a flat panel made of glass or plastic where images or videos are electronically displayed. These displays feature millions of tiny pixels that emit light when an electrical current passes through them, resulting in vivid images and colors.
The primary technologies used in flat panel displays include liquid crystal display (LCD), organic light emitting diode (OLED), light emitting diode (LED), and quantum dot. LCD technology utilizes liquid crystals sandwiched between two layers of glass or plastic to generate images or text. Flat panel displays come in various screen sizes ranging from small to medium and large, and find applications in diverse fields such as smartphones, tablets, televisions, digital signage, personal computers, laptops, vehicle displays, smart wearables, and more.
The flat panel display market research report is one of a series of new reports that provides flat panel display market statistics, including flat panel display industry global market size, regional shares, competitors with a flat panel display market share, detailed flat panel display market segments, market trends and opportunities, and any further data you may need to thrive in the flat panel display industry. This flat panel display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The flat panel display market consists of sales of plasma displays, interactive whiteboards, and touchscreen displays. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Flat Panel Display Market Characteristics3. Flat Panel Display Market Trends and Strategies32. Global Flat Panel Display Market Competitive Benchmarking33. Global Flat Panel Display Market Competitive Dashboard34. Key Mergers and Acquisitions in the Flat Panel Display Market
4. Flat Panel Display Market - Macro Economic Scenario
5. Global Flat Panel Display Market Size and Growth
6. Flat Panel Display Market Segmentation
7. Flat Panel Display Market Regional and Country Analysis
8. Asia-Pacific Flat Panel Display Market
9. China Flat Panel Display Market
10. India Flat Panel Display Market
11. Japan Flat Panel Display Market
12. Australia Flat Panel Display Market
13. Indonesia Flat Panel Display Market
14. South Korea Flat Panel Display Market
15. Western Europe Flat Panel Display Market
16. UK Flat Panel Display Market
17. Germany Flat Panel Display Market
18. France Flat Panel Display Market
19. Italy Flat Panel Display Market
20. Spain Flat Panel Display Market
21. Eastern Europe Flat Panel Display Market
22. Russia Flat Panel Display Market
23. North America Flat Panel Display Market
24. USA Flat Panel Display Market
25. Canada Flat Panel Display Market
26. South America Flat Panel Display Market
27. Brazil Flat Panel Display Market
28. Middle East Flat Panel Display Market
29. Africa Flat Panel Display Market
30. Flat Panel Display Market Competitive Landscape and Company Profiles
31. Flat Panel Display Market Other Major and Innovative Companies
35. Flat Panel Display Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Flat Panel Display Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on flat panel display market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
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- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for flat panel display ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The flat panel display market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Technology: Liquid Crystal Display (LCD); Organic Light Emitting Diode (OLED); Light Emitting Diode (LED); Quantum Dot; Other Technologies2) by Screen Size: Small Screen; Medium Screen; Large Screen
3) by Application: Smartphone and Tablet; Television and Digital Signage; Personal Computer (PC) and Laptop; Vehicle Display; Smart Wearable; Other Applications
Key Companies Mentioned: Samsung Electronics Co. Ltd; Sony Corporation; Panasonic Corporation; Toshiba Corporation; BOE Technology Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Samsung Electronics Co. Ltd
- Sony Corporation
- Panasonic Corporation
- Toshiba Corporation
- BOE Technology Group
- Applied Materials Inc.
- NEC Corporation
- Sharp Corporation
- LG Display Co. Ltd.
- Koninklijke Philips N.V.
- ASUSTeK Computer Inc.
- Tokyo Electron Limited
- TCL Display Technology Holdings Limited
- AU Optronics Corporation
- Innolux Corp
- Japan Display Inc.
- Planar Systems Inc.
- BenQ Corporation
- Densitron Technologies Plc.
- Hannstar Display Corporation
- Emerging Display Technologies Corporation
- Novaled AG
- Crystal Display Systems Ltd
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | June 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 138.21 Billion |
Forecasted Market Value ( USD | $ 179.41 Billion |
Compound Annual Growth Rate | 6.7% |
Regions Covered | Global |