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2019

Flat Panel Display Market

Flat Panel Display Market Size, Share, Competitive Landscape and Trend Analysis Report, by Technology, Application and Industry Vertical : Global Opportunity Analysis and Industry Forecast, 2019-2026

SE : Display Technologies

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Author's: Avinash Savekar & Asavari Patil | Sonia Mutreja
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Flat Panel Display Market Outlook-2026

The global flat panel display market was valued at $116.80 billion in 2018, and is projected to reach $189.60 billion by 2026, registering a CAGR of 6.10% from 2019 to 2026. Flat panel display is electronics viewing technology that projects information such as images, videos, texts, or other visual material. Flat panel displays are far lighter and thinner than traditional Cathode Ray Tube (CRT) television sets. These display screens utilize numerous technologies such as Light-Emitting Diode (LED), Liquid Crystal Display (LCD), Organic Light-Emitting Diode (OLED), and others. Also, it is mostly used in consumer electronic devices such as TV, laptops, tablets, laptops, smart watches, and others.

Flat Panel Display Market

The emergence of advanced technologies offers enhanced visualizations in several industry verticals, which include consumer electronics, retail, sports & entertainment, transportation, and others. Also, flexible flat panel display technologies witness popularity at a high pace. In addition, display technologies, such OLED, have gained increased importance in products such as televisions, smart wearables, smartphones, and other devices. Moreover, smartphone manufacturers plan to incorporate flexible OLED displays to attract consumers. Furthermore, the flat panel display market is also in the process of producing energy saving devices, primarily in wearable devices.

The major factors that drive the flat panel display market include growth in vehicle display technology in the automotive sector, increase in demand for OLED display devices in smartphones and tablets, and rise in adoption of interactive touch-based devices in the education sector. However, high cost of latest display technologies such as transparent display and quantum dot displays, and stagnant growth of desktop PCs, notebooks, and tablets hinder the flat panel display market growth. Furthermore, upcoming applications in flexible flat panel display devices are expected to create lucrative growth opportunities for the global flat panel display market.

The flat panel display market is segmented into technology, application, industry vertical, and region. By technology, it is classified into OLED, quantum dots, LED, LCD, and others. By application, it is categorized into smartphone & tablet, smart wearables, television & digital signage, PC & laptop, vehicle display, and others. By industry vertical, it is divided into healthcare, retail, BFSI, military & defense, automotive, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

TOP IMPACTING FACTORS

The significant impacting factors in the global flat panel display industry include high demand for vehicle display technology in the 0automotive sector, Increase in demand for OLED display devices in smartphones and tablets, Rise in adoption of interactive touch-based devices in education sector, high cost of new display technologies, stagnant growth of desktop PCs, notebook, and tablets, surge in adoption of flexible flat panel display. Each of these factors is anticipated to have a definite impact on the flat panel display market size during the forecast period.

Flat Panel Display Market
By Type
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Quantum Dot (QD) would exhibit the highest CAGR of 9.80% during 2019-2026.

High demand for vehicle display technology in the automotive sector

Display devices nowadays have also been integrated in the automotive industry. For instance, looking at this opportunity, LG display announced that it is expected to start the manufacturing of a head-up display system for the automotive industry. The vehicle display device produced by LG is a transparent flexible display, which can be rolled around. The heads-up display can be utilized in several ways and has different functions for an enhanced driving experience. The vehicle display includes automotive components such as co-driver display, head-up display, center information display, rear seat entertainment, and others. OLED displays is the most preferred display technology among the major automotive players.

Increase in demand for OLED display devices in smartphones and tablets

Organic LEDs are emerging type of display technology. This technology removes the need of separate backlighting. The display panels based on this technology are thinner than other technologies that are integrated in display devices. This technology is widely used in smartphones which boast OLED screen and are rapidly becoming more prevalent. Major player like Apple, Oppo, Vivo, LG, and Xiaomi also stared using OLED displays from last few years. In addition, when in low light ambient conditions at room, an OLED can achieve higher contrast ratio than other technology.

Flat Panel Display Market
By Application
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Vehicle display would exhibit the highest CAGR of 9.40% during 2019-2026.

Rise in adoption of interactive touch-based devices in the education sector

In recent years, the number of devices with touch sensors has risen exponentially as touch-based devices are easier to access. The touch-based devices require a display panel to operate which, in turn, helps in the growth of display devices. The demand for interactive displays in schools, institutions, and universities has increased around the world. These displays are useful for learning and teaching purposes such as efficient interaction in classrooms, student accomplishments, and overall productivity. Interactive display offers numerous advantages such as increased level of engagement between students and teachers, allowing students with physical disability learn better, bring flexibility in learning, saves teaching cost, and allows students to save lessons for further review. Also, interactive flat panel display allows teachers to share text, video, and audio files with students easily.

High cost of new display technologies

The latest display technologies such as transparent display and quantum dot displays are relatively high in cost due to its complex design. Hence, most of the latest display technologies are integrated in premium devices, which are not affordable. This factor is expected to restrict the flat panel display market growth.

Flat Panel Display Market
By Region
2026
North America 
Europe
Asia-Pacific
LAMEA

Asia-Pacific would exhibit the highest CAGR of 9.70% during 2019-2026.

Increase in adoption of flexible flat panel display

The current flat panel display market is focused on developing new technologies and products primarily for large-sized displays and high-resolution images. The flat panel display market in future is expected to concentrate on flexible displays. Flexible displays are thin, light, and less prone to breakage compared to conventional displays. Therefore, flexible displays are expected to replace current display devices as well as create new ones. These factors are expected to create lucrative flat panel display market opportunities globally.

Key Benefits for Flat Panel Display Market:

  • This study comprises an analytical depiction of the global flat panel display market share with current trends and future estimations to depict the imminent investment pockets.
  • The overall flat panel display market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The flat panel display market report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The global flat panel display market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
  • Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers in the flat panel display industry.
  • The report includes the flat panel display market share of key vendors and flat panel display market trends.

Flat Panel Display Market Report Highlights

Aspects Details
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By Technology
  • OLED
  • Quantum Dot
  • LED
  • LCD
  • Others
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By Application
  • Smartphone & Tablet
  • Smart Wearable
  • Television and Digital Signage
  • PC & Laptop
  • Vehicle Display
  • Others
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By Industry Vertical
  • Healthcare
  • Retail
  • BFSI
  • Military & Defense
  • Automotive
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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Key Market Players

LG DISPLAY, NEC CORPORATION, SHARP CORPORATION, PANASONIC CORPORATION, E INK HOLDINGS INC, CRYSTAL DISPLAY SYSTEMS LTD, SAMSUNG ELECTRONICS CO. LTD., JAPAN DISPLAY INC., AU OPTRONICS CORP., SONY CORPORATION

Analyst Review

The flat panel display market possesses high potential for the semiconductor industry. In the current business scenario, the demand for displays, particularly in the developing regions, is witnessing a significant increase, owing to the rise in trend of touch-based devices and increase in demand for OLED display devices in smartphones and tablets. Thus, companies operating in the flat panel display industry are adopting various innovative techniques to provide customers with advanced and innovative product offerings.

Rise in demand for vehicle display technology in the automotive sector drives the growth of the global flat panel display market. However, high cost of transparent and quantum dot display technology and stagnant growth of desktop PCs, notebook, and tablets impede the growth. In the future, adoption of flexible flat panel display, and commercialization of autonomous vehicles are expected to create lucrative opportunities for the key players operating in the flat panel display market.

Among the analyzed regions, North America is expected to account for the highest revenue in the global market throughout the forecast period (2019–2026). However, Asia-Pacific is expected to grow at a higher growth rate, predicting a lucrative growth opportunity for the global flat panel display market.

Author Name(s) : Avinash Savekar & Asavari Patil | Sonia Mutreja

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Flat Panel Display Market

Global Opportunity Analysis and Industry Forecast, 2019-2026