Top Trends in Flat Panel Display Market

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Technological advancements in the electronics and semiconductor industry and increasing use of flat panel display for consumer electronics such as televisions, tablets, smartphones, and laptops are driving the consumer electronics application segment of the market.

The global flat panel display (FPD) market is anticipated to display fast growth in the foreseeable future. The significant rise in the demand for flat panel displays is attributed to the high image quality offered by a range of FPDs along with a dip in prices of LCDs and plasma displays. The high penetration rate of technology among consumers, growth of the consumer electronics market, rising demand for big size displays, and increasing R&D efforts by the manufacturers of flat panel displays are the major factors driving the flat panel display market.

The global market for flat panel display is now focused on volume demand growth which was focused on unit growth at one time. The trend for bigger displays in the flat panel industry continues to be on the rise. There are four major reasons that are favoring the upgrade of FPD display sizes: soaring demand for 5-inch-and-more smartphones, increasing demand for large tablet PCs, rising demand for larger LCD TVs, and large automotive display screens.

LCDs to Enjoy Large Market Share due to Ease of Production, Cost-effective

The various type of flat panel displays (FPDs) are organic light emitting displays (OLEDs), liquid crystal displays (LCDs), and plasma display panels (PDPs). For long time, cathode ray tubes (CRTs) were the only devices capable of exhibiting moving pictures images to TV receivers. FPDs have been developed to improve the bulky structure of cathode ray tubes.

LCDs have been designed for several applications, because of its size variation and high-resolution capabilities. Nevertheless, it is important to comprehend the operational principle of the display in order to serve the needs. In general, the demand for high image quality is increasing along with the increasing demand for portability with the increasing availability of visual content in various media other than TV broadcasting. The optimization of display specifications according to applications is of paramount importance for FPDs.

OLED remains the quality standard in the flat panel industry as every manufacturer aspire to develop bigger, brighter, slimmer, and cheaper displays. OLED continues to be the choice of manufacturers and consumers due to its high picture quality but remains a concern in terms of production costs and longevity. However, manufacturers are churning out LEDs more than anything else in the bid to develop cheap displays.

LCDs are expected to dominate in the future until OLED can overcome its challenges. LCDs are easy to manufacture; however, low pixel density amorphous silicon LCDs are expected to account for a majority of the products that will be manufactured in the future.

Consumer Electronics Dominated Application Segment in 2014

The global flat panel display market stood at US$97,000 Mn in 2014 and is expected to be worth US$135,000 Mn by 2020, increasing at a CAGR of 5.8% between 2015 and 2020. The ceaseless demand for smartphones, demand for high quality television, and demand for monitors in automotive are some of the major factors driving the FPD market. Furthermore, the presence of some top-notch product manufacturers in countries such as China, Korea, Japan, and Taiwan in APAC will boost the growth of this regional market.

On the basis of application, consumer electronics, automotive application, and others are the segments of this market. The others segment includes defence and military, healthcare, etc. Consumer electronics is currently the largest application; the segment held a share of more than 70% in the overall market in 2014 and is expected to display the fastest CAGR of more than 15% between 2015 and 2020.

Consumer electronics is followed by automotive and is expected to display more than 7.5% CAGR between 2015 and 2020. Technological advancements in the electronics and semiconductor industry and increasing use of flat panel display for consumer electronics such as televisions, tablets, smartphones, and laptops are driving the consumer electronics application segment of the market.

The information presented here is sourced from Future Market Insights latest report on the Flat Panel Display Market. A free sample of this report is available upon request.

The author, Abhishek Budholiya, is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant with Future Market Insights, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing tennis or hanging out with his friends.

Author