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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

A flat panel display (FPD) is an electronic view device that allows people to see content such as text or moving images in different consumer electronics, mobile devices, and a range of entertainment. FPDs are thinner and lighter than conventional cathode ray tubes (CRT), which is usually less than 10 centimeters. There are two different categories of FPDs namely emissive displays and non-emissive displays. LED is an example of an emissive display, while LCD is an example of non-emissive display. These displays are majorly used in TV monitors, laptop computers, portable electronics, digital cameras, packet video games, etc. FPDs offer high pixel resolution, enhanced contrast setting, and lower power consumption.

The global flat panel display market is estimated to be valued at US$ 142,155 million in 2021 and is expected to exhibit a CAGR of 5.8 % over the forecast period (2021-2028).

Recent Developments:

In April 2020, AU Optronics partnered with PlayNitride Inc., a Micro LED technology provider, to develop high resolution flexible micro LED display technology. AUO and PlayNitride each exerted their expertise in display and LED to jointly develop a leading 9.4-inch high resolution flexible micro LED display with the highest 228 PPI pixel density.

In January 2020, LG Display unveiled its latest displays and technologies at CES 2020 in Las Vegas from January 7 to 10. The company will introduce a 65-inch Ultra HD (UHD) Bendable OLED display and a 55-inch Full HD (FHD) Transparent OLED display.

In August 2019, LG Display announced the opening of its 8.5th generation (2,200mm x 2,500mm) OLED panel production plant in Guangzhou, China, to produce 10 million large-size OLED panels a year.

Asia Pacific excluding Japan held dominant position in the global mobile phone accessories market in 2020, accounting for 84.8% share in terms of Value, followed by Europe and Americas, respectively.

Figure 1. Global Flat Panel Display Market Value (US$ Mn), by Region, 2020

Flat Panel Display  | Coherent Market Insights

Global Flat Panel Display Market - Drivers

Rising government support to FPD industry is expected to drive growth of the global flat panel display market during the forecast period. Rising government initiatives and proactive support have led to rapid development of flat panel industry in major economies including Japan, Canada, and the U.S. For instance, the government of Japan has shown keen interest in the development of high-resolution screens. On the contrary, the U.S. Government is supporting FPD industry, which is primarily channeled through the Department of Defense. Moreover, the Korean government provides support for development of the high tech industry.

Growing adoption of FPD in mobile devices is expected to propel the global flat panel display market growth over the forecast period. Increasing demand for smartphones with augmented features is a major driving factor in the market. Smartphone manufacturers are focused on adopting FPD technology, in order to cater to increasing demand for high-quality image and clarity. FPD offers enhanced picture quality with improved contrast setting and low power consumption.

Global Flat Panel Display Market: Opportunity

FPDs are being increasingly deployed in various application areas, especially in retail segment. Major demand for LCD and PDP technologies is arising from the retail segment for application in flat digital signage Majority of small flat panel digital signage installations are taking place in retail stores and Quick Service Restaurants (QSRs).

LCD manufacturers are innovating their LCD product line and introducing new technology to sustain in the LCD panel market. For instance, in 2012, Samsung commercialized production of a transparent LCD panel for a wide variety of display applications such as platform doors of subways, commercial freezer doors, e-Boards, medical equipment, and mobile devices.

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Flat Panel Display Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 142,155.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 5.8% 2028 Value Projection: US$ 197,683.5 Bn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Western Europe: Germany, U.K., France, Italy, and Rest of Western Europe
  • Eastern Europe: Poland, Russia, and Rest of Eastern Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: GCC Countries, Israel,  South Africa, North Africa, Central Africa, Rest of Middle East
Segments covered:
  • By Technology: Liquid cristal Display (LCD), Plasma Display (PDP), Organic Light Emitting Diode Display (OLED), Others (FED, MicroDisplay, ELD)
  • By Application: Consumer Electronics (LCD Television (TV), Mobile Phone, Personal Computer (PC)), Automotive Application, Others (Healthcare, Defense, Military, Aviation, Automotive)
Companies covered:

Sony Corporation, AU Optronics Corp., Panasonic Corporation, Emerging Display Technologies Corp., LG Display Co. Ltd., Innolux Corp., Universal Display Corporation, Japan Display Inc., and Samsung Electronics Co. Ltd.

Growth Drivers:
  • Rising government support to FPD industry 
  • Growing adoption of FPD in mobile devices
Restraints & Challenges:
  • Growing adoption of FPD in mobile devices 
  • Restricted view angle of LCD

Market Trends

Development in glass OLED panels has led to next-generation displays such as plastic OLED panels. These OLED panels utilize plastic substrate instead of a conventional glass substrate that has various applications. For instance, in 2013, LG Display introduced the world’s first display manufacturer to provide mass-produced flexible OLED panels for smartphones. It is expected to expand further into diverse applications including automobile displays, tablets, etc.

With advent of smart wearable devices, especially smartwatches, the adoption of FPD has increased significantly. For instance, in 2015, AUO introduced 1.6” and 1.4" full-circle AMOLEDs for wearable devices such as smartwatches, which feature low power consumption and are ultra-slim and lightweight.

Figure 2. Global Flat Panel Display Market Share, By Technology, 2020

Flat Panel Display  | Coherent Market Insights

Key Takeaways of the Graph:

  • The liquid crystal display (LCD) segment held dominant position in the market and accounted for 38% share in the global flat panel display market in 2020. The segment is expected to reach US$ 124,042.18 million in 2028. This is owing to the wider angles and large display area offered by LCD.  
  • The consumer electronics segment held a dominant position and accounted for 87% share in the global flat panel display market in 2020. This is segment is expected to be valued US$ 99,939.82 million by 2028, owing to growing demand for television and smartphones.

Global Flat Panel Display Market- Restraints

Saturation in the market is expected to restrain growth of the global flat panel display market during the forecast period. Popularity of LCDs is high due to engagement of some of the top players such as Samsung, LG, Panasonic, etc. However, the trend is rapidly changing, owing to the introduction of more powerful technologies such as OLED, which is gaining popularity among major players in the market. Key companies in the market such as Apple are shifting towards OLED displays for application in its products such as iPad, iPhone, iTV, iWatch, etc.

Restricted view angle of LCD is expected to hinder the global flat panel display market growth over the forecast period. LCD technologies have a major drawback, restricted viewing angle. As a result of this, images and brightness on a television screen do not appear in true color when viewed from every angle. Several technologies have been developed to address this issue; however, OLED televisions seem to be the best option in this regard.

Competitive Section

Key companies involved in the global flat panel display market are Sony Corporation, AU Optronics Corp., Panasonic Corporation, Emerging Display Technologies Corp., LG Display Co. Ltd., Innolux Corp., Universal Display Corporation, Japan Display Inc., and Samsung Electronics Co. Ltd.

Key Developments

  1. Major companies in the market are focused on product launches, in order to expand product portfolio. For instance, in January 2020, Sony Corporation launched Bravia displays and a crystal LED display at ISE 2020.
  2. Key players in the market are involved in partnerships and collaborations, in order to gain a competitive edge in the market. For instance, August 2019, Universal Display Corporation partnered with Eternal Material Technology Company to commercialize OLED host materials.

A flat panel display (FPD) is an electronic view device that allows people to see content such as text or moving images in different consumer electronics, mobile devices, and a range of entertainment. There are two different categories of FPDs namely emissive displays and non-emissive displays. FPDs offer high pixel resolution, enhanced contrast setting, and lower power consumption. FPDs are thinner and lighter than conventional cathode ray tubes (CRT), which is usually less than 10 centimeters. These displays are majorly used in TV monitors, laptop computers, portable electronics, digital cameras, packet video games, etc. FPDs offer high pixel resolution, enhanced contrast setting, and lower power consumption.

Market Dynamics

The manufacturing process for LED display differs according to the application of end product. Constant research and development activities in LCD technology have resulted in the development of manufacturing processes that are both economical and allow production of quality products. For instance, LCDs manufactured using quantum dot technology incur less in terms of production costs and enable production of energy-efficient displays. Thus, these factors are expected to support growth of the market in the near future.

Although OLED displays offer superior performance, they are comparatively more experience than LCD displays. This is due to material wastage incurred during the manufacturing process, which in turn, increases end product cost significantly. Thus, these factors expected to hamper the global flat panel display market growth over the forecast period.

Key features of the study:

  • This report provides an in-depth analysis of the global flat panel display market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global flat panel display market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global flat panel display market are Sony Corporation, AU Optronics Corp., Panasonic Corporation, Emerging Display Technologies Corp., LG Display Co. Ltd., Innolux Corp., Universal Display Corporation, Japan Display Inc., and Samsung Electronics Co. Ltd.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global flat panel display market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global flat panel display market.

Detailed Segmentation:

  •  Global Flat Panel Display Market, By Technology:
    • Liquid Crystal Display (LCD)
    • Plasma Display (PDP)
    • Organic Light Emitting Diode (OLED) Display
    • Others (FED, ELD, etc.)
  • Global Flat Panel Display Market, By Applications:
    • Consumer Electronics
      • Television (TV)
      • Mobile Phone
      • Personal Computer (PC)
    • Automotive Application
    • Others (Healthcare, Defense & Military, etc.)
  • Global Flat Panel Display Market, By Region:
    • Americas
    • Europe
    • Asia Pacific
      • China
      • Taiwan
      • Korea
    • Japan
    • Middle East & Africa
  • Company Profiles
    • Sony Corporation*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • AU Optronics Corp.
    • Panasonic Corporation
    • Emerging Display Technologies Corp.
    • LG Display Co. Ltd.
    • Innolux Corp.
    • Universal Display Corporation
    • Japan Display Inc.
    • Samsung Electronics Co. Ltd.

 *Browse all the market data tables and figures on “Global Flat Panel Display Market- Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • Industry Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Mobile Phone Accessories Market, By Technology, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Liquid Crystal Display (LCD)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Plasma Display (PDP)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Organic Light Emitting Diode Display (OLED)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others (FED, MicroDisplay, ELD)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  5. Global Mobile Phone Accessories Market, By Application, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, 2020 and 2028 (%)
      • Segment Trends
    • Consumer Electronics
      • LCD Television (TV)
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Mobile Phone
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
      • Personal Computer (PC)
        • Introduction
        • Market Size and Forecast, 2017–2028, (US$ Million)
    • Automotive Application
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
    • Others (Healthcare, Defense, Military, Aviation, Automotive)
      • Introduction
      • Market Size and Forecast, 2017–2028, (US$ Million)
  6. Global Mobile Phone Accessories Market, By Region, 2017-2028 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2020 and 2028 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.S.
        • Canada
    • Western Europe
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Rest of Europe
    • Eastern Europe
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Poland
        • Russia
        • Rest of Eastern Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Technology, 2017–2028 (US$ Million)
      • Market Size and Forecast, By Application, 2017–2028 (US$ Million)
      • Market Share Analysis, By Country, 2020 and 2028 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  7. Competitive Landscape
    • Company Profiles
      • Sony Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • AU Optronics Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Panasonic Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Emerging Display Technologies Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • LG Display Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Innolux Corp.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Universal Display Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Japan Display Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Samsung Electronics Co. Ltd.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on “Global Mobile Phone Accessories Market-forecast to 2028”.

FAQgrowicon

Frequently Asked Questions

The global flat panel display market is estimated to be valued at US$ 142,155 million in 2021 and is expected to exhibit a CAGR of 5.8 % over the forecast period (2021-2028).
Key companies involved in the market are Sony Corporation, AU Optronics Corp., Panasonic Corporation, Emerging Display Technologies Corp., LG Display Co. Ltd., Innolux Corp., Universal Display Corporation, Japan Display Inc., and Samsung Electronics Co. Ltd.
Rising government support to FPD industry is expected to drive growth of the market during the forecast period
Growing adoption of plastic OLED is one of the significant emerging trends in the market.
Restricted view angle of LCD is expected to hinder the market growth over the forecast period.
Rising adoption of flat panel digital signage by retail segment can provide major opportunities.
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