FLAT PANEL DISPLAY MARKET ANALYSIS
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).
Figure 1. Global Flat Panel Display Market Value (US$ Mn), by Region, 2020
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
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