What is the global market size of Flat Panel Displays Market?

Global Flat Panel Displays Market was valued at USD 139.5 billion in 2021 and it is expected to reach a value of USD 167 billion by 2028, at a CAGR of 6.11% over the forecast period (2022-2028). Read More

Flat Panel Displays Market Size, Share, Growth Analysis, By Technology(OLED, Quantum Dot, LED, LCD), By Application(Smartphone, Television, Laptop, Vehicle Display), By Display Size(<10 Inches, 10-20 Inches, 20-30 Inches, 30-40 Inches), By Industry Vertical(Healthcare, Retail, BFSI, Military), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Flat Panel Displays Market?

The global Flat Panel Displays market is highly competitive with the presence of many well-known international companies operating around the globe. The top 5 market players accounted for the largest market share including LG Electronics, Samsung Electronics, and Innolux Corporation. The major market players are implementing on several business strategies such as acquisition, mergers, partnerships, collaborations, and new product launches to strengthen their market position and expand their product portfolio. 'Sony Corporation','Panasonic Corporation','Samsung Electronics Co. Ltd','AUO Corporation','Sharp Corporation','AU Optronics Corporation','Universal Display Corporation','NEC Corporation','Crystal Display System','E Ink Holdings Inc.','Tokyo Electron' Read More

Q: What is the key driver of Global Flat Panel Displays Market?

An extensive rise in the demand for high quality pictures and better saturation from several industries including automotive, education, smartphones, laptops, and others is the major factor estimated to drive the global flat panel displays market over the forecast period. Moreover, rising adoption of touch-based devices in education sector around the world coupled with the innovation of high tech displays such as OLEDs are also fueling the global demand for flat panel displays. Read More

Q: What is the key market trend for Global Flat Panel Displays Market?

In the last few years, OLEDs have gained huge popularity and the adoption OLEDs as premium televisions are on its peak, and is expected to create lucrative opportunities for the global flat panel displays market in the coming years. Major companies are rapidly increasing their investment in research & development sector and paying high attention to improve quality and decrease production as well as and consolidate their market position, which is further likely to have positive impact on the global market over the coming years. Read More

Q: Which region accounted for the largest share in Global Flat Panel Displays Market?

Globally, North America dominated the Flat Panel Displays Market with a significant market share in 2021 and is set to continue its dominance over the forecast period owing to the early adoption of advanced technology, rising corporate sales, and high income of people in the region. In addition, presence of large market players and their rising investment in research & development sector to improve and enhance their product offering for capturing larger market and strengthen their market position. For instance, LG Business Solution USA, announced the launching of its first ever Health Protocol Solution Series, with an aim of providing real time updates and sanitation procedures including a webOS Signage LG display. Read More

Report ID: SQSG45J2037 | Region: Global | Published Date: April, 2024
Pages: 225 | Tables: 127 | Figures: 68

Flat Panel Displays Market Dynamics

Flat Panel Displays Market Drivers

An extensive rise in the demand for high quality pictures and better saturation from several industries including automotive, education, smartphones, laptops, and others is the major factor estimated to drive the global flat panel displays market over the forecast period. Moreover, rising adoption of touch-based devices in education sector around the world coupled with the innovation of high tech displays such as OLEDs are also fueling the global demand for flat panel displays.

Flat Panel Displays Market Restraint

High cost associated with these displays along with the lack of monetary support are the factors likely to restrain the global flat panel displays market growth during the forecast period. A very large portion of global population are price sensitive and belongs from low and middle-class section, therefore they can’t afford these high cost and premium displays. As a result, the global demand for flat panel displays are anticipated to have a negative impact in the coming years.

Flat Panel Displays Market Report Snapshots

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Flat Panel Displays Market size was valued at USD 142155 million in 2019 and is poised to grow from USD 150399.99 million in 2023 to USD 249815.18 million by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

The Flat Panel Displays market is highly competitive with the presence of many well-known international companies operating around the globe. The top 5 market players accounted for the largest market share including LG Electronics, Samsung Electronics, and Innolux Corporation. The major market players are implementing on several business strategies such as acquisition, mergers, partnerships, collaborations, and new product launches to strengthen their market position and expand their product portfolio. 'Sony Corporation', 'Panasonic Corporation', 'Samsung Electronics Co. Ltd', 'AUO Corporation', 'Sharp Corporation', 'AU Optronics Corporation', 'Universal Display Corporation', 'NEC Corporation', 'Crystal Display System', 'E Ink Holdings Inc.', 'Tokyo Electron'

An extensive rise in the demand for high quality pictures and better saturation from several industries including automotive, education, smartphones, laptops, and others is the major factor estimated to drive the flat panel displays market over the forecast period. Moreover, rising adoption of touch-based devices in education sector around the world coupled with the innovation of high tech displays such as OLEDs are also fueling the demand for flat panel displays.

In the last few years, OLEDs have gained huge popularity and the adoption OLEDs as premium televisions are on its peak, and is expected to create lucrative opportunities for the flat panel displays market in the coming years. Major companies are rapidly increasing their investment in research & development sector and paying high attention to improve quality and decrease production as well as and consolidate their market position, which is further likely to have positive impact on the market over the coming years.

Globally, North America dominated the Flat Panel Displays Market with a significant market share in 2021 and is set to continue its dominance over the forecast period owing to the early adoption of advanced technology, rising corporate sales, and high income of people in the region. In addition, presence of large market players and their rising investment in research & development sector to improve and enhance their product offering for capturing larger market and strengthen their market position. For instance, LG Business Solution USA, announced the launching of its first ever Health Protocol Solution Series, with an aim of providing real time updates and sanitation procedures including a webOS Signage LG display.

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Flat Panel Displays Market Dynamics

Flat Panel Displays Market Report Snapshots

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FAQs

What is the market size of Flat Panel Displays Market?

Who are the key vendors in the Flat Panel Displays Market?

What is the key driver of Flat Panel Displays Market?

What is the key market trend for Flat Panel Displays Market?

Which region accounted for the largest share in Flat Panel Displays Market?

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