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

Global 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).

Growing consumption of consumer electronics, high technological advancements, decreasing display prices, and surge in demand through various applications including videogames and entertainment industry are the major factors driving growth of the global flat panel displays market during the forecast period. In addition, growing demand for vehicle display technologies in automotive sector is also likely to propel the market growth at a significant rate in the coming years.

Furthermore, increased adoption of touch displays in the education sector and rising prevalence for OLED displays in various smartphones, laptops, and tablets are further anticipated to contribute to the growth of the global flat panel displays market over the forecast period. In addition, major market players are highly focusing of emerging novel technologies and research & development of new products to cater the demand and changing consumer preferences towards high resolution images. For instance, in July 2021, Samsung Electronics announced the launch of its new commercial microLED displays, in the global market with numerous features. The new product has micro artificial intelligence processor and 40% smaller emitting device as compared to the existing models.

US Flat Panel Displays Market is poised to grow at a sustainable CAGR for the next forecast year.