The global flat panel displays market has witnessed phenomenal growth owing to the advent of large-screen smartphones and televisions, which attracted a wide majority of customers from all the segments over the globe. Flat Panel Displays (FPDs) market, over the years, have made their presence felt in contemporary electronics with virtually every accessible electronic gadget integrated with flat panel displays. Falling prices, technology innovations, and firm demand from emerging markets augur well for the imminent market. FPDs are foreseen to gain substantial popularity in buildings and transport solicitations, and are expected to be progressively deployed in public display mediums and digital picture frames. In the television industry, penetration of FPDs has been significant, with wall-mounted TVs accounting for a major chunk of the market. FPD manufacturers’ insistent R&D resourcefulness is expected to unveil a range of advanced flat panel display models in the near future.
Flat-panel displays are non-brittle, very thin, lightweight, and rugged, driven by low power flow. These benefits have made FPDs popular among the consumers as compared with the conventional television sets and are driving the flat panel display market. High growth in consumer electronics consumption, augmenting technological advancements in high-quality displays, a decrease in display prices, and surging applicability in video-games and entertainment industry are the major drivers for the growth of the market. The global flat panel displays market is now experiencing a dynamic phase shift towards a focus on area-demand growth, due to the advent of innovative products in the segment such as curved displays and flexible displays. The hindrances for this market are R&D and commercial success, lack of financial support, adaptability, acceptance by consumers across the globe, and high cost of manufacturing flat display technologies.
Chip design and competitive pricing, and weak demand from some specific sectors also challenge the latitude of the technology and variety of display. Since emerging technologies, such as OLED display type compromising flexible, transparent, and 3D display, are at the burgeoning juncture, there is an eclectic room of prospects for the overall market. Flat-panel displays market can be segmented on basis technology into, Organic Light Emitting Diode Display (OLED), Liquid Crystal Display (LCD), and Plasma Display (PDP). Based on the application domain, flat panel displays can be differentiated into automotive, consumer electronics, and others (defense & military, healthcare, etc.). Consumer electronics solicitations are sub-segmented into computers, mobile phones, and television markets. The North American and the European flat panel displays market are anticipated to experience intermittent growth from just the corporate sales sector as the major population is transcending towards curved and flexible display panels.
Asia Pacific and China regions are expected to witness a substantial growth rate owing to the surging adoption of technology in the education and business sectors. All display technologies would gradually convey a certain degree of lock-in, which will diverge by the degree of tractability built into the elucidation, consequently ensuring greater the value in terms of display resolution, greater integration, and simplicity of management. Key players in the flat panel displays market comprise AU Samsung Electronics Co., Ltd., Toshiba Mobile Display Co., Ltd., LG Display Co., Ltd., Clover Display Limited, Densitron Technologies PLC, Emerging Display Technologies Corp., Chunghwa Picture Tubes Ltd., Optronics Corp., and Chimei Innolux Corporation.
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