Flat Panel Display Market to Reach $189.60 Bn by 2026, High demand for vehicle displays technology in automotive sector drives growth
Pune, Maharashtra, India, September 11 2020 (Wiredrelease) Allied Analytics :Allied Market Research published a report, titled, Flat Panel Display Market by Technology (OLED, Quantum Dot, LED, LCD, and Others), Application (Smartphone Tablet, Smart Wearable, Television Digital Signage, PC Laptop, Vehicle Display, and Others), and Industry Vertical (Healthcare, Retail, BFSI, Military Defense, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 20192026. The report provides a detailed analysis of the drivers opportunities, wavering market trends, competitive market scenario, and market size estimates.As per the report, the global flat panel display industry was estimated at$116.80 billionin 2018 and is expected tohit$189.60 billionby 2026, registering aCAGR of 6.10%during 20192026.
Drivers, restraints and opportunities-
High demand for vehicle displays technology in automotive sector, rise in demand for OLED display devices in smartphones tablets, and increase in adoption of interactive touch-based devices in education sectorfuel the growth of the global flat panel display market. On the other hand, high cost of new display technologiesand stagnant growth of desktop PCs, notebook, tablets curb the growth to some extent. However, surge in adoption of flexible flat panel displayis expected to pave the way for a number of opportunities in the industry.
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The LCD segment to retain its dominance till 2026-
Based on technology, the LCD segment contributed to more than three-fifths of the global flat panel display market share in 2018 and is expected to lead the trail during 20192026. The fact that several electronic applications such as digital clocks, calculators, and music systems, use LCD display for data visualization has propelled the growth. The QD segment, on the other hand, would showcase the fastest CAGR of 9.8% by 2026. This is attributed to the fact that the quantum dots technology is now used to filter light from LEDs or backlit LCDs instead of using it as an actual display.
The retail segment held the largest share in 2018-
Based on industry vertical, the retail segment generated the major share in 2018, holding nearly one-fifth of the global flat panel display market. Rise in demand for interactive kiosk and interactive table in the retail sector has accentuated the growth. Simultaneously, the automotive segment would cite the fastest CAGR of 10.5% during the study period. This is due to increase in demand for vehicle display in the automotive sector.
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North Americato maintain the lions share-
Based on geography,North Americaaccounted for nearly two-fifths of the global flat panel display market revenue in 2018 and is anticipated to rule the roost till 2026. The continuous advancement and new development in touch screen technologies has augmented the demand for interactive display in this region. Simultaneously, the region acrossAsia-Pacificwould register the fastest CAGR of 9.7% throughout the forecast period. Increase in demand for interactive table, Kiosk, video walls, and touch technology in the region has driven the growth.
Key Benefits forFlat Panel Display Market:
This study comprises an analytical depiction of the global flat panel display market share with current trends and future estimations to depict the imminent investment pockets.
The overall flat panel display market analysis is determined to understand the profitable trends to gain a stronger foothold.
The flat panel display market report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The global flat panel display market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
Porters Five Forces analysis illustrates the potency of the buyers and suppliers in the flat panel display industry.
The report includes the flat panel display market share of key vendors and flat panel display market trends.
Major Players in the Market
The key players operating in the flat panel display industry include G Display Co., Ltd., NEC Corporation, Sharp Corporation, Samsung Electronics Co. Ltd, AU Optronics Corp., Sony Corporation, Panasonic Corporation, Japan Display Inc., Crystal Display Systems Ltd, and E ink Holdings Inc.
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