Global Flat Panel Displays Market

Flat Panel Displays Market Size, Share, Growth Analysis, By Technology(OLED, Quantum Dot), By Application(Smartphone, Television), By Display Size(<10 Inches, 10-20 Inches), By Industry Vertical(Healthcare, Retail) - Industry Forecast 2024-2031


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

Flat Panel Displays Market Insights

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.

Market snapshot - 2024-2031

Global Market Size

USD 142155 million

Largest Segment

LCD

Fastest Growth

OLED

Growth Rate

5.8% CAGR

Global Flat Panel Displays Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Flat Panel Displays Market Size By Technology, 2022-2028 ($ Bn)
Global Flat Panel Displays Market Size By Technology, 2022-2028 (%)

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Flat Panel Displays Market Segmental Analysis

Global Flat Panel Displays Market is segmented on the basis of technology, application, display size, industry vertical, and region. By technology, the market is segmented into OLED, quantum dot, LED, LCD, and others. By application, the market is categorized into smartphone, television, laptop, vehicle display, and others. By display size, the market is segmented into <10 Inches, 10-20 Inches, 20-30 Inches, 30-40 Inches and >40 Inches. By industry vertical, the market is segmented into healthcare, retail, BFSI, military and defence, automotive and others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.

Flat Panel Displays Market Analysis by Technology

By technology, the LCD segment accounted for the largest market share in 2021. Improved product quality, good picture quality, and wider acceptance in several applications are the major factors projected to drive the growth of the segment during the forecast period. Furthermore, quantum dot technology is helping LCD displays to provide high quality, better colour saturation, and enhanced brightness coupled with the development in virtual reality is expected to fuel the demand and growth of the market over the coming years.

Flat Panel Displays Market Analysis by Application

By application, the television segment held the largest market share in 2021 and is expected to maintain this throughout the forecast period. Large population base, increased popularity of reality shows, and increased consumer disposable income are the major factors propelling the growth of the television segment. Furthermore, high demand for vehicle display, a surge in the number of OLED display in smartphones, rising adoption of advanced touch-based devices are also projected to have a significant growth in the global market in the coming years.

Global Flat Panel Displays Market By Technology, 2021 (%), 2023 (%)

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Flat Panel Displays Market Regional Insights

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.

Furthermore, Asia Pacific is anticipated to witness fastest growth rate over the forecast period due to the rise in industrialization, rapid urbanization, and available of raw materials at lower cost in the region. In addition, rising investment by international market players in developing economies such as India, China, and Indonesia because of the high growth opportunities in the region is also driving the growth of the flat panel displays market.

Global Flat Panel Displays Market By Geography, 2022-2028, 2024-2031
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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.

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Flat Panel Displays Market Competitive Landscape

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.

Flat Panel Displays Market Top Player’s Company Profiles

Flat Panel Displays Market Recent Developments

  • In April 2022, Samsung announced about its new future project to enhance their television offerings around the globe. The main aim of the project is to create quantum dot OLED panels more-thinner as compared to current panels operating in the market. With the help of this project company is also focusing on new possibility for their television screen.
  • In May 2022, LG announced that the company is highly focusing on OLED televisions as they are planning to increase the footprint of OLEDs in India premium television segment and to cater the rising demand for larger screen televisions.

Flat Panel Displays Key Market Trends

  • 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.

Flat Panel Displays Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global flat panel displays market is witnessing a significant growth during the forecast period owing to increased R&D investment, high adoption of premium televisions, and increasing per capita income of global consumers. In addition, change in consumer lifestyles and their preference towards thinner and flat displays for their home and on many other applications also is further anticipated to fuel the demand for the global market. However, high refresh rates, slow response time, and highly expensive than others are the factors expected to hamper the growth of the market during the forecast period.

Report Metric Details
Market size value in 2023 USD 142155 million
Market size value in 2031 USD 249815.18 million
Growth Rate 5.8%
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Technology
    • OLED, Quantum Dot, LED, LCD, others
  • Application
    • Smartphone, Television, Laptop, Vehicle Display, others
  • Display Size
    • <10 Inches, 10-20 Inches, 20-30 Inches, 30-40 Inches, >40 Inches
  • Industry Vertical
    • Healthcare, Retail, BFSI, Military, Defence, Automotive, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Flat Panel Displays Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Flat Panel Displays Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Flat Panel Displays Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flat Panel Displays Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flat Panel Displays Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Flat Panel Displays Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

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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Global Flat Panel Displays Market

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