Global Flat Panel Displays Market

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


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.

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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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Global Flat Panel Displays Market

Product ID: SQSG45J2037

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