The Flat Panel Display Market is expected to experience a strong growth rate of 4% CAGR from 2022 to 2027, reaching an estimated market value of US$ 177.3 billion. The increasing demand for LCD displays is driven by their lower power consumption compared to cathode ray tubes, resulting in a surge in their popularity.
Even though energy usage rises as screen size does, it still remains substantially lower than that of cathode ray tubes. New technologies, such as quantum dots, are being introduced by LCD makers as an enhancement over conventional LCD panels.
LCD can now deliver higher color saturation, a higher-quality image, and greater brightness thanks to quantum dot technology. For virtual reality, high-resolution LCDs are being created. Because manufacturers are implementing LCD technology to meet consumer demand for excellent image quality, the need for LCD is also rising for smartphones.
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Key Takeaways of Flat Panel Display Market Study
- The LCD segment is estimated to continue to hold a significant market share among all segments by technology during the forecast period, as the manufacturers are introducing new technologies offering an improvement over traditional LCD displays.
- Among all applications consumer electronics segment is estimated to register notable CAGR as the flat panel displays in electronics devices have a competitive edge owing to increasing brightness, more pixel support resolution, and reduced power consumption.
- Asia Pacific is witnessing an impressive growth rate in the flat panel display market as the government in countries such as China, India, and Japan are creating opportunities for flat panel display providers by developing the education infrastructure and by adopting the flat panel display for e-learning.
Adoption of Flat Panel Digital Signage by Retail Segment
- Deployment FPDs is increasing across various application areas, with the retail segment leading in the adoption of flat panel displays. Major demand for LCD and PDP technologies is arising from the retail segment for application in flat digital signage. Through digital signage live data, custom-made motion, photography, audio, and internet content can be displayed which can help the retailers to attract customers as the digital signage is more eye-catching and memorable than static media.
- Digital signage is a valuable tool for retailers because it conveys important in-store messages, advertising, and promotions directly to the customers during a critical moment while they are purchasing something, this helps the retailers to generate additional sales revenue.
More Valuable Insights on Flat Panel Display Market
FMI’s report on the Flat Panel Display market is segmented into four major sections such as technology(liquid crystal display, plasma display, organic light emitting diode display, and others), applications ( consumer electronics, LCD television, mobile phone, personal computer, automotive application, and others) and region to help readers understand and lucrative evaluate opportunities in the flat panel display market.
Flat Panel Display Market: Segmentation
The global Flat Panel Display market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Technology
- Liquid Crystal Display
- Plasma Display
- Organic Light Emitting Diode Display
- Others
Application
- Consumer Electronics Acquisition
- LCD Television
- Mobile Phone
- Personal Computer
- Automotive
- Others
Region
- North America
- Latin America
- Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa
Table of Content
1. Executive Summary | Flat Panel Display Market
1.1. Research Methodology
1.2. Assumptions Acronyms Used
2. Global Market Overview
2.1. Introduction
2.1.1. Market Taxonomy
2.1.2. Evolution of s
2.1.3. Global Trends in s
2.1.4. Manufacturing Process Overview s
3. Global Market Analysis and Forecast
3.1. Global Market Size (US$ Billion) and Y-o-Y Growth (%), 2013 to 2027.
3.2. Global Market Absolute $ Opportunity, 2013 to 2027 (US$ Billion)
4. Market Dynamics
4.1. Drivers
4.1.1. Economic Drivers
4.1.2. Non-Economic Drivers
4.2. Restraints
4.3. Value Chain Analysis
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