LCD Panel Market Growth with Worldwide Industry Analysis to 2028

From: Fact.MR
Published: Wed Jul 31 2019


The Liquid Crystal Display (LCD)-enabled electronic devices, such as television, mobile phones and others, is creating potential opportunities for the LCD panel market. In the past couple of years, LCD panels have gained popularity owing to their advanced properties that include less power consumption, compact size and low price. Moreover, over the past two decades, the LCD technology of has made impressive progress. The electronic displays available at present make use of a wide variety of active LCD panels. The LCD panel market is one of the significantly growing markets due to the increasing demand for LCD displays & low power consumption electronic goods, as well as increase in the demand for touch-enabled displays.

An LCD panel is designed to project on-screen information. At present, LCD panels are suited with high-mobility electronic equipment. LCDs with improved video quality are gaining momentum in all developed and developing economies. These factors are projected to propel the global LCD panel market.

LCD Panel Market: Drivers and Challenges

The major growth drivers of the LCD panel market include an increase in the demand for energy-efficient electronic products as well as for larger and 4K televisions. Furthermore, growth in the demand for energy-efficient electronic devices is surging the global LCD panel market. Demand for high-quality screens, coupled with improving standards of living and inflating disposable income, are among key factors boosting the LCD Panel market. In addition, increase in the adoption of consumer electronic devices is projected to drive the global LCD panel market.

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However, one of the major challenges of the LCD panel market are the higher cost and thickness of the display of these devices as compared to other modules. The LCD panel market is expected to witness sluggish and unpredictable growth owing to a quantitative decline in the number of LCD displays. Moreover, financial uncertainty and macroeconomic situations around the world, such as fluctuating currency exchange rates and economic difficulties, are some of the major factors hindering the growth of the LCD panel market. However, increased competition from alternative technologies and LCD panel complex structure is likely to limit the growth of the LCD panel market.

LCD Panel market: Segmentation

Global LCD panel market can be segmented as:

Segmentation of the LCD Panel market on the basis of panel size:

Large Size LCD Panel
Small Size LCD Panel
Medium Size LCD Panel
Due to an increase in the demand for large LCD displays, the large size LCD panel sub-segment is expected to register double-digit growth rate in the global market. In addition, due to an increase in the demand for portable electronic devices, the small size LCD panel sub-segment is projected to be the most attractive market sub-segment of the global LCD panel market.

Segmentation of the LCD Panel market on the basis of Application:

Televisions
Smart Phones & Tablets
Desktops & Laptops
Wearable Devices
Other Applications
The smart phones and tablets sub-segment held the largest market share for the LDC panel market in 2017, and the wearable devices sub-segment is expected to grow with a high CAGR during the forecast period.

Competition Landscape

Key Players

Some of the major players of the global LCD panel market include AU Optronics, Samsung Display, Innolux, LG Display, HannsTouch Solution, InfoVision Optoelectronics, Sharp, Panasonic, CPT Corporation and BOE Technology Group Co.

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Regional Overview

At present, North America holds the largest market share for the LCD panel market due an increase in the demand for consumer electronic devices. Due to the presence of key LCD panel manufacturers in China and Japan, Asia Pacific is expected to become the prominent region for the LCD panel market. In addition, the unorganized market of LCD panels in China, Japan and India is creating a competitive environment for global LCD panel manufacturers. Moreover, Europe is the fastest-growing market for LCD panels due to an increase in the adoption of consumer electronics devices. The demand for LCD panels has risen dramatically over the past 12 months globally. The usage of LCD displays in various industries in these regions is boosting the LCD panel market.

The report covers exhaustive analysis on:

LCD Panel market Segments
Market Dynamics of LCD Panel market
Historical Actual Market Size, 2013 - 2017
Market Size & Forecast 2018 to 2028
Value Chain of LCD Panel market
Market Current Trends/Issues/Challenges
Competition & Companies involved
Market Drivers and Restraints
Regional analysis for LCD Panel market includes development of LCD Panel in the following regions:

North America LCD Panel Market
U.S.
Canada
Latin America LCD Panel Market
Brazil
Mexico
Argentina
Chile
Peru
Rest of Latin America
Europe LCD Panel Market
EU 4 (Germany, France, Italy, Spain)
UK
BENELUX (Belgium, Netherlands, Luxemburg)
NORDIC (Norway, Denmark, Iceland, Sweden)
Eastern Europe (Poland, Ukraine, Czech Rep. etc.)
Rest of Europe
CIS & Russia LCD Panel Market
Japan LCD Panel Market
APEJ LCD Panel Market
Greater China
India
Korea
ASEAN Countries
Rest of APEJ
Middle East and Africa LCD Panel Market
GCC Countries
Turkey
Iran
Israel
South Africa
Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation of LCD Panel market
Recent industry trends and developments in LCD Panel market
Competitive landscape of LCD Panel market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint

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