Flat Panel Display Market worth USD 191.4 billion by 2027

The Market Statsville Group (MSG) publishes the new report on the "Flat Panel Display Market by Application (Smartphone & Tablet, Smart Wearable, Television, and Digital Signage, PC & Laptop, Vehicle Display, and Others), by Technology (OLED, Quantum Dot, LED, LCD, and Others), by Industry Vertical (Healthcare, Retail, BFSI, Military & Defense, Automotive, and Others), by Region – Global Share and Forecast to 2027". The global flat panel display market size is expected to grow from USD 134.2 billion in 2020 to USD 191.4 billion by 2027, at a CAGR of 6.1% during the forecast period.  Organic LEDs are a new type of display technology on the market. Separate backlighting is no longer required thanks to this technology. This technique allows for thinner display panels than other technologies that are used in display devices. This technology is widely used in smartphones that boast OLED screens and are rapidly becoming more prevalent. Major players like Apple, Oppo, Vivo, LG, and Xiaomi also started using OLED displays in the last few years. Additionally, when in low light ambient conditions in the room, an OLED can achieve a higher contrast ratio than other technology.

Global Flat Panel Display Market Segmentation

The overall flat panel display market has been segmented into the application, technology, industry vertical, and region.

• By Application (Smart Wearable, Television, and Digital Signage, Smartphone & Tablet, PC & Laptop, Vehicle Display, and Others)
• By Technology (Quantum Dot, LED, OLED, LCD, and Others)
• By Industry Vertical (Retail, BFSI, Healthcare, Military & Defense, Automotive, and Others)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Television and digital signage, by application, is estimated to hold the largest market share during the forecast period

By application, the market is categorized into smartphones & tablets, smart wearables, television & digital signage, pc & laptop, vehicle display, and others. The television and digital signage segment was the highest contributor, with 25.5% of the market share in 2020. Television is an electronic broadcast medium, which transmits electric signals into moving images with sound. These devices provide two- or three-dimensional images using OLED and LCDs. These are flat panels that use an array of light-emitting diodes as pixels for video presentation.

Modern televisions or OLED displays are capable of providing general illumination, in addition to visual display. Digital signage, also known as dynamic signage, is an electronic display that advertises contents, broadcast data, television programming, and other content. Digital signs use various display technologies, including LED and LCD, to provide the output in an image. Digital signages are majorly used in private institutions and public places such as retail outlets, restaurants, and corporate environments. Digital signs depend majorly on hardware components to ensure the delivery of high-quality content.

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North America accounts for the largest market share in the flat panel display market 2020

The global flat panel display market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa based on the regions. In 2020, North America accounted for the highest market share of 36.3% in the global flat panel display market and was anticipated to maintain its dominance throughout the forecast period. The countries considered in the North American region are the U.S., Canada, and Mexico. North America holds is the largest share in the region for display technology, owing to the rise in demand for mobile phones, tablets, and gaming applications. In addition, the rise in adoption of a touch screen display in government and education sectors drives the market growth. The U.S. is the major revenue generator of the flat panel display market in this region.

New developments in touch screen technologies have shifted from single touch screens to sensitive multitouch screens—continuous advancements in display technology help to improve the quality of touch screens. Innovation in touch screen displays is the key driver expected to boost the market growth during the forecast period.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the flat panel display market. It also consists of leading companies such as LG Display Co. Ltd., AU Optronics, Sony Corporation, NEC Corporation, Crystal Display Systems, Japan Display Inc., Samsung Electronics Co. Ltd., Panasonic Corporation, and E Ink Holdings Inc. These market players have focused on acquisitions and expansion to gain a larger market share in the flat panel display market.

Browse complete report: https://www.marketstatsville.com/flat-panel-display-market

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