Download Sample, Technological Breakthroughs in Flat Panel Displays are Encouraging the Market Expansion
Technological advancements in flat panel displays are continuing to advance as the industry pursues greater display performance and versatility as well as slimmer designs and improved power consumption. For instance, the development of microLED displays is steadily moving closer to commercialization. However, there are a number of issues with the technology that will take additional time to fix. Due to their high contrast, quick response times, wide viewing angles, wider color gamut, extremely high brightness, higher readability, long lifespan, environmental stability, high resolution, ultra-low power consumption, and options for using a flexible backplane, microLED displays have a strong chance of outperforming TFT LCD and OLED. Additionally, they enable the integration of circuitry and sensors, enabling thin screens to have embedded sensing features like fingerprint recognition and gesture control.
In April 2023, KLA, the global leader in providing leading-edge technology expanded its investments to create a new manufacturing plant in Cheonan, South Korea in order to meet new challenges in yield optimization in display manufacturing. Since many of the components used in production are supplied locally in South Korea, the new Cheonan manufacturing location will also aid in streamlining KLA's operational efficiency and supply chain. The manufacturers have to deal with the challenges of manufacturing OLED displays for automotive and portable computing on larger substrates and the presence of macro-defects. Thus, with ongoing attempts to upgrade technologies like OLED, MiniLED, MicroLED, and Quantum Dot Display, the global display sector will continue to develop.
In April 2023, KLA, the global leader in providing leading-edge technology expanded its investments to create a new manufacturing plant in Cheonan, South Korea in order to meet new challenges in yield optimization in display manufacturing. Since many of the components used in production are supplied locally in South Korea, the new Cheonan manufacturing location will also aid in streamlining KLA's operational efficiency and supply chain. The manufacturers have to deal with the challenges of manufacturing OLED displays for automotive and portable computing on larger substrates and the presence of macro-defects. Thus, with ongoing attempts to upgrade technologies like OLED, MiniLED, MicroLED, and Quantum Dot Display, the global display sector will continue to develop.
Rising Adoption of Flat Panel Displays in Consumer Electronics is Driving the Market Development
Flat panel displays are non-brittle, incredibly thin, light, and rugged. They also require less power to operate. These advantages over traditional television sets have made FPDs popular with customers and helped to boost the flat panel display business. The primary factors driving the increase of the demand for flat panel displays include the rapid expansion of consumer electronics use, escalating technological advancements in high-quality displays, declining display prices, and diverse applications in the video game and entertainment industries. Additionally, the rising adoption of flat panel displays in the automobile sector is anticipated to drive the market for flat panel displays. Automotive components such as the co-driver display, head-up display, center information display, rear seat entertainment, and others are included in the vehicle display in order to enhance the driving experience. In addition to this, the adoption of flat panel displays in the education sector has increased exponentially owing to the surge in virtual classrooms and virtual learning.
Recent Trends in the Flat Panel Display Industry
- Higher resolution with increased pixel density for clearer images.
- Advanced OLED technology offers improved color accuracy and contrast.
- Flexible displays allow for bendable and foldable designs.
- Integrated touch technology offers seamless functionality in panels.
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High Costs, Lack of Skilled Labour & Technical Limitations of Flat Display Panels is Likely to be a Challenge for Market Participants
The expansion of the flat panel display industry is hampered by the expensive price of modern display technologies including quantum dot and transparent displays, as well as the slow pace of development of desktop, notebook, and tablet computers. Over the projected period, the limited view angle of LCDs is anticipated to restrain the growth of the global flat panel display market. Restrictive viewing angles are a significant disadvantage of LCD technologies. As a result, when viewed from all directions, the visuals and brightness on a television screen do not seem in true color. The most recent display technologies, such as transparent displays and quantum dot displays, cost a lot of money because of their intricate designs. As a result, the vast majority of advanced display technologies are only accessible in high-end, excessively priced gadgets. This factor is predicted to restrict market growth. Besides, the lack of skilled labor, complex manufacturing processes, and high costs of raw materials will also hamper the market growth over the forecast period.
New Product Launches & Collaborations Present Lucrative Growth Potential for Flat Panel Display Market
Leading flat panel display manufacturers are adopting advanced and innovative solutions in order to meet the demands of their customers. For instance, by integrating Sharp with NEC Display Solutions, Ltd. (NDS), a division of NEC, a joint venture partnership between NEC Corporation and Sharp Corporation was established in March 2020. Additionally, Samsung Display, the display manufacturing division of Samsung Electronics, announced that the first 90Hz OLED panel in the world will begin commercial production in January 2021.
Furthermore, LG Display has stated that it will be showcasing the most innovative car displays and solutions in January 2023. These innovations will help the company become more competitive in the market, maintain its dominance, and focus more of its efforts on the automotive industry, which both contributes significantly to its order-to-order business and are a potent future growth engine. Earlier in February 2020, Panasonic and WolfVision, a provider of technologies for presentations, teamwork, and information sharing, entered into a cooperation. The major objective of the collaboration was to integrate Wolfvision's Cynap Pure BYOD wireless presentation technology into Panasonic's most recent SQ1 4K screen series.
Furthermore, LG Display has stated that it will be showcasing the most innovative car displays and solutions in January 2023. These innovations will help the company become more competitive in the market, maintain its dominance, and focus more of its efforts on the automotive industry, which both contributes significantly to its order-to-order business and are a potent future growth engine. Earlier in February 2020, Panasonic and WolfVision, a provider of technologies for presentations, teamwork, and information sharing, entered into a cooperation. The major objective of the collaboration was to integrate Wolfvision's Cynap Pure BYOD wireless presentation technology into Panasonic's most recent SQ1 4K screen series.
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Rising Demand for Flat Panel Displays is Accelerating the Market Expansion
The market for flat panel displays in North America is anticipated to grow as government organizations are making efforts to update and modernize the educational system, making it more technologically sophisticated and investing in the purchase of interactive learning tools like flat panel displays and tablets. The development of interactive flat panels as a method of providing interactive content is being encouraged by the growing popularity of e-learning. The development of educational infrastructure and a growing emphasis on adopting modern technology are propelling market expansion in North America. Furthermore, Europe is anticipated to have a large market for flat panel displays. Flat panel displays are increasingly being used in televisions, smartphones, tablets, laptops, and desktop monitors, among other consumer electronics products.
The market will expand as a result of increasing demand for large-screen displays and quick technological adoption in the U.K. Additionally, manufacturers are spending more money on R&D for flat panel displays, which is a crucial development that is anticipated to increase the domestic industry in the near future. In addition to this, new technologies are changing the flat panel display market in the Asia-Pacific region. Due to low manufacturing costs and mass production capabilities, the industry is expanding as a result of rising investments in flat panel display manufacturing facilities in countries like Japan. Japan is considered to be one of the leading countries in the production of flat panel displays. Thus, due to efficient mass production, this nation has a competitive advantage over the forecast period.
The market will expand as a result of increasing demand for large-screen displays and quick technological adoption in the U.K. Additionally, manufacturers are spending more money on R&D for flat panel displays, which is a crucial development that is anticipated to increase the domestic industry in the near future. In addition to this, new technologies are changing the flat panel display market in the Asia-Pacific region. Due to low manufacturing costs and mass production capabilities, the industry is expanding as a result of rising investments in flat panel display manufacturing facilities in countries like Japan. Japan is considered to be one of the leading countries in the production of flat panel displays. Thus, due to efficient mass production, this nation has a competitive advantage over the forecast period.
The report provides a detailed overview of the flat panel display market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the flat panel display market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the flat panel display market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the flat panel display market. Some key countries and regions included in the flat panel display market report are as follows:
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Thailand, Vietnam, Philippines, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Turkey, Morocco, Ethiopia, Algeria, Israel, Iran, Kenya, Rest of MEA |
Flat Panel Display Market Research Report Covers In-depth Analysis on:
- The flat panel displays market detailed segments and segment-wise market breakdown
- Flat panel display market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in flat panel display industry)
- Current, historical, and forthcoming 10 years market valuation in terms of flat panel display market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Flat panel display market demand analysis
- Flat panel display market pricing analysis over the forecast period (by key segment and by region)
- The flat panel displays market regional insights with the region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in the flat panel display market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in flat panel display market
- Flat panel display market sales and distribution strategies
- A comprehensive overview of the parent market
- A detailed viewpoint on flat panel display market forecast by countries
- Mergers and acquisitions in flat panel display market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What are the key growth drivers of the flat panel display market?
The flat panel display market is driven by technological advancements, rising demand for high-resolution screens, increasing adoption in consumer electronics, and growing applications in the automotive, healthcare, and industrial sectors.
Which regions dominate the flat panel display market?
Asia-Pacific holds a strong position due to its robust manufacturing base, followed by North America and Europe, which see rising adoption in automotive, smart devices, and industrial applications.
What is the future outlook for the flat panel display market?
The market is expected to witness steady growth with increasing demand for energy-efficient, high-resolution, and flexible display technologies, along with expanding applications in smart homes, automotive, and wearable devices.
