Flat Panel Display Market Size, Share & Growth Report | 2031

Segments - Flat Panel Display Market by Technology (OLED, Quantum Dot, LED, LCD, and Others), Applications (Smartphones & Tablets, Smart Wearables, Television and Digital Signage, PC & Laptops, Vehicle Displays, and Others), Industry Verticals (Healthcare, Retail, BFSI, Military & Defense, Automotive, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The flat panel display market size was valued at USD 159.28 Billion in 2022 and is projected to reach USD 218.98 Billion by 2031 , expanding at a CAGR of 3.6% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing number of technological advancements across the globe.

Flat panel display is an electronic device that projects information such as images, videos, texts, and other visual content. It is far lighter and thinner than traditional cathode ray tube television set. Flat panel displays utilize numerous technologies such as light emitting diode (LED), liquid crystal display (LCD), and organic light emitting diode (OLED). These displays are mostly utilized in consumer electronic devices such as TVs, laptops, tablets, smart watches, and smartphones.

Flat panel displays are non-brittle, extremely thin, lightweight, and requires less power than conventional television sets. The emergence of advanced technologies has made panel displays to in several industry verticals, which include consumer electronics, retail, sports & entertainment, and transportation.

Flat Panel Display Market Trends, Drivers, Restraints, and Opportunities

Increasing use of LED displays for video wall, TVs, and digital signage applications drives the market growth.
Rising technological advancements has increased flat panel displays penetration in the video games and entertainment industry, which spurs the growth of the market.
Declining demand for displays from retail sector due to drastic shift toward online advertisement and shopping can impede the market growth.
Growing demand for display-based medical equipment due to the COVID-19 pandemic, which includes ventilators and respirators, is one of the key driving factors for the flat panel display market.
The hindrance in supply chain and manufacturing processes due to the pandemic impacted the growth of the market.
Growing adoption of foldable and flexible displays is expected to provide the industry with potential growth opportunities during the forecast period.

Scope of Flat Panel Display Market Report

The report on the flat panel display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Flat Panel Display Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Technology (OLED, Quantum Dot, LED, LCD, and Others), Applications (Smartphones & Tablets, Smart Wearables, Television and Digital Signage, PC & Laptops, Vehicle Displays, and Others), Industry Verticals (Healthcare, Retail, BFSI, Military & Defense, Automotive, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered	LG Display Co., Ltd., SAMSUNG, Sharp Corporation, Japan Display Inc., Sony Electronics Inc., NEC Display Solutions, Ltd., Panasonic Corporation, AU Optronics Corp., E Ink Holdings Inc., Crystal Display Systems Ltd, Emerging Display Technologies, Innolux Corporation, UNIVERSAL DISPLAY, Clover Display Limited, Desintron UK Ltd, Chunghwa Picture Tubes, Ltd., and BOE Technology

Flat Panel Display Market Segment Insights

Technology Segment Analysis

In terms of technology, the market is divided into OLED, quantum dot, LED, LCD, and Others. The LED segment is estimated to hold a significant share in the technology segment as LCD manufacturers are innovating the LED product line to sustain in the market. However, the OLED has various advantages over conventional display technologies such as its lightweight and flexible structure, enabling it to gain a major advantage over other segments.

Applications Segment Analysis

Based on applications, the market is divided into smartphones & tablets, smart wearables, television and digital signage, PC & laptops, vehicle displays, and others. The smartphones & tablets segment is estimated to hold a large share of the market during the forecast period.

The use of flat panel displays provides high quality, large size, and high resolution, which propels the demand for flat panel displays in this segment. The televisions and digital signage segment dominated the global flat panel display market in 2020, in terms of revenue. On the other hand, the PC & laptop segment is anticipated to exhibit a CAGR of around 8% during the forecast period.

Industry Verticals

On the basis of industry verticals, the market is segregated into healthcare, retail, BFSI, military & defence, automotive, and others. The automotive segment is anticipated to account for significant market share during the forecast period owing to demand for connected cars across the globe.

Regional Analysis

In terms of regions, the market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to witness an impressive growth rate in the flat panel display market during forecast period. On the other hand, North America dominated the flat panel displays market in 2020 due to the adoption of advanced technologies coupled with the rising sale of flat panel displays in the corporate sector.

Segments

The global flat panel display market has been segmented on the basis of

Technology

OLED
Quantum Dot
LED
LCD
Others

Application

Smartphones & Tablets
Smart Wearables
Television and Digital Signage
PC & Laptops
Vehicle Displays
Others

Industry Vertical

Healthcare
Retail
BFSI
Military & Defense
Automotive
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players Covered

LG Display Co. Ltd.
SAMSUNG
Sharp Corporation
Japan Display Inc.
Sony Electronics Inc.
NEC Display Solutions Ltd.
Panasonic Corporation
AU Optronics Corp.
E Ink Holdings Inc.
Crystal Display Systems Ltd.
Emerging Display Technologies
Innolux Corporation
UNIVERSAL DISPLAY
Clover Display Limited
Desintron UK Ltd
Chunghwa Picture Tubes Ltd.
BOE Technology

Competitive Landscape

The major players covered in the flat panel displays market are LG Display Co., Ltd., SAMSUNG, Sharp Corporation, Japan Display Inc., Sony Electronics Inc., NEC Display Solutions, Ltd., Panasonic Corporation, AU Optronics Corp., E Ink Holdings Inc., Crystal Display Systems Ltd, Emerging Display Technologies, Innolux Corporation, UNIVERSAL DISPLAY, Clover Display Limited, Desintron UK Ltd, Chunghwa Picture Tubes, Ltd., and BOE Technology.

Companies are engaging in partnerships, collaborations, and expanding their product offerings to expand their market share.

Flat Panel Display Market Keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flat Panel Display Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Flat Panel Display Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Flat Panel Display Market - Supply Chain
  4.5. Global Flat Panel Display Market Forecast
     4.5.1. Flat Panel Display Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Flat Panel Display Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Flat Panel Display Market Absolute $ Opportunity
5. Global Flat Panel Display Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Flat Panel Display Market Size and Volume Forecast by Applications
     5.3.1. Smartphones & Tablets
     5.3.2. Smart Wearables
     5.3.3. Television and Digital Signage
     5.3.4. PC & Laptops
     5.3.5. Vehicle Displays
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Flat Panel Display Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Flat Panel Display Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Flat Panel Display Demand Share Forecast, 2019-2026
7. North America Flat Panel Display Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Flat Panel Display Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Flat Panel Display Market Size and Volume Forecast by Applications
     7.4.1. Smartphones & Tablets
     7.4.2. Smart Wearables
     7.4.3. Television and Digital Signage
     7.4.4. PC & Laptops
     7.4.5. Vehicle Displays
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Flat Panel Display Demand Share Forecast, 2019-2026
8. Latin America Flat Panel Display Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Flat Panel Display Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Flat Panel Display Market Size and Volume Forecast by Applications
     8.4.1. Smartphones & Tablets
     8.4.2. Smart Wearables
     8.4.3. Television and Digital Signage
     8.4.4. PC & Laptops
     8.4.5. Vehicle Displays
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Flat Panel Display Demand Share Forecast, 2019-2026
9. Europe Flat Panel Display Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Flat Panel Display Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Flat Panel Display Market Size and Volume Forecast by Applications
     9.4.1. Smartphones & Tablets
     9.4.2. Smart Wearables
     9.4.3. Television and Digital Signage
     9.4.4. PC & Laptops
     9.4.5. Vehicle Displays
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Flat Panel Display Demand Share Forecast, 2019-2026
10. Asia Pacific Flat Panel Display Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Flat Panel Display Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Flat Panel Display Market Size and Volume Forecast by Applications
     10.4.1. Smartphones & Tablets
     10.4.2. Smart Wearables
     10.4.3. Television and Digital Signage
     10.4.4. PC & Laptops
     10.4.5. Vehicle Displays
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Flat Panel Display Demand Share Forecast, 2019-2026
11. Middle East & Africa Flat Panel Display Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Flat Panel Display Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Flat Panel Display Market Size and Volume Forecast by Applications
     11.4.1. Smartphones & Tablets
     11.4.2. Smart Wearables
     11.4.3. Television and Digital Signage
     11.4.4. PC & Laptops
     11.4.5. Vehicle Displays
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Flat Panel Display Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Flat Panel Display Market: Market Share Analysis
  12.2. Flat Panel Display Distributors and Customers
  12.3. Flat Panel Display Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. LG Display Co. Ltd.
     12.4.2. SAMSUNG
     12.4.3. Sharp Corporation
     12.4.4. Japan Display Inc.
     12.4.5. Sony Electronics Inc.
     12.4.6. NEC Display Solutions Ltd.
     12.4.7. Panasonic Corporation
     12.4.8. AU Optronics Corp.