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 2021 – 2028
The flat panel display market was valued at USD 148.4 billion in 2020 and is projected to reach USD 177.1 billion by 2028, expanding at a CAGR of 3.6% during the forecast period, 2021 – 2028. 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.
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 the 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 |
2019 |
|
Historic Data |
2017–2018 |
|
Forecast Period |
2020–2027 |
|
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
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.
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.
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.
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.
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 (000’ 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.
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 (000’ 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.
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
- 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.
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