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Flat Panel Display Market

Flat Panel Display Market Size, Share & Industry Analysis, By Technology (Liquid Crystal Display (LCD), Organic Light-Emitting Diode (OLED), Plasma Display Panel (PDP), Field Emission Display (FED), Electroluminescent Display (ELD), MicroLED), By Display Size (<10 Inch, 10-20 Inches, 20-30 Inches, 30-40 Inches, Others), By Application (Smartphone, Television, Laptop, Vehicle Display, Others), By End-User (Consumer Electronics, Commercial, Industrial, Automotive, Healthcare, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Share, Size, Outlook, and Opportunity Analysis, 2024-2031.

Report Code: SEM001102
Report Format: PDF + PPT + Excel
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Report Description

Market Overview:

The global Flat Panel Display market is expected to develop at a CAGR of 6.8% from 2024 to 2031. In 2024, the market value was USD 135.2 billion, and it is predicted to increase significantly by 2031.

Asia-Pacific dominates the market, with key metrics showing robust growth in the OLED and MicroLED categories. The industry is growing rapidly, driven by rising demand for high-resolution displays in smartphones, televisions, and automobiles.

 

Flat Panel Display Market Dynamics:

Rising demand for advanced display technologies in automotive and healthcare sectors drives market growth

The incorporation of superior display technology into modern cars and medical equipment has generated significant business prospects. Over the last two years, the automotive industry has seen a YY% growth in display integration, with head-up displays and digital cockpits becoming standard features in premium vehicles. The healthcare sector's adoption of high-resolution screens for diagnostic imaging has increased by 38% per year, greatly contributing to market growth.

 

Increasing investments in MicroLED technology reshape competitive landscape

Over the last 18 months, the MicroLED segment has received investments totaling more than USD YY billion. Major consumer electronics manufacturers are expanding their production capacity, with top companies investing considerably in R&D. MicroLED adoption in smartphones has increased by 28% year on year, while premium display panel shipments in televisions have increased by YY%.

 

Supply chain disruptions and high manufacturing costs impact market growth

Material shortages and higher production costs have resulted in a 15% increase in display panel prices. Manufacturing challenges, especially in sophisticated technologies such as MicroLED and OLED, have resulted in longer production cycles and lower yield rates, limiting market expansion.

 

Segment Overview:

The OLED segment dominates the market, accounting for 35% of the total market share in 2024.

The OLED technology market has grown significantly, owing to its improved display quality and energy efficiency. Consumer electronics manufacturers have expanded their use of OLED panels by 42% in premium smartphones and 38% in high-end televisions. Samsung Electronics announced a 25% increase in OLED panel production capacity, while LG Display invested USD 3.1 billion to expand its OLED manufacturing facilities.


The automobile sector has emerged as a significant growth driver for OLED displays, with premium car usage increasing by 55% year on year. The technology's flexibility and improved contrast ratios have resulted in a 30% rise in use in curved dashboard displays and entertainment systems. Major automakers have reported using OLED screens in more than 60% of their premium vehicle lineups.

 

Regional Outlook:

Asia-Pacific leads the global flat panel display market, controlling YY% of the global market share.

The region's dominance is due to the existence of big manufacturing plants and a strong technological infrastructure. South Korea and China together account for YY% of the worldwide display panel production capacity. Recent investments of over USD 8.5 billion in new industrial facilities around the region have improved its market position.
Japanese display manufacturers reported a 28% rise in high-resolution panel shipments. China's BOE Technology Group increased its market share by 15% through aggressive capacity growth.


The region has seen the emergence of three large display manufacturing clusters, providing over 25,000 specialized jobs in the industry.
Taiwan's display panel exports climbed by 32% year on year, mostly due to rising demand from European and North American markets.

 

Competitive Intelligence:

The market landscape is characterized by fierce competition among prominent players centered on technological innovation and capacity expansion. LG Display and Samsung Display together account for 40% of the global market share. Recent significant breakthroughs include AU Optronics' USD 2.7 billion investment in next-generation display technologies and Sharp Corporation's partnership with Apple on advanced display development. Major players have boosted their R&D spending by an average of 25% every year. In the last 18 months, the industry has seen five big mergers and acquisitions, which have consolidated technological capabilities and market share.

 

Analyst Opinion:

The flat panel display business is undergoing a transformation as MicroLED technology emerges and is increasingly used in automotive applications. The transition to flexible and foldable displays gives a substantial opportunity for industry growth. Healthcare and industrial applications are projected to be significant development drivers in the coming years.

 

Major Players:

  • Samsung Electronics Co., Ltd.
  • LG Display Co. Ltd.
  • AU Optronics Corp.
  • Sharp Corporation
  • Japan Display Inc.
  • Innolux Corp.
  • Universal Display Corporation
  • Sony Corporation
  • Panasonic Corporation

 

Key Developments:

  • March 2024: Samsung Electronics unveiled next-generation QD-OLED technology with enhanced brightness and energy efficiency
  • January 2024: LG Display announced a USD 3.6 billion investment in MicroLED production facilities
Table of Content

1. INTRODUCTION

   1.1. Market Definitions & Study Assumptions

   1.2. Market Research Scope & Segment

   1.3. Research Methodology

 

2. EXECUTIVE SUMMARY

   2.1. Market Overview & Insights

   2.2. Segment Outlook

   2.3. Region Outlook

 

3. COMPETITIVE INTELLIGENCE

   3.1. Companies Financial Position

   3.2. Company Benchmarking Key Players

   3.3. Market Share Analysis Key Companies

   3.4. Recent Companies Key Activities

   3.5. Pricing Analysis

   3.6. SWOT Analysis

 

4. COMPANY PROFILES (Key Companies list by Country) (Premium)

 

5. COMPANY PROFILES

   5.1. Samsung Electronics Co., Ltd.

   5.2. LG Display Co. Ltd.

   5.3. AU Optronics Corp.

   5.4. Sharp Corporation

   5.5. Japan Display Inc.

   5.6. Innolux Corp.

   5.7. Universal Display Corporation

   5.8. Sony Corporation

   5.9. Panasonic Corporation (*LIST NOT EXHAUSTIVE)

 

6. MARKET DYNAMICS

   6.1. Market Trends

      6.1.1. Rising demand for advanced display technologies in automotive and healthcare sectors drives market growth

      6.1.2. Integration of AI and IoT in display manufacturing processes

      6.1.3. Growing adoption of flexible and foldable displays

   6.2. Market Drivers

      6.2.1. Increasing investments in MicroLED technology reshape competitive landscape

      6.2.2. Rising demand for high-resolution displays in gaming and entertainment

      6.2.3. Growing adoption of digital signage in commercial sectors

   6.3. Market Restraints

      6.3.1. Supply chain disruptions and high manufacturing costs impact market growth

      6.3.2. Technical challenges in large-scale MicroLED production

   6.4. Market Opportunities

   6.5. Porter's Five Forces Analysis

      6.5.1. Threat of New Entrants

      6.5.2. Bargaining Power of Buyers/Consumers

      6.5.3. Bargaining Power of Suppliers

      6.5.4. Threat of Substitute Products

      6.5.5. Intensity of Competitive Rivalry

   6.6. Supply Chain Analysis

   6.7. Value Chain Analysis

   6.8. Trade Analysis

   6.9. Pricing Analysis

   6.10. Regulatory Analysis

   6.11. Patent Analysis

   6.12. SWOT Analysis

   6.13. PESTLE Analysis

 

7. BY TECHNOLOGY (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%) 2020-2031)

   7.1. Liquid Crystal Display (LCD)

      7.1.1. TFT-LCD

      7.1.2. IPS-LCD

   7.2. Organic Light-Emitting Diode (OLED)

      7.2.1. PMOLED

      7.2.2. AMOLED

   7.3. Plasma Display Panel (PDP)

   7.4. Field Emission Display (FED)

   7.5. Electroluminescent Display (ELD)

   7.6. MicroLED

 

8. BY DISPLAY SIZE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%) 2020-2031)

   8.1. <10 Inch

   8.2. 10-20 Inches

   8.3. 20-30 Inches

   8.4. 30-40 Inches

   8.5. Others

 

9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%) 2020-2031)

   9.1. Smartphone

   9.2. Television

   9.3. Laptop

   9.4. Vehicle Display

   9.5. Others

 

10. BY END-USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%) 2020-2031)

    10.1. Consumer Electronics

    10.2. Commercial

    10.3. Industrial

    10.4. Automotive

    10.5. Healthcare

    10.6. Others

 

11. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%) 2020-2031)

    11.1. North America

        11.1.1. United States

        11.1.2. Canada

        11.1.3. Mexico

    11.2. South America

        11.2.1. Brazil

        11.2.2. Argentina

        11.2.3. Rest of South America

    11.3. Europe

        11.3.1. Germany

        11.3.2. United Kingdom

        11.3.3. France

        11.3.4. Italy

        11.3.5. Spain

        11.3.6. Russia

        11.3.7. Rest of Europe

    11.4. Asia-Pacific

        11.4.1. China

        11.4.2. Japan

        11.4.3. India

        11.4.4. Australia

        11.4.5. South Korea

        11.4.6. Rest of Asia-Pacific

    11.5. Middle-East

        11.5.1. UAE

        11.5.2. Saudi Arabia

        11.5.3. Turkey

        11.5.4. Rest of Middle East

    11.6. Africa

        11.6.1. South Africa

        11.6.2. Egypt

        11.6.3. Rest of Africa

 

*NOTE: All the region mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%) 2020-2031)

Scope of the Report

By Technology:

  • Liquid Crystal Display (LCD)
  • Organic Light-Emitting Diode (OLED)
  • Plasma Display Panel (PDP)
  • Field Emission Display (FED)
  • Electroluminescent Display (ELD)
  • MicroLED

By Display Size:

  • <10 Inch
  • 10-20 Inches
  • 20-30 Inches
  • 30-40 Inches
  • Others

By Application:

  • Smartphone
  • Television
  • Laptop
  • Vehicle Display
  • Others

By End-User:

  • Consumer Electronics
  • Commercial
  • Industrial
  • Automotive
  • Healthcare
  • Others

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