TFT LCD Panel Market: Trends, Growth Drivers, and Investment Insights
According to the IMARC Group, the global TFT LCD panel market reached a value of US$ 150.2 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
A thin-film transistor (TFT) is used with liquid crystal display (LCD) to improve contrast and overall image quality. Each pixel in a TFT LCD has a transistor, which offers excellent control over images and the colors it renders. As a result, it is used in smartphones, televisions, handheld video game systems, computer monitors and GPS navigation systems across the globe.
Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
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Market Trends:
The boosting sales of consumer electronics represent one of the major factors driving the TFT LCD panel market growth. TFT LCD panels find application in small, medium and large display devices. The escalating demand for large and 4K televisions on account of improving standards of living and inflating disposable incomes is further impelling the market growth. Furthermore, the reducing thickness of LCD glass substrates and the rising popularity of LCDs are expected to provide lucrative opportunities for key vendors to expand their consumer base in the upcoming years.
For more information about this report visit: https://www.imarcgroup.com/tft-lcd-panel-manufacturing-plant
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Market Breakup by Size
· Large Size TFT-LCD Display Panel
· Medium and Small Size TFT-LCD Display Panel
Market Breakup by Application
· Television
· Mobile Phones
· Mobile PCs
· Monitors
· Automotive
· Others
Market Performance of Key Regions
· North America
· Asia Pacific
· Europe
· Middle East and Africa
· Latin America
Some of the major players operating in the industry include:
LG Electronics Inc. (KRX: 066570)
Samsung Electronics Co., Ltd. (SSNLF)
INNOLUX (TPE: 3481)
AU Optronics Corp. (OTCMKTS: AUOTY)
SHARP (OTCMKTS: SHCAY)
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