Home » LED News, Trends, Applications » Global flat panel display market to reach US$135,000 mn by 2020

Global flat panel display market to reach US$135,000 mn by 2020

Global flat panel display market to reach US$135,000 mn by 2020

May 25, 2017: The global flat panel display market, which was valued at US$ 97,000 million in 2014, is expected to reach US$ 135,000 million by 2020, reflecting a CAGR of 5.8% during the forecast period 2015–2020.

Increasing demand for smart phones, better quality television, and demand for monitors in automotive segment are some of the driving factors for FPD market growth. In addition, strong presence of manufacturers in APAC countries such as China, Korea, Taiwan, and Japan is expected to boost the market growth.

Market segmentation

FMI Has classified Global Flat Panel Display Market into technology, application and region. On the basis of technology, FPD market is segmented into Liquid crystal Display (LCD), Plasma Display (PDP), Organic Light Emitting Diode Display (OLED) and others (FED, ELD, etc.).

Also Read: OLED displays to reach $16 bn in 2016 & $57 bn in 2026

LCD technology dominated the FPD market and had half of market share in 2014. However, OLED technology is expected to exhibit the fastest CAGR over the forecast period, 2015–2020. The application market is segmented into consumer electronics, automotive, and others (healthcare, defence & military, etc.). Consumer electronics application market is sub-segmented into mobile phone, TV and PC. Among all aforementioned applications, consumer electronics application segment dominated the market and accounted for over 70% market share in 2014, followed by automotive, which had over 20% share of global FPD market. Additionally, automotive application is expected to be the fastest growing segment during the forecast period, 2015–2020.

Key regions

Geographically, the global FPD market is classified into five regions, which includes Americas, Europe, Asia – Pacific (excluding Japan), Japan as a separate region and Middle East & Africa. APAC market is sub-segmented into China, Korea and Taiwan. Among all regions, Asia – Pacific region dominated the market with over 2/3rd of global FPD market in 2014. Further, the region is projected to expand at a growth rate of 6% from 2015 – 2020. China’s FPD market is expected to drive the APAC market growth. Japan is the second largest market with over 10.0% market share in 2014. Americas and Europe region together holds small market share in 2014 but expected to show significant growth rates in forecast period, 2015 – 2020.

Key players

Key players in the market include Panasonic Corporation, Sony Corporation, LG Display Co. Ltd., Emerging Display Technologies Corp., Innolux Corp., Sharp Corporation, Japan Display Inc., Samsung Electronics Co. Ltd., Universal Display Corporation and AU Optronics Corporation. Besides, the existence of some new players, global FPD market dominated by leading players as mentioned above. These companies are expected to dominate the market in near future.

Pin It

Leave a Reply

Your email address will not be published. Required fields are marked *