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Flat Panel Display Market is Projected to Hit $189.60 billion by 2026 | Major Players are: G Display Co., Ltd., NEC Corporation, Sharp Corporation, Samsung Electronics Co. Ltd

04-09-2020 12:24 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Flat Panel Display Market

Flat Panel Display Market

Flat Panel Display Market 2019-2026 | Allied Market Research published a report, titled, "Flat Panel Display Market by Technology (OLED, Quantum Dot, LED, LCD, and Others), Application (Smartphone & Tablet, Smart Wearable, Television & Digital Signage, PC & Laptop, Vehicle Display, and Others), and Industry Vertical (Healthcare, Retail, BFSI, Military & Defense, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026." The report provides a detailed analysis of the drivers & opportunities, wavering market trends, competitive market scenario, and market size & estimates. As per the report, the global flat panel display industry was estimated at $116.80 billion in 2018 and is expected to hit $189.60 billion by 2026, registering a CAGR of 6.10% during 2019-2026.

Drivers, restraints and opportunities-

High demand for vehicle displays technology in automotive sector, rise in demand for OLED display devices in smartphones & tablets, and increase in adoption of interactive touch-based devices in education sector fuel the growth of the global flat panel display market. On the other hand, high cost of new display technologies and stagnant growth of desktop PCs, notebook, & tablets curb the growth to some extent. However, surge in adoption of flexible flat panel display is expected to pave the way for a number of opportunities in the industry.

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The LCD segment to retain its dominance till 2026-

Based on technology, the LCD segment contributed to more than three-fifths of the global flat panel display market share in 2018 and is expected to lead the trail during 2019-2026. The fact that several electronic applications such as digital clocks, calculators, and music systems, use LCD display for data visualization has propelled the growth. The QD segment, on the other hand, would showcase the fastest CAGR of 9.8% by 2026. This is attributed to the fact that the quantum dots technology is now used to filter light from LEDs or backlit LCDs instead of using it as an actual display.

The retail segment held the largest share in 2018-

Based on industry vertical, the retail segment generated the major share in 2018, holding nearly one-fifth of the global flat panel display market. Rise in demand for interactive kiosk and interactive table in the retail sector has accentuated the growth. Simultaneously, the automotive segment would cite the fastest CAGR of 10.5% during the study period. This is due to increase in demand for vehicle display in the automotive sector.

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North America to maintain the lion's share-

Based on geography, North America accounted for nearly two-fifths of the global flat panel display market revenue in 2018 and is anticipated to rule the roost till 2026. The continuous advancement and new development in touch screen technologies has augmented the demand for interactive display in this region. Simultaneously, the region across Asia-Pacific would register the fastest CAGR of 9.7% throughout the forecast period. Increase in demand for interactive table, Kiosk, video walls, and touch technology in the region has driven the growth.

Frontrunners in the industry-

NEC Corporation
Sharp Corporation
Sony Corporation
Japan Display Inc.
Samsung Electronics Co. Ltd
G Display Co., Ltd.
AU Optronics Corp.
E ink Holdings Inc.
Panasonic Corporation
Crystal Display Systems Ltd

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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