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Flat Panel Display Market Size 2023 Share, Growth Statistics By Top Key Players Till 2029 | AU Samsung Electronics Co., Ltd., Toshiba Mobile Display Co., Ltd., LG Display Co.
The global flat panel display market is expected to grow at 4.4% CAGR from 2023 to 2029. It is expected to reach above USD 0.40 billion by 2029 from USD 0.27 billion in 2022.Flat Panel Display Market 2023 research report covers obvious information regarding the development rate, market estimates, drivers, limitations, future-based demand, and revenue during the forecast period. The report explores the current outlook in global and key regions from the outlook of players, countries, product types and end industries.
Additionally, technology industry the report provides insights into the regional analysis that refuges different regions, contributing to the growth of the market. The Global Flat Panel Display Market consists of data collected from numerous primary and secondary sources. This information has been verified and validated by the industry analysts, thus provided that significant insights to the researchers, analysts, managers, and other industry professionals. This document further supports in understanding market trends, applications, specifications, and market.
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Who are the Top Players Flat Panel Display Market?
Some of the major companies operating in the global Flat Panel Display market is AU Samsung Electronics Co., Ltd., Toshiba Mobile Display Co., Ltd., LG Display Co., Ltd., Clover Display Limited, Densitron Technologies PLC, Emerging Display Technologies Corp., Chunghwa Picture Tubes Ltd., Optronics Corp., and Chimei Innolux Corporation and Others.
In March 2020, NEC Corporation and Sharp Corporation entered into a joint venture partnership by combining NEC Display Solutions, Ltd. (NDS), a subsidiary of NEC, with Sharp.
In January 2021, Samsung Display, the display manufacturing arm of Samsung Electronics, announced that it will begin mass production of the world's first 90Hz OLED panel. The South Korean company claimed that this display, with a 90Hz refresh rate, will have a high-speed driving performance on par with that of 120Hz LCDs.
Key Market Segments: Global Flat Panel Display Market
Flat Panel Display Market by Technology, 2020-2029, (USD Billion), (Thousand Units)
Oled
Quantam Dot
LED
LCD
Others
Flat Panel Display Market by Industry Vertical, 2020-2029, (USD Billion), (Thousand Units)
Healthcare
Retail
BFSI
Military & Defense
Automotive
Others
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Flat Panel Display Market Dynamics
High demand for vehicle displays technology in the automotive sector Display devices are now widely used in the car sector. In response to this potential, LG Display stated that it will begin production of a head-up display system for the car market. LG's vehicle display gadget is a transparent flexible display that can be wheeled around. The heads-up display may be used in a variety of ways and performs a variety of functions to improve the driving experience. Automotive components such as co-driver display, head-up display, centre information display, rear seat entertainment, and others are included in the car display. OLED screens are the most popular display technology among major vehicle manufacturers.
Increase in demand for OLED display devices in smartphones and tablets Organic LEDs are a very new sort of display technology. This technique eliminates the need for additional illumination. This technique allows for thinner display panels than other technologies used in display devices. This technique is commonly employed in smartphones with OLED screens, which are becoming increasingly popular. Apple, Oppo, Vivo, LG, and Xiaomi have all begun to use OLED panels in recent years. Furthermore, under low-light ambient settings, an OLED may attain a better contrast ratio than other technologies.
High cost of new display technologies Because of their complicated design, the most recent display technologies, such as transparent displays and quantum dot displays, are quite expensive. As a result, the majority of the most advanced display technologies are only available in high-end devices that are prohibitively expensive. This factor is expected to limit the market's growth.
Flat Panel Display Market Regional Insights
North America: The market in North America is expected to grow at a significant rate due to the high adoption of e-commerce and the increasing use of IoT and AI technologies. The U.S. and Canada are expected to be major contributors to the market growth.
Europe: The market in Europe is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for contactless delivery options. The UK, Germany, and France are expected to be major contributors to the market growth.
Asia Pacific: The market in Asia Pacific is expected to grow at a significant rate due to the increasing adoption of e-commerce and the growing demand for Flat Panel Display Market in countries such as China, Japan, and South Korea.
Latin America: The market in Latin America is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Flat Panel Display Market in countries such as Brazil and Mexico.
Middle East and Africa: The market in Middle East and Africa is expected to grow at a moderate rate due to the increasing adoption of e-commerce and the growing demand for Flat Panel Display Market in countries such as Saudi Arabia, UAE, and South Africa.
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TABLE OF CONTENTS
Global Flat Panel Display Market Research Report 2023 - 2029
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Pipeline Analysis
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation
Part 09: Customer Landscape
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers and Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
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