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Flat Panel Display Market: Current and Future Growth Analysis
Flat Panel Display Market
As per the report, the flat panel display market size has grown strongly in recent years. It will grow from $129.63 billion in 2023 to $138.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The flat panel display market size is expected to see strong growth in the next few years. It will grow to $179.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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Automotive Industry Growth Fuels Demand For Flat Panel Displays
The rising automotive industry is expected to propel the growth of the flat panel display market going forward. The automotive industry encompasses designing, manufacturing, marketing, and selling motor vehicles, including cars, trucks, and motorcycles. The automotive industry is rising due to technological advancements, increasing demand for electric and autonomous vehicles, and global economic growth. Flat panel displays in the automotive sector serve as instrumental components for infotainment systems, providing drivers and passengers with intuitive interfaces for navigation, entertainment, and vehicle diagnostics, enhancing the overall driving experience and safety. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based association, in 2022, 85.4 million motor vehicles were produced around the world, an increase of 5.7% compared to 2021. Therefore, the rising automotive industry is driving the growth of the flat panel display market.
Advancements In The AI-enabled Flat Panel Display Market
Major companies operating in the flat panel display market are developing innovative products such as artificial intelligence (AI)-enabled interactive flat panels to better serve customers with advanced features. AI-enabled interactive flat panels are display screens with artificial intelligence capabilities, allowing users to interact seamlessly with digital content through touch, gesture, or voice commands. For instance, in May 2023, MAXHUB, a Netherlands-based provider of communication and audio-visual technologies, launched an AI-enabled V6 Series of interactive flat panels. The V6 series consists of transcendent and classic interactive flat panels in sizes ranging from 55 to 86 inches. These panels boast cutting-edge audio-visual capabilities powered by artificial intelligence to improve communication in both corporate and educational settings. The V6 series, which includes seamless screen sharing, powerful whiteboard features, and exceptional audio-visual performance, is designed to meet various collaboration and learning demands.
The flat panel display market covered in this report is segmented -
1) By Technology: Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), Light Emitting Diode (LED), Quantum Dot, Other Technologies
2) By Screen Size: Small Screen, Medium Screen, Large Screen
3) By Application: Smartphone And Tablet, Television And Digital Signage, Personal Computer (PC) And Laptop, Vehicle Display, Smart Wearable, Other Applications
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Major companies operating in the flat panel display market are Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc., NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., Tokyo Electron Limited, TCL Display Technology Holdings Limited, AU Optronics Corporation, Innolux Corp, Japan Display Inc., Planar Systems Inc., BenQ Corporation, Densitron Technologies Plc., Hannstar Display Corporation, Emerging Display Technologies Corporation, Novaled AG, Crystal Display Systems Ltd
Contents of the report:
1. Executive Summary
2. Flat Panel Display Market Report Structure
3. Flat Panel Display Market Trends And Strategies
4. Flat Panel Display Market - Macro Economic Scenario
5. Flat Panel Display Market Size And Growth
…..
27. Flat Panel Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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