Global TFT LCD Market Worth US$ 120 Billion

The demand for TFT LCDs is on the rise mainly due to an increasing demand of consumer electronics like - LCD TVs, PCs, laptops, cell phones, laser pointer astronomy, navigation equipment, medical equipment, SLR cameras, digital photo frames, etc.

TFT (Thin Film Transistor) is an active-matrix LCD with an improved image quality where one transistor for every pixel controls the illumination of the display. TFT LCD panels are less prone to reflection, provide much wider display interface and are light in weight. TFT technology currently represents the most popular LCD display technology and accounts for the majority of the shares of the global display market. The demand for TFT LCDs is on the rise mainly due to a growing penetration of average sized as well as large sized flat panel TVs, portable tablets and other consumer electronics like PCs, laptops, cell phones, laser pointer astronomy, navigation equipment, medical equipment, SLR cameras, digital photo frames, etc. The emerging gaming industry and increasing trend of 3D cinema is also driving the demand of TFT LCDs. According to IMARC Group, a leading market research company based in India, the global TFT LCD market has grown at a CAGR of around 3.6% during 2008-2015, reaching a market value of around US$ 120 billion in 2015.

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IMARC’s latest study “TFT LCD Panel Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” has segmented the global TFT LCD market on the basis of size, technology, application and region. On the basis of size, large sized panels (> 10”) dominated the global TFT-LCD display panels market accounting for majority of the shares of its market. Large sized panels were followed by the medium and small sized TFT-LCD panels (< 10”). Based on technology, the market is segmented into 8th generation and other generations. Globally, 8th generation is the most prevalent technology these days which enables efficient cutting of large size glass substrates into six to eight equal panels. On the basis of end-use, the television industry accounted for the largest share in the global TFT LCD market in 2015. The television industry was followed by mobile phones, mobile PCs, monitors, automotive industry and others.

The report has also segmented the market on the basis of regions. Currently, North America represents the largest end market for TFT-LCD’s followed by Asia-Pacific, Europe and the rest of the world. The top five players in TFT-LCD panel manufacturing have also been covered. They include LG, SAMSUNG, INNOLUX, AUO and SHARP.

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This report provides a techno-commercial roadmap for setting up a TFT LCD panel manufacturing plant. The study covers all the requisite aspects of the TFT LCD panels industry. This ranges from macro overview of the market to micro details of the industry performance, processing and manufacturing requirements, project cost, project funding, project economics including expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, stakeholders and all those who are planning to foray into the TFT LCD panels industry in any manner.

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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This release was published on openPR.