TFT-LCD Market Size and
Growth Rate:
According to the Research Report, the Global TFT-LCD Market Size
was valued at USD 141 Billion in 2017 and was Expected to Reach USD 195 Billion by 2023 with a CAGR of 6.4%
during the forecast period 2018-2023.
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TFT-LCD Market Overview:
A TFT LCD, also known as a thin-film-transistor liquid-crystal
display, is an active-matrix LCD which utilizes the TFT technology for enhancing
image qualities like contrast and addressability. Every pixel on a TFT LCD
panel has a separate transistor on the glass itself that offers more control on
images. All the pixels on a screen are configured in a row and column format
and all of them are connected to an amorphous silicon transistor. This
technology provides sharp images and also consumes less energy as the screen is
very small in size. Moreover, TFT LCD panels are lightweight, less prone to
reflection and provide a wider angle of view.
TFT-LCD Market Drivers
and Restraints
Technology is rapidly restructuring the automotive industry, and
automotive OEMs are continuously adapting to new technological changes in order
to enhance safety and support, which is significantly contributing to the
growth of automotive display market, which indirectly supports the TFT LCD
market. Expanding sensor technology, continuous innovation in-vehicle
connectivity and growing focus on augmented reality in automobiles, accelerates
the growth of global market. Expanding automotive display in developing
regions, the growing dependency of navigations systems, and continuous
innovation in driver assistance solutions, are some of the factors fueling the
growth of the world market.
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TFT-LCD Market Geographical
Segmentation:
On a geographical front, the global market is divided among the
regions of Asia Pacific, North America, Europe, Middle East and Africa, and
Latin America. Of these, North America holds the leading position in the TFT
LCD market. This is due to the relatively fast adoption of new technologies as
well as growing industrial and automotive industries across the region.
The United States is a significant consumer of TFT LCD display
modules in this region. Europe and the Asia Pacific are also supposed to have a
positive influence on future growth. Europe is the second largest region with
important market share. However, Asia Pacific is estimated to grow at the
quickest pace in the foremost period. The developing countries like India and
China are the main consumers of TFT LCD display modules in this region
Major key Players in TFT-LCD
Market:
Some of the key players in the world market are Dispaytech,
Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric,
SHARP CORPORATION, Siemens AG, LG Display, Chi Mei
Corporation, HannStar Display Corporation, and AU Optronics Corp.
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