Global TFT LCD Display Panel Market Report and Forecast 2021-2026

Global TFT-LCD Display Market Report and Forecast 2021-2026

Market Outlook

According to ’s latest report, ‘Global TFT-LCD Display Market Report and Forecast 2021-2026’, the global TFT-LCD display market attained a value of approximately USD 164 billion in 2020. Aided by use of TFT-LCD displays in automotive, the market is projected to further grow at a CAGR of 5.2% between 2021-2026 to reach USD 223 billion by 2026.

TFT-LCD display is a kind of liquid crystal display where each pixel is attached to a film transistor to improve colour quality, as each pixel on a TFT-LCD is attached to a transistor. TFT is deployed in all computer screens television screens since the start of century, because the technology offers better response time and improved colour quality than older technologies and prevents distortion of image. With favourable properties like light weight, slim, and high-resolution features, and due to the small size of each transistor, they consume less power owing to which TFT-LCD displays find applications in nearly every electronic device with a display including smartphones, television screens, computers, and PCs.

The market demand for TFT-LCD display can be attributed to increasing deployment of TFT-LCD display in average and large sized flat panel TVs in the household sector. The growing demand for slim, high resolution smart phones among the younger generation, owing to the work from home trends is further invigorating market growth. Other electronic devices like PCs and desktops that deploy TFT-LCD display for better screen resolution, sharp, and vibrant colours are supporting the market growth. Due to the rapidly expanding industrialisation and a subsequent rise in disposable incomes, especially in emerging economies of the Asia-Pacific region like India and China, the market demand for personal vehicles equipped with LCD displays for specific functions and entertainment purposes is positively impacting the market growth of TFT-LCD displays. Furthermore, transportation vehicles like aeroplanes, trains, and, buses are emerging as users of TFT-LCD displays, aided by government spending on public transport. Therefore, a rising demand for TFT-LCD displays from the automotive sector is providing lucrative industrial growth opportunities.

Market Segmentation

The market report by analyses the market based on size, application, and major regions.

Market Division by Size

• Large Size
• Medium and Small Size

Market Division by Application

• Television
• Mobile Phones
• Monitors
• Mobile PCs
• Automotive
• Others

Market Division by Major Regions

• North America
• Latin America
• Europe
• The Asia Pacific
• The Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments of the key players in the industry. Some of the major players in the market explored in the report are:

• Samsung Electronics Co. Ltd.
• LG Electronics Inc.
• Sharp Corporation
• BOE Technology Group Co., Ltd.
• AU Optronics Corp
• Others