Global Large Area Displays Market 2017-2021
About Large Area Displays
The display industry has experienced many transitions in terms of technology and applications. Multiple display technologies are introduced in the market, resulting in a significant rise in the number of display applications. Cathode ray tube (CRT) TVs marked the beginning of display technology, which is now over 100 years old. OLED-based displays and quantum dots-based LCDs are the latest technologies in this industry.
Technavio’s analysts forecast the global large area displays market to grow at a CAGR of 1.62% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global large area displays market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of large area displays.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Large Area Displays Market 2017-2021
Technavio recognizes the following companies as the key players in the global large area displays market: LG Display, Samsung Display, Innolux, AU Optronics, and BOE Technology
Other Prominent Vendors in the market are: Chi Mei Optoelectronics, Chunghwa Picture Tubes (CPT), HannsTouch Solution, HannStar Display, InfoVision Optoelectronics, Japan Display, Kaohsiung Opto-Electronics, NEC Display Solutions, Panasonic, and Sharp
Commenting on the report, an analyst from Technavio’s team said: “Screen size is one of the major buying criteria for consumer devices such as monitors, notebooks, tablets, and TVs. This trend for bigger screen enables consumers to connect to streaming videos and online video games. Ease of using media is one of the major factors driving the demand for tablets. LCD screen size for tablets increased from 7-10 inches to 10-13 inches.”
According to the report, OLED displays are thinner, lighter, more flexible, and emit brighter colors than other existing display technologies such as LCDs. Unlike LCDs, these do not require a backlight and have a fast response time of 0.01 milliseconds. OLED displays are flexible. Curved OLED TVs and other devices that utilize this feature offer a better viewing angle to users. OLED displays consume less power because of the phosphorescent organic material, which has better conversion rate than LCDs. The global OLED displays market is still in its nascent stage. Exponential growth in screen pixel numbers played a vital role in the adoption of OLED displays in 2016. LG Display is the pioneer in OLED technology and has a huge portfolio of OLED TVs. The company announced an investment of more than $8.7 billion to expand and build a new plant to produce OLED displays in 2015. This plant is expected to start its production by 2018, which will provide OLED displays for automotive, TVs, and wearables.
Further, the report states that large area display vendors highly depend on OEMs to market their products. OEMs, in turn, are dependent on the sales of monitors, notebooks, tablets, TVs, and other electronic devices that incorporate LCD or OLED/AMOLED panels. Sales of these devices are highly cyclical and sensitive to fluctuations in the global economy. These mass-market electronic devices have seasonal cycles, which result in fluctuating demands. Such fluctuations often lead to high inventory levels because of imbalance between supply and demand, thus resulting in changing production utilization rates by panel manufacturers to release excess inventory. Thus, the ASP of display panel decreases, leading to low-profit margin for vendors. Vendors must ensure that they meet the varying demand as per their production capacities and maintain demand-supply equation.
LG Display, Samsung Display, Innolux, AU Optronics, BOE Technology, Chi Mei Optoelectronics, Chunghwa Picture Tubes (CPT), HannsTouch Solution, HannStar Display, InfoVision Optoelectronics, Japan Display, Kaohsiung Opto-Electronics, NEC Display Solutions, Panasonic, Sharp.
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