About Large Area LCD Display
An LCD display panel consists of multiple layers containing different components such as a polarizer, color filter, and LCD glass substrate. LCD glass substrates used in display devices are thin (0.3 mm to 0.7 mm) with multiple liquid crystal substances present in the LCD substrate. Depending on the temperature and the nature of a substance, liquid crystals have two distinct phases: nematic and smectic.
Technavio’s analysts forecast the global large area LCD display market to grow at a CAGR of 1.74%, in terms of unit shipments, during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global large area LCD display market for 2016-2020. To calculate the market size, the report takes into account large LCD panel area shipment in million-meter square and its ASP in dollar per meter square.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Large Area LCD Display Market 2016-2020
Technavio recognizes the following companies as the key players in the global large area LCD display market: AU Optronics, BOE, Innolux, LG, and Samsung Electronics.
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, and Sharp.
Commenting on the report, an analyst from Technavio’s team said: “The rapid shift toward large screen size products will be a key trend for market growth. 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. The 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, technological developments in LCD displays will be a key driver leading to growth of the market. The display industry is dynamic and characterized by changing consumer behavior. Display manufacturers continue to innovate and develop multiple technologies and products such as display panels with in-plane switching (IPS) technology and quantum dots LCD displays.
Further, the report states that currency fluctuations will be a major challenge for the market. Major vendors in the large area LCD display market are from China, Japan, South Korea, and Taiwan. Their customers are from Japan, China, South Korea, Taiwan, and few in the US. In situations where major revenue contribution for a vendor comes from offshore sales, exchange rates and currency fluctuations can have a high impact on their sales revenue and profit margin. Selling LCD displays to vendors located in different countries raises the risk associated with currency fluctuation.
AU Optronics, BOE, Innolux, LG, Samsung Electronics, Chi Mei Optoelectronics, Chunghwa Picture Tubes (CPT), HannsTouch Solution, HannStar Display, InfoVision Optoelectronics, Japan Display, Kaohsiung Opto-Electronics, NEC Display Solutions, Sharp.