PUBLISHER: IMARC | PRODUCT CODE: 1423059
PUBLISHER: IMARC | PRODUCT CODE: 1423059
TFT LCD Panel Market Report by Size, Technology, Application, and Region 2024-2032
Abstract
The global TFT LCD panel market size reached US$ 172.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 250.0 Billion by 2032, exhibiting a growth rate (CAGR) of 4.1% during 2024-2032. The growing number of mobile phone users, increasing demand for laptops, and technological advancements in display screens represent some of the key factors driving the market.
Rising Demand for Laptops Impelling Market Growth
The escalating demand for laptops currently represents one of the primary drivers resulting in the increasing sales of TFT LCD panels in the market. There is a rise in the utilization of laptops due to the growing adoption in the corporate sector to increase the overall productivity and efficiency of work at a reduced time. In addition, different laptops are widely available at affordable prices to attract a large consumer base. Apart from this, the growing demand for laptops in the education sector to provide enhanced learning experiences, along with the rapid digitalization across the globe, is positively influencing the market.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is concentrated with a few key players operating in the industry. The volume of new entrants is moderate in the TFT LCD panel industry due to the high capital investment. Besides this, product differentiation in the TFT LCD market is low, as the products of various companies are somewhat similar to each other.
What is TFT LCD Panel?
A thin film transistor (TFT) liquid crystal display (LCD) panel refers to an active-matrix display that is designed to provide enhanced image quality. It relies on one transistor wherein every pixel controls the illumination of the display and enables a view even in bright environments or conditions. It is lightweight, thin, energy-efficient, and offers high-quality resolution with low power consumption. Besides this, it aids in providing an enhanced user experience while reducing running costs. As a result, TFT LCD display is used to manufacture television, digital photo frames, single-lens reflex (SLR) cameras, mobile phones, mobile personal computers (PCs), portable video game devices, and monitors across the globe.
COVID-19 Impact:
The COVID-19 pandemic outbreak caused a severe problem for the TFT LCD panel industry and imposed unprecedented challenges on numerous countries. It has severely impacted the production process of TFT LCD panels around the world. Due to the lockdown norms and restrictions, various manufacturers were forced to temporarily shut down or slow down their production plants. This created a shortage of raw materials for TFT LCD panels and reduced the demand for the product on account of the fear of widespread viruses across the globe. In addition to this, key players faced huge financial losses during the pandemic and had to postpone or cancel several projects. Apart from this, there was a supply and demand chain disruption due to the shortage of labor and restrictions on on-road movement. Moreover, governing agencies of various countries imposed stringent rules and regulations on the exports and imports of raw materials and products around the world due to cross-border lockdowns. Additionally, the COVID-19 pandemic hampered the logistical and transportation sector due to the curfews and ban on on-road movements in the market. There was a sharp decline in the demand for TFT LCD panels due to stringent policies on domestic and international trade. During the pandemic, people faced a shortage of money, which forced them to purchase essential goods and services rather than spend on luxurious products. However, the demand for TFT LCD panels increased after the removal of lockdown.
TFT LCD Panel Market Trends:
At present, the rising use of laptops in the corporate sector to increase productivity and overall efficiency in a business represents one of the key factors contributing to the growth of the market. Besides this, the growing utilization of TFT LCD panels, as they provide lower power consumption and emit little heat during operation, is offering a positive market outlook. Additionally, there is a rise in the demand for high-quality resolution, easy installation, sharper visibility, and large screen displays among the masses around the world. This, coupled with the increasing utilization of TFT LCD panels in several consumer electronic devices, such as monitors, laptops, television, personal computers (PCs), and mobile phones, is bolstering the growth of the market. Apart from this, rising number of mobile phone users across the globe is impelling the growth of the market. Moreover, the increasing upgradation of display screen technologies to enhance user experience is offering lucrative growth opportunities to industry investors. In addition, the rising demand for TFT LCD panels, as they are less prone to reflection as compared to cathode ray tube (CRT) televisions, is supporting the growth of the market. Furthermore, the increasing adoption of TFT LCD panels in the automotive industry for enhanced navigation systems is strengthening the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global TFT LCD panel market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on size, technology and application.
Size Insights:
Large Size TFT-LCD Display Panel
Medium and Small Size TFT-LCD Display Panel
The report has provided a detailed breakup and analysis of the TFT LCD panel market based on the size. This includes large size TFT-LCD display panel and medium and small size TFT-LCD display panel. According to the report, large size TFT-LCD panel represented the largest segment due to the rising consumer demand for larger televisions. In addition to this, there is a rise in the number of large televisions, monitors, personal computers (PCs) among the masses across the globe.
Technology Insights:
8th Generation
Other Generations
The report has provided a detailed breakup and analysis of the TFT LCD panel market based on the technology. This includes 8th generation and other generations. According to the report, 8th generation represented the largest segment on account of its improved color accuracy.
Application Insights:
Television
Mobile Phones
Mobile PCs
Monitors
Automotive
Others
A detailed breakup and analysis of the TFT LCD panel market based on the application has also been provided in the report. This includes television, mobile phones, mobile PCs, monitors, automotive, and others. According to the report, television accounted for the largest market share due to the increasing demand for large screens among individuals worldwide. In line with this, TFT LCD offers various benefits, such as energy-efficiency, low radiation levels, slim size, and lightweight, which is strengthening the growth of the market.
Regional Insights:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. According to the report, North America was the largest market for TFT LCD panel. Some of the factors driving the North America TFT LCD panel market included the growing adoption due to high flexibility and enhanced pictorial representation, rising demand for luxurious products among individuals, and increasing preferences for energy-efficient entertainment options. In addition to this, the rising demand for TFT LCD panels in the aerospace sector to display aircraft altitude information, airframe parameters, warning messages, and navigational data is contributing to the growth of the market in the region.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global TFT LCD panel market. Some of the companies covered in the report include:
LG Electronics Inc.
Samsung Electronics Co., Ltd
Innolux Corporation
AU Optronics Corp.
Sharp Corporation
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
- 1. What was the size of the global TFT LCD panel market in 2023?
- 2. What is the expected growth rate of the global TFT LCD panel market during 2024-2032?
- 3. What are the key factors driving the global TFT LCD panel market?
- 4. What has been the impact of COVID-19 on the global TFT LCD panel market?
- 5. What is the breakup of the global TFT LCD panel market based on the size?
- 6. What is the breakup of the global TFT LCD panel market based on the technology?
- 7. What is the breakup of the global TFT LCD panel market based on the application?
- 8. What are the key regions in the global TFT LCD panel market?
- 9. Who are the key players/companies in the global TFT LCD panel market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Display Industry
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Market Breakup by Technology
- 5.4 Market Breakup by Application
- 5.5 Market Forecast
6 Global TFT-LCD Display Panel Industry
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Price Analysis
- 6.4.1 Key Price Indicators
- 6.4.2 Price Structure
- 6.4.3 Margin Analysis
- 6.5 Market Breakup by Region
- 6.6 Market Breakup by Size and Technology
- 6.7 Market Breakup by Application
- 6.8 Market Forecast
- 6.9 SWOT Analysis
- 6.9.1 Overview
- 6.9.2 Strengths
- 6.9.3 Weaknesses
- 6.9.4 Opportunities
- 6.9.5 Threats
- 6.10 Value Chain Analysis
- 6.10.1 Raw Material Procurement
- 6.10.2 Manufacturer
- 6.10.3 Marketing and Distribution
- 6.10.4 Retailer
- 6.10.5 Exporter
- 6.10.6 End-User
- 6.11 Porter's Five Forces Analysis
- 6.11.1 Overview
- 6.11.2 Bargaining Power of Buyers
- 6.11.3 Bargaining Power of Suppliers
- 6.11.4 Degree of Competition
- 6.11.5 Threat of New Entrants
- 6.11.6 Threat of Substitutes
- 6.12 Key Market Drivers and Success Factors
7 TFT-LCD Display Panel Market: Breakup by Size
- 7.1 Large Size TFT-LCD Display Panel
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Medium and Small Size TFT-LCD Display Panel
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 TFT-LCD Display Panel Market: Breakup by Application
- 8.1 Television
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Mobile Phones
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Mobile PCs
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Monitors
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Automotive
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 TFT-LCD Display Panel Market: Performance of Key Regions
- 9.1 North America
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Asia Pacific
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Europe
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Middle East and Africa
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Latin America
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Market Breakup by Key Players
11 TFT-LCD Display Panel Manufacturing Process
- 11.1 Product Overview
- 11.2 Detailed Process Flow
- 11.3 Various Types of Unit Operations Involved
- 11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
- 12.1 Land Requirements and Expenditures
- 12.2 Construction Requirements and Expenditures
- 12.3 Plant Machinery
- 12.4 Raw Material Requirements and Expenditures
- 12.5 Packaging Requirements and Expenditures
- 12.6 Transportation Requirements and Expenditures
- 12.7 Utility Requirements and Expenditures
- 12.8 Manpower Requirements and Expenditures
- 12.9 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
- 14.1 Capital Cost of the Project
- 14.2 Techno-Economic Parameters
- 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 14.4 Taxation and Depreciation
- 14.5 Income Projections
- 14.6 Expenditure Projections
- 14.7 Financial Analysis
- 14.8 Profit Analysis
15 Key Player Profiles
- 15.1 LG Electronics Inc.
- 15.1.1 Company Overview
- 15.1.2 Company Description
- 15.1.3 Operations
- 15.1.4 Strategy
- 15.1.5 SWOT Analysis
- 15.2 Samsung Electronics Co., Ltd.
- 15.2.1 Company Overview
- 15.2.2 Company Description
- 15.2.3 Operations
- 15.2.4 Strategy
- 15.2.5 SWOT Analysis
- 15.3 Innolux Corporation
- 15.3.1 Company Overview
- 15.3.2 Company Description
- 15.4 AU Optronics Corp.
- 15.4.1 Company Overview
- 15.4.2 Company Description
- 15.4.3 Operations
- 15.4.4 SWOT Analysis
- 15.5 Sharp Corporation
- 15.5.1 Company Overview
- 15.5.2 Company Description
- 15.5.3 Strategy
- 15.5.4 SWOT Analysis
List of Figures
- Figure 1: Global: TFT-LCD Display Panel Market: Major Drivers and Challenges
- Figure 2: Global: Display Market: Value Trends (in Billion US$), 2018-2023
- Figure 3: Global: Display Market: Breakup by Technology (in %), 2023
- Figure 4: Global: Display Market: Breakup by Application (in %), 2023
- Figure 5: Global: Display Market Forecast: Value Trends (in Billion US$), 2024-2032
- Figure 6: Global: TFT-LCD Display Panel Market: Volume Trends (in Million Units), 2018-2023
- Figure 7: Global: TFT-LCD Display Panel Market: Value Trends (in Billion US$), 2018-2023
- Figure 8: Global: TFT-LCD Display Panel Market: Average Prices (in US$/Unit), 2018 & 2023
- Figure 9: TFT-LCD Display Panel Market: Price Structure
- Figure 10: Global: TFT-LCD Display Panel Market: Breakup by Region (in %), 2023
- Figure 11: Global: TFT-LCD Display Panel Market: Breakup by Size (in %), 2023
- Figure 12: Global: TFT-LCD Display Panel Market: Breakup by Technology (in %), 2023
- Figure 13: Global: TFT-LCD Display Panel Market: Breakup by Application (in %), 2023
- Figure 14: Global: TFT-LCD Display Panel Market Forecast: Volume Trends (in Million Units), 2024-2032
- Figure 15: Global: TFT-LCD Display Panel Market Forecast: Value Trends (in Billion US$), 2024-2032
- Figure 16: Global: TFT-LCD Display Panel Industry: SWOT Analysis
- Figure 17: Global: TFT-LCD Display Panel Industry: Value Chain Analysis
- Figure 18: Global: TFT-LCD Display Panel Industry: Porter's Five Forces Analysis
- Figure 19: North America: TFT-LCD Display Panel Market (in Million US$), 2018 & 2023
- Figure 20: North America: TFT-LCD Display Panel Market Forecast (in Million US$), 2024-2032
- Figure 21: Asia Pacific: TFT-LCD Display Panel Market (in Million US$), 2018 & 2023
- Figure 22: Asia Pacific: TFT-LCD Display Panel Market Forecast (in Million US$), 2024-2032
- Figure 23: Europe: TFT-LCD Display Panel Market (in Million US$), 2018 & 2023
- Figure 24: Europe: TFT-LCD Display Panel Market Forecast (in Million US$), 2024-2032
- Figure 25: Middle East and Africa: TFT-LCD Display Panel Market (in Million US$), 2018 & 2023
- Figure 26: Middle East and Africa: TFT-LCD Display Panel Market Forecast (in Million US$), 2024-2032
- Figure 27: Latin America: TFT-LCD Display Panel Market (in Million US$), 2018 & 2023
- Figure 28: Latin America: TFT-LCD Display Panel Market Forecast (in Million US$), 2024-2032
- Figure 29: Global: TFT-LCD Display Panel Market: Large Size TFT-LCD Display Panel (in Million US$), 2018 & 2023
- Figure 30: Global: TFT-LCD Display Panel Market Forecast: Large Size TFT-LCD Display Panel (in Million US$), 2024-2032
- Figure 31: Global: TFT-LCD Display Panel Market: Medium and Small Size TFT-LCD Display Panel (in Million US$), 2018 & 2023
- Figure 32: Global: TFT-LCD Display Panel Market Forecast: Medium and Small Size TFT-LCD Display Panel (in Million US$), 2024-2032
- Figure 33: Global: TFT-LCD Display Panel Market: Television (in Million US$), 2018 & 2023
- Figure 34: Global: TFT-LCD Display Panel Market Forecast: Television (in Million US$), 2024-2032
- Figure 35: Global: TFT-LCD Display Panel Market: Mobile Phones (in Million US$), 2018 & 2023
- Figure 36: Global: TFT-LCD Display Panel Market Forecast: Mobile Phones (in Million US$), 2024-2032
- Figure 37: Global: TFT-LCD Display Panel Market: Mobile PCs (in Million US$), 2018 & 2023
- Figure 38: Global: TFT-LCD Display Panel Market Forecast: Mobile PCs (in Million US$), 2024-2032
- Figure 39: Global: TFT-LCD Display Panel Market: Monitors (in Million US$), 2018 & 2023
- Figure 40: Global: TFT-LCD Display Panel Market Forecast: Monitors (in Million US$), 2024-2032
- Figure 41: Global: TFT-LCD Display Panel Market: Automotive (in Million US$), 2018 & 2023
- Figure 42: Global: TFT-LCD Display Panel Market Forecast: Automotive (in Million US$), 2024-2032
- Figure 43: Global: TFT-LCD Display Panel Market: Others (in Million US$), 2018 & 2023
- Figure 44: Global: TFT-LCD Display Panel Market Forecast: Others (in Million US$), 2024-2032
- Figure 45: TFT-LCD Display Panel Manufacturing: Detailed Process Flow
- Figure 46: TFT-LCD Display Panel Manufacturing: Conversion Rate of Products
- Figure 47: TFT-LCD Display Panel Manufacturing: Packaging Requirements
- Figure 48: TFT-LCD Display Panel Manufacturing Plant: Breakup of Capital Costs (in %)
- Figure 49: TFT-LCD Display Panel: Profit Margins at Various Levels of the Supply Chain
- Figure 50: TFT-LCD Display Panel Manufacturing Plant: Manufacturing Cost Breakup (in %)
List of Tables
- Table 1: Global: Display Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Display Market Forecast: Breakup by Technology (in Million US$), 2024-2032
- Table 3: Global: Display Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: TFT-LCD Display Panel Market: Key Industry Highlights, 2023 and 2032
- Table 5: Global: TFT-LCD Display Panel Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: TFT-LCD Display Panel Market Forecast: Breakup by Size (in Million US$), 2024-2032
- Table 7: Global: TFT-LCD Display Panel Market Forecast: Breakup by Technology (in Million US$), 2024-2032
- Table 8: Global: TFT-LCD Display Panel Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 9: Global: TFT-LCD Display Panel Market: Competitive Structure
- Table 10: Global: TFT-LCD Display Panel Market: Key Players
- Table 11: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Land and Site Development (in US$)
- Table 12: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Civil Works (in US$)
- Table 13: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Array Process Machinery (in US$)
- Table 14: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Colour Filter Process Machinery (in US$)
- Table 15: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Cell Process Machinery (in US$)
- Table 16: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Module Assembly Process Machinery (in US$)
- Table 17: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Ultrapure Water Production System (in US$)
- Table 18: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Wastewater Treatment System (in US$)
- Table 19: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Wastewater Recycling System (in US$)
- Table 20: TFT-LCD Display Panel Manufacturing Plant: Summary of Machinery Costs (in US$)
- Table 21: TFT-LCD Display Panel Manufacturing Plant: Raw Material Requirements (in Units/Day) and Expenditures (US$/Unit)
- Table 22: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
- Table 23: TFT-LCD Display Panel Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
- Table 24: Details of Financial Assistance Offered by Financial Institutions
- Table 25: TFT-LCD Display Panel Manufacturing Plant: Capital Costs (in US$)
- Table 26: TFT-LCD Display Panel Manufacturing Plant: Techno-Economic Parameters
- Table 27: TFT-LCD Display Panel Manufacturing Plant: Taxation and Depreciation (in US$)
- Table 28: TFT-LCD Display Panel Manufacturing Plant: Income Projections (in US$)
- Table 29: TFT-LCD Display Panel Manufacturing Plant: Expenditure Projections (in US$)
- Table 30: TFT-LCD Display Panel Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
- Table 31: TFT-LCD Display Panel Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
- Table 32: TFT-LCD Display Panel Manufacturing Plant: Profit and Loss Account (in US$)
