What Is The Current and Historic Market Size Analysis Of The Flat Panel Display Market?
The flat panel display market has seen considerable growth due to a variety of factors.
• The flat-panel display market has seen strong growth in recent years. It will grow from $138.21 billion in 2024 to $147.86 billion in 2025, at a compound annual growth rate (CAGR) of 7.0%.
Growth drivers include technological advancements, increasing consumer demand for high-quality displays, lower prices, emerging markets, regulatory standards, and environmental concerns.
What Is The Forecast For The Flat Panel Display Market Size?
The flat panel display market is expected to maintain its strong growth trajectory in upcoming years.
• The flat-panel display market is expected to see steady growth, reaching $191.1 billion by 2029 at a CAGR of 6.6%.
This growth is driven by new display technologies, demand for flexible displays, AR and VR developments, integration into smart devices, and energy efficiency. Major trends include large-screen display growth, convergence of technologies, sustainability, and rapid innovation.
What Are The Essential Drivers Behind The Growth Of The Flat Panel Display Market?
The flat panel display market is expected to expand with the rise of the automotive industry. Advancements in automotive technology, particularly in electric and autonomous vehicles, are driving demand for flat panel displays in infotainment systems. These displays enhance the driving experience by offering intuitive interfaces for navigation, entertainment, and diagnostics. According to the European Automobile Manufacturers' Association, the EU car market grew by 13.9% in 2023, which signals continued growth and a corresponding increase in demand for automotive technologies like flat panel displays.
How Is The Global Flat Panel Display Market Divided Into Key Segments?
The flat panel display market covered in this report is segmented –
1) By Technology: Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), Light Emitting Diode (LED), Quantum Dot, Other Technologies
2) By Screen Size: Small Screen, Medium Screen, Large Screen
3) By Application: Smartphone And Tablet, Television And Digital Signage, Personal Computer (PC) And Laptop, Vehicle Display, Smart Wearable, Other Applications
Subsegments:
1) By Liquid Crystal Display (LCD): Twisted Nematic (TN), In-Plane Switching (IPS), Vertical Alignment (VA), Advanced Fringe Field Switching (AFFS)
2) By Organic Light Emitting Diode (OLED): Active Matrix OLED (AMOLED), Passive Matrix OLED (PMOLED), Transparent OLED, Flexible OLED
3) By Light Emitting Diode (LED): Edge-lit LED, Back-lit LED, MicroLED
4) By Quantum Dot: QLED (Quantum Dot LED), Nano-LED
4) By Other Technologies: MicroLED, Electroluminescent (EL) Displays, Plasma Displays, ePaper Displays
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How Are New Trends Impacting The Size Of The Flat Panel Display Market?
Companies in the flat panel display market are launching AI-enabled interactive panels to enhance user interaction. These panels feature artificial intelligence capabilities for seamless interaction with digital content through touch, voice, or gesture. In May 2023, Netherlands-based MAXHUB launched the V6 Series of AI-enabled interactive flat panels. The panels include features like screen sharing, whiteboard functions, and exceptional audio-visual performance, making them ideal for corporate and educational settings.
Who Are the Key Players In The Flat Panel Display Market?
Major companies operating in the flat panel display market are:
• Samsung Electronics Co. Ltd.
• Sony Corporation
• Panasonic Corporation
• Toshiba Corporation
• BOE Technology Group
• Applied Materials Inc.
• NEC Corporation
• Sharp Corporation
• LG Display Co. Ltd.
• Koninklijke Philips N.V.
• ASUSTeK Computer Inc.
• Tokyo Electron Limited
• TCL Display Technology Holdings Limited
• AU Optronics Corporation
• Innolux Corp
• Japan Display Inc.
• Planar Systems Inc.
• BenQ Corporation
• Densitron Technologies Plc.
• Hannstar Display Corporation
• Emerging Display Technologies Corporation
• Novaled AG
• Crystal Display Systems Ltd
What Are The Regional Insights Into The Flat Panel Display Market?
North America was the largest region in the flat panel display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the flat panel display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
