lcd panel market share quotation

In 2019 and 2020, BOE was the leading manufacturer in the monitor display panel market, holding 25 and 26 percent of the market, respectively. LG Display, the South Korean panel maker, ranked second, with a 21 percent share. The market share of another South Korean company, Samsung Display, was forecast to drop to one percent in 2021.Read moreMonitor display panel market share worldwide from 2019 to 2021, by supplierCharacteristicLGDBOESDCINXAUOCECCSOTHKC---------

TrendForce. (January 11, 2021). Monitor display panel market share worldwide from 2019 to 2021, by supplier [Graph]. In Statista. Retrieved December 20, 2022, from https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/

TrendForce. "Monitor display panel market share worldwide from 2019 to 2021, by supplier." Chart. January 11, 2021. Statista. Accessed December 20, 2022. https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/

TrendForce. (2021). Monitor display panel market share worldwide from 2019 to 2021, by supplier. Statista. Statista Inc.. Accessed: December 20, 2022. https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/

TrendForce. "Monitor Display Panel Market Share Worldwide from 2019 to 2021, by Supplier." Statista, Statista Inc., 11 Jan 2021, https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/

TrendForce, Monitor display panel market share worldwide from 2019 to 2021, by supplier Statista, https://www.statista.com/statistics/1124858/global-display-panel-vendor-monitor/ (last visited December 20, 2022)

BOE was the leading LCD TV panel vendor during the first half of 2020, having shipped approximately 23.26 million units worldwide. In that period, global shipments of LCD TV panels totaled over 115 million units.

BOE Technology, founded in 1993, has become China’s largest TV panel maker and it continues to make a name for itself in the global consumer electronics market. It was the first company to introduce a gen 10.5 LCD plant in late 2017. Since then, BOE’s LCD panel production capacity has grown annually, surpassing former leading manufacturer LG Display. In recent years, BOE accounted for over 20 percent of large-area TFT LCD display unit shipments worldwide.

Chinese panel makers accelerate worldwide LCD TV panel shipmentsChina became the leading LCD panel producer worldwide in 2017, overtaking powerhouses South Korea and Taiwan. Chinese shipments of LCD TV panels 60-inch and larger have also increased significantly in recent years, with roughly 2.24 million units sold in the first quarter of 2019 worldwide, in comparison to just 117,000 units a year before. This figure is forecast to increase in the future, paving the way for Chinese panel makers’ worldwide success. At the same time, the concurrent specialization on large LCD panels by Chinese and South Korean suppliers will likely push down panel prices.Read moreGlobal LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor(in millions)tablecolumn chartCharacteristicBOELGDInnoluxCSOTSDCAUOCEC GroupOthers1H 202023.2611.7920.3421.312.1310.14-16.17

TrendForce. (July 28, 2020). Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions) [Graph]. In Statista. Retrieved December 20, 2022, from https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. "Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions)." Chart. July 28, 2020. Statista. Accessed December 20, 2022. https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. (2020). Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions). Statista. Statista Inc.. Accessed: December 20, 2022. https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. "Global Lcd Tv Panel Unit Shipments from H1 2016 to H1 2020, by Vendor (in Millions)." Statista, Statista Inc., 28 Jul 2020, https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce, Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions) Statista, https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/ (last visited December 20, 2022)

The Liquid Crystal Display (LCD)-enabled electronic devices, such as television, mobile phones and others, is creating potential opportunities for the LCD panel market. In the past couple of years, LCD panels have gained popularity owing to their advanced properties that include less power consumption, compact size and low price.

Moreover, over the past two decades, the LCD technology of has made impressive progress. The electronic displays available at present make use of a wide variety of active LCD panels. The LCD panel market is one of the significantly growing markets due to the increasing demand for LCD displays & low power consumption electronic goods, as well as increase in the demand for touch-enabled displays.

An LCD panel is designed to project on-screen information. At present, LCD panels are suited with high-mobility electronic equipment. LCDs with improved video quality are gaining momentum in all developed and developing economies. These factors are projected to propel the global LCD panel market.

The major growth drivers of the LCD panel market include an increase in the demand for energy-efficient electronic products as well as for larger and 4K televisions. Furthermore, growth in the demand for energy-efficient electronic devices is surging the global LCD panel market.

Demand for high-quality screens, coupled with improving standards of living and inflating disposable income, are among key factors boosting the LCD Panel market. In addition, increase in the adoption of consumer electronic devices is projected to drive the global LCD panel market.

However, one of the major challenges of the LCD panel market are the higher cost and thickness of the display of these devices as compared to other modules. The LCD panel market is expected to witness sluggish and unpredictable growth owing to a quantitative decline in the number of LCD displays.

Moreover, financial uncertainty and macroeconomic situations around the world, such as fluctuating currency exchange rates and economic difficulties, are some of the major factors hindering the growth of the LCD panel market. However, increased competition from alternative technologies and LCD panel complex structure is likely to limit the growth of the LCD panel market.

At present, North America holds the largest market share for the LCD panel market due an increase in the demand for consumer electronic devices. Due to the presence of key LCD panel manufacturers in China and Japan, Asia Pacific is expected to become the prominent region for the LCD panel market.

In addition, the unorganized market of LCD panels in China, Japan and India is creating a competitive environment for global LCD panel manufacturers. Moreover, Europe is the fastest-growing market for LCD panels due to an increase in the adoption of consumer electronics devices. The demand for LCD panels has risen dramatically over the past 12 months globally. The usage of LCD displays in various industries in these regions is boosting the LCD panel market.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Due to an increase in the demand for large LCD displays, the large size LCD panel sub-segment is expected to register double-digit growth rate in the global market. In addition, due to an increase in the demand for portable electronic devices, the small size LCD panel sub-segment is projected to be the most attractive market sub-segment of the global LCD panel market.

The smart phones and tablets sub-segment held the largest market share for the LDC panel market in 2017, and the wearable devices sub-segment is expected to grow with a high CAGR during the forecast period.

Westford, USA, Sept. 27, 2022 (GLOBE NEWSWIRE) -- 4K Display Market has become extremely popular in recent years, as users have come to appreciate their high-resolution quality. 4K displays offer a much higher resolution than the current mainstream displays, which is why they are so appealing to consumers. Today, 4K displays are not just for TV, Desktop and Laptop usage anymore. Companies are now starting to install 4K displays in their Commercial Locations such as Hospitals, Schools, and Airports. Manufacturers are also producing them in large quantity and selling them at an exponential rate.

The growing demand for 4K display market is raising expectations about the next big thing in display technology. With improvements in resolution and color, 4K displays are already transforming how we view content. With prices dropping and more content being created in 4K, the demand for these screens only continues to grow.

Currently, 2160p (4K) displays are dominant in the 4K display market. But this is only the beginning—as technology improves, SkyQuest’s analyst predict that UHD (3840x2160) displays will become prevalent by 2020.

Why are 4K Displays So Effective? There are many benefits of using 4K displays over traditional displays: - They Offer Higher Resolution: When it comes to resolution, 4K Displays consistently deliver smoother lines and sharper pictures than traditional displays. This means that graphics and images look smoother and more realistic than ever before in the 4K display market.

Global shipments of 4K display were totaled at 127.4 million units in 2021 and is projected to reach 405 million by 2028. Moreover, OLED and QLED TV shipments continue to dominate with a share of above 58%. The global 4K display market revenue is forecast to grow at a CAGR of 23.20% through 2028.

In terms of application areas, gaming continues to be an early adopter of 4K displays with gaming mic and headsets releasing in Q4/2021 with more devices set to release in 2022. In addition, commercial buildings are starting to upgrade their signage systems from HD to 4K for added clarity and detail especially for high dynamic range (HDR) content, which is projected to add fuel to the growth of the 4K display market.

These findings in the 4K display market confirm that 4KTV is becoming the must-have television technology for enthusiasts who want the best possible images. However, it is not just ultra-high-definition televisions that are gaining popularity among consumers; Our research shows that sales of 3D TVs are growing as well. In fact, we expect 4K 3DTV penetration to reach 50% by 2025, up from just 44% at present. This is due to the increasing popularity of premium viewing platforms such as Netflix, Hulu, and Amazon Prime Video that support 4K content.

4K displays are becoming increasingly popular as consumers in the 4K display market become more demanding for better picture quality. This is especially true for video and gaming as 4K offers a sharper image than traditional HD displays.

The top five global brands in the 4K display market namely Samsung, Sony, Hisense, TCL, and LG are holding over 55% share of the global 4K display market. With Samsung leading the pack with a market share of over 19%. The top three global brands generated revenues that were greater than their combined total from 2018–2021.

In addition to QLEDs, Samsung, a largest player in 4K display market, also offers other types of 4K displays, including quoted LCD panels and WQHD+ AMOLED panels. But QLEDs continue to dominate the market because they can offer “significantly higher resolution and brightness levels as well as better color performance than any other type of panel.”

It seems like Korean brands are dominating not only in terms of sales but also in terms of R&D and innovation in the 4K display market. We will have to see how this competitive landscape will shift in coming years as newer brands are launching their products in the market.

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

"TFT LCD Panel Market" report presents a comprehensive overview, market shares, and growth opportunities of TFT LCD Panel market by product type, application, key manufacturers and key regions and countries. The global TFT LCD Panel market size is projected to reach Multimillion USD by 2028, in comparision to 2021, at unexpected CAGR during 2022-2028.

TFT LCD PanelMarket Research Report is spread across 100 Pages with 145 Number of Tables and Figures that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

In light of COVID-19, the report includes a range of factors that impacted the market. It also discusses the trends. Based on the upstream and downstream markets, the report precisely covers all factors, including an analysis of the supply chain, consumer behavior, demand, etc. Our report also describes how vigorously COVID-19 has affected diverse regions and significant nations.

The Global TFT LCD Panel market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2028. In 2020, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Thin film transistors (TFT) is an active-matrix LCD accompanied by an improved image-quality where one of the transistor for every pixel operates the illumination of the display permitting an easy view even in bright surroundings.

This report focuses on global and United States TFT LCD Panel market, also covers the segmentation data of other regions in regional level and county level.

Due to the COVID-19 pandemic, the global TFT LCD Panel market size is estimated to be worth USD 131490 million in 2022 and is forecast to a readjusted size of USD 174200 million by 2028 with a CAGR of 4.8% during the review period. Fully considering the economic change by this health crisis, by Type, Small-Sized accounting for % of the TFT LCD Panel global market in 2021, is projected to value USD million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Televisions was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.

In United States the TFT LCD Panel market size is expected to grow from USD million in 2021 to USD million by 2028, at a CAGR of % during the forecast period.

TFT LCD Panel market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global TFT LCD Panel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

For United States market, this report focuses on the TFT LCD Panel market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.

Report further studies the market development status and future TFT LCD Panel Market trend across the world. Also, it splits TFT LCD Panel market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects.

On the basis of the end users/applicationsthis report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including:

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of TFT LCD Panel in these regions, from 2015 to 2027, covering ● North America (United States, Canada and Mexico)

Some of the key questions answered in this report: ● What is the global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) sales value, production value, consumption value, import and export of TFT LCD Panel?

● Who are the global key manufacturers of the TFT LCD Panel Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.

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LCD TV Panel Market Size is projected to Reach Multimillion USD by 2027, In comparison to 2021, at unexpected CAGR during the Forecast Period 2022-2028.

Considering the economic change due to COVID-19 and Russia-Ukraine War Influence, LCD TV Panel accounted for % of the global market of LCD TV Panel in 2022.

This LCD TV Panel Market Report offers analysis and insights based on original consultations with important players such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, Distributors, etc.

The Global LCD TV Panel Market is anticipated to rise at a considerable rate during the forecast period, between 2022 and 2027. In 2021, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

LCD displays utilize two sheets of polarizing material with a liquid crystal solution between them. An electric current passed through the liquid causes the crystals to align so that light cannot pass through them. Each crystal, therefore, is like a shutter, either allowing light to pass through or blocking the light. LCD panel is the key components of LCD display. And the price trends of LCD panel directly affect the price of liquid crystal displays. LCD panel consists of several components: Glass substrate, drive electronics, polarizers, color filters etc. Only LCD panel applied for TV will be counted in this report

Samsung Display, LG Display, Innolux Crop and AUO captured the top four revenue share spots in the LCD TV Panel market in 2015. Samsung Display dominated with 22.11 percent revenue share, followed by LG Display with 19.72 percent revenue share and Innolux Crop Display with 19.30 percent revenue share.

The global LCD TV Panel market is valued at USD 51130 million in 2019. The market size will reach USD 59640 million by the end of 2026, growing at a CAGR of 2.2% during 2021-2026.

LCD TV Panel market is segmented by Size, and by Application. Players, stakeholders, and other participants in the global LCD TV Panel market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Size and by Application for the period 2016-2027.

The report focuses on the LCD TV Panel market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. The report considers key geographic segments and describes all the favorable conditions driving the market growth.

On the basis of the End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including:

Geographically, the Major Regions Covered in LCD TV Panel Market Report Are:To comprehend LCD TV Panel market dynamics across major global regions. ● North America(United States, Canada)

Market is changing rapidly with the ongoing expansion of the industry. Advancement in technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of market movements in order to strategize better. An efficient strategy offers the companies a head start in planning and an edge over the competitors.Industry Researchis a credible source for gaining the market reports that will provide you with the lead your business needs.

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SEOUL/TOKYO (Reuters) - Plasma display panel (PDP) technology makers are pinning high hopes on the emerging but uncertain 3D TV market to claw back market share after falling behind popular LCD flat screen backers.

LCD or liquid crystal display has led the replacement of cathode-ray tube (CRT) television, as its technological edge over PDP in producing smaller sizes helped it attract consumers trading in their bulky and boxy CRT sets.

“PDP won’t be able to challenge LCD as a mainstream flat panel technology as LCD also continues to evolve into better one,” said Will Cho, an analyst at Daewoo Securities.

“Having said that, it still does have strength over LCD, especially in 3D market. So the stronger 3D market grows, the better PDP technology will be able to recover,” he said.

PDP has been a choice of technology in large sized panels over 40 inches, although LCDs are rapidly expanding into the market with free-falling prices.

Prices of 42-inch LCD panel dropped around 40 percent over the past two years, which were moderated by severe glass shortages last year, according to industry data.

LCDs account for around 70 percent of global TV market of around 210 million units in 2009, with CRT less than a quarter and PDP with only 7 percent, according to DisplaySearch.

Global TV makers including Samsung, LG Electronics and Panasonic Corp produce both LCD and PDP sets and if PDP takes off, then Panasonic, which is making the strongest push for plasma technology, might emerge as the biggest winner.

The research firm expects the ratio of plasma TVs to LCD models in the 3D TV market to come to one to three in 2013, indicating relatively strong standing of plasma TVs in the 3D arena. In the same year, LCD TVs are expected to outsell plasma models 15 to one in the overall flat TV market.

“PDP is still more popular in large-sized markets of over 50 inches and it is viewed as more competitive technology in 3D TV markets where delivering vivid images is critical, which is one of PDP’s strengths,” said Jason Kim, a spokesman for Samsung Electronics, the world’s top TV brand.

Most PDP makers are increasing production but cautious in expanding capacity as sales growth is set to lag overall market expansion. The technology will also be mainly targeting niche markets such as 3D TVs before eventually replaced by new technologies such as organic light-emitting diode.

“It’s a technology that will disappear some day...and its growth rate is not explosive, which is why we don’t plan more investment into the technology,” said Lee Kwan-sup, vice president of LG’s Home Entertainment Marketing strategy.

And the dominant LCD technology is also getting smarter by adopting LED technology, which is thinner and has longer lifespan and lower power consumption than traditional LCD sets using CCFL (cold cathode fluorescent lamp) technology.

DisplaySearch forecast plasma TV unit shipments to rise about 6 percent this year to just over 15 million units, after falling 2 percent in 2009. That will be dwarfed by more than 180 million unit sales of LCD sets, a 24 percent jump from a year ago, against the global TV market estimated at 228 million units.

Thanks to TV manufacturers’ aggressive procurement activities, global TV panel shipment for 1H21 reached 135.2 million pcs, a 3.5% YoY increase, according to TrendForce’s latest investigations. Notably, high-end OLED TV panels and 8K LCD TV panels showed diametrically opposed movements. The former product category reached a 2.6% market share in 1H21 (with room for further growth going forward) due to LGD’s capacity expansion as well as the narrowing gap between OLED panel prices and LCD panel prices. On the other hand, the latter’s market share fell to a mere 0.2% in 1H21 as panel suppliers were generally reluctant to manufacture 8K LCD TV panels due to these panels’ poor yield rates.

TrendForce’s findings indicate that Chinese panel suppliers were able to achieve a 58.3% share in the TV panel market, which was nearly 5 percentage points higher than their 1H20 market share, thanks to their growing number of production lines. Conversely, Taiwanese suppliers saw their market share drop by 2.2 percentage points from 1H20 levels to 21.1% in 1H21. This decline took place because of their limited production capacities and because they reallocated some of their production capacities for TV panels to IT products instead. Korean suppliers likewise experienced a decline in market share to 14.3% after SDC shuttered its Korea-based LCD fabs L7-2 and L8-1-2 and sold its Suzhou-based Gen 8.5 fab to CSOT. Finally, Japanese suppliers’ market shares increased to 6.3% as a result of SDPC’s Gen 10.5 capacity expansion.

Regarding OLED TV panels, which are relatively high-end products, it should be pointed out that LGD is the sole supplier of these panels. Not only did LGD expand the production capacity of its Guangzhou-based OLED panel fab, but LGD’s clients in the TV sector were also increasingly willing to procure OLED panels in light of the narrowing gap between OLED panel prices and LCD panel prices. Hence, the penetration rate of OLED panels in the TV panel market grew to 2.6% in 1H21, with about 3.556 million pcs shipped throughout the period. Furthermore, now that the Guangzhou fab’s OLED panel capacity reached 90k sheets/month in 2Q21, TrendForce expects annual OLED TV panel shipment for 2021 to reach 8 million pcs, with a 3% penetration rate in the overall TV panel market.

On the other hand, 8K LCD TV panels reached a mere 0.2% penetration rate in the TV panel market in 1H21 because panel suppliers’ concerns about profit and yield maximization resulted in their relatively low willingness to manufacture these products. On the demand side, clients were also unwilling to procure these panels due to persistently high quotes from suppliers. With regards to panel suppliers, CSOT in particular benefitted from the unique structure of its client base, which allowed it to dominate more than half of the 8K LCD TV panel market, with AUO taking second place. The respective market shares of CSOT and AUO currently sit at 54.4% and 22.6%. TrendForce forecasts a 0.2% penetration rate for 8K LCD TV panels for 2021 as the growth of these products is constrained by their relatively high prices and the current paucity of 8K content.

For more information on reports and market data from TrendForce’s Department of Display Research, please clickhere, or email Ms. Vivie Liu from the Sales Department atvivieliu@trendforce.com

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