tft lcd market forecast made in china

TFT or thin-film transistor is combined with LCD to improve colour quality leading to a sharper image, as each pixel on a TFT-LCD is attached to a transistor. Due to the small sizes of each transistor, TFT-LCD display panels consume less power. They are widely used in computers, TVs, laptops, and mobile phones as it gives a more enhanced image than older technologies and prevents the distortion of image.

With the growing applications of TFT-LCD, there has been an increased competition among the manufacturers for the best cutting technology, i.e. ‘generations’, to produce TFT-LCD panels. In 2017, BOE, one of the major TFT-LCD manufacturers globally, put the world’s highest generation line, Generation 10.5 TFT-LCD production line, into production ahead of schedule in Hefei, China. With more Gen 10.5 facilities starting mass production, the market is primed for the production of 65 inches and larger TFT-LCD panels. More than 85.5% of the TFT-LCD display panels consumed in 2018 were large-sized panels sized over 10 inches.

Driven by the demand for TFT-LCD display panels in TV and monitor panels, the global shipment of large TFT-LCD panels grew again in 2018, despite over-supply concerns. The market is also driven by a rising demand for automotive displays. While automotive display systems were earlier reserved for luxury vehicles, cars for the mass-market are increasingly including high resolution display systems in their design due to a decline in prices along with the rising production and demand for automobiles. This growth in automotive displays has been supported by the rising investments in automotive display panels by big display panel manufacturers in Asia. The Asia Pacific countries like China and India are the fastest growing markets in the region due to rapid economic growth and a growing demand for consumer-based electronics. Currently, the global market for TFT-LCD display panel is dominated by North America.

Region-wise, the global market for TFT-LCD display panel can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The report also offers historical (2018-2022) and forecast (2023-2028) market information for the sizes, applications, and major regions of TFT-LCD display panel.

The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global TFT-LCD display panel market are Samsung Electronics Co., Ltd., LG Display Co., Ltd., Japan Disney Inc., Sharp Corporation, BOE Technology Group Co., Ltd., AUO Corporation, Raystar Optronics Inc., WINSTAR Display Co., Ltd., Kingtech Group Co., Ltd., and Tricomtek Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

TFT-LCD Modules range from small to medium sizes, such as 2.4" TFT LCD, 2.8" TFT LCD, 3.2" TFT LCD, 3.5" TFT Display, 4.3 inch TFT LCD, 5 TFT LCD, 5.6 TFT LCD, 5.7 inch Display, 7 " TFT LCD, 8" TFT, 9" TFT, 10.1" TFT LCD, 10.2" TFT LCD, 12.1" TFT LCD , 12.3" TFT LCD (diagonal size of the active area) and so on.

Due to the COVID-19 pandemic, the global TFT-LCD Modules market size is estimated to be worth USD million in 2023 and is forecast to a readjusted size of USD million by 2028 with a CAGR of % during the forecast period 2023-2028. Fully considering the economic change by this health crisis, 2.4" accounting for % of the TFT-LCD Modules global market in 2022, is projected to value USD million by 2028, growing at a revised % CAGR from 2023 to 2028. While Consumer Electronics segment is altered to an % CAGR throughout this forecast period.

North America TFT-LCD Modules market is estimated at USD million in 2022, while Europe is forecast to reach USD million by 2028. The proportion of the North America is % in 2022, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2023-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.

The global major manufacturers of TFT-LCD Modules include Winstar, Mitsubishi Electric Corporation, Raystar Optronics, Vitek, SUNUL, Visionox, Shenzhen Frida LCD and Shenzhen Visus, etc. In terms of revenue, the global 3 largest players have a % market share of TFT-LCD Modules in 2022.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2023, region from 2017 to 2023, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

The Global TFT-LCD Modules market is likely to growth at a substantial rate during the forecast period, between 2023 and 2028. In 2023, the market is growing at a steady rate and with the increasing adoption of tactics by key players, the market is predicted to rise over the projected horizon.

This TFT-LCD Modules Market report offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2023. The report also includes company description, major business, TFT-LCD Modules product introduction, recent developments and TFT-LCD Modules sales by region, type, application and by sales channel.

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

We have been following the straight effect of COVID-19 on this market, as well as the circuitous effect from different industries. This report investigates the effect of the pandemic on the TFT-LCD Modules market from a Global and Regional point of view. The report frames the market size, market appearances, and market development for TFT-LCD Modules industry, ordered by type, application, and consumer area. Likewise, it gives an extensive examination of perspectives engaged with market improvement when the Covid-19 pandemic. Report likewise directed a PESTEL analysis in the business to concentrate on key influencers and boundaries to entry.

It also provides accurate information and cutting-edge analysis that is necessary to formulate an ideal business plan, and to define the right path for rapid growth for all involved industry players. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavors profitable in the process.

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 Modules 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 Modules?

● Who are the global key manufacturers of the TFT-LCD Modules 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.

Market is changing rapidly with the ongoing expansion of the industry. Advancement in the 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 the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Market Growth Reports is the credible source for gaining the market reports that will provide you with the lead your business needs.

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

TFT-LCD Display Panel Market To Be Driven By Increasing Deployment Of TFT-LCD Display Panels In Smart TVs and Smartphones In the Forecast Period Of 2023-2028

WYOMING, UNITED STATES, February 10, 2023 /EINPresswire.com/ -- The new report by Expert Market Research titled, ‘Global TFT-LCD Display Panel Market Share, Size, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global TFT-LCD display panel market, assessing the market based on its segments like sizes, applications, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The increasing deployment of TFT-LCD display panels in smart TVs, smartphones, and tablets, among others, is driving the market growth. The increasing demand for consumer electronics with enhanced screen resolution and great picture quality, owing to the rising disposable income and rapid urbanisation, is anticipated to propel the market growth.

Moreover, the increasing demand for good quality display panels in enterprises for better presentability, is likely to be a major driver of the market. Geographically, the Asia Pacific region accounts for a significant share in the market owing to the presence of large population in emerging economies, such as India and China, which is generating a significant demand for display panels.

A thin-film-transistor liquid -crystal display (TFT LCD) panel is defined as a technology which is used in the television to enhance the experience of the users. In a TFT-LCD display panel, each pixel is attached to a thin film transistor which offers great colour quality. TFT-LCD also improves contrast and addressability of the television.

The key trends in the TFT-LCD display panel market include the growing research and development activities by the major market players aimed towards augmenting the quality of consumer electronics by bolstering the viewing experience. The growing competition between the international brands, such as Samsung Electronics and Toshiba, is anticipated to accelerate the sales of the product.

Moreover, the thriving e-commerce industry, which is further augmented by the increasing purchasing power of the population is likely to be a boon for the market in the coming years. The technological advancements in the medium and large enterprises is likely to lead to a heightened adoption of TFT-LCD display panels in the forecast period.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

The global TFT LCD panel market size reached US$ 165.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 217.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.66% during 2023-2028.

TFT (Thin Film Transistor) is an active-matrix LCD along with an improved image quality where one transistor for every pixel controls the illumination of the display enabling an easy view even in bright environments. This technology currently represents the most popular LCD display technology and accounts for the majority of the global display market. Being light in weight, slim in construction, high in resolution with low power consumption, TFT’s are gaining prominence in almost all the industries wherever displays are required. They find applications in various electronic goods such as cell phones, portable video game devices, televisions, laptops, desktops, etc. They are also used in automotive industry, navigation and medical equipment, laser pointer astronomy, SLR cameras and digital photo frames.

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 2023-2028. Our report has categorized the market based on size, technology and application.

This report provides a deep insight into the global TFT LCD panel industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a TFT LCD manufacturing plant. The study analyses the manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the TFT LCD panel industry in any manner.

Global Thin Film Transistor (TFT) Display Market, By Technology (Plasma Display (PDP), Organic Light Emitting Diode (OLED), Other), Type (Twisted Nematic, In-Plane Switching, Advanced Fringe Field Switching, Multi-Domain Vertical Alignment, Advanced Super View, Cell Technology), Panel Type (A_MVA, ASV, MVA, S_PVA, P-IPS), End Use (Domestic Use, Industrial Use) – Industry Trends and Forecast to 2029

Global Thin Film Transistor (TFT) Display Market was valued at USD 270.26 million in 2021 and is expected to reach USD 968.64 million by 2029, registering a CAGR of 17.30% during the forecast period of 2022-2029. Twisted Nematic accounts for the largest type segment in the respective market owing to its low cost. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

A thin-film-transistor display refers to a form of LCD that uses TFT technology for enhancing image quality including addressability and contrast. These displays are commonly utilized in mobile phones, handheld video game systems, projectors, computer monitors, television screens, navigation systems and personal digital assistants.

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

The increase in the smartphone and tablet proliferation acts as one of the major factors driving the growth of thin film transistor (TFT) display market. Technological advancements are leading a radical shift from traditional slow, bulky and imprecise resistive mono touch to highly sensitive multi-touch capacitive screen have a positive impact on the industry.

The rise in number of electronic readers and growing demand for on-the-move information accelerate the market growth. The development of easy-to-use display devices drives the growth of the market.

The increase in application areas of large e thin film transistor (TFT) display due to the advantages offered by these paper displays in terms of user experience, manufacturing cost, readability, and energy consumption further influence the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the thin film transistor (TFT) display market.

Furthermore, development of smart cities extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, availability of customized continuous development and ongoing research will further expand the market.

On the other hand, high cost associated with the manufacturing is expected to obstruct market growth. Also, lack of awareness and low refresh rate are projected to challenge the thin film transistor (TFT) display market in the forecast period of 2022-2029.

This thin film transistor (TFT) display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on thin film transistor (TFT) display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The COVID-19 has impacted thin film transistor (TFT) display market. The limited investment costs and lack of employees hampered sales and production of electronic paper (e-paper) display technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the thin film transistor (TFT) display as it targeted the right audience. The increase in sales of devices such as smart phones and tablets across the globe is expected to further drive the market growth in the post-pandemic scenario.

The thin film transistor (TFT) display market is segmented on the basis of technology, type, panel type and end-use. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

The thin film transistor (TFT) display market is analysed and market size insights and trends are provided by country, technology, type, panel type and end-use as referenced above.

The countries covered in the thin film transistor (TFT) display market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

North America dominates the thin film transistor (TFT) display market because of the introduction of advanced technology along with rising disposable income of the people within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in demand for consumer electronics, and semiconductor manufacturing industry in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter"s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The thin film transistor (TFT) display market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies" focus related to thin film transistor (TFT) display market.

Dublin, Sept. 27, 2021 (GLOBE NEWSWIRE) -- The "Global TFT LCD Display Panel Market Report and Forecast 2021-2026" report has been added to ResearchAndMarkets.com"s offering.

The global TFT-LCD display market attained a value of approximately USD 164 billion in 2020. Aided by use of TFT-LCD displays in automotive, the market is projected to further grow at a CAGR of 5.2% between 2021-2026 to reach USD 223 billion by 2026.

TFT-LCD display is a kind of liquid crystal display where each pixel is attached to a film transistor to improve colour quality, as each pixel on a TFT-LCD is attached to a transistor. TFT is deployed in all computer screens television screens since the start of century, because the technology offers better response time and improved colour quality than older technologies and prevents distortion of image. With favourable properties like light weight, slim, and high-resolution features, and due to the small size of each transistor, they consume less power owing to which TFT-LCD displays find applications in nearly every electronic device with a display including smartphones, television screens, computers, and PCs.

The market demand for TFT-LCD display can be attributed to increasing deployment of TFT-LCD display in average and large sized flat panel TVs in the household sector. The growing demand for slim, high resolution smart phones among the younger generation, owing to the work from home trends is further invigorating market growth. Other electronic devices like PCs and desktops that deploy TFT-LCD display for better screen resolution, sharp, and vibrant colours are supporting the market growth.

Due to the rapidly expanding industrialisation and a subsequent rise in disposable incomes, especially in emerging economies of the Asia-Pacific region like India and China, the market demand for personal vehicles equipped with LCD displays for specific functions and entertainment purposes is positively impacting the market growth of TFT-LCD displays. Furthermore, transportation vehicles like aeroplanes, trains, and, buses are emerging as users of TFT-LCD displays, aided by government spending on public transport. Therefore, a rising demand for TFT-LCD displays from the automotive sector is providing lucrative industrial growth opportunities.

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments of the key players in the industry.

ResearchAndMarkets.com is the world"s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Table 1: World Recent Past, Current & Future Analysis for TFT LCD Panels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 2: World Historic Review for TFT LCD Panels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR

Table 3: World 18-Year Perspective for TFT LCD Panels by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2023 & 2030

Table 4: World Recent Past, Current & Future Analysis for Television by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 5: World Historic Review for Television by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR

Table 7: World Recent Past, Current & Future Analysis for Mobile Phones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 8: World Historic Review for Mobile Phones by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR

Table 10: World Recent Past, Current & Future Analysis for Mobile PCs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 11: World Historic Review for Mobile PCs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR

Table 13: World Recent Past, Current & Future Analysis for Monitors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 14: World Historic Review for Monitors by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR

Table 16: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 17: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR

Table 19: World Recent Past, Current & Future Analysis for Large by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 20: World Historic Review for Large by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR

Table 22: World Recent Past, Current & Future Analysis for Medium & Small by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 23: World Historic Review for Medium & Small by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR

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Shipments of liquid crystal display (LCD) TV panels worldwide totaled 284 million last year, up 8.4 percent year-on-year, according to a report released by Beijing-based market researcher Sigmaintell Consulting.

BOE Technology Group Co Ltd, a leading domestic display producer, topped the global list for LCD TV panel shipments, shipping 54.3 million TV panels last year, up 27 percent year-on-year. LG Display followed with 48.6 million panels and Innolux Display Group with 45.1 million.

Sigmaintell estimated that large-screen TVs will witness explosive growth, and the proportion of 65-inch panels will increase to 7.3 percent in 2019, fuelled by the increased demand from both the consumer and commercial markets.

At the same time, super-large panels, at 75 to 86 inches, will also usher in rapid growth, injecting new vitality into the market this year, the report forecast.

After BOE"s Gen 10.5 TFT-LCD production line entered operation in Hefei, Anhui province, in December 2017, the company"s production capacity increased by over 40 percent in 2018 year-on-year, according to Sigmaintell. The plant produces high-definition LCD screens of 65 inches and above.

"China"s semiconductor display industry has taken large steps forward in the past decade, changing the display industry"s global competitive landscape. China has transformed into the world"s largest consumer market and manufacturing base for display terminals, with huge market potential," said BOE Vice-President Zhang Yu.

"The traditional LCD TV market is almost saturated and OLED TVs with innovative designs are in line with ongoing consumption upgrading," said Dong Min, vice-president of market consultancy All View Cloud.

Shenzhen China Star Optoelectronics Technology Co Ltd, a subsidiary of Chinese consumer electronics giant TCL Corp, said in November its Gen 11 TFT-LCD and active-matrix OLED production line had officially entered operation. The facility produces 43-inch, 65-inch and 75-inch LCD screens.

The global TFT-LCD industry has entered its mature stage. In the past 5 years, the overall output value of TFT-LCD is relatively stable and fluctuates around $130 billion. Among which, China has become the world’s largest TFT-LCD producer.

TFT－LCD (thin film transistor liquid crystal display) is an outcome of microelectronics technology and liquid crystal display technology, a kind of LCD, belonging to the active matrix LCD. TFT－LCD has a three-layer structure, among them, the upper glass substrate is a color filter, the lower glass substrate contains a transistor, and the liquid crystal is located between them. TFT－LCD has the following advantages: High resolution, strong interference immunity, low working voltage, low power consumption, long lifetime and wide application range.

TFT－LCD is widely used in TV, PC, laptops, tablets, projectors, car monitors, smart phones, wearable devices, smart homes and many other fields. The large global shipments of smart phones and computers as well as rapid development of wearable devices and smart home market, have brought robust demand for TFT-LCD.

Compared with the overseas market, China"s TFT-LCD production capacity has expanded rapidly in the past five years, and the output value has continued to grow. According to the "China Thin-Film Transistor Liquid Crystal Display Device (TFT-LCD) Industry Market Research Report in 2022-2026" released by the Newsijie Industry Research Center, China"s TFT-LCD production capacity accounted for more than 50% of the total global production capacity for the first time in 2020; China’s TFT-LCD production capacity accounted for 57% of the total global production capacity and its output value reached about 74 billion dollars in 2021. In 2021, Chinese enterprises including BOE, CSOT, Innolux Display Group, AUO and HKC had high shares in the global TFT-LCD market, among which, BOE is the world"s largest TFT-LCD manufacturer with strong competitiveness in the field of large-size TFT-LCDs.

With the continuous improvement in global display panel technologies as well as the incremental iteration and update of products, CRT has been eliminated and LCD has become the mainstream, meanwhile, OLED is squeezing the LCD market due to its lighter, thinner, flexible and transparent display and other advantages. The global TFT-LCD production capacity is concentrated in Chinese mainland, Taiwan and South Korea. In South Korean market, the panel makers such as Samsung and LG are phasing out LCD production lines to expand OLED production capacity. Although TFT－LCD is the current mainstream LCD product, only LG still has some large-size TFT-LCD production lines. TFT－LCD production capacity in overseas market is shrinking, therefore, although China"s TFT-LCD production capacity is expanding rapidly, the output value of global TFT-LCD is still stable.

The experts of Newsijie expressed that the shipment of TFT-LCD still accounted for 65% in the global display panel industry in 2021, far ahead of OLED"s 20%. In comparison, TFT-LCD shipment is relatively stable, and OLED has become the upgrade target of display panel with rapid growth in shipment. In the short term, TFT-LCD will still be the mainstream product in the display panel market, but in the future, its demand will gradually decline under the pressure of OLED; in the long term, the development space of TFT-LCD will shrink. China has become the world"s largest TFT-LCD producer with enterprises developed in scales and products with cost-effective advantages; China will further squeeze the development space of the TFT-LCD manufacturers in South Korea and Taiwan. In the future, Chinese TFT-LCD manufacturers are expected to lead the global TFT-LCD market.

Pune, Maharashtra, Jun. 06, 2020 (Wired Release) Prudour Pvt. Ltd: The COVID-19 explosion is now traveling around the world, this report take-up the impact of the virus on top growing companies in the TFT-LCD sector. This research report classifies LG Display, Innolux, AUO, Samsung Display, Sharp, BOE, Japan Display, CSOT, Tianma, CPT, CEC-Panda, Hannstar as the key vendors in the TFT-LCD market and also presents comprehensive study Covid19 impact analysis of the market by type (Large TFT-LCD (?9 Around 95% Market Share), Medium and Small TFT-LCD (9 Around 5% Market Share)), application (Notebook PC, 9‚€‚œTablet PC, Mini-Note PC, LCD Monitor, LCD TV, Public Display, Mobile Phones, Automotive Displays etc) and by geography (Americas, APAC, and EMEA).

Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are interpreted in Market.us study in a comprehensive manner. This rapidly changing market information can help readers understand the quantitative growth prospects of the TFT-LCD market during the forecast period.

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The report covers present market scenario as well as imparts future growth prospects of the TFT-LCD market for the period between 2020 and 2029. The report also immerses key drivers, hindrances, opportunities and trends that are affecting the expansion of the global TFT-LCD market. It attempts a long-term picture of the global TFT-LCD market, in order to help businesses seeking opportunities for making investments in the worldwide market.

The report provides an exhaustive synopsis of the international TFT-LCD market report that provides an in-depth evaluation of a global and regional level. The market engulfing an executive summary, introduction and sizing that elucidates the core trends influencing the market expansion. This chapter also sheds light on the impacts that the dynamics are likely to pose on the growth of the market in the long run. The report also imparts figures appertaining to CAGRs from a historical and forecast point of view. An overview of the global TFT-LCD market follows the executive summary and issues a clear picture of the markets scope to the report readers.

The TFT-LCD market is disintegrating and is highly competitive owing to the presence of major players and regional players. However, four major players dominate the market. All the dominant players are performing better than one another in one or two parameters and in this way, the competition in the TFT-LCD market is intensifying.

1. To scrutinize and research the global TFT-LCD status and future forecast hold, manufacturing production rate and ecosystem analysis, revenue, consumption, historical and forecast.

Market.us market research company based on the following procedures or techniques used to identify, select, process and analyze information about a TFT-LCD market. The experienced research professionals and consultant team have developed an exhaustive research methodology. Various parameters such as Macro-Economic Factors, Micro-Economic Factors, Technology and Innovation, Value Chain and market dynamics are evaluated for each market.

Global Market Forecasting used a modeling approach such as statistical techniques and forecasting. Both techniques are being used to estimate and forecast market data. Each regional market is evaluated separately.

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