According to the latest report by IMARC Group, titled “TFT LCD Panel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global TFT LCD panel market reached a value of US$ 150.2 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 196.7 Billion by 2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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A thin-film-transistor liquid-crystal display (TFT LCD) panel is a liquid crystal display that is generally attached to a thin film transistor. It is an energy-efficient product variant that offers a superior quality viewing experience without straining the eye. Additionally, it is lightweight, less prone to reflection and provides a wider viewing angle and sharp images. Consequently, it is generally utilized in the manufacturing of numerous electronic and handheld devices. Some of the commonly available TFT LCD panels in the market include twisted nematic, in-plane switching, advanced fringe field switching, patterned vertical alignment and an advanced super view.

Global TFT LCD Panel Market Trends and Drivers:

The global market is primarily driven by continual technological advancements in the display technology. This is supported by the introduction of plasma enhanced chemical vapor deposition (PECVD) technology to manufacture TFT panels that offers uniform thickness and cracking resistance to the product. Along with this, the widespread adoption of the TFT LCD panels in the production of automobiles dashboards that provide high resolution and reliability to the driver is gaining prominence across the globe. Furthermore, the increasing demand for compact-sized display panels and 4K television variants are contributing to the market growth. Moreover, the rising penetration of electronic devices, such as smartphones, tablets and laptops among the masses, is creating a positive outlook for the market. Other factors, including inflating disposable incomes of the masses, changing lifestyle patterns, and increasing investments in research and development (R&D) activities, are further projected to drive the market growth.

Competitive Landscape With Key Players:

The report has also covered some of the major players operating in this market

• LG
• SAMSUNG
• INNOLUX
• AUO
• SHARP

Key Market Segmentation:

• On the basis of the size, the market has been bifurcated into large size TFT-LCD display panel and medium and small size TFT-LCD display panel. The large size TFT-LCD display panel presently represents the leading market segment.
• Based on the technology, the market has been classified into 8th generation and other generations. Among these, the 8th generation currently accounts for the majority of the total market share.
• On the basis of the application, the market has been segmented into television, mobile phones, mobile pcs, monitors, automotive and others. The television industry currently accounts for the largest market share.
• Based on the region, the market has been divided into North America, Asia Pacific, Europe, the Middle East and Africa and Latin America. Among these, North America holds the leading market position.

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Key Highlights of the Report:

• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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