Flat display panel is an electronic display device, generally utilized to enable the people to see content (moving images, text, still images, or other visual material) in consumer electronics, personal computer, entertainment, and mobile devices, and several types of transportation, medical and industrial equipment. Flat panel displays can be categorized as self-illuminating and passively illuminated (non-luminous). Self-illuminating display panels have many attractive features such as fast response times and wide viewing angles from all directions. In addition, passively illuminated display panels utilize the external light, so they are considered as ideal for mobile applications because it is comparatively easy to lower power consumption.
Tech-enabled advances in the monitor display technologies have been transforming numerous industries such as consumer electronics, sports & entertainment, and automotive. Flat display panels have been a fundamental customer choice as they are very thin & lightweight. Additionally, flat panel displays are seeing greater preference over the traditional cathode-ray tubes (CRT), given their more-pixel support resolution, reduced energy consumption and wider contrast setting options.
As per analysis, “Global Flat Display Panel Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” few of the leading companies operating in the global flat display panel market include Sony Corporation, Planar Systems, Inc, NEC Display Solutions Ltd., ADFLOW Networks Inc., Sharp Corporation, Omnivex Corporation, Samsung Electronics Co., Ltd., LG Display Co., Ltd., AU Optronics Corporation and among others.
In the consumer electronics industry, flat display panels are becoming an integral component of devices for instance smart-phones, laptops, desktop monitors, televisions and digital cameras. Moreover, advanced electronic viewing technology is finding massive use in the automotive industry in the human-machine interface (HMI) as well as in the education industry in the interactive touch-based devices.
Rise in demand for automotive displays from automotive industry, followed by high demand for smart-phones, increase in focus on the technological advancements, rise in the applicability in video-games & entertainment industry and growth in demand for flat panel displays due to less power consumption and cost effective are major growth factors of global flat display panel market. Apart from this, difficulties in manufacturing defect free panel are major challenge for market. Moreover, growth in automobile & electronic industry ad increase in the distribution channels are leading opportunities for market. Furthermore, increase in use of flat panel displays in various instruments and launching of new organic LED lighting techniques that allow for bendable display screens by manufacturers are key trends for global market.
By geographic analysis, the North-America region holds major share in global flat display panel market because of rise in demand for vehicle display technology and growth in advancements in production technology across the region. The Asia-Pacific and Europe regions are estimated to exhibit considerable growth rate owing to increase in application of flat displays panels for a wide range of applications for instance smartphone & tablet, television & digital signage, smart wearable, PC & laptop, vehicle display, and others over the forecast period. It is predicted that global flat display panel market will be breached at rapid pace caused by rise in consumer demand for large LCD televisions during the forecast period.
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Ankur Gupta, Head Marketing & Communications