The LCD Market is estimated to grow at 5.2% CAGR in 2020-2031 with a market size of 280.98 Billion
Electronic gadgets using Liquid Crystal Displays (LCDs), such as televisions, mobile phones, & other devices, provide new prospects for the LCD industry. LCDs have grown in popularity in recent years because of their superior features, including low power consumption, compact size, and low cost.
Furthermore, LCD technology has advanced significantly over the last two decades. Active LCDs are used in a range of electronic displays now accessible. Due to rising demand for LCDs & low-power electronic goods, also growing demand for touch-enabled displays, the LCD industry is one of the fastest-growing markets.
LCDs are currently compatible with high-mobility electronic devices. In all established and developing countries, LCDs with enhanced video quality are gaining traction. The worldwide LCD panel market is expecting benefits from these aspects.
COVID-19 Impact Assessment
COVID-19 has impacted the electronics sector adversely. Electronic component supply has gone from overcapacity to scarcity and prolonged lead times as a result of the international push for people to work and educate from home, as well as an increase in demand for medical products. The suspension of manufacturing and the attempt to make up with past demand added to the problem. The industrial sector has been hampered by the closure of older, less competitive fabs, which has resulted in a loss of small gen fab capacity. With the downturn in cell phone demand, the display industry was in oversupply before COVID-19. With the growing demand for laptops, monitors, and even televisions, this capacity has been overburdened, resulting in scarcity. This scarcity affected not just the display business but also fundamental components such as resistors and capacitors. Longer lead times, higher prices, and a reluctance to initiate new display initiatives are result of the pandemic.
Key Trends & Drivers
The need for energy-efficient electronic devices, and larger 4K televisions, are significant growth drivers for the LCD industry. Furthermore, the worldwide LCD market is growing due to an increase in demand for energy-efficient electronic gadgets. The LCD market is boosted by rising demand for high-quality screens, rising living standards & disposable money. Furthermore, the worldwide LCD market is driving the growth in the use of consumer electronic gadgets. However, when compared to other modules, one of the main difficulties of the LCD industry is the high cost and thickness of the display of these devices. Due to a decrease in numerous LCDs, the LCD panel industry is likely to develop at a slow and uncertain pace. Furthermore, financial instability and macroeconomic conditions in the world, such as shifting currency exchange rates and economic problems, are some of the main reasons impeding the LCD markets growth. However, the LCD markets development is limiting by growing competition from other technologies and the LCD panels complicated structure.
AU Optronics, Samsung Display, Innolux, LG Display, HannsTouch Solution, InfoVision Optoelectronics, Sharp, Panasonic, CPT Corporation, and BOE Technology Group Co. are some of the competitors in the worldwide LCD industry.
Due to a rise in demand for consumer electronic gadgets, North America now maintains the largest market share for LCDs. Asia Pacific is likely to become the most dominant region for the LCD market due to the presence of LCD manufacturers in China and Japan.
Additionally, the unorganized LCD market in China, Japan, and India is placing global LCD producers in a competitive position. Furthermore, due to the growing use of consumer electronics products, Europe is the fastest-growing market for LCDs. Over the last 12 months, worldwide demand for LCD has skyrocketed. The use of LCDs in various sectors is driving the LCD panel market.
• Historical data available (as per request)
• Estimation/projection/forecast for revenue and unit sales (2021-2031)
• Data breakdown for every market segment (2021-2031)
• Gross breakdown for every market segment (2021-2031)
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry and Revenue Segmentation
Type Analysis (Revenue, USD Million, 2020-2031)
• Small Size LCD
• Medium Size LCD
• Large Size LCD
Application Analysis (Revenue, USD Million, 2020-2031)
• Smart Phones & Tablets
• Desktops & Laptop
• Wearable Devices
• Other Applications
Key Company Analysis (Revenue, USD Million, 2020-2031)
• AU Optronics
• Samsung Display
• LG Display
• HannsTouch solution
• InfoVision Optoelectronics
• CPT Corporation
• BOE Technology Group Co.
Regional Analysis (Revenue, USD Million, 2020 – 2031)
• United States
• United kingdom
• South Korea
• Saudi Arabia
• Rest of the world
• United LCD Industry Research Report
• Europe LCD Industry Research Report
• Asia LCD Industry Research Report