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Flat Panel Display Market poised to reach US$ 217,682.7 million by 2033, expanding at a 3.8% CAGR | Future Market Insights, Inc.

Future Market Insights Global and Consulting Pvt. Ltd.
Future Market Insights Global and Consulting Pvt. Ltd.

The United States growing use of flat panel displays boosted its market share to 15.2% and is expected to stay a top market in the near future.

NEWARK, Del, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The flat panel display market is poised for significant growth in the coming years. It is projected to reach a value of US$ 149,441.2 million in 2023 and is expected to increase to US$ 217,682.7 million by 2033, at a CAGR of 3.8%.  

Flat panel displays find applications in various industries. In the entertainment sector, they offer high-resolution visuals, a wide colour gamut, and smart features, providing viewers with immersive and diverse content options.

In the computing and productivity realm, flat panel displays have become essential for professionals, gamers, and creative individuals who require high-quality visuals and seamless user experiences.

Request a Sample Report to Learn about the Recent Flat Panel Display Market

Mobile devices, such as smartphones, tablets, and smartwatches, have also embraced flat panel displays, revolutionizing the mobile technology landscape. Furthermore, flat panel displays play a crucial role in advertising and digital signage, enabling dynamic and engaging advertising experiences for businesses.

One emerging trend that is set to drive the sales of flat panel displays is the advancement in information technology. The demand for electronic devices like laptops, televisions, mobile phones, and tablets with flat-panel displays is on the rise.

Manufacturers are focusing on incorporating retina displays and Ultra High Definition (UHD) 4K technology to enhance pixel density and improve visual quality. The flat panel display market is witnessing significant growth and innovation, driven by:

  • Advancements in display technologies.

  • Increasing demand for high-quality visual experiences across various industries.

As technology continues to evolve, we can expect further enhancements and exciting developments in the flat panel display industry.

Key Takeaways from the Flat Panel Display Market Study

  • Sales of OLED displays are anticipated to expand at a 2.7% CAGR by the end of 2027.

  • The automotive application segment is projected to secure a CAGR of 4.9% in the coming years.

  • The consumer electronics segment is expected to rise at a CAGR of 3.3% and capture a significant market share.

  • In the United Kingdom, the demand for flat panel displays is anticipated to expand by 3.4% between 2023 and 2033.

  • In Japan, sales of flat panel displays are estimated to reach US$ 14.5 billion by 2027.

"Flat panel displays are transformative in the world of visual technology. These sleek and energy-efficient screens have become ubiquitous in various applications, from consumer electronics to signage and televisions, reshaping the way we view and interact with digital content," comments an analyst at Future Market Insights.

Competitive Landscape

The following flat panel display manufacturers hold a considerable sway in the global landscape

  • AU Optronics Corp.

  • Emerging Display Technologies Corp.

  • Innolux Corp.

  • Sharp Corporation

  • Japan Display Inc.

  • Universal Display Corporation

  • LG Display Co. Ltd.

  • Panasonic Corporation

  • Sony Corporation

Key Developments

  • AU Optronics collaborated with PlayNitride Inc., a Micro LED technology vendor, in April 2020 to create high-resolution flexible micro-LED display technology. AUO and PlayNitride combined their display and LED experience to create a leading 9.4-inch-high resolution flexible micro-LED display with a great 228 PPI pixel density.

  • LG Display exhibited its latest displays and technologies at the CES 2020 in Las Vegas from January 7 to 10, 2020. The firm might introduce a 65-inch Ultra HD (UHD) Bendable OLED panel and a 55-inch Full HD (FHD) Transparent OLED display.

  • LG Display announced the launch of its 8.5th generation (2,200mm x 2,500mm) OLED panel production factory in Guangzhou, China, in August 2019, with a capacity of producing 10 million large-size OLED panels per year.

Purchase now and seize this Opportunity for a Detailed Flat Panel Display Market Report

Flat Panel Display Market Segmentation

By Technology

  • Liquid Crystal Displays

  • Plasma Displays

  • Organic Light Emitting Diode Displays

By Application

  • Consumer Electronics

  • Television

  • Mobile Phones

  • Personal Computers

  • Automotive

By Region

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan

  • Japan

  • The Middle East & Africa

About the Author

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management across verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client's requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

Have a Look at the Related Reports of the Technology Domain:

Display Panel Market Size- Global display panel market demand is anticipated to be valued at US$ 148,053.0 million in 2023, forecast a CAGR of 4.4% to be valued at US$ 228451.9 million from 2023 to 2033.

Display Controllers Market Share- The display controllers market revenue totaled US$ 27,500 million in 2022. The display controllers market is projected to reach US$ 70,961 million by 2033, expanding at a CAGR of 9% from 2023 to 2033.

Head Mounted Display Market Scope- The head-mounted display market is to witness a CAGR of 25.9%. According to projections, the HMD market may increase from US$ 15.12 billion in 2023 to US$ 151.29 billion by 2033.

Head-Up Display Market Trend- The head-up display market size is projected to be valued at US$ 8.6 billion in 2023 and is expected to rise to US$ 46.0 billion by 2033. The sales of the head-up displays are expected to grow at a significant CAGR of 18.3% over the forecast period.

Display Drivers Market Analysis- The global display drivers market size is set to reach US$ 16.0 billion by 2032. It is likely to exhibit a CAGR of 6.8% in the assessment period. It stood at a valuation of around US$ 8.3 billion in 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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