According to a new report Global Flat Panel Display Market, published by KBV research, The Global Flat Panel Display Market size is expected to reach $193.1 billion by 2028, rising at a market growth of 7.3% CAGR during the forecast period. High demand for automotive display technology, increased demand for OLED display devices in smartphones and tablets, and increased adoption of interactive touch-based devices in the education sector boost the growth of flat panel display market. However, growing adoption of flexible flat panel display is expected to provide the industry with potential growth opportunities. However, it is expected that high costs of new display technologies and steady growth of desktop PCs, notebooks and tablets will restrain the growth of the market.
LCD is the most favored technology in the world compared to various types of flat panel display technologies. New technologies are being implemented by manufacturers which offer improvement over conventional LCD displays. The OLED market is anticipated to witness a CAGR of 9.1% during (2022 - 2028). The LED market would grow a CAGR of 6% during (2022 - 2028).
The Television and Digital Signage market dominated the Global Flat Panel Display Market by Application in 2021. The Smartphone & Tablet market is witnessing a growth rate of 7.8% during (2022 - 2028). Additionally, The PC & Laptop market showcases prominent growth rate of 6.6% during (2022 - 2028).
In the regional market, North America recorded a substantial market share in 2021 in terms of revenue and is projected to maintain its dominant market position. Nonetheless, it is projected that the Asia-Pacific region will rise at the highest CAGR due to advances in display technologies and an increase in people's purchasing power. The Europe market is expected to witness a CAGR of 6.5% during (2022 - 2028).
Structural Insights: https://www.kbvresearch.com/flat-panel-display-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsung Electronics Co., Ltd., Panasonic Corporation, Sony Corporation, LG Display Co., Ltd., AU Optronics Corporation, Universal Display Corporation, Quixant PLC (Densitron Technologies Plc.), Emerging Display Technologies Corporation, NEC Corporation and Sharp Corporation.
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