What Are The 5 Takeaways From The Feedback And Reviews Management Software Market Overview 2024
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2077
The flat panel display market size has grown strongly in recent years. It will grow from $129.63 billion in 2023 to $138.21 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to technological advancements, consumer demand for high-quality displays, declining prices, emerging markets, regulatory standards, and environmental concerns. The flat panel display market size is expected to see strong growth in the next few years. It will grow to $179.41 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to the emergence of new display technologies, demand for flexible and foldable displays, the rise of augmented reality (AR) and virtual reality (VR), integration of displays in smart devices and IoT, and demand for energy-efficient displays. Major trends in the forecast period include continued growth in large-screen displays, convergence of display technologies, focus on sustainability and recyclability, personalization and customization, and rapid innovation cycles.
The rising automotive industry is expected to propel the growth of the flat panel display market going forward. The automotive industry encompasses the design, manufacturing, and sale of motor vehicles, including cars and trucks. This sector is growing due to technological advancements, increasing demand for electric and autonomous vehicles, and global economic expansion. Flat panel displays in automotive applications serve as vital components for infotainment systems, providing intuitive interfaces for navigation, entertainment, and vehicle diagnostics, thereby enhancing driving experience and safety. For instance, in May 2023, the European Automobile Manufacturers Association reported a 5.7% increase in global motor vehicle production to 85.4 million units in 2022, compared to 2021. Therefore, the rising automotive industry is driving the growth of the flat panel display market.
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What Are The Key Trends That Influence Flat Panel Display Share Analysis?
Companies in the flat panel display market are innovating with AI-enabled interactive flat panels to provide advanced features for enhanced customer experience. These panels integrate artificial intelligence to allow users to interact with digital content through touch, gesture, or voice commands. For instance, in May 2023, MAXHUB, a Netherlands-based provider of communication and audio-visual technologies, launched the AI-enabled V6 Series of interactive flat panels. The V6 series, available in sizes from 55 to 86 inches, features advanced audio-visual capabilities powered by AI to improve communication in corporate and educational settings. The series includes seamless screen sharing, robust whiteboard features, and exceptional audio-visual performance, designed to meet diverse collaboration and learning needs.
Which Market Players Are Driving Growth In The Flat Panel Display Market?
Major companies operating in the flat panel display market are Samsung Electronics Co. Ltd, Sony Corporation, Panasonic Corporation, Toshiba Corporation, BOE Technology Group, Applied Materials Inc., NEC Corporation, Sharp Corporation, LG Display Co. Ltd., Koninklijke Philips N.V., ASUSTeK Computer Inc., Tokyo Electron Limited, TCL Display Technology Holdings Limited, AU Optronics Corporation, Innolux Corp, Japan Display Inc., Planar Systems Inc., BenQ Corporation, Densitron Technologies Plc., Hannstar Display Corporation, Emerging Display Technologies Corporation, Novaled AG, Crystal Display Systems Ltd
How Is The Global Flat Panel Display Market Segmented?
1) By Technology: Liquid Crystal Display (LCD); Organic Light Emitting Diode (OLED); Light Emitting Diode (LED); Quantum Dot; Other Technologies
2) By Screen Size: Small Screen; Medium Screen; Large Screen
3) By Application: Smartphone And Tablet; Television And Digital Signage; Personal Computer (PC) And Laptop; Vehicle Display; Smart Wearable; Other Applications
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The Flat Panel Display Global Market Report 2024 provides an overview of the flat panel displaymarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The flat panel display market forecast analyzes flat panel display market size, flat panel display market share, leading competitor and their market positions.
The Table Of Content For The Flat Panel Display Market Include
1. Flat Panel Display Market Executive Summary
2. Flat Panel Display Market Segments
3. Flat Panel Display Market Size And Template Market Growth Rate
4. Key Flat Panel Display Market Trends
5. Major Flat Panel Display Market Drivers
……
25. Key Mergers And Acquisitions In The Flat Panel Display Market
26. Top Flat Panel Display Companies
27. Flat Panel Display Market Opportunities And Strategies
28. Flat Panel Display Market, Conclusions And Recommendations
29. Appendix
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