The Thin Film Transistor (TFT) Liquid Crystal Display (LCD) Market to grow at a CAGR of 4.75% from 2022 to 2027|Growing popularity of digital signage applications will drive market growth -Technavio

NEW YORK, July 27, 2023 /PRNewswire/ — The thin film transistor (TFT) liquid crystal display (LCD) Market is estimated to grow at a CAGR of 4.75% between 2022 and 2027. The market size is forecast to increase by USD 38.46 billion, according to Technavio – Download the Sample Report

TFT LCD market Insights –

• Vendors: 15+, Including AUO Corp., BOE Technology Group Co. Ltd., E Ink Holdings Inc., FORMIKE ELECTRONIC CO. LTD., Hannstar Display Corp., HannsTouch Solution Inc., Hitachi Ltd., Innolux Corp., Japan Display Inc., LG Electronics Inc., Midas Components Ltd., Orient Display USA Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., STONE Technologies, TCL Electronics Holdings Ltd., Tianma Microelectronics Co. Ltd., Truly International Holdings Ltd., Zhejiang Xinli Optoelectronic Technology Co. Ltd., and Sharp Corp. among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: application (television, mobile phones, monitors, and others), type (large displays, small, and medium displays), and geography (North America, APAC, Europe, South America, and Middle East and Africa)

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TFT LCD market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including – AUO Corp., BOE Technology Group Co. Ltd., E Ink Holdings Inc., FORMIKE ELECTRONIC CO. LTD., Hannstar Display Corp., HannsTouch Solution Inc., Hitachi Ltd., Innolux Corp., Japan Display Inc., LG Electronics Inc., Midas Components Ltd., Orient Display USA Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., STONE Technologies, TCL Electronics Holdings Ltd., Tianma Microelectronics Co. Ltd., Truly International Holdings Ltd., Zhejiang Xinli Optoelectronic Technology Co. Ltd., and Sharp Corp.

TFT LCD Market – Market Dynamics

Key Drivers

The growing popularity of digital signage applications is a key factor driving the market growth. Digital signage has proven to be an effective tool in attracting and engaging customers, leading to increased time spent by consumers in stores. Furthermore, it has a significant impact on customer purchase behavior. The rising popularity of digital signage is due to its ability to engage the audience and display targeted content.

TFT LCDs, known for their energy efficiency, fast refresh rates, and high-definition content display, play a key role in digital signage applications. These applications find their use at airports, hotels, public places, corporate lobbies, and interactive displays in retail stores. Additionally, the market continuously sees the introduction of new products to enhance digital signage applications. Hence, these factors are expected to drive market growth during the forecast period.

Major Trends

The launch of new products is a major trend in the market. Continuous product launches by vendors in the market are aimed at expanding their market share. For instance, in May 2022, BOE Technology introduced a new 95-inch OLED screen with an impressive 8K resolution and a 120 Hz refresh rate. This screen incorporates BOE’s super-sized OLED oxide rear panel technology.

Furthermore, Samsung announced plans in January 2023 to launch an 89-inch LTPS TFT-based microLED TV in the third or fourth quarter of 2023. This marks Samsung’s first MicroLED TV to utilize an LTPS TFT glass substrate instead of a printed circuit board, showcasing its focus on innovation. Hence, these factors are expected to drive Thin Film Transistor (TFT) Liquid Crystal Display (LCD) Market growth during the forecast period.

Significant Challenges

Risks associated with changes in the display industry are a significant challenge in the TFT LCD market. Investments in the display industry have experienced significant volatility, primarily due to display manufacturers’ limited and concentrated end-user applications. Currently, smartphones and related devices extensively use TFT LCDs due to their cost structure and technical support features. The growth of the TFT LCD market is related to the demand for TFT LCDs in these devices.

Additionally, the market is influenced by the emergence of new display technologies such as OLED, LTPS, new touch panel films, flexible displays, and metal oxide, which have a significant impact on the market. For example, the expansion of manufacturing facilities in South Korea is subject to changes in economic conditions. Thus, these factors are expected to restrict the TFT LCD Market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The TFT LCD market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this TFT LCD Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the TFT LCD market between 2023 and 2027
• Precise estimation of the size of the TFT LCD market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the TFT LCD market across North America, APAC, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of TFT LCD market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global TFT LCD market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global tft lcd market 2017 – 2021 ($ billion)

• 4.2 Application Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Television – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Television – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Television – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Television – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Television – Year-over-year growth 2022-2027 (%)

• 6.4 Mobile phones – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Mobile phones – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Mobile phones – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Mobile phones – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Mobile phones – Year-over-year growth 2022-2027 (%)

• 6.5 Monitors – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Monitors – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Monitors – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Monitors – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Monitors – Year-over-year growth 2022-2027 (%)

• 6.6 Others – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by Application 
• Exhibit 50: Market opportunity by Application ($ billion)
• Exhibit 51: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Type

• 7.1 Market segments
• Exhibit 52: Chart on Type – Market share 2022-2027 (%)
• Exhibit 53: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type
• Exhibit 54: Chart on Comparison by Type
• Exhibit 55: Data Table on Comparison by Type

• 7.3 Large displays – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Large displays – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Large displays – Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Large displays – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Large displays – Year-over-year growth 2022-2027 (%)

• 7.4 Small and medium displays – Market size and forecast 2022-2027 
• Exhibit 60: Chart on Small and medium displays – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Small and medium displays – Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Small and medium displays – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Small and medium displays – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Type 
• Exhibit 64: Market opportunity by Type ($ billion)
• Exhibit 65: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 71: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027 
• Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027 
• Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 91: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 95: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Japan – Market size and forecast 2022-2027 
• Exhibit 99: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027 
• Exhibit 103: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 South Korea – Market size and forecast 2022-2027 
• Exhibit 107: Chart on South Korea – Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on South Korea – Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on South Korea – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on South Korea – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ billion)
• Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 AUO Corp.
• Exhibit 119: AUO Corp. – Overview
• Exhibit 120: AUO Corp. – Business segments
• Exhibit 121: AUO Corp. – Key news
• Exhibit 122: AUO Corp. – Key offerings
• Exhibit 123: AUO Corp. – Segment focus

• 12.4 BOE Technology Group Co. Ltd. 
• Exhibit 124: BOE Technology Group Co. Ltd. – Overview
• Exhibit 125: BOE Technology Group Co. Ltd. – Business segments
• Exhibit 126: BOE Technology Group Co. Ltd. – Key offerings
• Exhibit 127: BOE Technology Group Co. Ltd. – Segment focus

• 12.5 E Ink Holdings Inc.
• Exhibit 128: E Ink Holdings Inc. – Overview
• Exhibit 129: E Ink Holdings Inc. – Business segments
• Exhibit 130: E Ink Holdings Inc. – Key news
• Exhibit 131: E Ink Holdings Inc. – Key offerings
• Exhibit 132: E Ink Holdings Inc. – Segment focus

• 12.6 FORMIKE ELECTRONIC CO. LTD. 
• Exhibit 133: FORMIKE ELECTRONIC CO. LTD. – Overview
• Exhibit 134: FORMIKE ELECTRONIC CO. LTD. – Product / Service
• Exhibit 135: FORMIKE ELECTRONIC CO. LTD. – Key offerings

• 12.7 Hannstar Display Corp. 
• Exhibit 136: Hannstar Display Corp. – Overview
• Exhibit 137: Hannstar Display Corp. – Product / Service
• Exhibit 138: Hannstar Display Corp. – Key offerings

• 12.8 HannsTouch Solution Inc. 
• Exhibit 139: HannsTouch Solution Inc. – Overview
• Exhibit 140: HannsTouch Solution Inc. – Business segments
• Exhibit 141: HannsTouch Solution Inc. – Key offerings
• Exhibit 142: HannsTouch Solution Inc. – Segment focus

• 12.9 Hitachi Ltd.
• Exhibit 143: Hitachi Ltd. – Overview
• Exhibit 144: Hitachi Ltd. – Business segments
• Exhibit 145: Hitachi Ltd. – Key news
• Exhibit 146: Hitachi Ltd. – Key offerings
• Exhibit 147: Hitachi Ltd. – Segment focus

• 12.10 Innolux Corp.
• Exhibit 148: Innolux Corp. – Overview
• Exhibit 149: Innolux Corp. – Product / Service
• Exhibit 150: Innolux Corp. – Key offerings

• 12.11 Japan Display Inc.
• Exhibit 151: Japan Display Inc. – Overview
• Exhibit 152: Japan Display Inc. – Product / Service
• Exhibit 153: Japan Display Inc. – Key offerings

• 12.12 LG Electronics Inc.
• Exhibit 154: LG Electronics Inc. – Overview
• Exhibit 155: LG Electronics Inc. – Product / Service
• Exhibit 156: LG Electronics Inc. – Key offerings

• 12.13 Orient Display USA Corp. 
• Exhibit 157: Orient Display USA Corp. – Overview
• Exhibit 158: Orient Display USA Corp. – Product / Service
• Exhibit 159: Orient Display USA Corp. – Key offerings

• 12.14 Panasonic Holdings Corp. 
• Exhibit 160: Panasonic Holdings Corp. – Overview
• Exhibit 161: Panasonic Holdings Corp. – Product / Service
• Exhibit 162: Panasonic Holdings Corp. – Key news
• Exhibit 163: Panasonic Holdings Corp. – Key offerings

• 12.15 Samsung Electronics Co. Ltd. 
• Exhibit 164: Samsung Electronics Co. Ltd. – Overview
• Exhibit 165: Samsung Electronics Co. Ltd. – Business segments
• Exhibit 166: Samsung Electronics Co. Ltd. – Key news
• Exhibit 167: Samsung Electronics Co. Ltd. – Key offerings
• Exhibit 168: Samsung Electronics Co. Ltd. – Segment focus

• 12.16 Sharp Corp.
• Exhibit 169: Sharp Corp. – Overview
• Exhibit 170: Sharp Corp. – Business segments
• Exhibit 171: Sharp Corp. – Key news
• Exhibit 172: Sharp Corp. – Key offerings
• Exhibit 173: Sharp Corp. – Segment focus

• 12.17 Tianma Microelectronics Co. Ltd. 
• Exhibit 174: Tianma Microelectronics Co. Ltd. – Overview
• Exhibit 175: Tianma Microelectronics Co. Ltd. – Product / Service
• Exhibit 176: Tianma Microelectronics Co. Ltd. – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations
• Exhibit 183: List of abbreviations

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