PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1279578
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1279578
The flat panel display (FPD) equipment market is projected to grow at a CAGR of 3.35%, reaching US$8.763 billion in 2028 from US$6.956 billion in 2021. Flat panel display (FPD) equipment refers to a range of manufacturing machines and tools used in producing flat panel displays, which are electronic visual display technologies used in various devices such as televisions, computer monitors, and mobile devices. FPD equipment is an essential component of the FPD manufacturing process, and it includes multiple machinery and tools used for different stages of the manufacturing process. The FPD equipment includes several machines, such as photolithography equipment, used to create patterns on the display substrate, and thin-film deposition equipment, used to deposit various layers of materials on the substrate. Other equipment includes sputtering systems, etching equipment, chemical vapor deposition (CVD) equipment, and encapsulation equipment. All of these machines play a critical role in the production of high-quality flat-panel displays.
FPD equipment is essential to the production of high-quality flat-panel displays. The quality of the displays produced depends on the quality and precision of the equipment used in the manufacturing process. As display technology continues to advance, the demand for advanced FPD equipment is expected to grow.
The flat panel display (FPD) equipment market based on the physical vapor deposition (PVD) type is expected to grow significantly during the projected period. PVD is a widely used process for the deposition of thin films in FPD manufacturing. This process is used for the deposition of metal and dielectric films on various substrates, including glass, silicon, and plastic. The growing demand for high-resolution displays and the increasing adoption of organic light-emitting diode (OLED) technology are driving the growth of the PVD equipment market.
Based on geography, the flat panel display (FPD) equipment market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The flat panel display (FPD) equipment market in North America is mainly driven by the high demand for consumer electronics, such as smartphones, laptops, and tablets. The US is a major market in the region due to the presence of major FPD equipment manufacturers such as Applied Materials, Inc., and Lam Research Corporation. Moreover, the increasing demand for large-size FPDs in the commercial sector, such as digital signage and television displays, is also driving the market growth in the region. In addition, the trend towards high-definition displays is also driving demand for FPD equipment that can produce such displays. Furthermore, the region is witnessing significant automotive sector growth, another factor driving demand for FPD equipment. With the increasing adoption of electronic displays in the automotive industry for infotainment systems and digital dashboards, the demand for FPD equipment is expected to grow.