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Market Research Report

Global Display Panel Market - Segmented by Technology, Size, Form Factor, Resolution(8K, 4K, and WQHD), Application, and Region - Growth, Trends, and Forecast

Published by Mordor Intelligence LLP Product code 635811
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Global Display Panel Market - Segmented by Technology, Size, Form Factor, Resolution(8K, 4K, and WQHD), Application, and Region - Growth, Trends, and Forecast
Published: April 26, 2018 Content info: 89 Pages
Description

In 2017, the display panel market was valued at USD 163.73 billion, which is expected to reach a value of USD 234.89 billion by 2023, registering a CAGR of over 6.2%, during 2018-2023 (the forecast period). The report provides a detailed view of the display panel market, across various sizes, technologies, form factors, resolutions, and the applications of display panels. North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regions included in the report.

The key players in the display panel market have been working on innovations, in terms of technological advancements, in order to meet the needs of many industries. OLED has been the emerging technology, which is largely driven by the demand for mobile phones and tablets. In addition, smart phones are expected to offer larger screens and higher resolutions, as the demand for flexible products is on a rise.

Growth in the Demand for OLED Panels for Television

All the electronic device players are receiving a huge demand for OLEDs panels, due to the various benefits offered by OLED panels, such as low power consumption, extending the battery's energy retention levels, and the growth in popularity for slimmer electronic devices. Further, they offer a better picture quality than the mainstay LCD screens and are more flexible. The biggest advantage that OLED technology offers is that it has no backlight, therefore, each pixel has its own light source and offers an excellent viewing angles. Because of this reason, companies are also shifting to OLED production due to falling profitability levels in the LCD market. This will supplement the demand for display panel market.

Rise in the Demand for Automotive Displays

Consumer demand is fueling the production of smarter and more efficient automobiles that require automotive displays, which can increase the functionality and safety. The factor propelling the adoption of automotive displays is an increase in the production of hybrid and electric vehicles. Moreover, replacements of older single-function displays, which use passive matrix LCDs, are leading to a growth of the automotive displays market. Manufacturers are increasing their R&D spending, in order to improve display technologies that may help to meet expanding connected car features. This is anticipated to trigger the growth of the display panel market during the forecast period.

Asia-Pacific is the Dominating Display Panel Market

Asia-Pacific dominates the global display panel market, as most of the manufacturers of display panels are present in this region. Besides, they have established infrastructure for consumer electronics manufacturing and panels, which help them to expand their manufacturing capabilities. In Asia-Pacific, China and India are expected to occupy the majority of revenue shares in the display panels market. Manufacturers are also investing heavily in R&D activities, to develop new technologies, which may further supplement the demand for display panel market.

Key Developments in the Market

Jan 2018 - LG Display, the world's leading innovator of display technologies, unveiled the Worlds' first 88-inch 8K OLED display. This new panel features the highest resolution with 33 million pixels, 16 times more than FHD and four times more than UHD. This development will be a milestone for 8K era and can increase the potential of OLED in display panels.

August 2017 - Japan Display Inc. planned the mass production of LTPS (Low temperature policy-silicon) LCDs for automotive display applications. With this, the automotive display panel market is expected to grow, which is likely to further leave an impact on the display panel market.

Major Players : AU OPTRONICS CORPORATION, BOE TECHNOLOGY GROUP CO. LTD, CHUNGHWA PICTURE TUBES LTD, HANNSTAR DISPLAY CORPORATION, INNOLUX CORPORATION, JAPAN DISPLAY INC., LG DISPLAY CO. LTD, SAMSUNG ELECTRONICS CO. LTD, PANASONIC CORPORATION, SHARP CORPORATION, amongst others.

Reasons to Purchase this Report

Current and future global display panel market outlook

Performance of various segments in the market

Different perspectives of the market with the help of Porter's five forces analysis

Segments and sub-segments expected to dominate the market

Regions expected to witness an expedited growth during the forecast period

Latest developments, market shares, and strategies employed by the major market players

3 months analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Table of Contents
Product Code: 58803

Table of Contents

1. Introduction

  • 1.1 Key Deliverables of the Study
  • 1.2 Study Assumptions
  • 1.3 Market Definition
  • 1.4 Key Findings of the Study

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

  • 4.1 Market Overview
  • 4.2 Factors Driving the Market
    • 4.2.1 Growth in Demand for OLED Panels for Television
    • 4.2.2 New Technologies and Applications for Large Screen Displays
    • 4.2.3 Increment in Demand for Public and Commercial Display Panels
    • 4.2.4 Rise in the demand for Automotive displays
  • 4.3 Factors Restraining the Market
    • 4.3.1 Over-capacity Resulting in Decrease in Asp and Revenues
    • 4.3.2 High Manufacturing Cost
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products or Services
    • 4.4.5 Competitive Rivalry among Existing Competitors

5. Global Display Panel Market Segmentation

  • 5.1 By Technology
    • 5.1.1 LCD
    • 5.1.2 OLED
    • 5.1.3 Others
  • 5.2 By Size
    • 5.2.1 Small & Medium
    • 5.2.2 Large
  • 5.3 By Form Factor
    • 5.3.1 Flat Panel
    • 5.3.2 Flexible Panel
  • 5.4 By Resolution
    • 5.4.1 8K
    • 5.4.2 4K
    • 5.4.3 WQHD(2k)
    • 5.4.4 FHD
    • 5.4.5 HD
    • 5.4.6 Others
  • 5.5 By Application
    • 5.5.1 TV
    • 5.5.2 Tablet
    • 5.5.3 Mobile Phone
    • 5.5.4 Desktop Monitor
    • 5.5.5 Digital Signage
    • 5.5.6 Notebook PC
    • 5.5.7 Automotive
    • 5.5.8 Others
  • 5.6 By Region
    • 5.6.1 North America
      • 5.6.1.1 US
      • 5.6.1.2 Canada
    • 5.6.2 Europe
      • 5.6.2.1 France
      • 5.6.2.2 Germany
      • 5.6.2.3 UK
      • 5.6.2.4 Rest of Europe
    • 5.6.3 Asia-Pacific
      • 5.6.3.1 India
      • 5.6.3.2 Japan
      • 5.6.3.3 South Korea
      • 5.6.3.4 Rest of Asia-Pacific
    • 5.6.4 Latin America
      • 5.6.4.1 Argentina
      • 5.6.4.2 Brazil
      • 5.6.4.3 Mexico
      • 5.6.4.4 Rest of Latin America
    • 5.6.5 Middle East & Africa
      • 5.6.5.1 Saudi Arabia
      • 5.6.5.2 South Africa
      • 5.6.5.3 United Arab Emirates
      • 5.6.5.4 Rest of Middle East & Africa

6. Competitive Intelligence - Company Profiles

  • 6.1 AU Optronics Corporation
  • 6.2 BOE Technology Group Co. Ltd
  • 6.3 Chunghwa Picture Tubes Ltd
  • 6.4 HannStar Display Corporation
  • 6.5 Innolux Corporation
  • 6.6 Japan Display Inc.
  • 6.7 LG Display Co. Ltd
  • 6.8 Samsung Electronics Co. Ltd
  • 6.9 Panasonic Corporation
  • 6.10 Sharp Corporation

List not exhaustive

7. Investment Analysis

8. Future of the Display Panel Market

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