Metal oxide TFT backplane: Key market research findings
- Increased production capacity drives market growth
- Smartphones account for majority of the market’s revenue
- Key vendors – AU Optronics, BOE Technology Group, LG Display, Samsung Display, and Sharp
Technavio’s market research analysts predict the global metal oxide TFT backplane market to grow at a CAGR of more than 24% in terms of unit shipments between 2016 and 2020. The expansion of production capacity is the primary driving force behind the increase in the demand for metal oxide thin film transistor (TFT) backplane. During 2015, the APAC region was the dominant shareholder in the global metal oxide TFT backplane market by accounting for almost 87% of the overall market space. The high concentration of display device manufacturers and LCD and OLED panel manufacturers coupled with a well-established supply chain for display devices in the region is expected to propel growth in the metal oxide TFT backplane market during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the metal oxide TFT backplane segments based on the application.
“The emergence of 3D 4K HDTVs is a trend that has been going on in the global metal oxide TFT backplane market in the recent past. There is a significant rise in the emergence of many 3D channels over the past few years owing to the increase in volume of 3D video content and its growing popularity. The enhanced visual experience of watching 3D content made possible by 3D 4K HDTVs is likely to contribute to its demand in the market in the coming years,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
During 2015, majority of the revenue from the global metal oxide TFT backplane market was generated by the smartphones segment, which accounted for around 68% of the overall market share. Display manufacturers opt for metal oxide technology in smartphones owing to their low power consumption and high resolution. The metal oxide TFT backplane market for smartphones market is expected to account for almost 65% of the total market space by 2020.
The key vendors in the market include AU Optronics, BOE Technology Group, LG Display, Samsung Display, and Sharp. The global metal oxide TFT backplane market is dominated by Sharp as it was the first company to commercialize the production process. APAC countries like Japan, China, Taiwan, and South Korea dominate this market not only in terms of product but revenue generation as well. This technology is being used by other vendors like Apple and Foxconn in the manufacture of their devices. Since metal oxide technology offers significant energy savings, it is encouraging other vendors to switch over from a-Si and LTPS. New vendors are entering this market in the hope of capitalizing on increased demand.
A more detailed analysis is available in the Technavio report, Global Metal Oxide TFT Backplane Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
