Technavio, a tech-focused market research firm, has published a new report on the global FPD equipment market, which is expected to experience a slow but steady growth rate with a CAGR of close to 1% during the forecast period 2017-2021.
This latest report by Technavio covers the market outlook and growth prospects of the global FPD equipment market for 2017-2021, considering 2016 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global FPD equipment market into the following key regions: APAC, the Americas, and EMEA.
Geographical segmentation of the global FPD equipment market for 2016 (market share %)
|
APAC |
86.6% |
|
Americas |
12.0% |
|
EMEA |
1.5% |
Source: Technavio
APAC: largest revenue generating region for FPD equipment
During 2016, APAC accounted for almost 87% of the global FPD equipment market. The market is flourishing in this region owing to the high concentration of display device manufacturers and LCD and OLED panel manufacturers in the region. Many monitor, laptop/notebook, tablet, and TV manufacturers such as Samsung Display, LG Display, Sony, Lenovo, Apple, and Toshiba have manufacturing sites located in South Korea, Taiwan, Japan, and China. Furthermore, several display panel manufacturers are present in APAC. For instance, BOE and CSOT are present in China, LG Display and Samsung Display in South Korea, AU Optronics, Innolux, CPT, and HannStar Display in Taiwan, and Sharp and Panasonic LCD in Japan.
According to Sunil Kumar Singh, a lead analyst at Technavio for embedded systems, “Flexible displays are gaining traction in the global market for FPD equipment. Flexible displays are thin electronic display screens, which are light weight, foldable, and bendable next-generation displays. These displays can be rolled up without losing their display capabilities; they can be manipulated without breaking. Currently, many of the industry participants are working toward the development of flexible displays for smartphones, tablet computers, and advanced consumer electronic devices.”
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FPD equipment market in the Americas
Contribution of the Americas in the global market was low compared with APAC because of the lower concentration of OEMs in the region. In the Americas, major OEMs are Apple, Google, and Microsoft, which have products that use LCD displays. Apple’s flagship products and iPad series use TFT-LCD displays. The market in the Americas accounted for around 12% of the global market in 2016 and is expected to undergo moderate growth during the forecast period.
FPD equipment market in EMEA
The number of OEMs present in the market in EMEA is relatively less, which reflects on the demand for FPD equipment. However, the FIFA World Cup, which is scheduled to be held in Russia in 2018, is expected to spur the demand for high resolution TVs, resulting in high demand for FPDs in the region. Furthermore, the expansion of broadband services and Internet-related content are the primary factors driving the adoption of UHD TVs. Operators and broadcasters in Europe are anticipated to raise the supply and availability of 4K UHD content, which will boost the demand for 4K UHD TVs, thereby resulting in considerable unit shipment of FPDs for TVs.
The top leading vendors operating in the global FPD equipment market are:
- Applied Materials
- Manz
- Tokyo Electron
- ULVAC
Other prominent vendors in the market include JTEKT, Lasertec, and Soleras Advanced Coatings.
A more detailed analysis is available in the Technavio report tilted, ‘Global FPD Equipment Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Interactive Flat Panel Market 2016-2020
- Global 3D Display Market 2016-2020
- Global Curved Display Devices Market 2016-2020
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