This market research report by Technavio segments the global large area LCD display market by application (small and medium area displays and large area displays) and by geography (APAC, EMEA, and the Americas). The report also analyzes the leading vendors in this market, including AU Optronics, Innolux, LG Display, and Samsung Display.
Technavio has released updated information on the LCD market, with the publication of its new market research report, global large area LCD display market. The global large area LCD display market is expected to grow at a CAGR of around 3%, owing to the advent of 3D TVs and UHD TVs. APAC dominates the global market for large area LCD display, accounting for 83% of the total market share. High market share of this region can be attributed to the high concentration of display device manufacturers and LCD panel manufacturers in the APAC.
“The augmented end-user application of TFT LCDs is a major driving factor for the growth of this market. Large area LCDs, which are used in display systems such as TVs, monitors, and notebooks, are currently finding huge applications in the education and advertising industries. This increasing applicability of large area LCDs is expected to foster market growth during the forecast period,” says Navin Rajendra, Lead Analyst, Hardware & Semiconductor, Technavio Research.
OEMs in the global large area TFT LCD display market are making constant modifications in the LCD displays. For instance, they have incorporated LED backlight units in the display systems, leading to the development of HD LCD glass. These LED-backlit LCD displays are thinner, have display images with better contrast, provide a wide color range, and are more durable.
The leading vendors in the global large area LCD display market include AU Optronics, Innolux, LG Display and Samsung Display. Vendors operating in this market focus on establishing relationships with their customers in order to sustain themselves in the market. Competition in this market is intense due to the limited number of customers. Additionally, most of the vendors are established in the APAC region, which is considered to have the highest potential for growth during the forecast period.
A more detailed analysis is available in the Technavio report, Global Large Area LCD Display Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other Related Reports:
- Global TFT LCD Display Market 2015-2019
- Global LCD Glass Market 2015-2019
- Global Smartphone Display Market 2015-2019
- Global LCD Glass Market 2012-2016
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