London, 11 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the global TFT LCD display market 2015-2019, which is expected to grow at a CAGR of 3.62 % during the forecast period of 2014-2019.
“LCDs have gained popularity in the market as they are more cost-effective than conventional CRT displays. Features like light weight, reduced panel width, ability to be mounted on walls and low power consumption make them more user-friendly than conventional display systems.”
“The reduced thickness of LCD glass substrates is leading vendors to focus on manufacturing slimmer and lightweight devices. Slim TFT LCDs are easily available in the market, making it easier for the manufactures of thin LCD glass substrates to invest,” says Faisal Ghaus, Vice President of Technavio.
“Corning introduced its EAGLE XG glass substrate, which excludes heavy metals such as barium, arsenic, halogen compounds and antimony, thus making it eco-friendly and cost-efficient.”
Key Market Drivers
- Increased Popularity of LCDs
- Emergence of 3D LCD, UHD, and Smart TVs
- Increase in End-user Applications of LCDs
- Growing Demand for LTPS TFT LCD Displays
- Increased Demand for LCD Devices
Key Market Trends
- Reduced Thickness of LCD Glass Substrates
- Increased Innovation in Technology
- Emergence of Portable Display Devices
- Increased Adoption because of Government Regulations
Key Market Vendors
- AU Optronics Corp.
- Innolux Corp.
- LG Display Co. Ltd.
- Samsung Display
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
