TechNavio recognizes the following companies as the key players in the Global LCD Glass Market: Samsung Corning Precision Materials Co. Ltd., Asahi Glass Co. Ltd., Nippon Electric Glass Co. Ltd., and Corning Inc.
Commenting on the report, an analyst from TechNavio’s team said: “A reduction in the thickness of LCD glass substrates used in flat panel displays facilitates the use of thinner and lighter LCD panels. Thinner and lighter LCD displays have a huge potential for usage in mobile applications, which is expected to increase the demand for LCD glass in the market. This will in turn help flat panel display manufacturers to enhance their value proposition to customers. As a result, the demand for LCD TVs is expected to increase during the forecast period, thereby propelling the demand for LCD glass.”
According to the report, one of the major drivers in this market is the increasing popularity of LCDs among consumers. LCDs are increasingly being preferred over the conventional display systems such as CRT displays. Moreover, LCDs offer several advantages over CRT displays due to their light weight and better display quality. Thus, the increasing popularity of LCD devices will drive the adoption of LCD glass, thereby fostering the growth of the market during the forecast period.
Further, the report states that one of the key challenges in this market is the high cost of LCDs, resulting in their weak demand. The weak demand for LCDs is also attributed to the decreased adoption of computer PCs and notebook PCs.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Avanstrate Inc., IRICO Group Electronics Co. Ltd., and LG Display.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-lcd-glass-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global LCD Glass Market 2012-2016
