Key vendors to strategically increase their sales through pro shops retail format
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five vendors for the global large area display market in their latest research report. This report also lists 10 other prominent vendors who are expected to contribute to this market’s growth between 2017-2021.
Competitive vendor landscape
The global market for large area displays is characterized by the presence of a few vendors who dominate the market. The manufacture of large displays is highly cost-intensive, which restricts new players from venturing into the market space. The global market is dominated by countries such as China, Japan, South Korea, and Taiwan in terms of production and revenue contribution.
According to Sunil Kumar Singh, a lead analyst at Technavio for research on displays, “The global market is currently experiencing a shift in preference for products with larger screens. The trend is spurred by the increased interest in gaming and video streaming, which is more seamless on a bigger screen.”
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Top five vendors in the large area displays market space
LG Display
LG Display manufactures TFT-LCD technology-based display panels that are used in notebooks, desktop monitors, tablets, entertainment systems, and automotive displays. The end-customers of the company include leading manufacturers of tablets, televisions, desktop monitors, notebooks, and mobile phones. It designs and manufactures display panels to meet various size and performance specifications including thinness, resolution, response time, weight, power consumption, color quality, and viewing angles.
Key products: OLED displays.
Samsung Display
Samsung Display focuses on increasing its profitability by maintaining a stable growth rate, which it intends to achieve through further diversification of its businesses. In March 2016, the company announced its acquisition of YESCO Electronics (rebranded as Prismview in January 2016), a LED sign and display manufacturer with more than 2,000 installations across the US and abroad.
Key products: OLED displays.
Innolux
Innolux manufactures, markets, and distributes TFT-LCD panel modules and touch panels for consumer electronics manufacturers. It offers TFT-LCD panel modules for TVs, desktop monitors, notebooks, medical, and industrial applications.
Key products: TFT-LCD panel modules.
AU Optronics
AU Optronics engages in the development, design, manufacture, and assembling of TFT-LCD panels that are used in monitors, televisions, mobile PCs, mobile devices, automobiles, industrial PCs, point of sale (POS) terminals, and ATMs. The company sells its products to OEM service providers and brand customers. It has manufacturing facilities in China and Taiwan. The company is focused on enhancing its technological strengths that will enable the development of many new products.
Key products: TFT-LCD panels.
BOE Technology
BOE Technology, formerly known as Beijing Orient Electronics, involves selling and manufacturing display technologies and its products and services. It sells TFT-LCD panels and modules, backlights, and display products and solutions in China and worldwide.
Key products: TFT-LCD panels.
Ask an analyst to know more about this report
A more detailed analysis is available in the Technavio report, Global Large Area Displays Market 2017-2021. Technavio also customizes reports by other regions and specific segments upon request.
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