GIA announces the release of a comprehensive global report on Flat Panel Displays markets. World market for Flat Panel Displays (FPDs) is projected to reach US$110 billion by the year 2017. Growth will be primarily driven by its widespread use as display devices in various electronic gadgets such as TVs, notebook computers, personal computers, mobile phones, and public display systems. Technology innovations, falling prices, and robust demand from developing markets bode well for the future of the market.
Flat Panel Displays (FPDs) have over the years infiltrated modern electronics with almost every available electronic gadget integrated with flat panel displays. As a vital human-machine visual interface system, FPDs are indispensable to most electronic devices that require human operation and as a result LCD and plasma technologies are now commonplace. In the television industry, penetration of flat panel displays has been huge with wall mounted TVs now accounting for a major chunk of the market. End-use applications of FPDs are steadily on the rise, expanding from televisions, desktop computers, laptops to digital signage, among others. For instance, ample opportunities exist in the automotive sector as display mediums for entertainment and driver assistance systems. FPDs can also tap into opportunities in the advertising sector, where they are used for both outdoor and indoor ad displays. FPDs are also becoming quite popular for buildings and transport applications, and are being increasingly used in digital picture frames, and public display mediums, which augurs well for the market. Thanks to the numerous R&D initiatives, FPDs, which carried high price tags until recently are becoming cheaper. In addition, the FPD technology is influencing the product development and design stages of the end-users’ manufacturing process. FPD manufacturers’ relentless R&D initiatives are likely to unveil a range of advanced FPD models in the near future.
LCD represents the largest market segment in the FPD market worldwide. The huge popularity of the technology can be primarily attributed to its advanced features and application benefits. Majority of the demand for LCDs will be driven by flat televisions, especially the large-size LCD televisions. The energy-efficient reflective and bi-stable LCDs are expected to gain a remarkable market share with regard to the portable applications including electronic books and personal digital assistants (PDA). Large-screen display applications such as large screen desktop monitors, and large screen notebook computers, and LCD televisions are proving to be primary contributors to the LCD market.
Organic light-emitting diode (OLED) displays are also rapidly gaining in popularity in the marketplace. In the next few years, fall in prices coupled with technology developments will further drive demand for OLED displays. Advantages of OLED displays include ability to operate at low voltages often in the range of 5 to 20 V, and lightweight monolithic form factor. The telecom equipment sector is expected to generate substantial demand for OLED displays over the next few years, thanks to the introduction of several state-of-art handsets and smartphones featuring active-matrix organic light-emit diode (AMOLED). AMOLEDs offer mobile phones, better capabilities and features such as superior picture quality, response time and contrast. In addition, AMOLEDs require lesser power consumption, resulting in longer battery life. Longer operation times offered by AMOLEDs make the product a good choice for smartphones. Spiraling demand for smartphones worldwide is therefore poised to directly benefit the market.
The consumer electronics industry in Europe remains nervous about the play out of the sovereign debt crisis drama. Consumer spending which continues to remain a key pillar of growth in the market continues to remain volatile and sensitive to shocks. The market is facing immediate hurdles, such as, credit restriction, consumer indecisiveness and fears of possible collapse of consumer confidence in the event of escalation in the severity of the debt crisis. Amid conflicting news on the success of Europe’s band-aid strategy of containing the crisis, market sentiments continue to swing between hope and concerns. For instance, bailout packages extended to Greece by the EU has and will continue to help the country avoid a sovereign default on its bond payments into the short-term. Although these short-term solutions do not provide a permanent solution to the crisis and in reality indicates deferring of conclusive, corrective action, market sentiments are nevertheless encouraged.
Bearish market sentiments indicate that tough government spending cuts and increase in taxes as part of the austerity measures could bring consumer spending under pressure in debt ridden economies. Although the Greek government under the leadership of Lucas Papademos, voiced intentions of implementing fiscal austerity packages (such as freeze on salaries in the public sector, increases in taxes, stricter penalties for tax evasion, increase in the retirement age, selective default” which involves voluntary’ write down of debts by the private sector, etc) to reduce the country’s widening deficits, similar measures are currently not seen as likely in relatively stronger economies with lower debt loads like in Germany and Italy.
Given the yet unclear signs of a possible rollover effect of the euro crisis, guarded optimism currently prevails in the marketplace. Market sentiments are additionally strengthened by the fact that the sovereign debt crisis has not yet been transmitted to the real economy as is indicated by the relative stability of the value of the Euro currency. The intrinsic value of the euro has been stable despite fears of massive inflation, and the Euro continues to remain the dominant world currency in comparison to the dollar. Germany’s relative resilience in handling the euro zone crisis is also helping strengthen confidence levels. Given the yet encouraging outlook for the German economy, the largest in the euro zone, it is not all gloom and doom as pessimists might view. Encouraging economic data such as comparatively lower levels of unemployment, better trade surplus accounts, and stable industrial output and manufacturing indices, indicate that the real German economy has not yet been impacted by the crisis as feared. This thereby discounts an across the board impact of a possible eurozone crisis which is still not confirmed as a technical recession. Consumer spending in Europe is therefore expected to be steady in 2012 despite the debt crisis.
As stated by the new market research report on Flat Panel Displays, Asia-Pacific represents the largest market worldwide. The region also ranks as the fastest growing market worldwide with a projected CAGR of 4.6% over the analysis period. The large production base for FPDs in the region, particularly in Taiwan, has and will continue to help the Asia-Pacific market to find success at the international level. OLEDs represent the fastest growing product market segment with the potential to wax at a CAGR of 7.7% over the analysis period.
Major players in the marketplace include AU Optronics Corp., Clover Display Limited, Chimei Innolux Corporation, Chunghwa Picture Tubes Ltd., Densitron Technologies PLC, Emerging Display Technologies Corp., Hantronix Inc., HannStar Display Corp., LG Display Co., Ltd., Microtips Technology Inc., Okaya Electric Industries Co., Ltd., Powertip Technology Corporation, Samsung Electronics Co., Ltd., Sharp Corporation, Toshiba Mobile Display Co., Ltd., Universal Display Corporation, Viewsonic Corporation, among others.
The research report titled “Flat Panel Displays (FPDs): A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in value sales for major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, & Rest of Europe), Asia-Pacific, and Rest of World. Product segments analyzed include LCDs (AMLCDs, PMLCDs & Segmented LCDs), PDPs, EL Displays, OLEDs, LED Displays, VFDs, and FEDs among others. End-use industries analyzed include Information Systems, Personal Computers, Telecom Equipment, Instrumentation, Consumer Appliances, Transportation Equipment, and Medical Devices, among others.
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Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.
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Source: Global Industry Analysts