Authored By: Sarah
11 Jul 2024

 Thin Film Transistor (TFT) Liquid Crystal Display (LCD) Market Size to grow by USD 48 billion between 2024-2028

According to a research report “ Thin Film Transistor (TFT) Liquid Crystal Display (LCD) Market” by Application (Television, Mobile phones, Monitors, Others) Type (Large displays, Small and medium displays) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 48 billion, at a CAGR of  5.58% during the forecast period. In today's business landscape, digital signage has emerged as an indispensable tool for retailers seeking to engage customers and drive sales. By utilizing TFT Liquid Crystal Displays (LCDs) for digital signage applications, businesses can effectively showcase customized messages, promotions, and information to their audience in real-time. The retail sector, in particular, has embraced this technology due to its ability to increase customer engagement, enhance the shopping experience, and provide targeted content that directly influences purchasing decisions. Compared to traditional advertising media like posters and banners, digital signage offers several advantages, including flexibility, interactivity, and the ability to deliver dynamic content. These factors make TFT LCD digital signage a more effective and valuable investment for businesses looking to connect with their customers and boost sales.

Browse market data tables, figures, and in-depth TOC on “Thin Film Transistor (TFT) Liquid Crystal Display (LCD) Market” by Application (Television, Mobile phones, Monitors, Others) Type (Large displays, Small and medium displays) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Television segment is projected to dominate the market size in 2024

In the dynamic business landscape, Thin Film Transistor (TFT) Liquid Crystal Displays (LCDs) have emerged as a preferred choice for large-format digital signage applications. These advanced TFT LCDs, which are significantly larger than standard LCDs, offer superior pixel control through TFT technology. This results in higher resolution and more accurate color reproduction, making them indispensable for businesses seeking to showcase high-quality videos, images, and graphics. The burgeoning demand for large TFT LCDs can be attributed to the increasing popularity of digital signage in diverse sectors such as retail, transportation, museums, and public spaces. By providing an engaging and visually appealing medium for marketing and advertising, large TFT LCDs have become a strategic investment for businesses aiming to captivate their audience and enhance their brand image.

By Type, Large displays  segment is expected to hold the largest market size for the year 2024

The television segment held a significant market share in the global Thin Film Transistor (TFT) Liquid Crystal Display (LCD) market in 2023, with projections indicating its continued dominance throughout the forecast period. This trend is attributed to the increasing consumer preference for televisions featuring large-sized TFT LCDs and advanced technological innovations. With the surge in demand for high-resolution displays offering superior picture quality, the television industry is witnessing a shift towards TFT LCDs. Moreover, the integration of Internet of Things (IoT) and smart technologies in televisions has further fueled the market growth, as consumers seek improved user experiences, enhanced functionality, and greater convenience. These factors collectively underscore the robust demand for TFT LCDs in the television segment.

North America is forecasted to hold the largest market size by region in 2024

In North America, the education sector has witnessed significant advancements, with the adoption of digital classrooms and e-learning becoming increasingly prevalent. The availability of advanced electronic devices such as e-book readers, tablets, and laptops, coupled with improved Internet connectivity, has driven this trend. Consequently, educational institutions in the region are continually upgrading their hardware infrastructure to accommodate advanced applications and technologies, including Thin Film Transistor Liquid Crystal Displays (TFT LCDs). As the largest technology market globally, the US accounts for over 30% of the tech industry's revenue in 2023 and is projected to expand further during the forecast period. This market dynamism offers significant opportunities for the TFT LCD market to thrive in North America.

The Thin Film Transistor (TFT) Liquid Crystal Display (LCD) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • AUO Corp.
  • BOE Technology Group Co. Ltd.
  • E Ink Holdings Inc.
  • FORMIKE ELECTRONIC CO. LTD.
  • Fujitsu Ltd.
  • Hannstar Display Corp.
  • Hitachi Ltd.
  • Japan Display Inc.
  • LG Electronics Inc.
  • Midas Components Ltd.
  • Orient Display USA Corp.
  • Panasonic Holdings Corp.
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.
  • Sony Group Corp.
  • TCL Electronics Holdings Ltd.
  • Tianma Microelectronics Co. Ltd.
  • Toshiba Corp.
  • Truly International Holdings Ltd.
  • WINSTAR Display Co. Ltd
.

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Research Analysis Overview

The Thin Film Transistor (TFT) Liquid Crystal Display (LCD) market has experienced significant growth in recent years, driven by the increasing demand for advanced display technologies in various consumer electronic goods. TFT LCD displays are widely used in smartphones, televisions, computers, and other flat panel displays due to their high resolution, fast response time, and low power consumption. Organic TFT technology, a type of TFT LCD, offers improved performance and flexibility. TFT LCDs have a fast refresh rate, making them ideal for use in high-speed applications such as gaming and video. In addition, TFT LCDs have applications beyond consumer electronics. They are used in microelectronic devices for chemical and biochemical sensing in fields like medical science and X ray detection. Flexible TFT LCDs have gained popularity in the development of flexible electronics, robotics, and wearable technology. High resolution TFT LCDs are used in various applications including personal digital assistants, navigation systems, television screens, computer monitors, projectors, handheld video games, and mobile phones. The market for TFT LCDs is expected to continue growing as the demand for advanced display technologies increases. In summary, TFT LCDs, powered by TFT technology, are versatile display solutions used in various consumer electronic goods, medical science, and industrial applications. Their fast response time, low power consumption, and high resolution make them a preferred choice for high-speed and high-definition applications. The market for TFT LCDs is expected to grow further as the demand for advanced display technologies continues to increase.

Market Research Overview

The Thin Film Transistor (TFT) Liquid Crystal Display (LCD) market is a significant segment in the electronic display industry, driven by the demand for high-quality, energy-efficient displays. TFT LCD displays utilize a semiconductive layer, sandwiched between a conductive and dielectric layer, to create electronic control devices. These displays are used in various applications, including monitors, smartphones, laptops, televisions, computers, and flat panel displays. TFT LCD technology, which includes Organic TFT, offers advantages such as high resolution, low power consumption, fast response time, and low refresh rate. Beyond consumer electronic goods, TFT LCDs have applications in non-LCD sectors like chemical and biochemical sensing, X-ray detection, microelectronic devices, medical science, flexible electronics, robotics, and smart cities. TFT LCDs are also used in various devices like electronic readers, personal digital assistants, navigation systems, projectors, handheld video games, mobile phones, and more. The versatility and efficiency of TFT LCD technology continue to drive innovation and growth in the market.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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