Driving Growth with Flat Panel Display Innovations 2024-2033
The Business Research Company’s Flat Panel Display Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, June 18, 2024 /EINPresswire.com/ — The flat panel display market, defined by its thin, lightweight design and superior image quality, is poised for significant growth. From $129.63 billion in 2023, the market is expected to grow to $138.21 billion in 2024, reflecting a compound annual growth rate (CAGR) of 6.6%. This growth can be attributed to technological advancements, increasing consumer demand for high-quality displays, declining prices, expansion into emerging markets, adherence to regulatory standards, and heightened environmental awareness.
Rising Demand for Advanced Display Technologies Drives Market Expansion
The forecast period anticipates robust growth, with the market projected to reach $179.41 billion by 2028, growing at a CAGR of 6.7%. Key drivers include advancements in display technologies, such as flexible and foldable displays, augmented reality (AR) and virtual reality (VR) applications, integration into smart devices and IoT, and the pursuit of energy-efficient solutions. Major trends shaping this period include the proliferation of large-screen displays, convergence of display technologies, sustainability initiatives, personalization trends, and rapid innovation cycles.
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Major Players Innovate to Meet Evolving Consumer Demands
Industry leaders like Samsung Electronics Co. Ltd., Sony Corporation, and LG Display Co. Ltd. are pioneering AI-enabled interactive flat panels to enhance user interaction with advanced features. For example, MAXHUB recently launched the AI-enabled V6 Series, featuring sizes ranging from 55 to 86 inches. These panels integrate cutting-edge AI capabilities to optimize communication and collaboration in corporate and educational settings, offering seamless screen sharing, robust whiteboard functionalities, and superior audio-visual performance.
Market Segmentation and Insights
Technology Segmentation:
• Liquid Crystal Display (LCD)
• Organic Light Emitting Diode (OLED)
• Light Emitting Diode (LED)
• Quantum Dot
• Other Technologies
Screen Size Segmentation:
• Small Screen
• Medium Screen
• Large Screen
Application Segmentation:
• Smartphone And Tablet
• Television And Digital Signage
• Personal Computer (PC) And Laptop
• Vehicle Display
• Smart Wearable
• Other Applications
Regional Insights: North America Leads, Asia-Pacific Emerges as Fastest-Growing Region
North America dominated the flat panel display market in 2023, driven by technological innovation and high consumer adoption rates. Meanwhile, Asia-Pacific is expected to experience the fastest growth during the forecast period, fueled by expanding consumer electronics markets and technological advancements across various industries.
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Flat Panel Display Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Flat Panel Display Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on flat panel display market size, flat panel display market drivers and trends, flat panel display market major players, competitors’ revenues, market positioning, and market growth across geographies. The flat panel display market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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