TFT-LCD Market Size to Reach 195 Billion by 2023 | Research Cosmos

TFT-LCD Market Size to Reach 195 Billion by  2023 | Research Cosmos
According to the Research Report, the Global TFT-LCD Market Size was valued at USD 141 Billion in 2017 and was Expected to Reach USD 195 Billion by 2023 with a CAGR of 6.4% during the forecast period 2018-2023.

TFT-LCD Market Overview:

A TFT LCD, also known as a thin-film-transistor liquid-crystal display, is an active-matrix LCD which utilizes the TFT technology for enhancing image qualities like contrast and addressability. Every pixel on a TFT LCD panel has a separate transistor on the glass itself that offers more control on images. All the pixels on a screen are configured in a row and column format and all of them are connected to an amorphous silicon transistor. This technology provides sharp images and also consumes less energy as the screen is very small in size. Moreover, TFT LCD panels are lightweight, less prone to reflection and provide a wider angle of view.

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TFT-LCD Market Drivers and Restraints

Technology is rapidly restructuring the automotive industry, and automotive OEMs are continuously adapting to new technological changes in order to enhance safety and support, which is significantly contributing to the growth of automotive display market, which indirectly supports the TFT LCD market. Expanding sensor technology, continuous innovation in-vehicle connectivity and growing focus on augmented reality in automobiles, accelerates the growth of global market. Expanding automotive display in developing regions, the growing dependency of navigations systems, and continuous innovation in driver assistance solutions, are some of the factors fueling the growth of the world market.

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TFT-LCD Market Geographical Segmentation:

On a geographical front, the global market is divided among the regions of Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Of these, North America holds the leading position in the TFT LCD market. This is due to the relatively fast adoption of new technologies as well as growing industrial and automotive industries across the region.

The United States is a significant consumer of TFT LCD display modules in this region. Europe and the Asia Pacific are also supposed to have a positive influence on future growth. Europe is the second largest region with important market share. However, Asia Pacific is estimated to grow at the quickest pace in the foremost period. The developing countries like India and China are the main consumers of TFT LCD display modules in this region

Major key Players in TFT-LCD Market:

Some of the key players in the world market are Dispaytech, Panasonic Corporation, Mitsubishi Electric Corporation, Schneider Electric, SHARP CORPORATION, Siemens AG, LG Display, Chi Mei Corporation, HannStar Display Corporation, and AU Optronics Corp.

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