A TFT LCD, also known as thin-film-transistor liquid-crystal display, is an active-matrix LCD which utilises the TFT technology for enhancing image qualities like contrast and addressability. Every pixel on a TFT LCD panel has a separate transistor present on the glass itself which offers more control on images. All the pixels on a screen are configured in a row and column format and each of them is connected to an amorphous silicon transistor. This technology provides sharp images and also consumes less power as the screen is very small in size. Moreover, TFT LCD panels are lightweight, less prone to reflection and provide wider angle of view. A new research report by IMARC Group, the market was worth more than US$ 149 Billion in 2018. The report further anticipates the global TFT LCD panel market to cross US$ 208 Billion by 2024, at a projected CAGR of around 5.8% over the forecast period.
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Global TFT LCD Panel Market Drivers/Constraints:
- In the recent years, LCDs have gained popularity owing to their favourable properties including less power consumption, compact size and low price in comparison to other display panels. This is one of the major factors which is driving the growth of the market.
- The increasing demand for larger and 4K televisions, fuelled by improving standards of living and inflating disposable incomes, represents another key factor for the market growth.
- Easy installation of LCD glass substrates, technological advancements along with a worldwide boost in gaming industry are some of the other factors which are positively influencing the growth of the market.
- However, the availability of alternative display panels like LED coupled with the high costs of production as well as raw materials are considered to be the few obstacles which are impeding the growth of the global TFT LCD panel market.
Some of the major players operating in the industry include:
LG Electronics Inc.
Samsung Electronics Co., Ltd. (SSNLF)
AU Optronics Corp.
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