Global Flat Panel Displays Market to Reach US$102.8 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on flat panel displays market. Although tempered by the recent economic recession, global market for flat panel displays (FPDs) is expected to recover poise in the medium-to-long term period to reach US$102.8 billion by 2015. Factors that are fingered to drive growth in the market over the next few years include post recession resurgence in demand for electronic equipment guided by rebound in GDP growth, employment rates, discretionary incomes, spending power, expanding application possibilities of FPDs, and growing popularity of OLEDs. Rising demand from Asia-Pacific also bodes well for the future of this market.

Flat Panel Displays: A Global Strategic Business Report

Given the high-strung sensitivity of FPD market to end-user industries such as, information systems, personal computers, telecomm equipment, instrumentation, consumer appliances, and transportation equipment, among others, the economic recession of 2007-2009, has not surprisingly thrown demand off-track. Market distortions, such as, reduction in household wealth, decline in purchasing power, high unemployment levels, restricted access to credit and the resulting postponement of new purchases, crippled sales of a myriad range of electronic devices/equipment, such as, PCs, mobile phones, e-book readers, portable electronic devices, TVs and telecommunications equipment. As a vital human-machine visual interface system, FPDs are indispensable to most electronic devices that require human operation, and the fall in consumer and business confidence has therefore brought the industry directly under the yoke of the recession.

LCDs, LED and OLED displays, which find application in high-value flat panel television sets, in particular suffered due to frugal consumer spending, which dragged down the sales of expensive LCD, LED and OLED television sets. The entire length and breath of the value chain in the display technology space comprising of LCD glass substrate, LED/LCD backlight units, LCD polarizers, flat panel display chemicals, witnessed the cascading impact of weak consumer, and industrial electronic equipment sales. In response to soft downstream demand, FPD manufacturers reigned in capital expenditures, scaled back production capacities, and postponed expansion plans as they struggled to reconcile the financial drain caused by current plant overcapacity and reduced market demand. A prime reason attributed to manufacturers turning defensive against uncertain economic prospects is the fact that over clogging of supply chains juxtaposed with weak demand in end-user markets results in further destabilization of prices and erosions in corporate profitability. Investments in R&D, new product development, and commercialization of new FPD applications have also been temporarily suspended, thereby hurting the FPDs market further. Erosion in prices of FPDs, particularly for large-size TFT LCD panels too dragged down the revenue for FPDs market.

The Flat Panel Displays market, however, is showing signs of a quicker than expected rebound in growth. Resurgence in demand is already resulting in reducing the inventory buildup in the supply chain. Following a period of supply chain rationalization and thin inventories held by distributors, FDP manufacturers are beginning to witness higher order inflows from electronic equipment manufacturers. Increase in demand for wide-screen LCD and LED television sets, triggered by falling prices and better functionality, will provide the much-required boost for the FPD market, driving demand particularly for wide-screen, lighter and thinner LCD and LEDs. The market, post recession, will also be driven by the fast expanding applications of FPDs. Thanks to technology advancements, and expanding capabilities, applications of FPDs are now expanding beyond computers and are encroaching into newer application areas such as medical devices, GPS equipment, digital signage for public display, home entertainment systems, vehicle cockpit display system, among others. These new applications are expected to generate substantial opportunities for FPDs over the next few years.

As stated by the new market research report, Asia-Pacific represents the most prominent regional market for FPDs. 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. By product, Liquid Crystal Displays market continues to be the largest product segment. Growing demand for TFT LCD panel in particular has been the primary growth driver for LCD market. Organic Light Emitting Diode Displays market represents the fastest growing product segment, displaying a CAGR of about 5.3% over the analysis period. By end-use personal computers market remains the largest end-use segment for FPDs.

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., Hitachi Displays, Jaco Displays Solutions, Kopin Corporation, LG Display Co. Ltd., Microtips Technology Inc., NEC-LCD Technologies Ltd., Okaya Electric Industries Co., Ltd., Optrex Corporation, Powertip Technology Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Sony Corporation, Toshiba Mobile Display Co. Ltd., Universal Display Corporation, Viewsonic Corporation, among others.

The research report titled “Flat Panel Displays: 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

For more details about this comprehensive market research report, please visit –

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
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