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Technavio publishes a new market research report on the global flat panel display (FPD) equipment market from 2017-2021. (Photo: Business Wire)
This report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes an up to date analysis and forecasts for various segments and all geographical regions.
According to Sunil Kumar Singh, a lead analyst at Technavio for research, “The market will grow steadily during the forecast period because of the increased demand for devices such as smartphones, tablets, and TVs. Also, high penetration of AMOLED displays, will drive market growth.”
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
The market research analysis categorizes the global FPD equipment market into three major end-user segments. They are:Consumer electronics Automotive Others
Growing adoption of for smartphones and tablets and LEDs for TVs and other appliances drives the market in the consumer electronics segment. Also, OLED TVs are gaining traction among consumers. The growing demand for high resolution and rich color quality displays is driving the adoption of OLED TVs.
Also, there is an increasing demand for ultra-high-definition (UHD) LCD TVs, primarily 4K TVs of 40 inches and larger. There is a significant amount of UHD content being produced by Netflix, Amazon (Amazon Instant Video service), Ultraflix, and YouTube. Increase in UHD content by service providers will drive the 4K TV market, which will further intensify the demand for LED FPDs, contributing to the growth of the market during the forecast period.
Increased demand for FPD equipment by automobile display manufacturers drives the market. This segment will witness a decline over the forecast period, as the FPD manufacturers for automobiles have made substantial investments in 2015 and 2016 alone, and hence, there would be very limited scope for capacity expansion in the future, hindering the growth of revenues from this segment. Moreover, the latest generation of automobiles feature LCD displays, as AMOLEDs are too expensive to have a scalable business opportunity for AMOLED-based FPDs from the automobile sector. This is because, automobile manufacturers have very limited scope for using expensive display systems, except for the high-end manufacturers of luxury brands, who themselves have a limited target market.
The global FPD equipment market in the others segment includes healthcare devices, , and telecommunication segment. This segment is driven by the demand for FPDs by device manufacturers catering to the military and defense, healthcare, and telecommunications sector.
“The military and defense system requires advanced radar systems, weapon systems, central control units, and advanced monitoring systems including surveillance and spy systems. All these systems and equipment imbibe FPDs to enhance user interface,” says Sunil.
Similarly, the healthcare sector uses medical equipment such as different types of body scanners and X-ray machines that feature LCD displays. Increased demand for this equipment will fuel the market during the forecast period.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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SOURCE: Technavio Research
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PUB: 12/13/2016 11:23 AM/DISC: 12/13/2016 11:23 AM