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Global Liquid Crystal Display (LCD) Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Liquid Crystal Display (LCD) Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 148.60 Billion
Diagram Market Size (Forecast Year) USD 1422.83 Billion
Diagram CAGR %

Global Liquid Crystal Display (LCD) Market, By Product (LCD Character Drivers, LCD Graphic Drivers, LCC Segment Drivers), Application (Automotive, Industrial, Medical, Small Appliance, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Liquid crystal display (LCD) are widely being used in various sectors such as entertainment, corporate, transport, retail, hospitality, education, and healthcare, among others. These allow organizations in engaging with a broader audience. They also help in creating a centralized network for digital communications.

Global Liquid Crystal Display (LCD) Market was valued at USD 148.60 billion in 2021 and is expected to reach USD 1422.83 billion by 2029, registering a CAGR of 32.63% during the forecast period of 2022-2029. Small Appliance is expected to witness high growth owing to the rise in demand for devices such as smartphones. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Liquid-crystal display is defined as a flat-panel display or other electronically modulated optical device which uses the light-modulating properties of liquid crystals combined with polarizers. Liquid crystals do not emit light directly, instead using a backlight or reflector to produce images in colour or monochrome.

Liquid Crystal Display (LCD) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Demand for the Digitized Promotion

The increase in demand for the digitized promotion of products and services for attracting attention of the target audience acts as one of the major factors driving the growth of liquid crystal display (LCD) digital market.

  • Demand for 4K Digitized Sign Displays

The rise in demand for 4K digitized sign displays with the embedded software and media player accelerate the market growth. These signs deliver customers an affordable Ultra HD digital signage solution has a positive impact on the market.

  • Technologically Advanced Products

The emergence of innovative products, such as leak detector systems, home monitoring systems and complicated monetary products further influence the market.

 Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the liquid crystal display (LCD) digital market.

Opportunities

Furthermore, adoption of AMOLED displays, especially due to introduction of 5G and adoption of foldable and flexible displays extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for Micro-LED and mini-LED technologies will further expand the market.

Restraints/Challenges

On the other hand, decline in demand for displays from retail sector due to drastic shift towards online advertisement, and high costs associated with new display technology-based products are expected to obstruct market growth. Also, deployment of widescreen alternatives, such as projectors and screenless displays is projected to challenge the liquid crystal display (LCD) digital market in the forecast period of 2022-2029.

This liquid crystal display (LCD) digital market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on liquid crystal display (LCD) digital market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Liquid Crystal Display (LCD) Market

The COVID-19 has impacted liquid crystal display (LCD) digital market. The limited investment costs and lack of employees hampered sales and production of liquid crystal display (LCD) technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the li liquid crystal display (LCD) digital as it targeted the right audience. The increase in sales of devices across the globe is expected to further drive the market growth in the post-pandemic scenario.

Recent Developments

  • Sharp launched the new massive 8K Ultra-HD professional LCD in November’2020. This display packs in 33 million pixels and employs a wide color gamut color filter coupled with optimized LED backlight phosphors.
  • LG launched LSAA LED signage series, one of the most advanced LED signage system in July’2020. This new series provides design, giant-screen performance, and integration with cable-less block assembly design.

Global Liquid Crystal Display (LCD) Market Scope and Market Size

The liquid crystal display (LCD) digital market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • LCD Character Drivers
  • LCD Graphic Drivers
  • LCC Segment Drivers

Application

  • Automotive
  • Industrial
  • Medical
  • Small Appliance
  • Others

Liquid Crystal Display (LCD) Market Regional Analysis/Insights

The liquid crystal display (LCD) digital market is analysed and market size insights and trends are provided by country, type, component, location, content category, end-user, size, display technology, brightness, and application as referenced above.

The countries covered in the liquid crystal display (LCD) digital market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

North America dominates the liquid crystal display (LCD) digital market because of the presence of dedicated suppliers of the product and rise in demand for these displays in the retail industry within the region.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in awareness regarding the benefits of LCD in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Liquid Crystal Display (LCD) Market

The liquid crystal display (LCD) digital market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to liquid crystal display (LCD) digital market.

Some of the major players operating in the liquid crystal display (LCD) digital market are

  • Panasonic Corporation (Japan)
  • LG Display Co., Ltd (South Korea)
  • HannStar Display Corporation (Taiwan)
  • AU Optronics Corp. (Taiwan)
  • Chi Mei Corporation. (Taiwan)
  • SAMSUNG (South Korea)
  • SHARP CORPORATION (Japan)
  • Schneider Electric (France)
  • Siemens (Germany)
  • Mitsubishi Electric Corporation (Japan)
  • SONY INDIA. (India)
  • FUJITSU (Japan)
  • Chunghwa Picture Tubes, LTD. (Taiwan)
  • Barco.(Belgium)
  • BOE Technology Group Co., Ltd. (China)
  • Innolux Corporation (Taiwan)
  • Advantech Co., Ltd (Taiwan)

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Liquid Crystal Display (LCD) Digital Market is expected USD 1422.83 billion by 2029.
Liquid Crystal Display (LCD) Digital Market is expected to witness CAGR of 32.63% during the forecast period of 2022-2029
On the basis of application, the Liquid Crystal Display (LCD) Market is segmented into Automotive, Industrial, Medical, Small Appliance, Others.
On the basis of product, the Liquid Crystal Display (LCD) Market is segmented into (LCD Character Drivers, LCD Graphic Drivers, LCC Segment Drivers.
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