Global Flat Panel Displays Market at a CAGR of 4.1 % Growth, Trends and Absolute Opportunity up to 2026
In October 2018, Optoma launched interactive flat panels at ISE 2019. The new product will have extensive connectivity and are available in various formats. It also offers wireless content sharing through ScreenShare and iMirror, thus encouraging BYOD collaboration.
Market Analysis: Global Flat Panel Displays Market
Global flat panel displays market is set to register a steady CAGR of 4.1% in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for LCD technology and adoption of flat panel display in the education sector are the major factors for the growth of this market.
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Global flat panel displays market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flat panel displays market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Flat Panel Displays Market
Global flat panel display is a monitor, television or other visual appliance that uses thin panel design other than conventional CRT design. The screens of a flat panel display are thinner and lighter and are much more portable as compared to traditional monitors and televisions. They also provide higher resolution than conventional designs. The usage of flat panel display can be highly seen for business and personal use.
- Emergence of advanced technologies is driving the growth of this market
- Rise in trend of touch-based devices is a major factor fuelling the growth of this market
- Trend of 3D displays in consumer electronics and entertainment sector, will also drive the market growth
- High adoption of flexible display technologies; this factor will also drive the growth of the market
- High price of the recent display technologies is restraining the growth of this market
- Implementation of widescreen alternatives, such as screenless display and projectors is another important factor restraining the market growth
- Flood of growth and lessen shipment of display panels for tablets, TVS, and monitors will also restraint the market growth
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Segmentation: Global Flat Panel Displays Market
- Liquid Crystal Display
- Plasma Display
- Organic Light Emitting Diode
- Consumer Electronics
- Automotive Applications
Key Developments in the Market:
In June 2019, ViewSonic Corp., a manufacturer of visual solutions, has launched ViewBoard IFP70 series of interactive flat panel displays. It has a slim and sleek design and provides PCAP touchscreen for exceptional viewing and interactivity. With this new launch, the demand of customers across the world will be fulfilled
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