Global Flat Panel Displays Market to Reach $110 Billion
The global flat panel displays (FPD) market is expected to reach $110 billion by 2017, according to a new report by Global Industry Analysts Inc. Growth will be driven primarily by widespread use as display devices in various electronic gadgets such as TVs, notebook computers, personal computers, mobile phones and public display systems. Technology innovations, falling prices and robust demand from developing markets reportedly bode well for the future of the market.
LCD represents the largest market segment in the worldwide FPD market. The huge popularity of the technology can be primarily attributed to its advanced features and application benefits. The majority of the demand for LCDs will be driven by flat televisions, especially the large-sized LCD models. The energy-efficient reflective and bi-stable LCDs are expected to gain a remarkable market share with regard to portable applications such as electronic books and personal digital assistants (PDAs). Large-screen display applications such as large-screen desktop monitors and large-screen notebook computers are proving to be primary contributors to the LCD market.
Organic light-emitting diode (OLED) displays are also reportedly gaining in popularity. In the next few years, decreasing prices coupled with technology developments will further drive demand for OLED displays. Advantages of OLED displays include the ability to operate at low voltages (often in the range of 5-20 V), and their lightweight monolithic form factor. The telecom equipment sector is expected to generate substantial demand for OLED displays over the next few years, thanks to the introduction of several state-of-art handsets and smartphones featuring active-matrix organic light-emit diode (AMOLED). AMOLEDs offer mobile phones better capabilities and features such as superior picture quality, response time and contrast.
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