Flat Panel Display market to reach $233.90 billion by 2032 with growing demand for OLED.
From GlobeNewswire: 2025-01-09 08:00:00
The global Flat Panel Displays market was valued at USD 151.4 billion in 2023 and is projected to reach USD 233.90 billion by 2032, growing at a CAGR of 4.98% from 2024 to 2032. Demand for high-quality displays is driving innovation in OLED, Quantum Dot, and Micro-LED technologies to meet the growing need for vivid visuals. The global shipment of OLED panels hit 225 million units in 2023.
LCD technology dominated the market in 2023 with a 32% share, while OLED technology is expected to experience the fastest growth from 2024 to 2032 due to its superior performance. Smartphones and tablets held a 36% market share in 2023, with smart wearables anticipated to grow the fastest from 2024 to 2032.
The automotive sector held the largest market share in 2023 at 27% and is expected to grow the fastest from 2024 to 2032 due to increased demand for in-car technologies and the shift toward electric vehicles. North America captured 36% of the market share in 2023, with Asia-Pacific expected to grow rapidly from 2024 to 2032.
Recent developments include a rebound in demand for large OLED TVs, LG Display’s unveiling of the world’s first stretchable display, and BOE Technology Group’s expansion of OLED production with a new investment. The Flat Panel Displays Market report provides insights on technology adoption rates, energy consumption, supply chain metrics, and content engagement by region from 2020-2023. The report also includes market segmentation by technology, application, and end use, as well as a competitive landscape analysis and regional analysis. For more information, visit the link provided.
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