Global TFT LCD Display Market Forecast to Grow at 3.62% CAGR

Research and Markets has announced the addition of the "Global TFT LCD Display Market 2015-2019" report to their offering.

The global TFT LCD display market to grow at a CAGR of 3.62% over the period 2014-2019.

TFT LCD is a type of LCD that provides better optical properties such as picture contrast. TFT LCDs form the display panel for LCD TVs, desktop PCs, and mobile computing devices. An LCD panel is made up of a number of layers containing different components such as a polarizer, a color filter, and an LCD glass substrate. The LCD glass substrates used in display devices are very thin (0.3-0.7 mm).

The reduced thickness of LCD glass substrates is leading vendors to focus on manufacturing slimmer and lightweight devices. In the past, manufacturing thin LCD glass was expensive. However, currently slim TFT LCDs are easily available in the market, which enable the manufacture of thin LCD glass substrates. Corning introduced its EAGLE XG glass substrate, which excludes heavy metals such as barium, arsenic, halogen compounds, and antimony, making it eco-friendly and cost-efficient. The LCD module can also be reduced up to 10% by reducing the thickness.

According to the report, LCDs have gained popularity in the market as they are more cost-effective than conventional CRT displays. Features such as their light weight, reduced panel width, ability to be mounted on walls, and low power consumption make them more user-friendly than conventional display systems. With the advent of flat panels, several new devices such as LCD TVs, LED-backlit LCD TVs, and OLED TVs have been introduced to the market. Among these display devices, LCD FPDs have the highest penetration rate, which is expected to foster market growth.

Further, the report states that increased competition from alternative technologies such as OLED is affecting the demand for TFT LCDs.

The report also presents a detailed study of the global TFT LCD display market based on the following aspects:

Screen size:

• Small and medium displays: less than 9 inches, which include cell phones, DSCs, PDAs, automobile monitors, gaming devices, and media players
• Large displays: greater than 9 inches, which include tablets, laptops, monitors, TVs, and public displays

Key Vendors

• AU Optronics
• Innolux
• LG Display
• Samsung Display

Other Prominent Vendors

• BOE
• CPT
• HannsTouch Solution
• InfoVision Optoelectronics
• Panasonic
• Sharp

For more information visit http://www.researchandmarkets.com/research/m34hf5/global_tft_lcd