FPD Test Equipment Market Size, Share, Growth, and Industry Analysis, By Type (Functional Testing Equipment, Aoi Testing Equipment), By Application (LCD Panel Test, OLED Panel Test), Regional Insights and Forecast to 2032

FPD TEST EQUIPMENT MARKET REPORT OVERVIEW

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global fpd test equipment market size was USD 2384.5 million in 2020 and market is projected to touch USD 3999.74 million by 2032 at CAGR 4.4% during the forecast period.

FPD Test Equipment or Flat Panel Test Equipment refers to tools and equipment used to measure, evaluate and test the performance of flat panel displays. This includes various equipments such as test pattern generators, color analyzers, noise and flicker measurement tools, and automated test systems. FPD test equipment is critical to ensuring the quality and reliability of flat panel displays used in various consumer electronics such as smartphones, tablets and televisions.

Market growth depends on several factors such as increase in production capacity of display manufacturers, increasing need for high quality displays, and increasing demand for flat panel displays in the automotive industry.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The new coronavirus is an infectious disease known as COVID-19. Largely unknown in this global epidemic, COVID-19 quickly evolved from a local crisis to a pandemic. The pandemic has caused disruptions in supply chains, manufacturing operations and retail sales, resulting in reduced consumer spending and demand for non-essential items such as wardrobes. Lockdowns and social distancing have also limited shopping opportunities, further affecting sales and distribution channels. As a result, demand and revenue in the FPD test equipment market declined during the pandemic. While markets may eventually recover as the situation improves, the immediate impact of COVID-19 on global markets has been largely negative.

LATEST TRENDS

"Increasing Demand For Larger Display Panels Will Drive Market Expansion"

Several trends are emerging in the global FPD test equipment market. First, the demand for larger display panels is increasing, which increases the need for  advanced testing equipment to ensure better performance and reliability. Second, due to the spread of OLED (Organic Light Emitting Diode) technology in displays, even more attention is being paid to the development of special OLED test equipment. Third, the emergence of flexible screens requires the development of new test equipment that can evaluate the durability and functionality of these flexible panels. Finally, we are moving towards automated testing solutions to improve efficiency and reduce production costs.

FPD TEST EQUIPMENT MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into Functional Testing Equipment, Aoi Testing Equipment.

Functional test equipment and AOI (Automated Optical Inspection) test equipment. Functional test equipment is used to evaluate the overall functionality and performance of flat panel displays (FPDs) by performing various tests such as electrical stability, color accuracy and response time tests.

On the other hand, the AOI tester is responsible for performing automatic optical checks to detect defects or anomalies on the FPD surface, including pixel defects, line defects and uneven colors.

• By Application

Based on application the global market can be categorized into LCD Panel Test, OLED Panel Test.

The FPD (Flat Panel Display) test equipment market refers to the test equipment market used for flat panel display manufacturing and quality control. This includes liquid crystal display, OLED (organic light emitting diodes) and other types of displays.  Between 2022 and 2028, the market is expected to grow significantly, fueled by increasing demand for high-quality displays in sectors such as consumer electronics, automotive, and healthcare. FPD's test equipment helps ensure the performance, durability and reliability of these displays, contributing to their successful production and deployment.

OLED panel testing equipment is used to test the quality and functionality of OLED panels so that manufacturers can produce high-quality displays. These testing equipment ensure the reliability and efficiency of FPD panels, which increases their demand in the market.

DRIVING FACTORS

"Widespread Adoption Of OLED And Flexible Display Technologies to Augment The Market Growth"

The widespread adoption of OLED and flexible display technologies contributes to the positive outlook of the industry. However, the market faces challenges such as the large initial investment required for sophisticated inspection equipment and the complexity of detecting small defects in large production processes. Also, strict regulations related to environmental protection and e-waste disposal are restricting the growth of the market. First, technological advances and the emergence of new display technologies such as flexible displays and MicroLEDs create new opportunities for FPD test equipment manufacturers. Second, increasing consumer demand for high-resolution displays with better color accuracy and brightness is expected to drive the use of FPD testing equipment. Increasing investment in research and development to improve the efficiency and effectiveness of flat panel displays is also contributing to FPD test equipment market growth.

"Expanding The Production Capacity Of Display Manufacturers to Foster Market Growth"

Expanding the production capacity of display manufacturers will significantly accelerate the growth of the market. Increasing production capacity is one of the most important factors for the growth of the flat panel display market. Display manufacturers are beginning to produce high-resolution displays for laptops, smartphones, tablets and televisions. This is why display manufacturers use metal oxide and AMOLED displays to produce ultra-high resolution displays because they are cost effective and energy efficient. To meet the growing consumer demand for AMOLED, display manufacturers are increasing their production capacity. The market for FPD testing equipment is expected to grow significantly in the coming years. Factors such as increasing demand for high-quality displays, advancements in display technology, and investment in research and development are expected to influence the growth of this market. Due to the expanding consumer electronics market and the proliferation of OLED displays, the demand for FPD test equipment is likely to remain strong in the future.

RESTRAINING FACTORS

"Concentrated Customer Base to Impede Market Growth"

Concentrated customer base is a major challenge that hinders market growth. A concentrated customer base is one of the biggest challenges in the flat panel market. The customer base of semiconductor vendors is concentrated due to industry dynamics and ever-changing economic scenario around the world. Applied Materials' largest customers remain Intel (INTC) and Taiwan Semiconductor Manufacturing (TSM). Customers have also formed strategic alliances to increase the influence of industry players on technology decisions made by stakeholders. Customer breakdown, customer type and individual sales vary quarterly and annually.

FPD TEST EQUIPMENT MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate The Market Due To Increasing Demand For Smartphones "

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

Asia Pacific dominated the global FPD test equipment market share in terms of revenue in 2019. The region is expected to remain dominant during the forecast period due to increasing demand for smartphones and test equipment from automakers. In addition, increasing investment from companies such as Samsung Electronics Co., Ltd.; LG Display Co., Ltd.; and others are expected to lead regional market growth during the forecast period.   The Asia-Pacific region is home to a number of key players that have continuously invested in R&D to develop advanced display technologies such as organic light-emitting diode (OLED) technology and flexible OLED technology that can be rolled up like a newspaper or bent without breaking down

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The FPD test equipment market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

LIST OF TOP FPD TEST EQUIPMENT COMPANIES

• Orbotech (U.S.)
• JINGCE Electronic (China)
• HYC Technology (China)
• HB Technology (U.K.)
• Young Woo DSP (South Korea)
• Chroma (Taiwan)
• ELP Corporation (South Korea)
• UTECHZONE (Taiwan)
• LUSTER (U.S.)
• Takano (China)
• Seichitech (China)
• PFA Corporation (Japan)
• CASIVISION (China)
• Shenhan Robot  (U.K.)

INDUSTRIAL DEVELOPMENT

June 2019: Wuhan Jingce Electronic Technology will invest 3 billion yuan ($436 million) to build an industrial base for electronic product testing to increase production to meet market demand.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.