Large area LCD display market Size, Share, Growth, and Industry Analysis, By Type (LCD and OLED/AMOLED), By Application (Television, Laptop, Monitor, Tablet and Others), Regional Insights and Forecast to 2031

Updated On: 22 April 2024

Large area LCD display Market Report Overview

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The global large area LCD display market size was USD 90155.6 million in 2021. As per our research, the market is expected to reach USD 135056.73 million by 2027, exhibiting a CAGR of 6.97% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the large area LCD display market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

A large area LCD display is a type of display device that uses liquid crystal technology to create images on a screen. LCD stands for liquid crystal display, which means that the screen is composed of millions of tiny pixels that can change their orientation and colour when an electric current is applied to them.

A large area LCD display has a diagonal size of 9 inches or more, which makes it suitable for various applications such as TVs, monitors, notebooks, tablets, and public displays. A large area LCD display can offer high resolution, high contrast ratio, wide viewing angle, low power consumption, and thin and light design. However, a large area LCD display may also face some challenges such as backlight leakage, colour shift, response time, and cost

COVID-19 Impact: Pandemic Increased the Market Demand

The COVID-19 pandemic has had a significant impact on the large area LCD display market share. The pandemic has increased the demand for large area LCD displays for home entertainment, remote work, online education, and gaming purposes. Many consumers have upgraded their TVs, monitors, notebooks, and tablets to enjoy better quality and performance during the lockdowns. The pandemic has also accelerated the adoption of digital signage and public displays for information dissemination, health monitoring, and social distancing enforcement. The pandemic has boosted the demand for home entertainment devices such as TVs, sound bars, streaming devices, and gaming consoles. These devices require large area LCD displays to provide immersive and interactive experiences for consumers. The pandemic has also increased the demand for remote work devices such as monitors, notebooks, webcams, keyboards, and mice. These devices require them to enable efficient and productive work from home.

Latest Trends

"Shift from LCD to OLED Technology to Fuel the Growth in the Market"

The recent trend in the market is the shift from LCD to OLED technology. OLED stands for organic light-emitting diode, which is a type of display that emits light from organic materials without requiring a backlight. OLED displays offer many advantages over LCD displays such as higher contrast ratio, wider viewing angle, faster response time, thinner and lighter design, lower power consumption, and better colour accuracy. OLED displays are especially suitable for applications that require high-quality images and videos such as TVs, smartphones, tablets, laptops, and wearable devices. OLED displays are also gaining popularity in emerging applications such as foldable devices, transparent displays, and flexible displays

Large area LCD display Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into LCD and OLED/AMOLED.

• By Application Analysis

Based on age, the market can be divided into television, laptop, monitor, tablet and others.

Driving Factors 

"Increasing Innovation to Foster the Market Growth"

The market is constantly evolving with new innovations that improve the performance, quality, functionality, and design of the displays. For example, some of the recent innovations in this market include mini-LED backlighting, quantum dot enhancement film, 8K resolution, HDR (high dynamic range), curved screen, touch screen, and eye-tracking. These innovations aim to provide better visual experience and user interaction for consumers and create new value propositions for different applications. 8K resolution is a technology that offers a pixel count of 7680 x 4320, which is four times higher than 4K resolution and sixteen times higher than full HD resolution. 8K resolution can provide a sharper and more detailed image quality for large area LCD displays for various

"Rising Remote Work to Result in the Expansion of the Market"

The pandemic has also increased the demand for remote work devices such as monitors, notebooks, webcams, keyboards, and mice. These devices require large area LCD displays to enable efficient and productive work from home. The demand for remote work devices is expected to continue in 2021 and beyond as more companies adopt flexible work arrangements and more employees prefer working from home. The pandemic has also increased the demand for online education devices such as notebooks, tablets, headphones, and speakers. These devices require them to facilitate effective and engaging learning from home.

Restraining Factor

"Competition to Hamper the Market Growth"

The market faces intense competition from other display technologies such as OLED4, micro-LED4, and e-paper4. These display technologies offer different features and benefits that may appeal to different consumers and applications. For example, OLED displays have better contrast and colour than LCD displays4, micro-LED displays have higher brightness and efficiency than LCD displays4, and e-paper displays have lower power consumption and reflectivity than LCD displays4. These display technologies may pose a threat to the market share and profitability of the market in the future.

Large area LCD display Market Regional Insights

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"Asia Pacific to Lead the Market Owing To Presence of a Lot of Key Players"

The Asia Pacific region has shown the highest large area LCD display market growth. The region has a strong presence of major panel makers such as Samsung, LG, BOE, TCL, and AUO, who have invested heavily in expanding their production capacity and improving their technology. The growth in the region is driven by the increasing demand for them for various applications such as TVs, monitors, notebooks, tablets, and public displays. The region has a large and growing population, a rising middle class, a rapid urbanization, a high penetration of internet and smartphones, and a strong preference for larger screen sizes and higher resolutions

Key Industry Players

"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market"

All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.

List of Market Players Profiled

• CEC Panda (China)
• LG Display (South Korea)
• HKC (China)
• CSOT (China)
• BOE (China)
• Sharp (Japan)
• JDI (Japan)
• Samsung Display (South Korea)
• Innolux (Taiwan)
• CHOT (China)
• AUO (Taiwan)

Report Coverage

This report examines an understanding of the large area LCD display market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.