The "Thin Film Transistor Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The thin-film transistor market is expected to register a CAGR of 17.34% over the forecast period (2021 - 2026).
Thin-film transistors (TFTs) are critical elements used for thin film electronics, and their most important application includes the pixel switching elements on flat panel displays (FPDs). A thin film transistor is also known as matrix display technology, which is more responsive to change.
LG Display Co. Ltd.
Winstar Display Co. Ltd.
Key Market Trends
Consumer Electronics Expected to Have Significant Growth
Thin film transistor (TFT) technology is widely used in flat-panel displays found in computers, televisions, smartphones, and laptops. The technology is revolutionizing the video system, enabling the manufacture of large-dimension flat-panels. For example, 164-inch diagonal dimension substrates are used for TFT LCD fabrication. Stability of processes for large-scale fabrication, an improved semiconductor layer and the development of processing equipment to manufacture large devices are advancing thin film transistor technology.
There is a decline in the open-cell LCD TV panel prices including 4K UHD TV panels, and price erosion of smartphone display panel is expected to increase revenue and maintain the market in a full state, during the forecast period. New applications in non-LCD applications are now being developed. This coupled with the ongoing research may increase the number of opportunities for products using TFT in their core. These application sub-segments are expected to boost the demand in the market during the forecast period.
Asia-Pacific Expected to Witness Significant Growth
Asia-Pacific is one of the most significant markets for thin film transistor owing to the massively growing demand for consumer electronics, and also the semiconductor manufacturing industry is booming in the region. The region is also a global manufacturing hub for consumer electronics, especially smartphones and LCDs which are the major consumers of the technology. Additionally, the regional governments are also increasingly regulating policies which are further helping in the studied market growth. Also more and more regional SMEs manufacturers are penetrating into the manufacturing business of thin film transistors which is expected to bring down the overall cost and increase the innovations.
Demand for consumer goods such as televisions, monitor, smartphones, laptops and other consumer goods with displays is a rise in Asia-Pacific, which in turn, is fueling the demand for TFTs in this regional market. Growth in this region is the highest among all geographic regions considered. Increase in the net disposable income of consumers in this region, along with the declining price of the finished products using TFTs has increased the demand for thin-film transistors in the region. End products from application segment LCD have demand originating from the middle-class income group population. Presence of crucial display manufacturers in this region is also assisting in products to be offered at competitive prices.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Demand for Liquid Crystal Displays
4.3.2 Innovation in TFT Technology
4.4 Market Restraints
4.4.1 High Cost of Manufacturing
4.5 Industry Attractiveness - Porter's Five Force Analysis
4.6 Industry Value Chain Analysis
5 TECHNOLOGY SNAPSHOT
6 MARKET SEGMENTATION
6.1 By Fabrication Type
6.2 By Product Type
6.2.1 Liquid Crystal Display
6.2.2 Light Emitting Diode
6.2.3 Electronic Paper Display
6.3 By End-user Industry
6.3.1 Consumer Electronics
6.3.6 Other End-user Industries
6.4.1 North America
6.4.4 Rest of the world
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Panasonic Corporation
7.1.2 Sony Corporation
7.1.3 LG Display Co. Ltd.
7.1.4 Samsung Corporation
7.1.5 Fujitsu Ltd.
7.1.6 BOE Technology
7.1.7 Toshiba Corporation
7.1.8 Sharp Corporation
7.1.9 Winstar Display Co. Ltd.
7.1.10 Innolux Corporation
8 INVESTMENT ANALYSIS
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/lyegfr
View source version on businesswire.com: https://www.businesswire.com/news/home/20210421005736/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900