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2024LCD industry future development trend forecast
2024-12-23    Number of visits:196

The continuous growth of the global consumer electronics market such as televisions and mobile phones has brought stable demand for LCD panels. Especially with the promotion of the trend of large-screen TV, the market demand for large-size LCD panels has been further expanded. The rapid growth of the new energy vehicle market also provides a new growth point for LCD panels. New energy vehicles need to use a variety of types of panels, including the central control panel, dashboard panel, seat control panel, etc., these panels are also increasing the demand for LCD panels.

LCD, or liquid crystal display, is a widely used display technology. LCD technology will continue to develop in the direction of high resolution, wide color gamut, high refresh rate, and thinner and lighter. At the same time, in order to compete with new display technologies such as OLED, LCD manufacturers will increase their research and development efforts in contrast, color performance, and viewing angles. Mini LED backlight technology will become an important direction of LCD technology upgrade. Mini LED backlight technology provides higher brightness and contrast while reducing power consumption, resulting in better picture quality performance for LCD panels.

In-depth analysis of LCD industry market development status

The LCD industry has maintained a steady growth trend in recent years. Data show that in 2023, China's LCD display panel production capacity has reached 269.41 million square meters, and is expected from 2023 to 2027, its compound annual growth rate of about 6.90%, by 2027 is expected to reach 351.8 million square meters. In addition, shipments of large-size display panels (defined as all display panels above 9 inches, including LCD and OLED) are expected to grow by 7.4% year-on-year in 2024, while shipment area is expected to grow by 11.1% year-on-year, which shows that the LCD market still has a large room for growth in the coming period.

LCD industry market competition is fierce, manufacturers need to continuously improve the level of technology and product quality to win market share. Price competition is also an important aspect of market competition, manufacturers need to set reasonable prices to attract consumers. With the increasing demand of consumers for high-quality display equipment, the LCD panel industry still has a large market potential. The rise of emerging markets, such as the rapid development of the electronics industry in Asia, South America and other regions, will bring new growth opportunities for the LCD panel industry.

The LCD industry needs continuous technological upgrades and innovations to meet consumer demand for new products and technologies. With the improvement of environmental awareness and the increasingly prominent energy issues, the LCD industry needs to pay attention to environmental protection and energy conservation issues, and promote green manufacturing and sustainable development. The changes in consumer demand and the intensification of market competition will bring greater challenges to the LCD industry.

LCD industry future development trend forecast

LCD technology will continue to innovate and upgrade to meet market demands for higher resolutions, wider color gamut, higher refresh rates and lower power consumption. For example, OLED(organic light-emitting diode) technology as a potential replacement for LCD, its market share may gradually increase, but LCD can still remain competitive in the market by improving performance, such as quantum dot technology, high dynamic range (HDR) technology, etc.

With the increase in consumer demand for large-screen TVS, monitors and other products, the trend of large-size LCD panels will continue. In particular, large-size LCD panels with 8K resolution will have broad application prospects in both the home and commercial markets. The LCD panel is not only used as a display device, but also will be more integrated into intelligent and Internet of Things elements to achieve more diversified functions. For example, smart displays and touch panels will become mainstream products.

It is expected that the LCD industry market size will grow steadily in the next few years. Especially in traditional applications such as TVS, monitors and laptops, as well as emerging applications such as automotive electronics and medical displays, the demand for LCD panels will continue to increase. With the continuous development of new display technologies such as OLED, the share of LCD in the high-end market may be affected. However, in the low-end market, LCD will still dominate due to cost advantages and stable performance.

In summary, the future development trend of the LCD industry market will be manifested in technological innovation, large-scale, intelligent and Internet of Things integration, environmental protection and energy saving. The outlook forecast shows that the LCD industry market size will grow steadily, market share may be adjusted, the integration of the industrial chain will accelerate, and emerging markets will rise. In order to cope with these trends and challenges, LCD companies need to strengthen technology research and development, optimize product mix, expand emerging markets and strengthen industrial chain cooperation.