Global Passive Matrix Liquid Crystal Display Market – Industry Trends and Forecast to 2029

Passive Matrix Liquid Crystal Display Market Analysis and Size

Liquid Crystal Displays (LCDs) are widely used in various industries, including entertainment, corporate, transportation, retail, hospitality, education, and healthcare. These enable organizations to reach a larger audience. They also aid in the establishment of a centralized network for digital communications. Passive matrix liquid crystal displays are in high demand for displaying content.

Data Bridge Market Research analyses that the passive matrix liquid crystal display market which was growing at a value of 7.08 billion in 2021 and is expected to reach the value of USD 18.23 billion by 2029, at a CAGR of 12.55% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Passive Matrix Liquid Crystal Display Market Scope and Segmentation

Market Definition

A flat-panel display composed of a grid of horizontal and vertical wires. At the intersection of each grid is an LCD element representing a single pixel, allowing or blocking light. An active-matrix display, which is more expensive and of higher quality, uses a transistor to control each pixel. These lighting solutions are highly energy-efficient, have a longer lifespan than traditional lighting solutions, and have a lower environmental impact.

Global Passive Matrix Liquid Crystal Display Market Dynamics

Drivers

• Built-in Advantages

Passive matrix liquid crystal displays have several built-in advantages, including exceptional readability, light in a much narrower spectrum than other illumination sources, energy efficiency, low operating costs, and long life. These will be expected to reduce electronic power losses and increase market usage of competently used outdoor displays. Furthermore, using passive matrix liquid crystal displays for advertising, promoting sporting events and brands, and other types of events is a highly innovative and cost-effective method of promoting these types of events.

• Innovation in driver assistance solutions

The increasing reliance on navigation systems is a critical factor driving market growth, as is continuous innovation in driver assistance solutions and enhancement of driver experience and safety features, among other factors driving the passive-matrix liquid crystal display market. Furthermore, significant technological advances and developments in the market will create new opportunities for the passive-matrix liquid crystal display market during the forecast period.

Opportunities

• High prevalence of navigation systems

This increasing reliance on navigation systems is an important factor driving market growth, as is continuous innovation in driver assistance solutions and enhancement of driver experience and safety features, among other factors driving the passive-matrix liquid crystal display market.

• Technological advancements

Furthermore, significant technological advances and developments in the market will create new opportunities for the passive-matrix liquid crystal display market during the forecast period.

Restraints

• Technical issues

However, a lack of adoption and preference for implementing high-cost automotive displays, as well as rising concerns about the mobility functionality of touch screen displays in comparison to mechanical controls, are among the major factors that will limit market growth and further challenge the passive-matrix liquid crystal display market during the forecast period.

This passive matrix liquid crystal display market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the passive matrix liquid crystal display market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Passive Matrix Liquid Crystal Display Market

The COVID-19 has had an impact on the digital liquid crystal display (LCD) market. Limited investment costs and a lack of employees hampered sales and production of liquid crystal display (LCD) technology. However, the government and key market players adopted new safety measures in order to develop the practices. As technology advanced, the sales rate of the li liquid crystal display (LCD) digital increased because it targeted the right audience. Increased device sales across the globe are expected to drive market growth in the post-pandemic scenario.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In September 2021, BNZSA, Europe's leading IT B2B digital, data, and lead generation agency, announced the launch of programmatic display, allowing consumers to deepen relationships with potential clients using technographic techniques firmographic, and intent data to promote brand awareness and thought-leadership content.
• In June 2021, Blackstone announced partnerships with Simpli.fi, a leading programmatic display advertising and agency management software. The company made a US$ 1.5 billion investment in the latter programmatic display agency firm, accounting for a majority stake.

Global Passive Matrix Liquid Crystal Display Market Scope

The passive matrix liquid crystal display market is segmented on the basis of product, screen size, type, vehicle type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Manual
• Automatic

Screen Size

• Less Than 5
• 5-10
• >10

Type

• Instrument Cluster Displays
• Head-up Display
• Centre Stack Display
• Driver Information Display
• Advanced Instrument Cluster Display
• Rear- Seat Entertainment Touch Screen Display
• Camera Information Display

Vehicle Type

• Premium Passenger Cars
• Compact Passenger Cars
• Luxury Passenger Cars
• Mid-Sized Passenger Cars
• Heavy Commercial Vehicles
• Light Commercial Vehicles

Application

• Navigation
• Telematics
• Infotainment
• Blind Spot Detection

Passive Matrix Liquid Crystal Display Market Regional Analysis/Insights

The passive matrix liquid crystal display market is analysed and market size insights and trends are provided by country, product, screen size, type, vehicle type and application as referenced above.

The countries covered in the passive matrix liquid crystal display market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the passive-matrix liquid crystal display market because of its continued adoption of advanced automotive solutions.

Asia-Pacific is expected to grow in the passive matrix liquid crystal display market because of the expanding automobile industry.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Passive Matrix Liquid Crystal Display Market Share Analysis

The passive matrix liquid crystal display market competitive landscape provides details by competitor. details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to passive matrix liquid crystal display market.

Some of the major players operating in the passive matrix liquid crystal display market are:

• Panasonic Corporation (Japan)
• LG DISPLAY CO., LTD. (South Korea)
• AUO Corporation. (Taiwan)
• CHIMEI. (Taiwan)
• SAMSUNG (South Korea)
• SHARP CORPORATION (Japan)
• Schneider Electric (France)
• Siemens (Germany)
• Mitsubishi Electric Corporation (Japan)
• SONY INDIA (India)
• Fujitsu (Japan)
• Chunghwa Picture Tubes, LTD. (Taiwan)
• Barco (Belgium)
• BOE Technology Group Co., Ltd. (China)
• Innolux Corporation (Taiwan)
• Advantech Co., Ltd (Taiwan)

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