A thin film transistor (TFT) display is a waxy or liquid substance derived from petroleum or crude oil through refining. It is frequently used in various industries and applications and is odorless, colorless, and solid at room temperature. It can produce candles, cover objects with wax, and lubricate equipment due to its low melting point. It is also used in the medical industry for procedures such as TFT display wax baths as a constituent in cosmetic and skincare goods. It is a substance with many applications due to its characteristics.
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Data Bridge Market Research analyzes that the U.K. Thin Film Transistor (TFT) Display Market is expected to reach USD 12,079.15 million by 2030 from USD 4,371.90 million in 2022 growing with a substantial CAGR of 14.1% in the forecast period of 2023 to 2030.
Key Findings of the Study
Rising Demand for Consumer Electronics
The increasing demand for Consumer Electronics in the U.K. is a promising trend that is expected to have a positive impact on the market. Several factors contribute to this rising demand, including the surge in online shopping, which has made it more convenient for consumers to access a wide range of electronic devices. The ease of online electronics purchases has led to increased adoption of TFT displays in gadgets such as smartphone and tablet. In addition to that smart home automation has increased demand for TFT-equipped devices, such as TVs, speakers, and appliances, providing intuitive interfaces and seamless interaction. Another significant contributor to the increasing demand for consumer electronics is the thriving gaming industry. Video gaming has become a mainstream entertainment activity, with TFT displays enhancing immersive gaming experiences with vivid graphics and smooth refresh rates. Furthermore, the demand for TFT displays surges due to 5G adoption, offering faster data speeds and low latency for seamless streaming. The demand for devices with TFT displays, capable of supporting higher resolutions and faster refresh rates, is expected to rise significantly, as users seek to leverage the benefits of 5G.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Year
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million
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Segments Covered
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Type (Panels, High Bright TFTS, High Resolution TFT Displays, EMI Shielded TFT Displays, Stretch TFTS and Others), Technology (TFT Liquid Crystal Display (LCD), Organic Light Emitting Diode (OLED), Active-Matrix Organic Light Emitting Diode (AMOLED) and Others), Fabrication Type (Inorganic and Organic), Installation Type (Indoor and Outdoor), Layer (Semiconductor, Substrate, Gate Electrode, Dielectric, and Drain/Source Metal), Application (Domestic Use, Commercial Use, and Industrial Use), End User (Consumer Electronics, Automotive, Healthcare, and Military & Aerospace)
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Countries Covered
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U.K.
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Market Players Covered
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SAMSUNG (South Korea), LG Display (South Korea), SONY (Japan), Toshiba Tec Corporation (Japan), Fujitsu (Japan), Schneider Electric (France), Anders Electronics PLC (England), New Vision Display (Shenzhen) Co, Ltd. (An Subsidiary of Tianjin Jingwei Huikai Optoelectronic Co., Ltd) (China), EIZO Corporation (Japan), and Midas Components (U.K.) among others
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Data Points Covered in the Report
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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
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Segment Analysis
The U.K. thin film transistor (TFT) display market is segmented into seven notable segments based on type, technology, fabrication type, installation type, layer, application, and end user.
- On the basis of type, the market is segmented into high bright tfts, stretch TFTS, panels, emi shielded TFT displays, high resolution TFT displays, and others.
In 2023, the panels segment is expected to dominate the U.K. thin film transistor (TFT) display market
In 2023, the panels segment is expected to dominate the market, growing with a market share of 59.46%, owing to application in various sectors.
- on the basis of technology, the market is segmented into tft liquid crystal display (LCD), organic light emitting diode (OLED), active-matrix organic light emitting diode (AMOLED), and others.
In 2023, the TFT liquid crystal display (LCD) segment is expected to dominate the U.K. thin film transistor (TFT) display market
In 2023, TFT liquid crystal display (LCD) segment is expected to dominate the market, growing with a market share of 92.72%, as TFT Liquid Crystal Display (LCD) are widely used in various applications, including smartphones, tablets, computer monitors, televisions, and other electronic devices.
- On the basis of layer, the market is segmented into substrate, semiconductor, dielectric, gate electrode, and drain/source metal. In 2023, the semiconductor segment is expected to dominate the market, growing with a market share of 45.79%.
- On the basis of installation type, the market is segmented into indoor and outdoor. In 2023, the indoor segment is expected to dominate the market, growing with a market share of 76.47%.
- On the basis of fabrication type, the market is segmented into inorganic and organic. In 2023, the inorganic segment is expected to dominate the market, growing with a market share of 96.56%.
- On the basis of application, the market is segmented into domestic use, industrial use, and commercial use. In 2023, the domestic use segment is expected to dominate the market, growing with a market share of 42.63%.
- On the basis of end user, the market is segmented into consumer electronics, automotive, healthcare, military & aerospace, and others. In 2023, the consumer electronics segment is expected to dominate the market, growing with a market share of 41.76%.
Major Players
Data Bridge Market Research recognizes the following companies as the major players in the U.K. thin film transistor (TFT) display market that include SAMSUNG (South Korea), LG Display (South Korea), SONY (Japan), Toshiba Tec Corporation (Japan), Fujitsu (Japan), Schneider Electric (France), Anders Electronics PLC (England), New Vision Display (Shenzhen) Co, Ltd. (An Subsidiary of Tianjin Jingwei Huikai Optoelectronic Co., Ltd) (China), EIZO Corporation (Japan), and Midas Components (U.K.) among others.
Market Development
- In June 2023, LG Display earned the ‘Circadian Friendly’ certification from TÜV Rheinland. It lowers the impact on the viewer’s biological pattern while still guaranteeing impeccable picture quality. This ‘Circadian Friendly’ certification given by TÜV Rheinland to its products such as TV and monitor panels will ensure improving its customers' quality of life during the day and promote better sleep at night. This further will allow the company to gain the trust of its customer by providing innovative solutions.
- In December 2022, LG Display introduced a new semiconductor technology Oxide TFTs to replace a–Si TFTs. This technology advancement boosts electron transfer rates 10x resulting in high definition and can be used to produce transparent OLEDs. It helped the company to offer innovative solutions to its customer and further expand and strengthen its market across various regions..
- In April 2022, Sony Group Corporation launched a 100-inch LCD public display, incorporating Innolux's advanced 4K panel technology. This innovative product release bolstered Sony's market presence in the digital signage industry, capitalizing on the demand for large-scale, high-resolution displays, and positioning the company as a leader in the TFT display market segment.
- In April 2021, Sony Group Corporation announced that Dr. Kazumasa Nomoto, a Corporate Distinguished Engineer at Sony Group Corporation's R&D Center, was honored with the prestigious "2021 SID Fellow Awards" by the Society of Information Display (SID). This recognition was a result of Dr. Nomoto's exceptional contributions to the display industry, including groundbreaking achievements such as the world's first rollable OLED display driven by organic TFT and the development of flexible electronic paper, OLED microdisplays, and micro-LED displays. This accolade further solidified Sony's reputation as an innovator in the display technology sector and reinforced its commitment to advancing display technology to create meaningful and emotional experiences for consumers.
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