Published on : Apr 11, 2018
Albany, New York, April 11, 2018: The continuous innovation in technology has increased the demand for thin film transistor displays across the world. Due to its broader use in consumer electronics, the market for thin film transistors is expected to surge rapidly. Market Research Hub (MRH) has freshly announced the inclusion of a study titled “Thin Film Transistors: Global Markets to 2022” to its massive online database, offering readers a clear perspective of the market which accurately predicts the future of the market and also gives an impression of the present market situation. Moreover, the report deliberates a comparative study between thin film transistor and the importance of the advances in thin film transistors.
Insights and Forecast Assumptions
Initially, the research offers a comprehensive evaluation of the market covering some prime regions such as North America, Asia-Pacific, Europe and RoW. The report explains that thin film transistors are used in high-quality flat panel liquid-crystal displays (LCDs), television screens, computer monitors, mobile phones, projectors and personal digital assistants. TFT-based displays have a transistor for each pixel on the screen. It has been analyzed that TFT technology has transformed video systems, enabling larger dimension flat-panels to be achieved. There are several advantages offered by thin film transistors such as inexpensive cost, low power consumption, better response time, and faster refresh rate. Considering these facts, analysts of the report estimated that the global thin film transistors market should reach $230.0 million by 2022 from $105.0 million in 2017 at a CAGR of 17.0% from 2017 to 2022.
On the basis of geography, North America had the highest revenue in the market in 2016 and it is expected to continue to dominate the market with maximum revenue by the end of 2022. This is because, North America is a technologically advanced region, and thus the technology has formed a strong base in the region. Besides, Asia-Pacific region is also displaying strong growth potential in the particular market, majorly because of the fact that emerging nations in this region are involved in heavy industrialization.
Moving further, the research report represents an in-depth analysis of the global thin film transistor market by type, integration type, and application. By type, the study covers amorphous silicon TFT, polysilicon TFT, metal oxide TFT, organic TFT, and others. Of these, amorphous silicon TFTs are the most frequently used, therefore, this segment had the largest revenue share in 2016. The research also expects that it will remain the largest market in the coming years as well. Application-wise segmentation covers flexible electronics, sensors, LEDs, detectors, integrated circuits and others.
The last part of the report comprises the competition landscape, which features important players operating in the global thin film transistor market and contains important information about these companies. Key players present in the market include Kyocera Corp. Alcatel-Lucent S.A., Foxconn Technology, HannsTouch Solution Inc., BOE Technology Group Co., Intel Corp., and Panasonic Corp."
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