Flat Panel Display Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI
According to the report Flat Panel Display Market: Global Industry Analysis and Opportunity Assessment 2019-2027 published by FMI. The revenue generated by global flat panel display market is estimated to reach US$ 177,339 Mn by 2027. The CAGR of the global flat panel display market during the period 2019-2027 was 4.1%. The demand is increasing for LCD as LCD consumes less power than cathode ray tube. Energy consumption increases as the screen size increases still it remains significantly less than cathode ray tubes . Manufacturers of LCD are introducing new technologies like quantum dots that offer improvement over traditional LCD display. Quantum dot technology empowers LCD to offer better color saturation, high quality image, and high brightness. High resolution LCDs are being developed for virtual reality. The demand for LCD is also increasing in smartphones as the manufacturers are adopting LCD technology to cater to the demand for high image quality and clarity. Key Takeaw