Global Large Area LCD Display Market Forecast and Distribution: Market Size is Estimated to Hit $15.66 Billion by 2029

Global Large Area LCD Display Market Overview

According to Global Market Monitor, the global large-area LCD market size will reach $10.86 billion in 2024 and is expected to grow to $15.66 billion by 2029.

Extensive Downstream Applications

With the development of the economy, especially the development of intelligence, the application of large-area LCDs has become more and more extensive. Including TV, indoor and outdoor signs. As the product becomes more popular in the personal and commercial fields, the market for large-area LCDs will further expand. The continued growth of the communications and media industries worldwide has driven the demand for high-quality video content. This drives the large-area LCD market.

The growth of the display market is driven by the use of organic light-emitting diode panels in smartphones and TVs. The use of more technologically advanced, lighter, thinner, and more energy-efficient displays is another factor affecting the expansion of the target market. In addition, increasing customer preference for smart wearables is expected to drive the expansion of the display market shortly. However, the high cost of technologically advanced display panels and fluctuating display panel costs are hindering the growth of the global display market.

Market Status of New Display Industry in China

China Optical Optoelectronics Industry Association data shows that in 2023, the global new display industry chain (including materials, equipment, panels) operating income of $187.6 billion, China accounted for nearly 50%. Among them, the operating revenue of display panels was 104.5 billion US dollars, and China accounted for 55%. China leads the market due to the large consumption market and scale of the display market. The transformation of LCD and OLED displays in China has driven the localization of the upstream supply chain. The localization trend of display materials and devices will accelerate further in 2024.

At present, the competition of the new display industry is no longer the competition of the previous scale and is gradually turning to the competition of efficiency and value. The future industrial competition is not only the competition of the whole industrial chain but also the all-round competition. China's new display industry should move towards the middle and high-end of the value chain, cultivate the ecology of the industrial chain, and enhance the level of effective cooperation between all links of the industrial chain. At the same time, it is necessary to strengthen the dominant position of enterprises in innovation.

LG Display is one of the major players operating in the Large Area LCD Display market, holding a share of 23.47% in 2023.LG Display is one of the world's largest manufacturers and suppliers of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs, and flexible displays. LG Display is headquartered in Seoul, South Korea, and currently operates fabrication facilities and back-end assembly facilities in Korea, China, Poland, and Mexico.

Company Name	LG Display
Website	www.lgdiplay.com
Established Time	1999
Plants Distribution	Asia Pacific, North America, Europe
Sales Region	Worldwide
Competitors	Samsung Display