Technavio expects global TFT LCD market to rise on popularity of thinner, lighter devices

Technavio, the tech-focused global research firm, has forecast that the global TFT LCD display market will grow at a CAGR of 3.62% from 2014 to 2019.

“LCDs have gained popularity in the market as they are more cost-effective than conventional CRT displays. Features like light weight, reduced panel width, ability to be mounted on walls and low power consumption make them more user-friendly than conventional display systems.

“The reduced thickness of LCD glass substrates is leading vendors to focus on manufacturing slimmer and lightweight devices. Slim TFT LCDs are easily available in the market, making it easier for the manufactures of thin LCD glass substrates to invest,” says Faisal Ghaus, Vice President of Technavio.

“Corning introduced its EAGLE XG glass substrate, which excludes heavy metals such as barium, arsenic, halogen compounds and antimony, thus making it eco-friendly and cost-efficient.”

According to Technavio, the market will be buoyed by:

• Emergence of 3D LCD, ultra high definition (UHD), and smart TVs
• More end-user applications for LCDs
• Growing demand for low temperature polysilicon (LTPS) TFT LCD displays and devices that incorporate LCDs

The research firm also predicts that LCD glass substrates will continue to shrink in thickness while portable display devices will appear.

Key vendors mentioned in the Global TFT LCD Display Market 2015-2019 report include AU Optronics, Innolux, LG Display Co., and Samsung Display.