The global metal oxide TFT backplane market to grow at a CAGR of 24.24% during the period 2016-2020.
Global Metal Oxide TFT Backplane Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The report covers the present scenario and the growth prospects of the global metal oxide TFT backplane market for 2016-2020. To calculate the market size, the analyst considers the total unit shipments of metal oxide TFT backplane to original equipment manufacturers (OEMs).
A trend which is boosting market growth is the demand for high resolution display panels. Pixel density is a measurement of high resolution, i.e., higher the pixel density, sharper and clearer the display. Display resolution is becoming one of the important features among consumers while purchasing smartphones, tablets, notebooks, and TVs.
Therefore, display panel manufactures are opting for high resolution display to enhance the consumer experience. For instance, in October 2015, Microsoft launched Surface Pro 4 tablet that uses IGZO TFT LCD backplane manufactured by Sharp. The display panel has two million more pixels than Surface Pro 3.
According to the report, a key growth driver is the rise in demand for UHD LCD TV displays. In 2015, the UHD TV unit shipment reached 28.57 million units globally and is expected to grow at a CAGR of 37.31% during the forecast period. TV manufacturers are producing UHD TVs with superior optical properties and wide field of view.
With rise in UHD content providers worldwide, the demand for UHD TVs is growing. The price of UHD TVs is significantly high compared to HD TVs because of better picture clarity and resolution (better picture details with four times the resolution of full HD), a wide field of view, extended color range, high dynamic range (HDR), and other high-definition picture performance.
Further, the report states that one challenge that could restrict market growth is the time-to-market pressure faced by vendors.
- AU Optronics - BOE Technology Group - LG Display Co. - Samsung Display Co. - Sharp