Flat Panel Displays: Evaluating Dominance and Prospective Growth of LCD Technology

Why is LCD Technology Prevalent in the Flat Panel Display Market?

Liquid Crystal Display (LCD) is primarily used in manufacturing flat-panel displays due to its cutting-edge technology enabling superior resolution and picture quality. It also presents a lower cost of production, primarily due to efficient manufacturing processes and the scalability of these processes. In addition, as LCD technology is well-established, economies of scale have been achieved, further reducing per-unit costs.

What Fuels the Growth of the LCD Segment?

The surge in the demand for high-definition televisions and the proliferation of smart devices are the primary factors driving the upswing in the LCD segment. In addition, technical advancements such as the development of ultra-high-definition (UHD) or 4K LCD displays provide extraordinary picture quality, these innovations contribute to expanding market penetration. Notably, the advancement and popularity of touch screen equipment have intensified the utilization of LCD technology.

Can LCD Maintain its Dominance?

Despite stiffening competition from alternative display technologies such as LED and OLED, LCD is likely to maintain its market dominance. The propensity for equipment manufacturers to continue exploiting the cost and production efficiency advantages of LCD technology can underpin its dominance. However, this projection is contingent upon LCD manufacturers continuing to innovate and improve, by matching up against the potential superiorities of competing technologies in terms of energy efficiency and viewing angles especially.