LCDs Continue to Gain Traction in Global Market for Electronic Display Materials
The global market for electronic display materials is expected to grow to $119.9 billion by 2018, with a five-year compound annual growth rate (CAGR) of 8.4%. Flat panel displays, the largest and fastest sector in the market, is moving at a CAGR of 8.1%, according to BCC Research.
The cathode ray tube (CRT), once the leading type of display, has been replaced in most applications by flat panel display (FPD) technologies such as liquid crystal (LCD) and plasma displays. The FPD segment is projected to account for 97.6% of the total display materials market 2018 and have an estimated value of $117 billion. The CRT segment, which was valued at $214.1 million in 2013, is expected to decline to $1 million by 2018 and register a CAGR of -65.8%.
“CRT and rear projection displays have largely disappeared from the market and plasma’s star appears to be fading,” said Andrew McWilliams, analyst. “Today, LCD displays dominate the market, but face growing competition from organic light emitting diode (OLED) and other new technologies, including flexible and transparent displays.”
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