December 14, 2020
As per the business intelligence report titled ‘Global Thin-Film Transistor Market Size study, by Fabrication Type (Organic, Inorganic), by Product Type (Liquid Crystal Display, Light Emitting Diode, Electronic Paper Display, AMOLED), by End-User (Consumer Electronics, Automotive, BFSI, Industrial, Healthcare, Others) and Regional Forecasts 2020-2027’ available with Market Study Report LLC, global thin-film transistor market is slated to witness lucrative gains during 2020-2027.
The report cites that rising product adoption in indirect as well as direct capture digital radiography detectors, increasing utilization in the manufacture of AMOLED (active-matrix organic light-emitting diode) displays, and flourishing consumer electronics vertical are augmenting the growth of global thin-film transistor market.
For the uninitiated, thin-film transistors or TFT are field-effect transistors or FET that are primarily used in LCDs (liquid crystal display). They are made by layering thin films of an active semiconductor along with the dielectric and metallic contacts layer over a supporting substrate.
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Escalating demand for image stability as well as compact and lightweight consumer electronic products coupled with widespread applications of the technology across medical science and robotics are stimulating the global thin-film transistor market outlook. On the contrary, limited availability of high-resolution TFTs along with high costs associated with manufacturing of the product are impeding the overall industry expansion.
Moreover, stringent lockdown measures imposed by authorities across the globe amid the Covid-19 pandemic have arrested manufacturing activities and drastically affected the consumer electronics industry. Therefore, restrictions on the movement of goods and services to curb the rapid spread of the virus are inhibiting product demand, thereby restraining the market expansion.
Based on fabrication type, the overall market is split into inorganic, and organic. The product landscape of the industry comprises of AMOLED, electronic paper display, light emitting diode, and liquid crystal display. With regards to end-user terrain, global thin-film transistor industry is bifurcated into healthcare, industrial, BFSI, automotive, consumer electronics, and others.
From a regional perspective, Asia-Pacific accounts for a majority of the market share and is predicted to register the highest CAGR over 2020-2027. Rising disposable income along with surging demand for high-definition picture quality are propelling the expansion of the regional market.
Players that boast of a commanding status in worldwide thin-film transistor market are Innolux Corporation, Winstar Display Co. Ltd., Sharp Corporation, Toshiba Corporation, BOE Technology Group Co. Ltd., Fujitsu Ltd., Samsung C&T Corporation, LG Display Co. Ltd., Sony Corporation, and Panasonic Corporation among others.