New York, NY -- (SBWIRE) -- 08/10/2017 -- Dynamic consumer electronics industry will remain a key factor driving demand for flat panel display in the global market. Persistent Market Research (PMR) estimates the market to expand at a GAGR of 5.8%.

Rise in adoption of Flat Panel Display (FPD) is a major factor driving growth of the global flat panel display market. With continuously prospering consumer electronics sector, the market is projected to witness demand for HMI (Human Machine Interface) technology in the upcoming years, which in turn will accelerate expansion of the FPD market. Flat Screen Monitors are gaining higher traction in automotive sector. Demand for large displays, coupled with rapid pace of technology advancements will together contribute towards the market growth. However, increased capital investment in R&D to provide smart features in FPD is estimated to enhance market liquidity in near feature.

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The emergence of innovative FPD models by leading manufacturers is foreseen to be another key factor escalating the FPD's demand. Introduction of OLED (Organic light emitting diode) has paved potential opportunities for growth of the market. The advent of consistent industrial flat panel (IFP) display monitor will further continue to boost the market growth. Rapid price rebound has been an important factor propelling the demand for flat panel display since the recent past. The global flat panel display market is anticipated to witness number of application-rooted opportunities in verticals beyond automotive and electronics. In addition, increasing application of FPDs in advertising, education, media and communication sectors are further estimated to fuel demand for FPD over the forecast period.

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Rapid adoption of FPD in critical analysis by high resolution medical imaging technology poses to be an influential factor to impact the market growth. Robust adoption of mobile computing devices, and rapid advancements in semiconductor technology are also projected to augment the market growth for FPDs.

By technology, liquid crystal display (LCD) is estimated to remain dominant in the market, and is poised to account for a market share of over 86% by 2020 end. Plasma display, which is estimated to be the second largest technology segment, will reach a value of over US$ 11 Mn by 2020-end.

Organic light-emitting diode display (OLED) technology is likely to exhibit a significant growth through 2015-2020.

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Consumer Electronics will remain largest application segment in the market, followed by the automotive sector. Demand for FPDs in emerging economies, for example - APAC countries such as India and China, is expected to be comparatively higher than other regional segments. This is mainly attributed to major clusters of consumer electronics manufacturers in the APAC. APEJ region is projected to remain dominant consuming about ket85% share in terms of revenue. Japan is expected to remain second largest market holding around 10% share of the market by 2020-end.America and Europe will represent exponentially growing markets over the forecast period.

Key market players listed in PMR's report include Sony Corporation, Panasonic Corporation, LG Display Co. Ltd., , and Emerging Display Technologies Corp. Some other notable companies include AU Optronics Corporation, Sharp Corporation, Innolux Corp., Japan Display Inc., Samsung Electronics Co. Ltd., and Universal Display Corporation.