Terminal LCD Displays Market (Type - Conventional LCD Displays and Surface-mounted Displays; Technology - TFT LCD Displays, and Monographic LCD Displays; Application - Medical Equipment and Diagnostic Products, HMI Industrial Products, Home Automation Products, and Retail Sector Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022
Albany, NY -- (SBWIRE) -- 02/10/2016 -- According to a new market report published by Transparency Market Research entitled, "Terminal LCD Displays Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022," the global terminal LCD displays market was worth US$13.09 bn in 2014 and is expected to reach US$18.50 bn by 2022, expanding at a CAGR of 4.3% from 2015 to 2022. North America was the largest market for terminal LCD displays in 2014. Growth in this region is attributed to its fast innovation and development in technology contributing to retail, healthcare, and industrial automation products.
Terminal LCD displays are widely deployed in applications that demand an energy-efficient and cost-effective display systems. This is because terminal LCD displays allow for the display of data or information as per the application and demand. Terminal LCD displays are commonly deployed for home automation and HMI industrial products, including HMI touch panels, industrial PCs, operator interface terminals, and small-sized panels. The installation of LCD displays in medical equipment due to low cost is also picking up gradually. This is largely due to the development of advanced terminal LCD displays with high brightness and an enlarged viewing angle.
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With the technological advancements of terminal LCD displays providing a wide viewing angle and high brightness and contrast at very low cost, industries prefer the use of these displays instead of switching to alternative technologies such as OLED displays. The rapid expansion of the consumer electronics market, along with technological advancements, has provided necessary momentum for market growth. With the application of LCD displays in home automation products, HMI industrial products and medical equipment, demand for terminal LCD displays is expected to soar during the forecast period.
On the basis of types of LCD display, the global terminal LCD displays market is segmented into conventional LCD displays and surface-mounted LCD displays. In 2014, conventional LCD displays were the most preferred displays, and accounted for around 80% of the revenue of the overall terminal LCD displays market. Moreover, these displays are expected to expand at a CAGR of 4.2% from 2015 to 2022. The most significant factor driving the market for conventional LCD displays is their low cost, high durability, and their wide range of applications including computer monitors, retail sector products, industrial panels, medical devices, and consumer devices.
Based on technology, the global terminal LCD displays market is segmented into TFT LCD displays and monographic LCD displays. In 2014, among these, TFT LCD displays were the most preferred displays, and accounted for around 70% of the revenue of the overall terminal LCD displays market. Moreover, these displays are expected to expand at a CAGR of 4.7% from 2015 to 2022. The most significant factor driving the market for TFT LCD displays is their enhanced color, contrast, and picture quality.
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In terms of various applications, the terminal LCD displays market is segmented into medical equipment and diagnostic products, HMI industrial products, home automation products, and retail sector products. In 2014, medical equipment and diagnostic products held the largest revenue share of around 40% of the overall terminal LCD displays market. Terminal LCD displays deployed in medical equipment and diagnostic products are expected to expand at the fastest CAGR in terms of revenue during the forecast period from 2015 to 2022.
Geographically, North America is the largest market for terminal LCD displays, globally. In 2014, North America accounted for around 30% of the overall terminal LCD displays market revenue share. Furthermore, Asia Pacific is expected to witness the fastest growth during the forecast period. China, India, Japan, Australia, and South Korea are among the major markets for terminal LCD displays market in this region. The key players of the global terminal LCD displays market include Baxter International Inc., General Electric Co., Johnson and Johnson, Medtronic Inc., Siemens AG, Novartis AG, Koninklijke Philips N.V., American Industrial Systems Inc., Bosch Rexroth Group, Mitsubishi Electric Automation, Omron Corporation, Rockwell Automation, Schneider Electric SE, Crestron Electronics, Inc., Control4 Corporation, Legrand, Casio America Inc., Toshiba Corporation, NCR Corporation, Hisene Group, Sharp Electronics Corporation, Fujitsu Ltd., and IBM Corporation.
The global terminal LCD displays market is segmented as follows:
Terminal LCD Displays Market Analysis, by Type
Conventional LCD Displays
Surface-mounted LCD Displays
Terminal LCD Displays Market Analysis, by Technology
TFT LCD Displays
Monographic LCD Displays
Terminal LCD Displays Market Analysis, by Application
Medical Equipment & Diagnostic Products
Treatment Medical Devices
Blood Pressure Meters
Diabetes Monitors/Glucose Meters
HMI Industrial Products
HMI Touch Panels
Operator Interface Terminals
Rugged Touch Panel Computers
Small Sized Panels
Home Automation Products
Navigator Touch Screens/Panels
Media and Security Smartpad Panels
Thermostat Controller Panels
Retail Sector Products
Electronics Shelf Labels (ESL)
In addition, the report provides cross sectional analysis of the terminal LCD displays market with respect to following geographical segments:
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East and Africa (MEA)
Rest of MEA
Rest of Latin America
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