Liquid Crystal Display Market Report 2024 (Global Edition)

Global Liquid Crystal Display Market Report 2024 Market Size Split by Type Outlook: (TN Twisted Nematic, STN Super Twisted Nematic, DSTN Dual Scan Tortuosity Nomograph, TFT Thin Film Transistor), by A...

Liquid Crystal Display Market Report Description

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Competitive Landscape of the Liquid Crystal Displays Market

The liquid crystal display (LCD) market is highly competitive, driven by technological advancements and innovation. Key players include Samsung Electronics, LG Display, BOE Technology, and Sharp Corporation, competing on factors such as product performance, resolution, and energy efficiency. Emerging trends like OLED integration and mini-LED backlighting are intensifying competition. Chinese manufacturers dominate production capacity, while global brands focus on premium segments like 8K displays and smart devices. Partnerships, R&D investments, and cost optimization remain central strategies for market leadership.

In July 2020, LG introduced the LSAA LED signage series, one of the most cutting-edge LED signage systems. This new series offers design, giant-screen functionality, and integration with cable-less block assembly design. (Source: https://www.lg.com/in/business/information-display/led-signage/indoor/lsaa012/?srsltid=AfmBOorK8GnJCvrrAQKU9tCIa1Fm3ry-WmeRMqiKWSRHziIwJxEsnW9-) In April 2023, Leading panel manufacturer Innolux declared that it would combine the manufacturing of its antiquated LCD fabs. (Source: https://www.digitimes.com/news/a20230419PD206/display-panel-india-innolux-lcd-must-read.html) In April 2023, China-based LCD screen producer HKC Corporation formed a partnership with Japan Display (JDI). With this change, HKC will be able to produce active-matrix organic light-emitting diode (AMOLED) displays using JDI's most recent technology. JDI announced the development of a game-changing technology in 2022. HKC is anticipated to invest billions in its Chinese production facilities in order to meet its target. (Source: https://english.kyodonews.net/news/2023/04/6e8a501bcf5b-update1-japan-display-chinas-hkc-to-jointly-produce-organic-el-displays.html)

Top Companies Market Share in Liquid Crystal Display Industry: (In no particular order of Rank)

• * Panasonic Corporation (Japan)
• * LG Display Co.
• Ltd (South Korea)
• * HannStar Display Corporation (Taiwan)
• * AU Optronics Corp. (Taiwan)
• * Chi Mei Corporation. (Taiwan)
• * SAMSUNG (South Korea)
• * SHARP CORPORATION (Japan)
• * Schneider Electric (France)
• * Siemens (Germany)
• * Mitsubishi Electric Corporation (Japan)
• * SONY INDIA. (India)
• * FUJITSU (Japan)
• * Chunghwa Picture Tubes
• LTD. (Taiwan)
• * Barco. (Belgium)
• * BOE Technology Group Co.
• Ltd. (China)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Liquid Crystal Displays Market

Which Region Dominates the Liquid Crystal Displays Market in 2024?

According to Cognitive Market Research, North America currently dominates the Liquid Crystal Displays market, and the region is expected to have significant growth during the projected period. This is due to the robust technological advancements, high consumer demand for premium displays, and strong adoption in sectors like entertainment, automotive, and healthcare. The region's well-established electronics industry and increasing investments in innovative display technologies further bolster its market leadership.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This growth is driven by increasing demand for consumer electronics, advancements in display technologies, and robust manufacturing capabilities in countries like China, Japan, and South Korea, solidifying the region's dominance in the market.

The current report Scope analyzes Liquid Crystal Display Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Liquid Crystal Display

According to Cognitive Market Research, the global Liquid crystal Displays market size was estimated at USD 269541.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 107816.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.4% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Liquid crystal Displays market with a market size of USD 85067.30 million in 2024 and is projected to grow at a CAGR of 31.2% during the forecast period. The US market's Stringent governmental regulations against plastic pollution.
• The Canada Liquid Crystal Displays market had a market share of USD 12937.99 million in 2024 and is projected to grow at a CAGR of 32.2% during the forecast period. Canada’s rising awareness among the population.
• The Mexico Liquid Crystal Displays market is projected to witness growth at a CAGR of 31.9% during the forecast period, with a market size of USD 9811.31 million in 2024.

Europe Liquid Crystal Display

According to Cognitive Market Research, the global Liquid crystal Displays market size was estimated at USD 269541.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 80862.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 31.7% from 2024 to 2031.

• The United Kingdom Liquid Crystal Displays market had a market share of USD 13584.89 million in 2024 and is projected to grow at a CAGR of 32.5% during the forecast period. In the UK, Liquid crystal Display sales witnessed an upswing due to the increasing focus on environmental sustainability.
• The France Liquid Crystal Displays market is projected to witness growth at a CAGR of 30.9% during the forecast period, with a market size of USD 7439.35 million in 2024.
• According to Cognitive Market Research, the German Liquid Crystal Displays market size was valued at USD 16010.77 million in 2024 and is projected to grow at a CAGR of 31.9% during the forecast period. In Germany, Liquid crystal Displays surged due to the Increased focus of the manufacturers and major market players.
• The Italy Liquid Crystal Displays market is projected to witness growth at a CAGR of 31.1% during the forecast period, with a market size of USD 6954.17 million in 2024.
• The Russian liquid crystal Displays market is projected to witness growth at a CAGR of 30.7% during the forecast period, with a market size of USD 12533.68 million in 2024.
• The Spain Liquid crystal Displays market is projected to witness growth at a CAGR of 30.8% during the forecast period with a market size of USD 6630.72 million in 2024
• The Luxembourg Liquid Crystal Displays market is projected to witness growth at a CAGR of 31.8% during the forecast period, with a market size of USD 2506.74 million in 2024.
• The Portugal Liquid Crystal Displays market is projected to witness growth at a CAGR of 31.5% during the forecast period, with a market size of USD 1698.11 million in 2024.
• The Greece Liquid Crystal Displays market is projected to witness growth at a CAGR of 32.0% during the forecast period, with a market size of USD 970.35 million in 2024.
• The Rest of Europe's Liquid crystal Displays market is projected to witness growth at a CAGR of 30.4% during the forecast period, with a market size of USD 12533.68 million in 2024.

Asia Pacific Liquid Crystal Display

According to Cognitive Market Research, the global Liquid crystal Displays market size was estimated at USD 269541.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 61994.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 35.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Liquid Crystal Displays market size was valued at USD 27897.55 million in 2024 and is projected to grow at a CAGR of 34.7% during the forecast period. Liquid crystal displays surged in China due to the Increased focus of the manufacturers and major market players.
• The Japan Liquid Crystal Displays market is projected to witness growth at a CAGR of 33.7% during the forecast period, with a market size of USD 8555.25 million in 2024.
• The India Liquid Crystal Displays market had a market share of USD 7439.35 million in 2024 and is projected to grow at a CAGR of 37.0% during the forecast period. India's rising awareness among the populations .
• The South Korean Liquid Crystal Displays market is projected to witness growth at a CAGR of 34.3% during the forecast period, with a market size of USD 6199.45 million in 2024.
• The Australian Liquid Crystal Displays market is projected to witness growth at a CAGR of 34.9% during the forecast period, with a market size of USD 3223.72 million in 2024.
• The South East Asia Liquid Crystal Displays market is projected to witness growth at a CAGR of 36.2% during the forecast period, with a market size of USD 4277.62 million in 2024.
• The Rest of the Asia Pacific Liquid Crystal Displays market is projected to witness growth at a CAGR of 35.0% during the forecast period, with a market size of USD 4401.61 million in 2024.

South America Liquid Crystal Display

According to Cognitive Market Research, the global Liquid crystal Displays market size was estimated at USD 269541.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 13477.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Liquid Crystal Displays market size was valued at USD 5768.19 million in 2024 and is projected to grow at a CAGR of 33.2% during the forecast period. Liquid crystal displays flourished in Brazil due to increasing demand for packaged food and beverages.
• Argentina's Liquid Crystal Displays market had a market share of USD 2264.15 million in 2024 and is projected to grow at a CAGR of 33.5% during the forecast period. Argentina's rising personal disposable income .
• Colombia Liquid Crystal Displays market is projected to witness growth at a CAGR of 32.4% during the forecast period, with a market size of USD 1199.46 million in 2024.
• Peru Liquid Crystal Displays market is projected to witness growth at a CAGR of 32.8% during the forecast period, with a market size of USD 1105.12 million in 2024.
• Chile's Liquid Crystal Displays market is projected to witness growth at a CAGR of 32.9% during the forecast period, with a market size of USD 1970.35 million in 2024.
• The Rest of Latin America's Liquid crystal Displays market is projected to witness growth at a CAGR of 31.7% during the forecast period, with a market size of USD 2169.81 million in 2024.

Middle East and Africa Liquid Crystal Display

According to Cognitive Market Research, the global Liquid crystal Displays market size was estimated at USD 269541.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 5390.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 32.9% from 2024 to 2031..

• The GCC Countries Liquid Crystal Displays market is projected to witness growth at a CAGR of 33.7% during the forecast period, with a market size of USD 2307.28 million in 2024. Liquid crystal Display sales flourish due to the presence of major market players.
• The Egypt Liquid Crystal Displays market is projected to witness growth at a CAGR of 33.2% during the forecast period, with a market size of USD 566.04 million in 2024.
• The South Africa Liquid Crystal Displays market is projected to witness growth at a CAGR of 33.9% during the forecast period, with a market size of USD 851.75 million in 2024. Liquid crystal Display sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Liquid Crystal Displays market is projected to witness growth at a CAGR of 32.4% during the forecast period, with a market size of USD 463.61 million in 2024.
• The Nigeria Liquid Crystal Displays market is projected to witness growth at a CAGR of 32.0% during the forecast period, with a market size of USD 566.04 million in 2024.
• The Rest of the MEA Liquid Crystal Displays market is projected to witness growth at a CAGR of 31.9% during the forecast period, with a market size of USD 636.12 million in 2024.

Liquid Crystal Display Market Analysis

How are Segments Performing in the Global Liquid Crystal Displays Market?

Liquid crystal Displays Market Type Segment Analysis

According to Cognitive Market Research, The TN (Twisted Nematic) technology holds the largest share in the liquid crystal displays (LCD) market due to its cost-effectiveness, fast response times, and widespread application. TN panels are commonly used in monitors, laptops, and televisions, where affordability is a key factor. Their simple manufacturing process reduces production costs, making them accessible to a wide audience. Additionally, TN panels offer high refresh rates, appealing to gaming and multimedia markets despite limited viewing angles and colour reproduction.

STN (Super Twisted Nematic) displays hold the fastest-growing segment of the Liquid Crystal Displays (LCD) market due to their lower cost, better contrast ratios, and efficient power consumption. These displays are widely used in applications like calculators, digital watches, and automotive dashboards, offering improved readability in various lighting conditions. Their combination of performance and affordability makes them popular in industries seeking cost-effective yet reliable display solutions, driving their rapid adoption and market expansion.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Liquid Crystal Display Industry. Request a Free Sample PDF!

Liquid crystal Displays Market Application Segment Analysis

According to Cognitive Market Research, Televisions hold the largest share in the Liquid Crystal Displays (LCD) market due to the widespread adoption of flat-screen TVs, offering superior image quality, energy efficiency, and slim designs. The demand for larger screen sizes and advanced features like 4K and smart capabilities drives this segment. Additionally, affordable prices, improved production techniques, and consumer preference for high-definition entertainment contribute to the dominance of TVs in the LCD market, making them the primary application for LCD technology globally.

In the Liquid Crystal Displays Market, Desktop systems hold the fastest-growing segment in the Liquid Crystal Displays (LCD) market due to their increasing use in gaming, professional workstations, and multimedia applications. Desktops require larger, high-resolution displays for tasks such as graphic design, video editing, and immersive gaming experiences. With advancements in LCD technology, including higher refresh rates, improved colour accuracy, and energy efficiency, desktops continue to drive demand for larger and better-performing LCD screens, accelerating their market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Liquid Crystal Display End User Outlook: Segment Analysis

Liquid crystal Displays Market End User Segment Analysis

According to Cognitive Market Research, Consumer electronics holds the largest share of the Liquid Crystal Display (LCD) market due to the widespread demand for devices such as televisions, smartphones, laptops, and tablets, which all utilize LCD technology. The growing consumer preference for high-definition, energy-efficient displays with vibrant colours and slim profiles drives significant adoption. Additionally, advancements in LCD technology, such as LED backlighting, enhance performance, further solidifying consumer electronics as the dominant sector in the LCD market. This trend is expected to continue as technology evolves.

In the Liquid crystal Displays market the rapidly growing sector is healthcare sector is driving the fastest growth in the Liquid Crystal Displays (LCD) market due to the increasing demand for advanced medical devices, diagnostic tools, and patient monitoring systems. LCDs are essential in medical imaging, surgical displays, and portable diagnostic equipment for their high resolution, clarity, and durability. As healthcare adopts more digital technologies for accurate diagnosis, treatment, and patient management, the need for reliable, high-performance LCD screens continues to rise, fueling market expansion in this sector.

• Consumer Electronics
• Healthcare
• Aviation

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Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.

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