A thin film transistor (TFT) is a type of field-effect transistor that is usually used in a liquid crystal display (LCD). These are simple electronic control devices that are fabricated on a large transparent substrates. These thin film transistor display are used widely in flat-panel displays, television screens, computer monitors, mobile phones, projectors and personal digital assistants. TFT-based displays have a transistor for each pixel on the screen. This allows the electrical current that illuminates the display to be turned on and off at a faster rate, which makes the display brighter and shows motion smoother. A thin film transistor is also known as active matrix display technology which is more responsive to change. The Thin Film Transistors (TFT) market is expected to expand at a higher growth rate in the forecast period owing to the increasing demand of compact size, low price, reduced weight, and low power consumption displays in consumer electronic goods and rising disposable incomes and change in preference of consumers towards high definition picture quality. The continuous innovation in technology has increased the demand for global thin film transistor displays. However, high cost of manufacturing and less availability of high resolutions TFTs for professional applications are some factors which hinders the growth of the market. Efforts are being taken by many companies to upgrade their research and development activities to analyze further application that is expected to generate profitable growth opportunities for the market in the forecast period. Most of the companies are in process to develop Organic TFT technology, which makes it possible to have flexible display surfaces.
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The global Thin Film Transistors (TFT) market is segmented on the basis of material type, product type, application, end-user and region. On the basis of material type, the market has been segmented into organic and inorganic material. By product type, the market has been segmented into liquid crystal display, electronic paper display, LED, AMOLED, and others. On the basis of application, the market is segmented into television screens, computer/laptops monitors, mobile phones, wearable devices, and others. Television and computer/laptop monitors is expected to the largest application segment owing to its high demand for advanced high definition monitors and televisions from consumers. On the basis of end-user, the market has been segmented into automotive, consumer electronics, industrial, healthcare, BFSI and others. The consumer electronics segment witnesses a rising need for advanced TFT display, which has created a demand for Organic and advanced TFT display. Consumer electronics is expected to hold a major share of the global thin film transistor market.
In the region wise study, the global Thin Film Transistors (TFT) market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific which comprises China, India, South Korea, Australia and other rising economies captured significant market share followed by North America and Europe in 2016. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for the Thin Film Transistors (TFT) with the low cost of raw materials and huge production facilities in the country. The U.S. and India are expected to be the second largest market after China.
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The global Thin Film Transistors (TFT) market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products to the customers. Some of the key players engaged in Thin Film Transistors (TFT) market include various manufacturers such as Sony Corporation, Panasonic Corporation, LG Display, Samsung Group, Fujitsu Limited, AU Optronics Corp, Sharp Corporation, Chunghwa Picture Tubes, Ltd., Barco NV, BOE Technology Group Co., Ltd., Chi Mei Corporation, Innolux Corp, Mitsubishi Electric Corporation, Advantech Co. among others.
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