Ferroelectric Liquid Crystal Display (FLCD) Market
Ferroelectric Liquid Crystal Display (FLCD) Market Size, Share & Trends Analysis Report by Industry Verticals (Entertainment, Automotive, Medical Devices, Fashion, Defense and Aerospace, and Others), and by End-User (Microdisplays and Head Mounted Display) Forecast Period (2024-2031)
Ferroelectric liquid crystal display market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). The ferroelectric liquid crystal display (FLCD) demand is influenced by its superior display quality, low power consumption, versatility, and application diversity. FLCDs are particularly valuable in gaming, medical imaging, and digital signage due to their high contrast ratios and fast response times. It is additionally suitable for battery-operated devices. FLCDs are also gaining popularity in emerging markets such as Asia-Pacific and Latin America owing to urbanization, disposable incomes, and growing middle-class populations.
Market Dynamics
Technological Advancements in virtual reality (VR)
The demand for high-performance displays in VR is driven by the development of advanced VR systems. FLCDs, known for their fast response times and high resolutions, are well-suited for creating immersive virtual reality experiences that enhance the realism and engagement of VR applications.
Expansion of Consumer Electronic
The FLCD market is expanding owing to the increasing use of wearables, which offer low power consumption and high-speed response. It is estimated that by 2025, nearly 5 billion mobile users globally will have at least one wearable device.
Market Segmentation
- Based on industry verticals, the market is segmented into entertainment, automotive, medical devices, fashion, defense and aerospace, and others (telecommunications).
- Based on the end-user, the market is segmented into microdisplays and head-mounted displays.
Regional Outlook
The ferroelectric liquid crystal display market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Growth of the Entertainment Industry In North America Region
The expansion of the entertainment sector and its post-pandemic rehabilitation have increased demand for innovative display technologies, game consoles, and home entertainment systems utilization of a growing number of FLCDs. According to the International Trade Administration, in December 2020, the US Media and Entertainment (M&E) industry, with a market value of $660 billion, holds the top spot globally, accounting for around a third of the $2 trillion global industry. Unfortunately, the industry experienced a setback of approximately $53 billion, or a 7.3% decline due to the impact of the pandemic. However, the streaming services and digital media sectors saw a surge in subscriptions and consumer demand in 2020.
Ferroelectric Liquid Crystal Display Market Growth by Region 2024-2031
Asia-Pacific Holds Major Market Share
The increased demand for passenger cars and electric vehicles is driving the automobile industry to include advanced display technologies such as FLCDs for instrument clusters, infotainment systems, and head-up displays. According to the India Brand Equity Foundation (IBEF), in March 2024, the Indian passenger car market was valued at $32.70 billion in 2021, expected to reach $54.84 billion by 2027. The global electric vehicle market was estimated at $250 billion in 2021, with growth projected to reach $1,318 billion by 2028. India produced 23,58,041 units in FY24, and the electric vehicle market is expected to reach $7.09 billion by 2025, with a potential $206 billion opportunity by 2030.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the liquid crystal display market include AUO Corp., BAE Systems plc, LG Display Co., Ltd., Panasonic Corp., Ltd., and Sony Corp., among others. These companies are consistently conducting research and development on ferroelectric liquid crystal display technologies, positioning themselves as potential market players in the near future. Market expansion and applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market. For instance, in December 2021, Intellisense Systems Inc. introduced the Smart Video Display Terminal 6*8, this new display is designed for new aircraft developments and modernization programs. The SVDT-0608 uses a 16.7 million-color active matrix liquid crystal display with XGA resolution that provides wide viewing angles, sunlight readability, and NVIS compatibility. Moreover, the SVDT-0608 is available with different features, including digital video interfaces such as ARINC-818 and HD-SDI for a variety of aircraft cockpit lighting conditions.
The Report Covers-
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global ferroelectric liquid crystal display market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Market Segmentation
3.1. Global Ferroelectric Liquid Crystal Display Market by Application
3.1.1. Microdisplays
3.1.2. Head Mounted Displays
3.2. Global Ferroelectric Liquid Crystal Display Market by End-User
3.2.1. Consumer Electronics
3.2.2. Automotive
3.2.3. IT and Telecommunication
3.2.4. Defense and Aerospace
3.2.5. Others (Aerospace and Defense and Medical Devices)
4. Regional Analysis
4.1. North America
4.1.1. United States
4.1.2. Canada
4.2. Europe
4.2.1. UK
4.2.2. Germany
4.2.3. Italy
4.2.4. Spain
4.2.5. France
4.2.6. Rest of Europe
4.3. Asia-Pacific
4.3.1. China
4.3.2. India
4.3.3. Japan
4.3.4. South Korea
4.3.5. Rest of Asia-Pacific
4.4. Rest of the World
4.4.1. Latin America
4.4.2. Middle East and Africa
1. Global Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
2. Global Ferroelectric Liquid Crystal Display For Consumer Electronics Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Ferroelectric Liquid Crystal Display For Automotive Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Ferroelectric Liquid Crystal Display for IT and Telecommunication Market Research And Analysis By Region, 2023-2031 ($ Million)
5. Global Ferroelectric Liquid Crystal Display for Other End-User Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
7. Global Ferroelectric Liquid Crystal Display For Microdisplay Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global Ferroelectric Liquid Crystal Display For Head Mounted Displays Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Ferroelectric Liquid Crystal Display Market Research And Analysis By Region, 2023-2031 ($ Million)
10. North American Ferroelectric Liquid Crystal Display Market Research And Analysis By Country, 2023-2031 ($ Million)
11. North American Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
12. North American Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
13. European Ferroelectric Liquid Crystal Display Market Research And Analysis By Country, 2023-2031 ($ Million)
14. European Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
15. European Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
16. Asia-Pacific Ferroelectric Liquid Crystal Display Market Research And Analysis By Country, 2023-2031 ($ Million)
17. Asia-Pacific Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
18. Asia-Pacific Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
19. Rest Of The World Ferroelectric Liquid Crystal Display Market Research And Analysis By Region, 2023-2031 ($ Million)
20. Rest Of The World Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
21. Rest Of The World Ferroelectric Liquid Crystal Display Market Research And Analysis By End-User, 2023-2031 ($ Million)
1. Global Ferroelectric Liquid Crystal Display Market Share By End-User, 2023 Vs 2031 (%)
2. Global Consumer Electronics Ferroelectric Liquid Crystal Display Market Share By Region, 2023 Vs 2031 (%)
3. Global Automotive Ferroelectric Liquid Crystal Display Market Share By Region, 2023 Vs 2031 (%)
4. Global Medical Devices Ferroelectric Liquid Crystal Display Market Share By Region, 2023 Vs 2031 (%)
5. Global IT and Telecommunication Ferroelectric Liquid Crystal Display Market Share By Region, 2023 Vs 2031 (%)
6. Global Defense and Aerospace Ferroelectric Liquid Crystal Display Market Share By Region, 2023 Vs 2031 (%)
7. Global Other End-User Ferroelectric Liquid Crystal Display Market Share By Region, 2023 Vs 2031 (%)
8. Global Ferroelectric Liquid Crystal Display Market Share By End-User, 2023 Vs 2031 (%)
9. Global Ferroelectric Liquid Crystal Display For Microdisplays Market Share By Region, 2023 Vs 2031 (%)
10. Global Ferroelectric Liquid Crystal Display For Head Mounted Displays Market Share By Region, 2023 Vs 2031 (%)
11. Global Ferroelectric Liquid Crystal Display Market Share By Region, 2023 Vs 2031 (%)
12. US Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
13. Canada Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
14. UK Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
15. France Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
16. Germany Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
17. Italy Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
18. Spain Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
19. Rest Of Europe Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
20. India Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
21. China Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
22. Japan Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
23. South Korea Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
24. Rest Of Asia-Pacific Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
25. Latin America Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
26. Middle East And Africa Ferroelectric Liquid Crystal Display Market Size, 2023-2031 ($ Million)
