The global Thin Film Transistor market was valued at US$ 125.9 million in 2022 and is projected to reach US$ 232.9 million by 2029, at a CAGR of 9.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Market size in 2022
|US$ 125.9 million||
Forecast Market size by 2029
|US$ 232.9 million|
|CAGR of 9.2%||Number of Pages||200+ Pages|
A thin film transistor (TFT) is a distinct class of field-effect transistor (FET) produced by depositing thin-films of an active semi-conductor layer along with the dielectric layer & metallic connections over a supporting substrate. It is also a type of flat-panel LCD display screen, in which each pixel is controlled by one to four transistors. This transistor could be made using an extensive variety of semi-conductor materials where a popular material is silicon. Transistors are embedded inside the panel itself, lessening crosstalk between pixels & improving image stability. The primary application of thin film transistors is within TFT LCDs, an implementation of liquid crystal display technology.
A Thin Film Transistor (TFT) is a crucial semiconductor device widely used in electronics, especially in displays like LCDs (Liquid Crystal Displays) and OLEDs (Organic Light Emitting Diodes). It plays a vital role in controlling individual pixels on modern flat-panel screens.
The TFT is a unique kind of field-effect transistor (FET) composed of a thin layer of semiconductor material, usually amorphous silicon or polysilicon, that gets deposited on a substrate like glass or plastic. This thin film design enables a compact and efficient structure, making it ideal for incorporation into large-scale integrated circuits.
Thin Film Transistor Market aims to provide a comprehensive presentation of the global market for Thin Film Transistor, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thin Film Transistor. Thin Film Transistor Market contains market size and forecasts of Thin Film Transistor in global, including the following market information:
- Global Thin Film Transistor Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Thin Film Transistor Market Sales, 2018-2023, 2024-2029, (K Units)
- Global top five Thin Film Transistor companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.
Comprises liquid crystal display Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Thin Film Transistor include Sony Corporation, Apple, Inc, Samsung Group, LG Electronics, Fujitsu Limited, AU Optronic, Sharp Corporation, Chunghwa Picture Tubes, Ltd and BASF SE, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
- Asia Pacific is the largest market for TFTs, with a CAGR of 19.2%. The growth of the market in this region is being driven by the increasing demand for FPDs, touch screens, and sensors in the region. China is the largest market for TFTs in Asia Pacific, followed by South Korea and Japan.
- North America is the second-largest market for TFTs, with a CAGR of 16.5%. The growth of the market in this region is being driven by the increasing demand for FPDs, touch screens, and sensors in the automotive and medical industries. The United States is the largest market for TFTs in North America, followed by Canada and Mexico.
- Europe is the third-largest market for TFTs, with a CAGR of 14.8%. The growth of the market in this region is being driven by the increasing demand for FPDs, touch screens, and sensors in the automotive and consumer electronics industries. Germany is the largest market for TFTs in Europe, followed by the United Kingdom and France.
- Rest of the World is the fourth-largest market for TFTs, with a CAGR of 13.1%. The growth of the market in this region is being driven by the increasing demand for FPDs, touch screens, and sensors in emerging markets, such as China, India, and Brazil.
We surveyed the Thin Film Transistor manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
|Report Attributes||Report Details|
Thin Film Transistor Market Size, Emerging Trends, Technological Advancements, and Business Strategies 2023-2032
|Market Size In 2022||US$ 125.9 million|
|Market Size By 2029||US$ 232.9 million|
|Growth Rate||CAGR of 9.2%|
|Historical Year||2018 to 2022 (Data from 2010 can be provided as per availability)|
|Number of Pages||100+ Pages|
|Customization Available||Yes, the report can be customized as per your requirements.|
Total Market by Segment:
Global Thin Film Transistor Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Thin Film Transistor Market Segment Percentages, by Type, 2022 (%)
- Comprises liquid crystal display
- Electronic paper display
Global Thin Film Transistor Market, by Size, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Thin Film Transistor Market Segment Percentages, by Size, 2022 (%)
- Small-Sized TFT
- Medium-Sized TFT
- Large-Sized TFT
Global Thin Film Transistor Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Thin Film Transistor Market Segment Percentages, by Application, 2022 (%)
- Smartphones & tablets
- Wearable devices
Global Thin Film Transistor Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)
Global Thin Film Transistor Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
The report also provides analysis of leading market participants including:
- Key companies Thin Film Transistor revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Thin Film Transistor revenues share in global market, 2022 (%)
- Key companies Thin Film Transistor sales in global market, 2018-2023 (Estimated), (K Units)
- Key companies Thin Film Transistor sales share in global market, 2022 (%)
Key players include:
- Sony Corporation
- Apple, Inc
- Samsung Group
- LG Electronics
- Fujitsu Limited
- AU Optronic
- Sharp Corporation
- Chunghwa Picture Tubes, Ltd
- BASF SE
- BOE Technology Group Co., Ltd
- Innolux Corporation
- Japan Display Inc.
- CSOT (China Star Optoelectronics Technology)
- Tianma Microelectronics Co., Ltd.
- Visionox Technology Inc.
- Market Share: Samsung Electronics holds the leading position in the TFT market with a substantial market share of 20%.
- Product Offerings: The company is a major manufacturer of Flat Panel Displays (FPDs), encompassing a wide range of products like LCDs (Liquid Crystal Displays) and OLEDs (Organic Light Emitting Diodes). Additionally, Samsung Electronics is involved in the production of touch screens and sensors, further reinforcing its dominance in the TFT industry.
- Market Share: LG Display ranks as the second-largest player in the TFT market, with a considerable market share of 15%.
- Product Offerings: The company is a prominent manufacturer of FPDs, which include LCDs and OLEDs. LG Display is also actively engaged in producing touch screens, consolidating its position as a key player in the TFT market.
- Market Share: Sharp Corporation secures the third-largest position in the TFT market, holding a market share of 10%.
- Product Offerings: The company is recognized for its manufacturing prowess in FPDs, offering a diverse range of LCDs and other display technologies. Additionally, Sharp Corporation also focuses on producing sensors, contributing to its influence in the TFT industry.
Japan Display Inc.:
- Market Share: Japan Display Inc. stands as the fourth-largest player in the TFT market, commanding a market share of 8%.
- Product Offerings: The company specializes in the production of FPDs, manufacturing LCDs and other display solutions. Japan Display Inc. plays a significant role in the TFT market with its innovative display technologies.
CMO Display Corporation:
- Market Share: CMO Display Corporation ranks as the fifth-largest player in the TFT market, holding a market share of 5%.
- Product Offerings: The company primarily focuses on the manufacturing of FPDs, including LCD panels, contributing to its position in the TFT industry
Information for each competitor includes:
- Company Profile
- Business Overview
- Major Product Offerings
- Sales and Revenue in Global (2018-2023)
- Key News & Latest Developments
- Production Capacity of Key Manufacturers in Global Market
- Rising Demand for Flat Panel Displays (FPDs):
- FPDs are widely used in smartphones, tablets, laptops, and TVs.
- This increasing demand for devices is directly fueling the need for TFTs, a crucial component in FPDs.
- Surging Popularity of Touch Screens:
- Touch screens are gaining immense popularity due to their user-friendly and intuitive interfaces compared to traditional buttons and switches.
- TFTs play a vital role in touch screens by detecting the user’s touch and transmitting signals to the device’s processor.
- Advancements in TFT Technologies:
- The TFT technology continues to evolve with ongoing developments to enhance its performance and efficiency.
- These innovative TFT technologies are paving the way for new applications, including wearable devices and smart home appliances.
- Competition from Alternative Technologies:
- While OLEDs present themselves as potential alternatives to TFTs, boasting advantages like improved image quality and lower power consumption,
- TFTs still hold the dominant position in the FPD market and are expected to maintain their stronghold in the foreseeable future.