Overview of the global metal oxide TFT backplane market

Technavio’s market research analyst predicts that the global metal oxide TFT backplane market will grow at a significant CAGR of just over 24% during the forecast period. One of the key drivers influencing the growth of this market is the rising demand for UHD LCD TVs.  During 2015 alone, more than 28 million UHD LCD TVs were shipped globally. The price of UHD TV is much higher than HD TV, because of features like picture clarity and very high resolution. UHD TVs also offer features like wide field of view, better color range, and a high dynamic range. Superior optical quality and a better viewing experience are reasons which will have a positive impact on market growth during this forecast period.

Another factor propelling the growth of this market is the impact of technological advances like the emergence of 3D UHD TVs with 4K pixel resolution. The global UHD market currently incorporates 3D technology in UHD TVs, and such units are in high demand. Many 3D channels are being added by TV stations so that movies and football matches can be broadcast in this format for an enhanced viewing experience.

Application based segmentation and analysis of the metal oxide TFT backplane market

• Smartphone
• TV
• Tablet
• Laptop/notebook
• Desktop PC

The smartphone segment accounted for nearly 68% of the market share during 2015. Display manufacturers prefer metal oxide technology in smartphones due to low power consumption and its high-resolution displays. This segment will, however, not experience high growth patterns in the coming years as the metal oxide technology does not offer any cost advantage to the small and medium-sized display manufacturers.

Geographical segmentation and analysis of the metal oxide TFT backplane market

• Americas
• APAC
• EMEA

The APAC region dominated the global market in 2015 due to the sheer number of the display device and LCD/OLED panel manufacturers in the region. The report predicts the region to retain its market leadership due to the well-established supply chain for display devices here, growing at a CAGR of close to 25% during the forecast period.

Competitive landscape and key vendors

The global metal oxide TFT backplane market is dominated by Sharp as it was the first company to commercialize the production process. APAC countries like Japan, China, Taiwan, and South Korea dominate this market not only in terms of product but revenue generation as well. This technology is being used by other vendors like Apple and Foxconn in the manufacture of their devices. Since metal oxide technology offers significant energy savings, it is encouraging other vendors to switch over from a-Si and LTPS. New vendors are entering this market in the hope of capitalizing on increased demand

Key vendors in this market are -

• AU Optronics
• BOE Technology Group
• LG Display
• Samsung Display
• Sharp

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global metal oxide TFT backplane market?
• What are the key market trends influencing the growth of the global metal oxide TFT backplane market?
• What are the challenges to market growth?
• Who are the key vendors in the global metal oxide TFT backplane market?
• What are the market opportunities and threats faced by the vendors in the global metal oxide TFT backplane market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global metal oxide TFT backplane market?

Technavio also offers customization on reports based on specific client requirement.

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Metal oxide TFT backplanes is an emerging alternative to the existing backplanes technologies like a-Si and LTPS. A metal oxide is a material that forms the active channel of the transistor. Indium gallium zinc oxide (IGZO) is a promising metal oxide transistor material. IGZO is a metal compound that is deposited by the physical vapor deposition (PVD) method, which is also known as sputtering. Since metal oxide backplane technology offers high field-effect mobility and spatial uniformity, it is especially useful for current-driven, large-sized OLED displays. It is also beneficial for high-definition (HD) displays as the high mobility allows end users to increase the aperture ratio.

The report, global metal oxide TFT backplanes market, is part of Technavio’s hardware and semiconductor research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as computing devices, displays, embedded systems, human machine interface, lighting, semiconductor equipment, and sensors. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.