IGZO Display Market Overview
Indium gallium zinc oxide (IGZO) is a transparent, crystalline, thin film transistor (TFT), comprising semiconductor materials such as Indium, Gallium, Zinc and oxygen. IGZO display is considered as one of the most efficient thin film transistor to be used in flat panel displays and organic light-emitting diode (OLED) panels. The IGZO display is able to overcome the traditional limitations posed by silicon technology, resulting in high resolution with low power consumption. IGZO technology is increasingly adopted for display devices like smartphones, tablets, laptops and TVs which have ever rising demand for power efficiency, reliability and high resolution.
The IGZO display is being touted as the technology that will drive next generation flat panel displays. Besides offering high resolution with low power consumption, IGZO display,
Supports high electron mobility as compared to amorphous silicon
Can be made smaller in size to achieve same performance
Offers better battery life and supports touch sensitive displays for devices like smartphones and tablets.
Although IGZO technology is still at a nascent stage, it is expected to drive the market for next generation displays.
IGZO Display Market Drivers
IGZO displays are affordable, and this is one of the major factors for their increased demand. As the demand for high resolution, touch sensitive and power efficient display devices like, smartphones, tablets, laptops, televisions etc. increases, the demand for IGTO displays will eventually increase. IGZO technology based displays can easily replace existing silicon based displays with very little modifications. On other hand, IGZO displays face slow and negative market growth in some segments due to adoption of low-temperature polycrystalline silicon (LTPS) and other competitive display technology. The global IGZO display market is expected to exhibit double-digit growth in next five years for primary applications in smartphones and other displays.
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IGZO Display Market Segmentation
The global IGZO display market is segmented on the basis of product type, application, and geography. On the basis of product type, the global IGZO display market is categorized into smartphones, television, tablets, laptops, wearable devices, monitors, wall size displays and others. On the basis of key applications, the global IGZO display market is categorized into – home application, consumer application, industrial application, automotive healthcare and others. On the basis of geography, global IGZO display market is segmented into – North America, Latin America, Easter Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa.
Innovative advancement in IGZO displays are continuously focusing on making it more efficient and on increasing its performance on different applications. IGZO displays with High sensitivity sensors are driving new opportunities in various fields. IGZO displays are powering various displays that are used in medical devices such as high sensitivity sensors that can transform X-ray images into high resolution images. IGZO display technology is receiving recognition all over the world for its unbeatable capabilities and future scope.
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IGZO Display Market: Key Players
Sharp Corporation (Japan), Sony corporation (Japan), Apple Inc. (U.S.), Asus (Taiwan), Samsung Group (South Korea), LG Electronics (South Korea), Fujitsu (Japan), AU Optronics (Japan) are some of the top players in the global IGZO display market. Sharp Corporation was the first company who started mass production of LCD IGZO-TFT LCD panels in 2012.The basic strategy adopted by the top players in global IGZO display market is diversification and product innovation. With the continuous introduction of new innovative products and exploitation of wide range of possibilities in next generation displays, IGZO displays will dramatically transform future display market.