Analysis of Indian LCD panel market

DUBLIN, IRELAND: Research and Markets has announced the addition of Frost & Sullivan's new report "Analysis of the Indian LCD Panel Market" to their offering.

This study analyses the Indian market to identify opportunities available; when setting up a LCD panel manufacturing facility, from a demand perspective

Wide scope of application and high local demand for LCD panels make it the ideal time for LCD panel manufacturing in India

Television sales have been rapidly surging; the Indian mobile handset market continues to grow despite turbulent economic conditions and the usage of industrial displays is also on the rise. Thus, the applications of LCD panels and awareness about it have drastically increased in India.

Commonly used applications including the television, monitor, and mobile handset use thin-film transistors LCD (TFT-LCD) panels, whose penetration rate is growing substantially compared to the traditional displays.

The evolution of the Indian manufacturing ecosystem is a new trend, with several manufacturers considering India as an export hub for various product lines. Local demand, export prospects, government initiatives, wide applications, and low set-up costs during the economic decline, favor LCD panel manufacturers, making it an ideal time for LCD panel manufacturing in India.

"India is geared up for LCD panel manufacturing," says the analyst of this research. "Increased LCD product line consumption, growth in the electronics industry despite temporary slackening and the expansion of manufacturing industries in India will be strong growth boosters for the Indian LCD panel markets in the next one to four years."

LCD displays are the solutions to the rising need for lower power-consuming, space-saving, and better displays. LCD has a high penetration rate compared to the traditional display technologies and is here to stay in the market.

In India, LCD displays are soon expected to exceed cathode ray tube (CRT) displays in sales. No other flat panel display technology is as price competitive as the LCD displays. It also offers better value, thereby paving the way for significant opportunities for LCD panel manufactures in the coming years.