IGZO (Indium Gallium Zinc Oxide) is a semiconductor used for making Transparent Transistors. It has 20 to 50 times more Electron Mobility as compared to Amorphous Silicon. IGZO is basically known to be the future of high resolution displays that allows high pixel densities and help in reducing the power consumption. This technology is used in flat-panel displays such as monitors, smartphones and tablets and is commercially adopted by big players of the Global Market. There are five thin transparent layers in the monitor display that allows the light to escape that enables us to see the display. Behind the monitor, a transparent layer of glass with millions of tiny electrodes is present. Each pixel comes with a transparent transistor. The performance and quality of display depends on the size of these transparent transistors.
The demand for IGZO Displays is growing at a steady pace across the globe. These displays are replacing the amorphous-silicone market in the end-use sectors. The Global Display Applications Market is forecast to reach $377 Billion by 2020 growing at a CAGR of 30.2%.
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Growth and Driving Factors: The demand for flat-panel displays with high resolution is on the rise. The clarity of pictures due to high pixels in these devices is attracting the consumers to use these products. Other factors impacting the market are consumers demand for long battery life, touch sensitivity and ease of use in the electronic products especially in the portable devices. The growing market for monitors, smartphones, and tablet PCs, wearable devices such as smart watches is also leading to a high growth of IGZO Displays.
TFT (Thin Film Transistor) technology is the most commonly used display units in the mobile phones. It offers high quality image but does not gives a clear view in direct light, and also consumes more power, hence, less battery friendly. Due to such limitations of few displays the companies are coming up with new technologies that are more user-friendly. High adoption rate of these technologies among the customers is driving the display industry.
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This report on the Global IGZO Display Market identifies many insights and M&A opportunities, besides providing a detailed analysis of the applications of the same. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the IGZO Displays Market and future opportunities are provided in the report.
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The IZGO Display Market is a compact market with only two segmentations based on:
1.By Application: Monitor, Smartphone, Tablet PC, Wearable
Devices and Others.
2.By Geography: Americas, Europe, APAC and ROW.
• Apple Inc. (U.S.)
• Asus (Taiwan)
• AU Optronics (Taiwan)
• Fujitsu (Japan)
• LG Electronics (South Korea)
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