The global ferroelectric liquid crystal display market is anticipated to grow at a considerable CAGR during the forecast period.  Ferroelectric liquid crystal display (FLCD) is the display technology that uses the ferroelectric properties of chiral smectic liquid crystals; the display technology is used to make displays with high resolution and smaller in size. The displays can be used in a wide range of industry verticals such as entertainment, education, art and aerospace. The rising demand for energy-efficient and high-resolution displays which is smaller in size is the major driving factor of the technology. The adoption of the technology in various industries by using the concept of ferroelectric liquid crystal on silicon is another factor propelling the growth of the market. The display offers a wide viewing angle making it useful in television sets is the most opportunity segment for the FLCD. The display is highly sensitive to shock and vibration making it very fragile, hence mobility becomes a challenge that hinders the growth of market. The higher cost of the display also restrains the growth of the market.  The Adoption of ferroelectric liquid crystal on silicon technologies will create an opportunity for growth as it will reduce the cost of the displays, moreover, the research and development in the field of displays will also help to propel the ferroelectric liquid crystal display market.

Impact of COVID-19 Pandemic on Global Ferroelectric Liquid Crystal Display Market 

The effects of the COVID-19 pandemic are felt across the world and are having a significant impact on the technology sector.  Companies with remote working technologies have seen an increase in demand as businesses increase their remote working and the hardware sector saw major demand coming from enterprises that are placing large orders for laptops, and mobile devices to support employees working from home. Meanwhile, the growing demand for hardware, laptops, and smartphones, has significantly impacted the market during the COVID-19 pandemic.

Segmental Outlook 

The global ferroelectric liquid crystal display market is segmented on the basis on industry verticals, and end user products.  Based on industry verticals, the market is sub-segmented into entertainment

fashion, defense and aerospace, and other. Based on end user products, the market is bifurcated into micro displays, televisions, laptops/PC monitors, smartphones, and others. Based on end-user products, the television segment is expected to grow at the fastest rate, owing to its various advantages provided by the television such as ferroelectric liquid crystal display when inserted into television, provides high contrast in small and large areas, shade capability under all levels of illumination including direct sunlight, and interface similar to CRT TV display. Owing to its multiple advantages the television segment attained the fastest growth in the global ferroelectric liquid crystal display market.

Global Ferroelectric Liquid Crystal Display Market Share by End User Products, 2021 (%)

Micro Display Segment is projected to attain a Significant Growth in Coming Years 

A Microdisplay is a small compact size screen with a diagonal size of fewer than two inches. It is majorly used in rear-projection television, head-mounted displays (HMDs), and head-up displays (HUDs). Some of the key characteristics of Microdisplay include high resolution, good picture quality, and low power consumption. Owing to its wider benefits the Microdisplay is widely used among various ends user industries such as military and defense, consumer electronics, and healthcare.  Moreover, the presence of key market players operating in the market is highly inclined toward the adoption of different strategic moves including partnerships, mergers, and acquisitions to stay competitive in the market. For instance, in March 2022, Micledi Microdisplay announced a manufacturing collaboration with Global Foundries. Under this agreement, Micledi’s microdisplay array is combined with GF’s 22 FDX platforms that provide ultra-low power feature integration capability needed to build Miceldi’s microLED array in mass production.  

Regional Outlooks

The global ferroelectric liquid crystal display market is further segmented based on geography including North America (the US, and Canada Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America).  The Asia-Pacific region is the fastest growing region of the global ferroelectric liquid crystal display market, owing to increase in the purchasing of automobiles, and government initiatives to promote the growth of defense and aerospace, as ferroelectric liquid crystal displays are largely used among these end-user industries.   

Global Ferroelectric Liquid Crystal Display Market Growth, by Region 2021-2028

North America Region Dominated the Global Ferroelectric Liquid Crystal Display Market 

North America is holding the largest market share of the global fertility drug market. The growth is mainly driven by the factors such as increasing production of aircraft cockpit displays, computer monitors, LCD televisions, and instrument panels that are responsible for the increasing demand for Ferroelectric liquid crystal displays in the region. Moreover, new product development and launches by market players are further aid in the market growth. For instance, in November 2021, Kopin a US-based company secured a follow on order under the F-35 joint strike fighter (JSF) program. As a part of the order, the company supplies high brightness liquid crystal displays for the JSF program.   

Market Players Outlook

The major companies serving the global ferroelectric liquid crystal display market Citizen Group, Displaymate Technologies Corp., Fujitsu, Hannstar Display Corp., Himax Technologies Inc., LG Display and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2021, Kopin Corp., collaborated with Jade Bird Display, to develop super bright monochrome LED microdisplays. Under the collaboration, jade bird provides LED wafers and the hybrid bonding service on Kopin designed and supplied Si backplane wafers for monolithic 2Kx2K LED microdisplays. 

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global ferroelectric liquid crystal display market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future. 
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.