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Asia-Pacific (APAC) Will Remain The Most Important Market for Dielectric Materials, While Row is an Emerging Market
Traditionally, APAC and North Americahave dominated the dielectric materials market due to easy availability of cheaper semiconductor materials. However, the ROWregion lags far behind its counterparts as far as the display technology is concerned. One of the key factors responsible for it is the lack of knowledge aboutthe materials technology. The display materials market is already a mature market and with the improvement in technology, it is going to growfurthermore.
Currently,APAC region is the largest contributor for thematerialsmarket. This is mainly becauseAPAC has the largest base fordisplay manufacturers and consumer electronics companies.APAC is the most favorablemarket for cell phones, tablets, laptops, and TVs. Smartphone, tablet, laptop, and TV manufacturers such asSamsung and LG as they are based in South Korea. Similar players such asSony Corporation, Sharp Corporation, and Panasonic Corporation are based in Japan, whileAcer Inc. is based in Taiwan. Vendors of these companies are also based in APAC. Countries such as China, Japan, Taiwan, and South Korea are the key countries contributing to the growth ofthis market.APAC has successfully emerged with therecord of thehighest growth rate with regardto many consumer electronic products such assmartphone, tablet, laptop, TV, and so on. Besides, economies in APACsuch asChina and India are booming, currently; similarly, the economies of Taiwan, Indonesia, Singapore, and Malaysia have been showing positive results, off late. Most display companies are based in the APAC region. APAC region holds the largest share of the global OLED manufacturing market,which is the one of the best technologiesavailable today with us. The APAC regionís OLED display market accounted for a largechunk of the overall OLED display market share in 2013. Revenue in APAC is expected to reach the mark of $26 billion in 2020, growing at an estimated CAGR of approximately 7%, from 2013 to 2020.
The Middle East and Africa are the important regions covered under the rest of world segment, though, at the current stage, ROW is not the maincontributor to the overall dielectric material market, but in the coming five years, it is projectedthat the market of materials and the technology associated with it will grow at a significant pace.
Dielectric Materials Market by Technology (OLED, LED, TFT-LCD, LED-LCD, Plasma, LCOS, DLP), Application (Conventional, 3D, Transparent, Flexible), Material (Metal Oxide, a-Silicon, LTPS, PET, PEN, Photonic Crystals) & by Geography - Global Forecast to 2013 - 2020
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