Indium gallium zinc oxide (IGZO) is a crystalline, transparent, and thin film transistor (TFT). It comprises semiconductor materials such as gallium, indium, zinc, and oxygen. Indium gallium zinc oxide display is considered as one of the most efficient thin film transistor (TFT) to be used in flat panel displays and organic light-emitting diode (OLED) panels. The IGZO market is segmented by product type, by application, and by geography. The market has been segmented on the basis of product type into smartphones, tablets, wall size displays, wearable devices, televisions,laptops, monitors, and others. The market had predominantly been dominated by Amorphous Silicon (a-Si) and LTPS LCD, both combining to form the largest percentage of the smartphone displays market; but the current market trend indicatesthe growing demand and adoption rate of indium gallium zinc oxide technology. Currently, indium gallium zinc oxide technology is increasingly utilized for various display devices such as tablets, smartphones, TVs, and laptops which have ever increasing need for reliability, power efficiency, and high resolution.On the basis of key applications, the global indium gallium zinc oxidemarket is categorized into –consumer application, home application, automotive, healthcare, industrial application, and others. The indium gallium zinc oxide market is primarily growing due to its affordable price and extensive applications in smartphones and other displays. With the increasing demand for touch sensitive, high resolution, and power efficient display devices such as tablets, smartphones, laptops, and televisions, demand for IGZO displays will also increase. However, in some segments, IGZO displays experience slow market growth due to increasing usage of low-temperature polycrystalline silicon technology and other advanced display technology.
The global indium gallium zinc oxidemarket is segmented geographically into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and Latin America. Asia Pacific was the most dominant market for indium gallium zinc oxide in 2015 and this region is projected to retain its dominance over the forecast period. This region accounted for the major market share due to increasing demand for indium gallium zinc oxide from emerging countries such as China, India, Singapore, Malaysia, Japan, and Australia. Among these countries China has emerged as one of the major manufacturers of indium gallium zinc oxidein this region. Hence, China is emerging as the most lucrative market for availability of low cost indium gallium zinc oxidein the world. Apart from this, the indium gallium zinc oxideindustry is expected to be majorly dominated by technologically advanced nations in the near future.
The indium gallium zinc oxide marketis highly competitive with the presence of a large number of well-established local, regional, and international players.Rapidly growing number of vendors creates intense competition in this market. Competition in the market will intensify further with the emergence of more players.Most of the indium gallium zinc oxidemanufacturing companies in the domestic and regional market have started to manufacture application specific products for different end users and are posing a strong challenge to international indium gallium zinc oxidevendors. Over time, local and regional vendors will find it increasingly difficult to compete with international vendors based on parameters such as product quality, product reliability, product price, and technological innovations. With the continuous introduction of new innovative products with added features, indium gallium zinc oxide displays will significantlychangethe future display market. An increase in merger and acquisition and technological innovations will further intensify the level of competition among existing market players. Moreover, the international vendors are expected to acquire domestic players to strengthen their market presence in the coming years. Some of thetop players in the globalindium gallium zinc oxide marketare Sharp Corporation (Japan), Apple Inc. (U.S.), Sony Corporation (Japan), Asus (Taiwan), LG Electronics (South Korea), AU Optronics (Japan), Samsung Group (South Korea), andFujitsu (Japan) among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.