Indium Gallium Zinc Oxide Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Indium Gallium Zinc Oxide Market was valued at USD 1.80 billion in 2021, and it is projected to be worth USD 3.69 billion by 2027, registering a CAGR of 12.31% during the forecast period, 2022-2027. Ever since its incorporation in LCDs back in 2012, Indium Gallium Zinc Oxide (IGZO) has become a driving force in various new developments not just specific to liquid crystals but in other display technologies. Thin-film transistors consisting of IGZO are among the products gaining the most traction owing to their enhanced performance compared to TFTs made with low-temperature-poly-silicon (LTPS), as well as their ability to be made ultra-thin and flexible for integration into a wide variety of devices.
Key HighlightsThe indium gallium zinc oxide market is moderately fragmented as the players are innovating with new technologies using indium gallium zinc oxide, which is making the market competitive. Some of the recent developments in the market are -
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