Indium Gallium Zinc Oxide Market Share

Market Share of Indium Gallium Zinc Oxide Industry

The indium gallium zinc oxide market exhibits moderate fragmentation, driven by players innovating with new technologies using indium gallium zinc oxide. This innovation is intensifying market competition as companies strive to develop advanced applications and improve product performance. Key players are focusing on research and development to enhance the efficiency and functionality of indium gallium zinc oxide in various applications, including display panels, solar cells, and sensors. Additionally, strategic partnerships and collaborations are becoming common as companies aim to strengthen their market position and expand their product portfolios.

• In April 2024, Apple, a leader in LTPO (low-temperature polycrystalline oxide) backplane technology, further innovated by incorporating IGZO (indium gallium zinc oxide) into driving thin-film transistors (TFTs). This strategic enhancement aims to improve the efficiency of LTPO displays, which are distinguished by their energy-saving features and variable refresh rates.
• In March 2024, ViewSonic launched its latest gaming monitor, the VX2781-4K-PRO-6, following the introduction of the XG272-2K-OLED. The XG272-2K-OLED features a 2.5K resolution and a 240 Hz OLED panel. ViewSonic claimed the VX2781-4K-PRO-6 to be a world-first innovation with its 27-inch, 4K display utilizing an IGZO (indium gallium zinc oxide) and IPS panel, offering a 165 Hz refresh rate.

Indium Gallium Zinc Oxide Market Leaders

1. Sharp Corporation

2. Apple Inc.

3. Sony Corporation

4. LG Electronics

5. Samsung Electronics Co. Ltd

*Disclaimer: Major Players sorted in no particular order