| Product Code: ETC8848162 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Philippines continues to be a key destination for passive matrix liquid crystal display imports, with top exporters in 2024 being China, Hong Kong, Vietnam, Japan, and the USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 62.87% from 2020 to 2024 highlights the strong demand for these displays. Although the growth rate slightly decreased to 2.58% in 2024 compared to the previous year, the overall trend suggests a promising future for passive matrix liquid crystal display imports in the Philippines.

The market for passive matrix LCDs is relatively limited compared to active matrix displays, but it still serves applications in low-cost, low-power electronic devices such as calculators, older mobile phones, and simple digital displays, keeping a niche yet steady demand.
The passive matrix liquid crystal display (PM-LCD) market in the Philippines is evolving, driven by the demand for low-cost, energy-efficient display technology. Passive matrix LCDs are used in various consumer electronics, such as calculators, clocks, and simple portable devices. Although they are being gradually replaced by active matrix displays in higher-end applications, the affordability and simplicity of passive matrix LCDs ensure continued demand in niche applications. The market is expected to grow as demand for cost-effective display solutions in basic electronics persists.
This market struggles with declining relevance as active matrix displays dominate the market. Cost advantages are diminishing, and consumer demand for high-resolution displays sidelines this older technology.
The Philippines Passive Matrix Liquid Crystal Display (PM-LCD) market is growing, as PM-LCD technology remains relevant in certain applications where cost efficiency and lower power consumption are prioritized. PM-LCDs are commonly used in devices such as calculators, clocks, and low-cost televisions. While the market for active matrix LCDs is expanding, the demand for PM-LCDs continues in budget-conscious segments. Investors can look into opportunities for supplying PM-LCDs for niche applications where affordability and energy efficiency are key, alongside potential innovations in manufacturing processes that could make PM-LCDs more competitive.
In the Philippines, the government regulates the Passive Matrix Liquid Crystal Display (PM-LCD) Market to ensure that these displays meet the required standards for quality, performance, and safety. Policies encourage the local production of PM-LCDs for use in consumer electronics, automotive displays, and other industries. The government also provides support for research and development in display technologies, ensuring that Philippine manufacturers remain competitive in the global market for liquid crystal displays.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Passive Matrix Liquid Crystal Display Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Passive Matrix Liquid Crystal Display Market - Industry Life Cycle |
3.4 Philippines Passive Matrix Liquid Crystal Display Market - Porter's Five Forces |
3.5 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Passive Matrix Liquid Crystal Display Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for cost-effective display solutions in the Philippines |
4.2.2 Increasing adoption of passive matrix LCDs in industrial applications |
4.2.3 Technological advancements leading to improved display quality |
4.3 Market Restraints |
4.3.1 Competition from other display technologies such as OLED and LED |
4.3.2 Limited availability of high-quality passive matrix LCD panels in the market |
4.3.3 Price fluctuations due to changes in raw material costs |
5 Philippines Passive Matrix Liquid Crystal Display Market Trends |
6 Philippines Passive Matrix Liquid Crystal Display Market, By Types |
6.1 Philippines Passive Matrix Liquid Crystal Display Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Manual, 2021- 2031F |
6.1.4 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Automatic, 2021- 2031F |
6.2 Philippines Passive Matrix Liquid Crystal Display Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Instrument Cluster Displays, 2021- 2031F |
6.2.3 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Head-up Display, 2021- 2031F |
6.2.4 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Centre Stack Display, 2021- 2031F |
6.2.5 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Driver Information Display, 2021- 2031F |
6.2.6 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Advanced Instrument Cluster Display, 2021- 2031F |
6.2.7 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Rear- Seat Entertainment Touch Screen Display, 2021- 2031F |
6.3 Philippines Passive Matrix Liquid Crystal Display Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Premium Passenger Cars, 2021- 2031F |
6.3.3 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Compact Passenger Cars, 2021- 2031F |
6.3.4 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Luxury Passenger Cars, 2021- 2031F |
6.3.5 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Mid-Sized Passenger Cars, 2021- 2031F |
6.3.6 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Heavy Commercial Vehicles, 2021- 2031F |
6.3.7 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Light Commercial Vehicles, 2021- 2031F |
6.4 Philippines Passive Matrix Liquid Crystal Display Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Navigation, 2021- 2031F |
6.4.3 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Telematics, 2021- 2031F |
6.4.4 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Infotainment, 2021- 2031F |
6.4.5 Philippines Passive Matrix Liquid Crystal Display Market Revenues & Volume, By Blind Spot Detection, 2021- 2031F |
7 Philippines Passive Matrix Liquid Crystal Display Market Import-Export Trade Statistics |
7.1 Philippines Passive Matrix Liquid Crystal Display Market Export to Major Countries |
7.2 Philippines Passive Matrix Liquid Crystal Display Market Imports from Major Countries |
8 Philippines Passive Matrix Liquid Crystal Display Market Key Performance Indicators |
8.1 Average selling price (ASP) of passive matrix LCD panels |
8.2 Adoption rate of passive matrix LCDs in key industries |
8.3 Rate of technological innovations in passive matrix LCD technology |
9 Philippines Passive Matrix Liquid Crystal Display Market - Opportunity Assessment |
9.1 Philippines Passive Matrix Liquid Crystal Display Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Philippines Passive Matrix Liquid Crystal Display Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Philippines Passive Matrix Liquid Crystal Display Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 Philippines Passive Matrix Liquid Crystal Display Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Passive Matrix Liquid Crystal Display Market - Competitive Landscape |
10.1 Philippines Passive Matrix Liquid Crystal Display Market Revenue Share, By Companies, 2024 |
10.2 Philippines Passive Matrix Liquid Crystal Display Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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