APO RESEARCH · REPORT
Flat Panel Display (FPD) Inspection Equipment
A liquid crystal display, which is the most typical kind of flat panel display (FPD), consists of two sheets of glass (8th generation substrates are 2,200 x 2,500 mm in size) separated by a 5 μm gap containing liquid crystals (solid or liquid intermediate material with crystalline properties) through which an image can be projected by applying an electric current to the liquid crystals to control the passage of light. This technology takes advantage of the properties of liquid crystals that enable them to both maintain the same orientation with respect to each other and change orientation when a voltage is applied. A large part of the process of creating a liquid crystal display is the formation of the circuits on the glass substrate.
Product & engineering
Understand the product.
A liquid crystal display, which is the most typical kind of flat panel display (FPD), consists of two sheets of glass (8th generation substrates are 2,200 x 2,500 mm in size) separated by a 5 μm gap containing liquid crystals (solid or liquid intermediate material with crystalline properties) through which an image can be projected by applying an electric current to the liquid crystals to control the passage of light. This technology takes advantage of the properties of liquid crystals that enable them to both maintain the same orientation with respect to each other and change orientation when a voltage is applied. A large part of the process of creating a liquid crystal display is the formation of the circuits on the glass substrate.
A FPD test is a test conducted during the flat panel display (FPD) manufacturing process, these tests are aimed to check panel functions and to evaluate the manufacturing processes.
To test panel functions in the array process, an Cell Test is conducted using an Cell Tester and an array prober. This test is intended to test the functionality of the TFT array circuit formed for the panel on the glass substrate and detect any wire breakage or short circuit.
Meanwhile, to test the manufacturing process in the array process for the purpose of checking whether the manufacturing process has succeeded or failed and providing feedback to the previous process, TEG testing is conducted using a DC parametric tester and a TEG prober. (“TEG” stands for test element group, which comprises TFT, capacity element, wire element, and other elements of an array circuit.)
Selected research
Industry Research
Flat Panel Display (FPD) Inspection Equipment Industry Research Report 2026
Market perspective
A liquid crystal display, which is the most typical kind of flat panel display (FPD), consists of two sheets of glass (8th generation substrates are 2,200 x 2,500 mm in size) separated by a 5 μm gap containing liquid crystals (solid or liquid intermediate material with crystalline properties) through which an image can be projected by applying an electric current to the liquid crystals to control the passage of light. This technology takes advantage of the properties of liquid crystals that enable them to both maintain the same orientation with respect to each other and change orientation when a voltage is applied. A large part of the process of creating a liquid crystal display is the formation of the circuits on the glass substrate.
A FPD test is a test conducted during the flat panel display (FPD) manufacturing process, these tests are aimed to check panel functions and to evaluate the manufacturing processes.
To test panel functions in the array process, an Cell Test is conducted using an Cell Tester and an array prober. This test is intended to test the functionality of the TFT array circuit formed for the panel on the glass substrate and detect any wire breakage or short circuit.
Read the full market overview
Meanwhile, to test the manufacturing process in the array process for the purpose of checking whether the manufacturing process has succeeded or failed and providing feedback to the previous process, TEG testing is conducted using a DC parametric tester and a TEG prober. (“TEG” stands for test element group, which comprises TFT, capacity element, wire element, and other elements of an array circuit.)
Global Flat Panel Display (FPD) Inspection Equipment key players include Orbotech, Agilent, KOH YOUNG, Mirtec, Vi Technology, etc. Global top five manufacturers hold a share over 40%.
Asia-Pacific is the largest market, with a share about 45%, followed by Americas and Europe, both have a share about 50 percent.
In terms of product, Array Test is the largest segment, with a share about 50%. And in terms of application, the largest application is LCDs, followed by LEDs.
Report Scope
This report quantifies the global Flat Panel Display (FPD) Inspection Equipment market in revenue (US$ million) and, where applicable, sales volume (Units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/Units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Flat Panel Display (FPD) Inspection Equipment.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Flat Panel Display (FPD) Inspection Equipment Market by Company
Orbotech
Soonhan
Agilent
KOH YOUNG
Mirtec
Viscom
Vi Technology
Saki
Omron
Cyberoptics
Nordson
Camtek
MJC
Takano
Flat Panel Display (FPD) Inspection Equipment Segment by Type
Array Test
Cell Test
Module Test
Flat Panel Display (FPD) Inspection Equipment Segment by Application
LCDs
LEDs
Others
Flat Panel Display (FPD) Inspection Equipment Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Flat Panel Display (FPD) Inspection Equipment market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Flat Panel Display (FPD) Inspection Equipment and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Flat Panel Display (FPD) Inspection Equipment.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Flat Panel Display (FPD) Inspection Equipment manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Flat Panel Display (FPD) Inspection Equipment by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Flat Panel Display (FPD) Inspection Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Array Test
- Cell Test
- Module Test
Applications
- LCDs
- LEDs
- Others
Companies covered
- Orbotech
- Soonhan
- Agilent
- KOH YOUNG
- Mirtec
- Viscom
- Vi Technology
- Saki
- Omron
- Cyberoptics
- Nordson
- Camtek
- MJC
- Takano
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Flat Panel Display (FPD) Inspection Equipment by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Array Test
- 2.2.3 Cell Test
- 2.2.4 Module Test
- 2.3 Flat Panel Display (FPD) Inspection Equipment by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 LCDs
- 2.3.3 LEDs
- 2.3.4 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Flat Panel Display (FPD) Inspection Equipment Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Flat Panel Display (FPD) Inspection Equipment Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Flat Panel Display (FPD) Inspection Equipment Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Flat Panel Display (FPD) Inspection Equipment Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Flat Panel Display (FPD) Inspection Equipment Production by Manufacturers (2021-2026)
- 3.2 Global Flat Panel Display (FPD) Inspection Equipment Production Value by Manufacturers (2021-2026)
- 3.3 Global Flat Panel Display (FPD) Inspection Equipment Average Price by Manufacturers (2021-2026)
- 3.4 Global Flat Panel Display (FPD) Inspection Equipment Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Flat Panel Display (FPD) Inspection Equipment Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Flat Panel Display (FPD) Inspection Equipment Manufacturers, Product Type & Application
- 3.7 Global Flat Panel Display (FPD) Inspection Equipment Manufacturers Established Date
- 3.8 Global Flat Panel Display (FPD) Inspection Equipment Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Orbotech
- 4.1.1 Orbotech Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.1.2 Orbotech Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.1.3 Orbotech Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.1.4 Orbotech Product Portfolio
- 4.1.5 Orbotech Recent Developments
- 4.2 Soonhan
- 4.2.1 Soonhan Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.2.2 Soonhan Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.2.3 Soonhan Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.2.4 Soonhan Product Portfolio
- 4.2.5 Soonhan Recent Developments
- 4.3 Agilent
- 4.3.1 Agilent Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.3.2 Agilent Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.3.3 Agilent Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.3.4 Agilent Product Portfolio
- 4.3.5 Agilent Recent Developments
- 4.4 KOH YOUNG
- 4.4.1 KOH YOUNG Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.4.2 KOH YOUNG Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.4.3 KOH YOUNG Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.4.4 KOH YOUNG Product Portfolio
- 4.4.5 KOH YOUNG Recent Developments
- 4.5 Mirtec
- 4.5.1 Mirtec Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.5.2 Mirtec Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.5.3 Mirtec Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.5.4 Mirtec Product Portfolio
- 4.5.5 Mirtec Recent Developments
- 4.6 Viscom
- 4.6.1 Viscom Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.6.2 Viscom Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.6.3 Viscom Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.6.4 Viscom Product Portfolio
- 4.6.5 Viscom Recent Developments
- 4.7 Vi Technology
- 4.7.1 Vi Technology Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.7.2 Vi Technology Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.7.3 Vi Technology Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.7.4 Vi Technology Product Portfolio
- 4.7.5 Vi Technology Recent Developments
- 4.8 Saki
- 4.8.1 Saki Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.8.2 Saki Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.8.3 Saki Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.8.4 Saki Product Portfolio
- 4.8.5 Saki Recent Developments
- 4.9 Omron
- 4.9.1 Omron Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.9.2 Omron Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.9.3 Omron Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.9.4 Omron Product Portfolio
- 4.9.5 Omron Recent Developments
- 4.10 Cyberoptics
- 4.10.1 Cyberoptics Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.10.2 Cyberoptics Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.10.3 Cyberoptics Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.10.4 Cyberoptics Product Portfolio
- 4.10.5 Cyberoptics Recent Developments
- 4.11 Nordson
- 4.11.1 Nordson Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.11.2 Nordson Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.11.3 Nordson Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.11.4 Nordson Product Portfolio
- 4.11.5 Nordson Recent Developments
- 4.12 Camtek
- 4.12.1 Camtek Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.12.2 Camtek Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.12.3 Camtek Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.12.4 Camtek Product Portfolio
- 4.12.5 Camtek Recent Developments
- 4.13 MJC
- 4.13.1 MJC Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.13.2 MJC Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.13.3 MJC Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.13.4 MJC Product Portfolio
- 4.13.5 MJC Recent Developments
- 4.14 Takano
- 4.14.1 Takano Flat Panel Display (FPD) Inspection Equipment Company Information
- 4.14.2 Takano Flat Panel Display (FPD) Inspection Equipment Business Overview
- 4.14.3 Takano Flat Panel Display (FPD) Inspection Equipment Production, Value and Gross Margin (2021-2026)
- 4.14.4 Takano Product Portfolio
- 4.14.5 Takano Recent Developments
5 Global Flat Panel Display (FPD) Inspection Equipment Production by Region
- 5.1 Global Flat Panel Display (FPD) Inspection Equipment Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Flat Panel Display (FPD) Inspection Equipment Production by Region: 2021-2032
- 5.2.1 Global Flat Panel Display (FPD) Inspection Equipment Production by Region: 2021-2026
- 5.2.2 Global Flat Panel Display (FPD) Inspection Equipment Production Forecast by Region (2027-2032)
- 5.3 Global Flat Panel Display (FPD) Inspection Equipment Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Flat Panel Display (FPD) Inspection Equipment Production Value by Region: 2021-2032
- 5.4.1 Global Flat Panel Display (FPD) Inspection Equipment Production Value by Region: 2021-2026
- 5.4.2 Global Flat Panel Display (FPD) Inspection Equipment Production Value Forecast by Region (2027-2032)
- 5.5 Global Flat Panel Display (FPD) Inspection Equipment Market Price Analysis by Region (2021-2026)
- 5.6 Global Flat Panel Display (FPD) Inspection Equipment Production and Value, YOY Growth
- 5.6.1 North America Flat Panel Display (FPD) Inspection Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Flat Panel Display (FPD) Inspection Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Flat Panel Display (FPD) Inspection Equipment Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Flat Panel Display (FPD) Inspection Equipment Production Value Estimates and Forecasts (2021-2032)
6 Global Flat Panel Display (FPD) Inspection Equipment Consumption by Region
- 6.1 Global Flat Panel Display (FPD) Inspection Equipment Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Flat Panel Display (FPD) Inspection Equipment Consumption by Region (2021-2032)
- 6.2.1 Global Flat Panel Display (FPD) Inspection Equipment Consumption by Region: 2021-2026
- 6.2.2 Global Flat Panel Display (FPD) Inspection Equipment Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Flat Panel Display (FPD) Inspection Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Flat Panel Display (FPD) Inspection Equipment Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Flat Panel Display (FPD) Inspection Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Flat Panel Display (FPD) Inspection Equipment Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Flat Panel Display (FPD) Inspection Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Flat Panel Display (FPD) Inspection Equipment Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Flat Panel Display (FPD) Inspection Equipment Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Flat Panel Display (FPD) Inspection Equipment Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Flat Panel Display (FPD) Inspection Equipment Production by Type (2021-2032)
- 7.1.1 Global Flat Panel Display (FPD) Inspection Equipment Production by Type (2021-2032) & (Units)
- 7.1.2 Global Flat Panel Display (FPD) Inspection Equipment Production Market Share by Type (2021-2032)
- 7.2 Global Flat Panel Display (FPD) Inspection Equipment Production Value by Type (2021-2032)
- 7.2.1 Global Flat Panel Display (FPD) Inspection Equipment Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Flat Panel Display (FPD) Inspection Equipment Production Value Market Share by Type (2021-2032)
- 7.3 Global Flat Panel Display (FPD) Inspection Equipment Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Flat Panel Display (FPD) Inspection Equipment Production by Application (2021-2032)
- 8.1.1 Global Flat Panel Display (FPD) Inspection Equipment Production by Application (2021-2032) & (Units)
- 8.1.2 Global Flat Panel Display (FPD) Inspection Equipment Production Market Share by Application (2021-2032)
- 8.2 Global Flat Panel Display (FPD) Inspection Equipment Production Value by Application (2021-2032)
- 8.2.1 Global Flat Panel Display (FPD) Inspection Equipment Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Flat Panel Display (FPD) Inspection Equipment Production Value Market Share by Application (2021-2032)
- 8.3 Global Flat Panel Display (FPD) Inspection Equipment Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Flat Panel Display (FPD) Inspection Equipment Value Chain Analysis
- 9.1.1 Flat Panel Display (FPD) Inspection Equipment Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Flat Panel Display (FPD) Inspection Equipment Production Mode & Process
- 9.2 Flat Panel Display (FPD) Inspection Equipment Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Flat Panel Display (FPD) Inspection Equipment Distributors
- 9.2.3 Flat Panel Display (FPD) Inspection Equipment Customers
10 Global Flat Panel Display (FPD) Inspection Equipment Analyzing Market Dynamics
- 10.1 Flat Panel Display (FPD) Inspection Equipment Industry Trends
- 10.2 Flat Panel Display (FPD) Inspection Equipment Industry Drivers
- 10.3 Flat Panel Display (FPD) Inspection Equipment Industry Opportunities and Challenges
- 10.4 Flat Panel Display (FPD) Inspection Equipment Industry Restraints
11 Report Conclusion
12 Disclaimer
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