Worldwide display industry continues growth

MARCH 6--Global display-shipment projections for the remainder of this decade vary and depend on technological, developmental, and market factors; but one thing is certain, they are headed up. Display technology advances have made possible the widespread use of devices such as cellular phones, camcorders, and digital cameras.

According to a soon-to-be-released publication from Business Communications Company (Norwalk, CT; (www.bccresearch.com), RDDN02 Display Industry Review, the value of worldwide shipments of electronic displays were estimated at approximately $65.6 billion in 2002. Shipments are forecast to grow at an AAGR (average annual growth rate) of 11.9% to reach $115.3 billion by 2007.

Worldwide CRT shipments are valued at $33.1 billion in 2002. They are expected to grow at an AAGR of 4.6% and reach $41.5 billion by 2007. Penetration of flat-panel displays into the CRT market is increasing. Flat-panel displays are currently estimated at $32.5 billion, accounting for 49.5% the total value. Their value is projected to grow at an AAGR of 17.8% and account for about 64% of the total value of electronic displays by 2007.