Monitor market hits all-time high; LG. Philips sets record
MARCH 13--According to Massachusetts-based market-research firm International Data Corporation in PC Displays Year in Review, the LCD monitor market had its fastest growth in 2001.
MARCH 13--According to Massachusetts-based market-research firm International Data Corporation (IDC) in PC Displays Year in Review, the LCD monitor market had its fastest growth in 2001. LCD monitor shipments in 2001 totaled 15.5 million units, a 143% increase over 2000. In addition, the 15-in. monitor segment grew by 142.4%, with 2001 shipments totaling 12.4 million units.
These growth rates signify the continued adoption and penetration of LCDs in the desktop-monitor market, where CRTs had previously prevailed. In addition, as predicted by market analysts, this also signals the impending shift of LCD monitors over notebook computers within the next few years.
"2001 was indeed a banner year for the LCD monitor market," noted Bob O'Donnell, IDC research director, device technology. "We saw extreme growth in established segments, such as the 15-in. monitors, as well as the continued adoption of larger 18- and 20-in. monitors."
LG.Philips LCD Co. Ltd. (Seoul, South Korea; www.lgphilips-lcd.com) has shipped more than 3.2 million thin-film-transistor (TFT)LCDs for monitor applications in 2001, setting another record for this segment and a 148% increase from 2000 shipments. In addition, the company's shipments in the 15-in. segment grew to more than 2.7 million, compared to approximately 1.2 million in 2000.
According to Bruce Berkoff, executive vice president of marketing for LG.Philips LCD, LCDs will remain a major and growing force in the monitor market, as more consumers realize the benefits of LCDs over CRTs. LG.Philips' strong performance in supplying LCDs for the monitor market has played a key role in this growth year, and the company is well poised to extend this growth in 2002.