JULY 12--The LCD market is positioned for strong growth in 2002 after disappointing results in 2001, according to analysts at iSuppli/Stanford Resources (El Segundo, CA). The global LCD market is expected to enjoy an increase of more than 34% in 2002, in terms of value, as compared with 2001. This growth in value is driven by increases in panel prices for large TFT-LCDs, as well as rising demand for LCD monitors and notebook computers. Small-panel applications, such as PDAs and cellular phones, are shifting to color STN and color TFT displays, which carry higher prices.
The latest data indicate that the LCD industry can expect a healthy rate of growth through 2006 amid some periodic imbalances. Revenues for 2006 will approach $52 billion, up from $27 billion in 2001, for a compound annual growth rate (CAGR) of 19%. The leading growth segment in the market will continue to be large panels for use in monitors, notebook computers, and LCD TVs. The value of monitor panels will exhibit a CAGR of 35% to surpass $21.7 billion by 2006, up from just $4.8 billion in 2001. Several other application areas for LCD panels also will exhibit double-digit growth through 2006, including notebook computers, PDAs, and cell phones, creating an across-the-board advance in the LCD panel market.
The latest company report, Worldwide LCD Market Tracker, can be purchased from the iSuppli/Stanford Resources Web site at www.stanfordresources.com.