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IDC predicts 56% LCD panel revenue growth this year

Posted: 01 Apr 2004 ?? ?Print Version ?Bookmark and Share

Keywords:lcd? tv receiver? tft-lcdm idc?

The demand for LCD TV receivers is expected to drive the next wave of growth in the LCD panel market according to IDC's new study, titled "Worldwide TFT-LCD Demand and Supply 2004-2007 Forecast".

This study predicts that, due to the growth of LCD-TV demand, the TFT-LCD market, which includes LCD-TV receiver panels, notebook LCD panels, and desktop monitor LCD panels, will grow by a compound annual growth rate (CAGR) of 15 percent from $24 billion in 2003 to reach $42 billion in 2007. This year the total LCD panel market revenue will grow by 56 percent to $37 billion.

Addition findings from IDC's study include:

  • The 17-inch panel size will become the most popular for desktop PC LCD monitors during 2004, accounting for 60 percent of total desktop PC LCD monitor demand. 19-inch panels will account for 40 percent share by 2007.
  • By 2007, 43 percent of LCD-TV panels will be over 30 inches, increasing sharply from 4% in 2003, due to the introduction of sixth- and seventh-generation LCD production lines dedicated to LCD-TV market segment.
  • 14.1-inch and 15-inch panels will remain the mainstream size for notebooks. The combined market share for these two LCD panel sizes will hover around 90 percent from 2004 to 2007. Panels under 14.1 inches will actually disappear during the forecast period.
  • On a percentage basis, higher unit demand than revenue implies that the LCD market will be oversupplied during the forecast period and experience notable price erosion, especially from 2005 and beyond.




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