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iSuppli: Bright future awaits large-sized LCD panels

Posted: 12 Jul 2007 ?? ?Print Version ?Bookmark and Share

Keywords:large-sized LCD panels? iSuppli forecast? LCD-TV?

Due to rising demand, tightening supply and increasing prices, market research firm iSuppli Corp. has raised its forecast for large-sized LCD panel shipments for 2007 and the following years.

Global revenue for large-sized LCD panels, those with diagonal dimensions of 10 inches or greater, will rise to $66 billion in 2007, up 22.2 percent from $54 billion in 2006. This represents a 6 percent increase compared to iSuppli's previous forecast of $62 billion for 2007. In 2007, worldwide shipments are forecast to reach 353.8 million units, up 25.2 percent from 282.5 million units last year. The firm previously predicted shipments of 350.1 million units for the year.

"Following weak pricing conditions in Q4 2006 and in Q1 2007, the large-sized LCD panel market entered into a robust recovery in the second quarter!and strong conditions are persisting in the third quarter," said Sweta Dash, director for LCD and projection research at iSuppli.

Over $1B by 2011
This strength should continue during the coming years. Dash predicted the large-sized LCD panel market would expand to 597.6 million units by 2011, up 2 percent from iSuppli's previous forecast of 587.1 million units. Revenue will reach $102 billion in 2011, up 6 percent from iSuppli's previous forecast of $96 billion for the year. This will mark the first year the global large-sized LCD panel market exceeds $100 billion in size.

"Demand is rising from all three major markets for such panels: televisions, desktop monitors and notebook PCs. Meanwhile, inventories remain under control. This combination of rising demand and constrained supply is causing overall panel prices to increase. Demand for ever-larger LCD-TVs has prompted iSuppli to raise its revenue forecast by a larger margin than its unit forecast," Dash added.

In the LCD-TV market, sales are being driven up by lower prices for finished sets, improvements in performance, global shifts to DTV and the arrival of the Summer Olympics in 2008. Although costs for some panels are increasing or stabilizing, end prices for LCD-TVs are expected to continue to decline due to intense competition at the retail level. iSuppli has upgraded its forecast of global large-sized LCD-TV panel shipments in 2007 to 77.5 million units, a 2 percent increase from 75.6 million units previously.

PC monitors
Meanwhile, a strong recovery in the desktop PC monitor market in Q2 and Q3 is expected to drive sales to 163.2 million units in 2007, up 14 percent from 142.8 million in 2006. Greater adoption of wide panels and a shift to larger sizes will keep monitor shipment growth strong through 2011, iSuppli predicts.

The notebook PC LCD panel market is expected to reach 99.6 million units in 2007 and 161.5 million units in 2011, driven by lower prices, the rise of wireless capabilities in portable computers and the shift to larger display sizes. Wide-format displays accounted for 87 percent of notebook shipments in the first quarter. By 2011, more than 97 percent of notebook panels will use the wide format.

Another market for large-sized LCD panels!electronic retail signage!is projected to grow from 523,000 units in 2006 to 1.1 million units in 2007, and to rise to 15.4 million units by 2011. Reductions in prices and increases in performance!especially for the largest LCD panels!have resulted in greater adoption of LCD technology in the electronic signage market.

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