FPDs to Record Sizzling Growth with Sales to Exceed US$114.4 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
Flat Panel Displays (FPDs) are no more a new product to the world of displays. End-users have begun to use FPDs extensively as display devices in various electronic gadgets such as TVs, notebook-size computers and mobile phones. Price ranges are little high, but melting down, courtesy - numerous R&D initiatives. Nevertheless, already FPD manufacturers made their mark among the customers with their aggressive marketing strategies.
San Jose, California (PRWEB) July 18, 2007
World Flat Panel Displays market (http://www. strategyR. com/MCP-1069.asp) is all set to exhibit a sizzling growth over the 2001-2010 analysis period and register sales in excess of US$114.4 billion by 2010. Japan and Asia-Pacific corner the largest share of the global FPDs market, with a combined share estimated at over 75% in 2006. Asia-Pacific is also forecast to emerge as the fastest growing FPD market with a CAGR of 23.51% over 2001-2010.
In terms of product segments, Plasma Display Panels (PDPs) market (http://www. strategyR. com/MCP-1069.asp) is projected to be the major growth driver with a CAGR of 38.47% over 2001-2010. Other product segments independently analyzed include Liquid Crystal Displays (LCDs) market (Active Matrix LCDs, Passive Matrix LCDs, & Segmented LCDs) market (http://www. strategyR. com/MCP-1069.asp), Electroluminescent (EL) Displays market (http://www. strategyR. com/MCP-1069.asp), Organic Light Emitting Diodes (OLEDs) market (http://www. strategyR. com/MCP-1069.asp), Light Emitting Diode (LED) Displays market (http://www. strategyR. com/MCP-1069.asp), Vacuum Fluorescent Displays (VFDs) market (http://www. strategyR. com/MCP-1069.asp), Field Emission Displays (FEDs) market (http://www. strategyR. com/MCP-1069.asp) and Other Flat panel Displays market (http://www. strategyR. com/MCP-1069.asp).
The future looks bright for the flat panel displays market, particularly with an improving economy, which is likely to reach healthy proportions in the near future. Demand for various flat display types is to remain bullish in the years ahead. The demand for displays would come from their integration in different end-use applications including home entertainment systems and mobile phones. Analyzing the market for select flat panel display technologies would provide an outline about the future of this industry.
Prices of LCDs and PDPs are sliding - thanks to the huge investments made in fabrication capacities and advanced technologies - bringing in an increased demand for FPDs, besides increase in sales revenue by volume. In addition, new application areas for FPD technologies in domains beyond computer and mobile phone applications and sophisticated technologies that put FPDs on par with traditionally favored CRTs on pricing and operational parameters will continue to be market drivers in the years ahead.
Market for LCDs is expanding at an astonishing rate, thanks to their market acceptance as a display type that offers better display features, apart from being economical than other flat panel displays, available. LCDs are being increasingly used in notebook computers, desktop computers, cellular phones, portable digital assistants and flat panel televisions with broadband compatibility. Leading electronics players including Samsung, Sharp and LG are channeling substantial resources into the production of these thin-paneled, lightweight displays, to suffice the continuously up surging market demand. However, suppliers need to prevent the fluctuation in LCD prices that causes problems to end-users in fixing the prices to their products. LCDs market would face stiff competition from competitive flat panel displays such as organic light emitting diode (OLED) and Field Emission Display (FED). Nevertheless, the increasing demand from major end-use industries would enable the LCD market to sail smoothly in the coming years, amidst ever-increasing competition.
Recently, small size LCDs have been in short of supply in major FPDs markets across the globe, owing to an unprecedented demand for small-size panels in color cellular phones apart from shortened supply of the large panels. However, FPDs markets worldwide tend to be flooded with surplus volumes with the commissioning of latest generation LCD fabrication facilities worldwide, unless the demand exceeds current levels, to match the magnitude of capacity introduced by these new plants. Large panel LCDs for desktop and notebook computers are trading at significantly low prices and prices are likely to fall further. Prices of large-area Thin-film-transistor LCDs (TFT-LCDs) dropped by significant amounts and expected to continue dropping, until demand recovers sharply. While the demand for short panels is being driven upward, large panel displays are heading downward, due to shortage of supply. Another problem surfaced was the delayed delivery due to the closure of ports on the west coast of the United States. Many Taiwanese and other global players stepped down the production and capacity build up during recent times due to sluggish demand. However, the flat panel displays segment intended for monitors is experiencing a steady demand irrespective of the fluctuations occurring in the other flat panel markets. Small panels are trading at relatively constant prices when compared to aggressively declining large panel LCD prices. The demand for color passive-matrix LCDs for cellular phones skyrocketed dislodging monochrome LCDs from the global mobile phone markets. Accordingly, prices for these high-quality displays remained stable and in some areas rose slightly. The short-term supply deficit is introduced by prolonged lead times and capacity limitations of the firms. This condition is set to improve provided older-plants switch their lines of production from large to small displays.
In recent times, several electronic majors announced plans to establish latest generation fabrication capacities and many more are being added to the global capacities to harness the up surging displays market worldwide. Apart from an increased expenditure on TFT-LCDs, companies are likely to enlarge their capital outlay towards increasing production capacities. Scaled up production volume is the key determinant of large panel market growth in the long run.
Major competitors covered include AU Optronics Corp., BOE-HYDIS Technology Co., Ltd., Clover Display Limited, Chi Mei Optoelectronics Corporation, Chunghwa Picture Tubes Ltd., Densitron Technologies PLC, Emerging Display Technologies Corp., Fujitsu, Hantronix, Inc., HannStar Display Corp., Hitachi Displays, Jaco Displays Solutions, Kopin, Corp., LG Philips LCD, Microtips Technology, Inc., NEC-LCD Technologies, Okaya Electric Industries Co., Ltd., Optrex, Powertip Tech. Corp., Samsung Electronics Co. Ltd., Sharp Corporation, Sony Corporation, Toshiba Matsushita Display Technology Co., Ltd, Universal Display Corporation and Viewsonic Corporation.
For more details about this research report, please visit www. strategyR. com/MCP-1069.asp (http://www. strategyR. com/MCP-1069.asp).
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www. strategyr. com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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