The major reason for the decline is erosion in large-size TFT-LCD panel prices compared to 2008, despite the fact that the TFT-LCD market started to recover in the second quarter of 2009. Despite the gloomy forecast results for 2009, the market is expected to recover in 2010 with a 5% compound annual growth rate (CAGR) and revenues of US$93.3 billion.
According to David Hsieh, VP of DisplaySearch, "2009 represents a drastic change for the whole FPD industry. The industry faced many critical challenges in the end of 2008 due to the global economic recession and the resulting drop in demand. However, as the market demand began to recover in early 2009 and the global economic situation is expected to continue to improve, we believe that the worst time for the industry has passed and the FPD market will experience growth after 2009."
Flat panel display industry expected to grow 5% in 2010
Posted on Wednesday, October 21 2009 @ 3:19 CEST by Thomas De Maesschalck
Research firm DisplaySearch believes that while global flat panel display revenue will be down 15 percent this year to $87.6 billion, the market is expected to recover 5 percent to $93.3 billion in 2010.