Flat panel display industry expected to grow 5% in 2010

Posted on Wednesday, Oct 21 2009 @ 03:19 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.
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."

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments

Use Disqus to post new comments, the old comments are listed below.

Re: Flat panel display industry expected to grow 5% in 2010
by Anonymous on Wednesday, Oct 21 2009 @ 05:47 CEST
The price erosion is because they are the same panels in 2009 as they were in 2007. New technology (that isn't all that expensive) like white LED's, higher color depths with Displayport abilities, and 120hz are all painfully slow to come to market. Yet all these technologies have been brought to Televisions, so it's not hard to guess they exist and are able to be used.

The panel industry got lazy and spent a few years reaping profits and failiing to update their technology. That is costing them now.

The solutions are above and they are straightforward. Time to get to work and make the marketplace "interested" in new and much better displays.

It's not rocket science, just a bit of hard work to make some money.