LCD displays to account for more than 80% in 2006

A couple of years ago LCD display were still quite rare and now they are taking over the market. According to a new report from a display market research firm, LCD displays are expected to account for more than 80 percent of the market during this year.

Of the worldwide shipments of monitors, LCD monitors are expected to account for more than 80%. Displaybank (CEO Peter Kwon), a display market research firm, has recently predicted in its global monitor market forecast report for 2006 that monitor shipments will hit 155 million units in 2006, with LCD monitor shipments likely to reach 125 million units for a 80.4% share. This indicates that the LCD monitor market is growing at a rapid pace, with the ratio of LCD to CRT shifting from 50:50 in 2004 to 70.3:29.7 in 2005 and to 80.4:19.6 in 2006.

The most popular size is 17-inch with an expected 61% market share this year, followed by 19-inch LCD displays at 28%. More details at Display Bank.