TFT LCD manufacturers are expecting 2012 global shipments of large-area panels for public display applications to break the $1billion mark for the first time.
This represents a revenue increase of 26% although unit shipments are only predicted to grow 3% to 2.6million units, according to data from NPD DisplaySearch.
"The growth in shipments and revenue this year shows that the TFT LCD industry is recovering from price declines and supply chain inventory adjustments, although the recovery looks very modest," said David Hsieh, vice president, Greater China Market for NPD DisplaySearch.
Hsieh added, "Panel makers are quickly adapting to the shifts in demand and developing new technologies, features, and sizes. Chinese LCD makers are rapidly increasing production, and Korean, Japanese, and Taiwanese manufacturers are restructuring and deploying new technologies and processes to improve costs and display performance. It is clear that the TFT LCD industry has not yet reached maturity but is simply entering a new chapter."