Worst is over for flat panel display market
After disappointing results in 2009, the flat panel display industry is set to recover in 2010, according to DisplaySearch
The research body’s latest forecast says global flat panel display (FPD) revenues for 2009 will be $87.6 billion (€59.3 billion), down 15 per cent year on year from 2008. The major reason for the decline is erosion in large-area TFT LCD panel prices, despite the first signs of recovery the TFT LCD market saw in the second quarter of 2009. DisplaySearch expects the market to recover in 2010 with a five per cent compound annual growth rate and revenues of $93.3 billion.
David Hsieh, vice president of DisplaySearch, said: “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.”
The largest segment in all FPD technologies is still a-Si. However, AMOLED shows the strongest compound annual growth rate, 179 per cent from 2008 to 2012, as suppliers solve technical and financial problems.