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DisplaySearch: TFT-LCD materials market to be flat in '08

Posted: 25 Feb 2008     Print Version  Bookmark and Share

Keywords:TFT-LCD  display market  notebook PC  liquid crystal 

A new report from DisplaySearch found that TFT-LCD materials and components grew by 20 per cent in 2007 and is expected to show 6 per cent increase this year but warns of a tight supply of some key components.

The market research group estimates the market for TFT-LCD materials reached a record Rs.202,730.73 crore ($51.5 billion) on the back of a 42 per cent growth in a real capacity after Rs.51,174.75 crore ($13 billion) in 2006 equipment spending and strong demand from the LCD TV and notebook PC markets.

Backlights led the way with Rs.59,047.79 crore ($15 billion) in revenues, while liquid crystal enjoyed the fastest growth.

"2007 turned out to be an excellent year for TFT-LCD panel makers, which in turn caused a shortage in glass substrates and colour filters in the second half of 2007," said Tadashi Uno, DisplaySearch director of materials and components research. Uno added materials and components manufacturers also enjoyed high operating ratios in 2007 but despite this, most prices continued to decline in 2007—specially due to the number of new vendors entering the optical film space and fierce price competition.

Uno said the reason for the forecasted 6 per cent growth for this year is because panel manufacturers were investing less in new capacity during 2007.

DisplaySearch also notes of a growing dichotomy in the materials market, with some segments such as glass substrates and liquid crystal enjoying relatively stable pricing and high growth on high barriers to entry while other segments such as backlights and driver ICs are expected to experience flat results on cost pressure, increased price competition and component elimination.

As a result, while the liquid crystal market is expected to increase by 23 per cent in 2008, backlights and driver ICs are expected to be flat.

- Richard Goering
EE Times




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