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Global FPD revenues drop to Rs.427,623.08 crore

Posted: 22 Oct 2009     Print Version  Bookmark and Share

Keywords:flat-panel display  FPD  LCD 

Global flat-panel display (FPD) revenues for 2009 will be Rs.427,623.08 crore, down 15 per cent y-on-y from 2008, according to the latest Quarterly Worldwide FPD Forecast Report of DisplaySearch. The decline comes mostly from the erosion in large-area TFT LCD panel prices compared to 2008, despite the fact that the TFT LCD market started to recover in Q2 09. Despite the gloomy forecasted results for 2009, the market is expected to recover in 2010 with a 5 per cent CAGR and revenues of Rs.455,447.87 crore ($93.3 billion).

According to David Hsieh, vice president 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."

Amorphous silicon TFT LCD continues to be the largest segment in all FPD technologies. However, AMOLED shows the strongest compound annual growth rate, 179 per cent from 2008 to 2012, as suppliers solve technical and financial problems.

There are currently eight drivers for FPD growth in the next ten years: new applications and markets, new entrants and processes, new concepts and specifications, as well as new business and practices. Many of these are inspired by the downturn in the FPD industry in late 2008 and early 2009, which stimulated the FPD industry to find different strategies, markets and solutions.

Worldwide flat-panel display forecast (Revenue)

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