Global Flat Panel Displays to Exceed $84B Revenue and 3.6B Panels in 2006
Flat panel display (FPD) revenues for all
applications and technology are expected to rise 13% in 2006 to $84B, according
to DisplaySearch's Q3’06 issue of its
Quarterly Worldwide FPD Forecast Report. On a unit
basis, FPDs are expected to rise 12% to 3.6 billion panels which will deliver
42.8 million square meters of viewable area, enough to cover 5,711 soccer fields.
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Flat Panel Display Revenues, Share and Growth by Technology |
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| Technology | 1H'06 Sales ($Billions) | 1H'06 Share | 2006 Est. ($ Billions) | Y/Y Growth |
| LCD | $35.1 | 87.9% | $73.5 | 14% |
| Plasma | $3.7 | 9.2% | $8.4 | 39% |
| Other | $1.2 | 2.9% | $2.5 | -1% |
| Total FPD | $40.0 | 100.0% | $84.3 | 13% |
| Source: DisplaySearch (October 2006) | ||||
Within flat panel TV revenues, LCD TV panels are expected to rise from a 66% share in 2005 to a 71% share in 2006 on 73% growth to $21.1B with plasma TV panels falling from 31% to a 27% share despite 39% growth in 2006 to $7.9B. Microdisplay imagers are expected to remain flat at $610M.
The most recent quarterly results show worldwide shipments of flat-panel displays (FPD) increased 14% Y/Y and 1% Q/Q to 869.6 million units in Q2’06. Flat-panel display area was up 72% Q/Q and 52% Y/Y to 9.8M square meters, more than enough to cover 1300 soccer fields. This generated revenues of $16.6B in Q2’06, flat Y/Y buy 10% up Q/Q as the average price per square meter declined 23% Y/Y and 12% Q/Q.
The report reveals trends in FPD and CRT shipments, sales and shares by technology and application. Some of the highlights of the report include the following:
- LCD module shipments increased 21% Y/Y and 3% Q/Q to 608M units in Q2’06. LCDs accounted for 70% of all FPD unit shipments and 87% of revenues.
- Plasma display panel (PDP) shipments increased 3% Q/Q and 73% Y/Y to 2.4M units in Q2’06. PDP module revenues rose 52% Y/Y, but were down 1% Q/Q to $1.84B.
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1H'06 and Estimated 2006 FPD Revenues, Share and Growth by Application |
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| Application | 1H'06 Sales ($US Billions) | 1H'06 Market Share | 2006 Sales Est. ($US Billions) | Y/Y Growth |
| LCD TV | $10.1 | 25.5% | $21.0 | 73% |
| Desktop Monitor | $9.0 | 22.6% | $19.2 | -9% |
| Mobile Telephone | $5.9 | 14.8% | $12.5 | -1% |
| Notebook PC | $4.6 | 11.4% | $9.1 | -2% |
| Plasma TV | $3.4 | 8.5% | $7.9 | 39% |
| Other | $6.9 | 17.2% | $14.6 | 4% |
| Total | $40.0 | 100.0% | $84.3 | 13% |
| Source: DisplaySearch (October 2006) | ||||
DisplaySearch’s Quarterly Worldwide FPD Forecast Report provides actual shipment results for over 400 individual panels covering 20 display technologies and 39 different display applications while also providing forecasts on a rolling 16-quarter basis.
