The large-sized LCD panel market is set to reach a milestone in 2008 with shipments reaching the 100-million-unit threshold for the first time, according to market researcher iSuppli.
Global LCD TV panel shipments are expected to reach 181.1 million units by 2011, rising at a compound annual growth rate (CAGR) of 27.7 percent, up from 53.2 million units in 2006, it said.
Large-sized LCD unit shipments in 2007 will amount to 80.5 million units before hitting the milestone of 102.5 million units in 2008. In terms of revenue, LCD TV panels will grow to $52.9 billion by 2011, increasing at a CAGR of 19 percent from $22.2 billion in 2006, iSuppli said.
The research firm also has found that the large LCD panel market is following a seasonal pattern similar to that seen by TV manufacturers. Previously, the large-sized LCD panel market once danced to its own tune, unaffected by seasonal factors that impacted other segments of the consumer-electronics market, it said. However, rising demand and the increasing dominance of LCD TVs have contributed to creating a more seasonally sensitive market for the panels.
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