Rising demand for LCD televisions and other new applications for the panels in consumer electronics are responsible for the growth of the flat panel display (FPD) markets worldwide, according to a new analysis from Frost and Sullivan.
The analysis, “World Flat Panel Display Markets,” shows the market earned revenues of $65.25 billion in 2005 and estimates the figure to reach $125.32 billion in 2012.
Because of increasing demand for lighter and thinner FPDs and large-screen TV models, the non-PC markets, such as the HDTV, mobile phones and portable electronic devices markets are expanding aggressively.
In 2006, the LCD TV segment alone will garner an annual unit shipment growth rate of 90 percent, according to Frost & Sullivan. The plasma display panel (PDP) segment is also poised for substantial growth in certain categories of the large-screen TV market because of its price advantage over LCD panels, according to the analysis.
For more information, visit: www.frost.com.