May results are encouraging for panel makers, as they reflect a healthy recovery in demand.
Austin, TX (Vocus) June 25, 2009
May 2009 shipments of large-area TFT LCD panels 43.3 million units, up 8%M/M and 6%Y/Y, according to the most recent DisplaySearch Monthly TFT LCD Shipment Database. The 43.3 million units also represent the highest on record for the past 12 months.
On a unit basis, LG Display was the leader with 25.2% market share, followed by Samsung with 24.6%, and AUO with 17.9%. Large area TFT LCD revenues reached $4.7 billion, showing 15% M/M growth, but 35% lower than May 2008, an indication of how far prices declined in Q4'08 and Q1'09.
In terms of shipment volume, May's shipment results indicate a continuation of the large-area TFT LCD industry's recovery. DisplaySearch forecasts that shipments will increase again in June, and that the panel supply situation will continue to tighten in June and July, which will result in higher revenues.
All three major applications--notebook PC, monitor and TV--showed M/M growth. DisplaySearch's research found that LCD TV panels had the highest M/M growth at 14%, followed by notebook panels at 7%, and monitor panels at 5% (Table 1). The Premium Version of the Monthly TFT LCD Shipment Database includes shipment data by suppliers for each application and screen size.
Large-area TFT LCD shipments reached 6.6 million square meters in May, up 10% M/M and 12% Y/Y, and the highest level in more than a year. The growth in shipment area was mainly driven by TV panels. Samsung led in area shipments with a 27.5% market share, followed by LG Display at 25.6%, CMO at 16.0%, and AUO with 15.9%.
In addition to large-area TFT LCDs, the Monthly TFT LCD Shipment Database also tracks 5.0" to 11.6" mini-note PC (netbook) panel shipments. Mini-note panel shipments were 3.1 million in May, almost flat from April. AUO led in shipments, passing HannStar, which had been the leader in mini-note panel shipments since January. Several panel makers have entered the mini-note market since May, including Innolux in Taiwan and InfoVision in China. At the same time, panel makers such as CMO, AUO, LG Display and Samsung have started to ship 11.6" panels for mini-note PCs.
According to David Hsieh, Vice President of DisplaySearch, "May results are encouraging for panel makers, as they reflect a healthy recovery in demand." Hsieh added, "Considering the current end-market demand and the limited supply of glass substrates, as well as the low panel inventories, we expect that shortage conditions will continue. In June, both panel shipments and prices continue to increase, and we expect to see additional price increases in July."
DisplaySearch's Premium Version of the Monthly TFT LCD Shipment Database includes shipment data by suppliers for each application and screen size.
For information on the DisplaySearch Monthly TFT LCD Shipment Database, contact Charles Camaroto at 1.888.436.7673 or 1.516.625.2452, e-mail contact(at)displaysearch.com or contact your regional DisplaySearch office in China, Japan, Korea or Taiwan.
Register now for DisplaySearch's Fall Conference Series, taking place September 1-3 in San Jose, California. DisplaySearch will host three, one-day conferences covering the display industry's hottest market segments:
For more information about these conferences and sponsorship opportunities, please contact Laura Castellano at 1.408.226.1101 or laura_castellano(at)displaysearch.com. Media interested in attending the conferences should contact Stacey Voorhees-Harmon at 1.925.336.9592 or stacey(at)savvypublicrelations.net.
About DisplaySearch
DisplaySearch, an NPD Group Company, has a core team of 57 employees, located in Europe, North America and Asia, who produce a valued suite of FPD-related market forecasts, technology assessments, surveys, studies and analyses. Visit the DisplaySearch blog to read about how our top analysts are interpreting up-to-the-minute issues that impact the display industry, and join us in this discussion about technology and the flat panel industry. The company also organizes influential events worldwide. Headquartered in Austin, Texas, DisplaySearch has regional operations in Chicago, Houston, Kyoto, London, San Diego, San Jose, Seoul, Shenzhen, Taipei and Tokyo, and the company is on the web at http://www.displaysearch.com/.
About The NPD Group, Inc.
The NPD Group is the leading provider of reliable and comprehensive consumer and retail information for a wide range of industries. Today, more than 1,700 manufacturers, retailers, and service companies rely on NPD to help them drive critical business decisions at the global, national, and local market levels. NPD helps our clients to identify new business opportunities and guide product development, marketing, sales, merchandising, and other functions. Information is available for the following industry sectors: automotive, beauty, commercial technology, consumer technology, entertainment, fashion, food and beverage, foodservice, home, office supplies, software, sports, toys, and wireless. For more information, contact us or visit http://www.npd.com/ and http://www.npdgroupblog.com/.
Media Contact:
Stacey Voorhees-Harmon
Public Relations
925-336-9592
stacey(at)savvypublicrelations.net
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