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World Flat Panel Display MarketsProduct Type: Market Research ReportPublished by: Frost & Sullivan Published: July 2003 Product Code: R1-2419 Description Increasing End User Applications Lead to Significant Market Growth Technological advancements are improving production yields and reducing the manufacturing costs of flat panel displays (FPD), increasing their use in many end user applications. If the proliferation of cellular phones, personal digital assistants (PDAs), camcorders, game consoles, and digital cameras across the world is any indication, the demand for FPDs is likely to increase. End users will immensely benefit by incorporating FPDs as they are thinner and lighter, and offer substantial reduction in power consumption, high definition images, and rapid video response speed. This Frost & Sullivan research segments the world FPD markets into liquid crystal display (LCD), which is further divided into active matrix LCD (AMLCD) and passive matrix LCD (PMLCD); plasma display panel (PDP); organic light emitting diode (OLED) display; and other types of displays. The study presents an insight into the emerging end user industries and geographic regions. A detailed discussion on prevailing market challenges and strategic recommendations to overcome them are also provided. Market Clout of AMLCDs to Continue The increasing demand for thin, high resolution colored displays in desktop monitors, notebook computers, next-generation wireless mobile handsets, and high definition televisions (HDTV) as well as increasing electronic content in automotives are expected to boost the demand for FPDs. "End users demand low-cost FPDs with high performance capabilities, providing lucrative market opportunities for both existing as well as new market participants," says the analyst. "Low-priced products that provide high resolution, color gamut, and contrast along with a wider viewing angle are likely to witness high market growth." The amorphous silicon thin-film transistor (A-Si TFT) LCD technology, an AMLCD, was dominating the market with more than 70 percent of the total revenues in 2002. Recent reductions in prices along with improvements in resolution and brightness continue to drive the growth of AMLCDs, despite their limitations in viewing angle and slow response time. OLED displays, a superior FPD than AMLCD, are experiencing slow growth due to the high costs involved in their mass production. Focus on New Verticals and Strategic Partnerships - The Key for Future Growth FPD manufacturers are slashing prices to sustain market share as sluggish economic conditions, fluctuating exchange rates, entry of new market participants, and inexpensive cathode ray tube (CRT) displays pose strong challenges. The analyst says, "Price reduction is a double-edged sword as it increases market penetration while reducing profit margins. As competition intensifies, existing suppliers are seeking growth opportunities in emerging non-PC end-user verticals such as automotive, medical, aerospace, and defense to increase their revenues". The demand for FPDs is expected to be strong as they replace low-priced CRT displays in many applications. This will ensure adequate venture capital funding and enhance growth prospects. Establishing strategic partnerships with FPD manufacturers in emerging markets such as China, South Korea, Japan, and Taiwan along with the ability to develop innovative, low-priced products and strong relationships with customers will be critical for future market growth. Table of Contents 1 | EXECUTIVE SUMMARY Overview Major Research Findings 2 | TOTAL FLAT PANEL DISPLAY (FPD) MARKET Overview Forecasts and Trends Competitive Analysis Market Share Ranking in End User Application Markets Other Forecasts and Trends Frost & Sullivan Awards Decision Support Database (DSD) Tables 3 | LIQUID CRYSTAL DISPLAY (LCD) MARKET Overview Forecasts and Trends Competitive Analysis 4 | PLASMA DISPLAY PANEL (PDP) MARKET Overview Forecasts and Trends Competitive Analysis 5 | ORGANIC LIGHT EMITTING DIODE (OLED) MARKET Overview Forecasts and Trends Competitive Analysis 6 | OTHER MARKETS Market Overview and Revenue Forecasts Competitive Analysis |
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