LCD monitor market to grow 40% to $24.4 billion by 2007, says report
Semiconductor Business News
(03/14/01 11:36 a.m. PST)
SAN JOSE -- The flat-panel display monitor market continues to sizzle, as the business is expected to grow by 40% over the next six years, according to a new report from Stanford Resources Inc. here today.
Worldwide shipments of flat-panel monitors is projected to grow from 12.2 million units in 2001 to 91.2 million by 2007, according to the San Jose-based market research company. In terms of total revenues, this market will grow from $6.6 billion in 2001 to $24.4 billion by 2007, they said.
"LCD monitors, previously limited to niche applications, are moving into the mainstream in 2001," said Rhoda Alexander, an analyst at Stanford Resources. "With street prices of some 15-inch models dropping below $500 and 17-inch pricing pushing the level of $1,000, CRT monitor vendors are facing serious competition in the next few years," she said.
The worldwide market for traditional CRT-based monitors projected to reach 143.3 million units in 2007, Stanford Resources said. Of that, flat-panel products will account for 38.9% of the total monitor market, a substantial increase from the projected 9.4% share in 2001, they said.
To date, Japan has the highest market penetration for LCD monitors. But North America will surpass Japan as the largest market for LCD monitors in 2001, with sales of 4.3 million units and a 34.9% share of the business, they said.
Japan's NEC-Mitsubishi was the leading manufacturer of LCD monitors in 2000, with a production volume of approximately 1.1 million units, or 8.5% market share. |
