The Asia-Pacific FPD market was worth $67.40 billion in 2006. This market is likely to continue growing at a CAGR of 8.9% in the short to medium term.
LCD is the most dominant technology in the display industry, with almost 87% of the display market. Due to the current oversupply of LCD monitors, ASPs have fallen substantially. Prices are expected to continue this downward trend in 2008, mainly due to increased investments to increase factory efficiency and manufacturing capacity.
Key LCD suppliers are mainly from Japan, South Korea, and Taiwan, where there’s significant TFT-LCD clusters. All the major participants have their own fabs and are continuously investing in next generation fabs.
In line with consumer’s increased preference for flat technology for displays and dropping LCD prices, LCD shipments are expected to surpass that of CRT TVs by late 2008.
