Global flat-panel display revenues may register a compound annual growth rate (CAGR) of just 1 percent in the 2008-2016 period, market researcher DisplaySearch said yesterday.
DisplaySearch said that organic light-emitting diode (OLED) televisions and electronic readers would have the industry’s highest growth.
This year, revenues of flat-panel displays may decline 20 percent from last year as a result of the economic slump cutting into demand in developed countries, DisplaySearch said in a report.
Next year, flat-panel display revenues may rebound by 13 percent year-on-year, DisplaySearch said.
“Despite the overall flat outlook for flat-panel displays, there are some bright spots in the long term,” DisplaySearch vice president of strategic analysis David Barnes said in the report.
“Hot applications such as OLED TV, e-books, mini-note PCs [netbooks], digital picture frames and public displays are all driving demand. We expect electrophoretic and OLED technologies will experience more growth than other display technologies will over the long term,” he said.
Revenues from OLEDs used in TVs may increase at a CAGR of 140 percent to US$2.37 billion by 2016, while demand for e-book readers is expected to lift revenues from electrophoretic and similar display technologies at a 49 percent CAGR to US$1.68 billion over the same period, DisplaySearch said.