Taiwan’s LCD panel makers are expected to grow their revenues by 4.8 percent annually this year to about NT$1.09 trillion (US$36 billion) as rising demand from developing countries offsets slowing purchases of flat-screen television sets in Europe and the US, market researcher Photonics Industry and Technology Development Association (PIDA) said yesterday.
Local LCD panel manufacturers suffered an 8.77 percent annual decline in revenues last year to NT$1.04 trillion, as the European debt crisis and a weak US economy froze private consumption, compared with NT$1.14 trillion in 2010, according to the Taipei-based PIDA.
“The visibility is very short. We do not see any signs for a reverse to prolonged weakness as of the second quarter,” PIDA’s flat-panel industry analyst Delux Chen (陳逸民) said.
“Now, we can only count on TV demand from emerging markets, such as populous Brazil and Indonesia, as well as Latin American countries. Most families in those regions are expected to replace their traditional CRT [cathode ray tube] TVs with LCD TVs,” Chen said.
Worldwide shipments of LCD TVs are expected to grow 9 percent to 225 million units this year from 206 million last year, according to Austin, Texas-based market researcher DisplaySearch’s latest projection released yesterday.
Emerging regions, which include China, the Asia-Pacific region, Latin America, Eastern Europe, and the Middle East and Africa, would grow 11 percent annually over the next four years, while developed regions would decline 1 percent each year, DisplaySearch said.
The association said new OLED technology could be the driver for a new wave of growth for the LCD industry. However, Taiwanese companies still lagged behind their South Korean competitors in developing the advanced technology, PIDA said, adding that South Korean firms owned about a 90 percent share of the US$10 billion market last year.
AU Optronics Corp (友達光電) has postponed mass production on a 4.5G OLED production line in Singapore to the second half of this year from last year.
LG Electronics Co announced on Tuesday that it plans to showcase its first 55 inch TVs with OLED displays from LG Display Co during the annual Consumer Electronics Show, which is scheduled to run from Tuesday through Friday next week in Las Vegas.
The first OLED TVs are expected to launch in the second half of this year with a price tag of at least US$4,000 each, according to DisplaySearch.