LCD TV panel shipments jumped 32 per cent over the last quarter and 65 per cent year-on-year, according to new data from DisplaySearch. It says the LCD market is now worth 7.2 billion dollars annually.
Sales figures reveal that large screen LCD panels are now making a big dent in what was once plasma territory, with 40-inch LCD sales doubling those of comparable plasma models. In Q2 this year, LCD technology had 68 per cent of the market. Plasma vendors have been slow to bring 1080p panels to larger screen sizes, handing a clear marketing advantage to LCD.
Currently the biggest maker of LCD panels is LG.Philips. AUO takes second spot, followed by Samsung. DisplaySearch says that plasma shipments are down 4 per cent year on year, however 50-inch screen shipments are rising. The biggest driver for these large screen models is the introduction of 1080p glass.
In terms of volume, the biggest supplier of plasma remains Matsushita (Panasonic), followed by Samsung SDI and LG.
In related news, market analyst iSuppli is predicting a slowdown in electronic gadget sales, after what has been a period of exceptional growth. The firm believes the market will grow only by 6.4 per cent in 2008 and 4.8 per cent thereafter.