April 20, 2004 9:25 AM PDT

Flat-panel demand to soar, study says

Shipments of liquid crystal display television are expected to surge 10 times over the next five years, hitting 40 million units by 2008, according to a new study.

The iSuppli/Stanford Resources report said the market should see a compound annual growth rate of 55.6 percent from 4.36 million units in 2003.

According to the El Segundo, Calif., research firm, the most spectacular growth would be this year--a jump of 119.7 percent to 9.6 million units.

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"Within four years, the landscape of the LCD panel business will be completely reshaped, making LCD TVs more than a match in terms of price/performance for competing technologies, including plasma and microdisplay-based rear projection," iSuppli researcher Sweta Dash said in a statement.

In the fourth quarter of 2003, global shipments of LCD TV sets were 1.3 million units, an increase of 23 percent over the previous quarter.

In a similar study, research firm In-Stat/MDR predicted that worldwide shipments of digital TV sets, including the ones based on LCD, would soar to 93 million units by 2008, up from a projected 17 million units this year.

 

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