Robust demand from all the major markets for LCD panels, combined with price increases during every month of the third quarter, will produce strong results for the quarter, according to iSuppli.
Global large-sized LCD panel revenue in the third quarter is expected to increase by more than 17 percent compared to the second quarter and 45 percent compared to the same period in 2006, the market researcher forecasts.
Revenue rose to $16.7 billion in the second quarter, up from $13.4 billion in the first, said Sweta Dash, director, LCD and projection research for iSuppli. According to the analyst, the research firm anticipates large-sized LCD panel revenue for all of 2007 to rise by more than 27 percent to $68.7 billion, up from $53.9 billion in 2006.
The large-sized LCD market is expected to reach 370 million units by the end of 2007. The research firm forecasts 20 percent unit growth for monitor panels, 35 percent growth for notebook panels and 51 percent growth for the TV panel market in 2007 compared to 2006.
The global LCD-TV panel market in 2008 is expected to expand to 102.5 million units, up 27.2 percent from 80.5 million in 2007. This will mark the first time shipments will surpass the 100 million mark, according to iSuppli.
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