SAN FRANCISCO — Third quarter plasma panel shipments increased 17 percent sequentially and 47 percent year-to-year, reaching a record 2.8 million units, according to market research firm DisplaySearch Inc., which noted that growth was slower than previous quarters.
Plasma panel revenues also topped $2 billion for the first time in the third quarter, reaching $2.02 billion, up 10 percent sequentially and 29 percent year-to-year, DisplaySearch (Austin, Texas) said.
The average selling price of a plasma panel dipped to $724, down 6 percent sequentially and 12 percent year-to-year, the firm said.
DisplaySearch noted that third quarter plasma panel growth was slower than any of the past 12 quarters, which had ranged from 73 to 170 percent year-to-year. Plasma panel suppliers are expecting even slower growth in the fourth quarter, DisplaySearch said, forecasting 3.2 million units, which would be up 20 percent year-to-year.
Assuming plasma panel suppliers hit their fourth quarter targets, 2006 panel shipments will rise 49 percent in 2006 to 10.7 million units, less than half the growth of previous years, the firm said.
DisplaySearch attributed the slowing growth to closer capacity growth, migration to large panel sizes, tighter supply and increased competition from LCD TVs.
LG Electronics Inc.'s plasma panel unit shipments increased 27 percent sequentially in the third quarter, enabling it to overtake Matsushita Electric Industrial Co. Ltd. for the lead in units, DisplaySearch said. LG was the only supplier to gain market share and assumed the No. 1 position for the second time in three quarters, DisplaySearch said.