Europe and North America are expected to replace Japan in the third quarter as the largest markets for LCD flat panel monitors, while global shipments of FPD monitors are expected to double this year, according to a report issued today by DisplaySearch Inc.
Ross Young, president of the Austin Texas, flat panel market research firm, told EBN that he didn't think LCD monitor sales momentum for the rest of the year would be sidetracked by the aftermath of the Sept. 11 terrorist attack against the United States.
The DisplaySearch report estimated LCD monitor shipments would rise 129% in 2001 to 14 million units over the previous year, taking a 13.5% share of the total desktop PC display market. In the third quarter alone, LCD monitors are projected to generate $2.7 billion in revenue, accounting for 30% of total desktop display sales.
Young said in the last six months flat panel monitor sales rose sharply in Europe, making that region the No.1 market with 33% of LCD monitor consumption. North America jumped from a 20% share in the first quarter to take an estimated 30% share in the third quarter. Both regions now surpass Japan, which is expected to drop from a 44% share in the first quarter to 23% this quarter.
DisplaySearch rated NEC-Mitsubishi as the top global LCD monitor vendor this quarter with an 8.6% share, jumping from third place in the first quarter. Former global leader Fujitsu Ltd. dropped to second place with a 7.2% share. Samsung Electronics Co. Ltd. claimed the third spot with a 7% share.
Legend Group of China was the largest LCD monitor supplier for the Rest-of-World (ROW) category and ranked 13th globally.
The report forecast that FPD monitor unit shipments will increase 60% in 2002 to 22.5 million units.