Jul 24 2009
June 2009 shipments of large-area TFT LCD panels reached 46.7 million units, up 8% M/M and 24% Y/Y, according to the most recent DisplaySearch Monthly TFT LCD Shipment Database. This sets a new record for the highest monthly large-area TFT LCD shipments.
On a unit basis, LG Display was the leader with 24.5% market share, followed by Samsung with 24.1% and AUO with 16.6%. Large-area TFT LCD revenues reached $5.3 billion, up 14% M/M, but 17% lower than June 2008.
In terms of shipment volume, June's shipment results indicate a continuation of the large-area TFT LCD industry's recovery. DisplaySearch forecasts that shipments will increase again in July, but at a slower rate because the glass substrate shortage is limiting panel makers' production. The panel supply situation will continue to tighten in July and August, which will result in higher revenues.
All three major applications--notebook PC, monitor and TV--showed M/M growth. DisplaySearch's research found that LCD TV panels had the highest Y/Y growth at 57%, followed by notebook panels at 19%, and monitor panels at 12% (Table 1). Also noteworthy, notebook PC and LCD TV panel shipments both reached monthly record highs, with 14.7 and 13.1 million units, respectively. The 18.0 million LCD monitor panels shipped is the most since May 2008.
In terms of area, large-area TFT LCD shipments reached 7.1 million square meters in June, up 7% M/M and 32% Y/Y, the largest amount yet. The growth in shipment area was mainly driven by TV panels. Samsung led in area shipments with a 27.2% market share, followed by LG Display at 24.9%, CMO at 16.5%, and AUO with 15.6%.
In addition to large-area TFT LCDs, the Monthly TFT LCD Shipment Database also tracks 5.0" to 11.6" mini-note (netbook) panel shipments. Mini-note panel shipments were 3.5 million in June, also an all-time high. HannStar took back the lead from AUO with 956 thousand units, passing AUO's 920 thousand. HannStar started shipping 11.0" mini-note panels.
The Premium Version of the Monthly TFT LCD Shipment Database includes shipment data by suppliers for each application and screen size. Penetration of 16:9 aspect ratio panels in LCD monitors reached 49% in June, a big leap from 42% in May. The penetration of 16:9 in notebook PCs reached 41%, also a big leap from 36% in May.
According to David Hsieh, Vice President of DisplaySearch, "June results broke many monthly records, such as total large-area shipments, notebook PC and LCD TV panel shipments, shipment area, and mini-note shipments. This is representative of the strong recovery in end-market demand, which is not limited to TV, but also includes notebook PCs and desktop monitors."
Hsieh added, "We expect the limited supply of glass substrates will limit the shipment growth in July, and given end-market demand, we expect that shortage conditions will continue. However, this will encourage OEMs and brands to aggressively build inventories for the holiday season. As panel customers build inventories in Q3'09 after shortages in July and August, we believe it will be very important to scrutiny the supply chain inventory in September."
For information on the DisplaySearch Monthly TFT LCD Shipment Database, contact Charles Camaroto at 1.888.436.7673 or 1.516.625.2452, or contact your regional DisplaySearch office in China, Japan, Korea or Taiwan.
Register now for DisplaySearch's Fall Conference Series, taking place September 1-3 in San Jose, California. DisplaySearch will host three, one-day conferences covering the display industry's hottest market segments:
- Digital Signage Conference: Flat Panel Displays Go Out-of-Home, Tuesday, September 1, 2009
- TV Ecosystem Conference: TV After the Digital Transition--Finding the Next Big Thing, Wednesday, September 2, 2009
- Emerging Display Technologies Conference: Innovation for the Next Wave of Growth, Thursday, September 3, 2009