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DisplaySearch: the LCD market state in Q3 2002

DisplaySearch, specializing in the LCD market researches, posted some excerpts from its report about the market state after Q3. So, the shipments of over 10" TFT LCD panels reduced by 8% comparing to the previous quarter, but grew by 40% comparing to the past year. The total shipments of over 10" TFT LCD panels made about 16 million.

Though exceeding the shipments of 2001, the reduction has been the deepest for the last three years. Analysts believe it can be related with not so active logistics and OEM overstocking in Q2.

Comparing to Q3 notebook LCD shipments grew by 8%, LCD monitor shipments – by 10%, but the demand reduced by 3% in each segment, resulting in the reduction of LCD display and notebook panel sales volumes for OEM makers. Over the half of shipped LCD panels (8.7 million) were used to produce LCD monitors, 1/3 (6.8 million) – to produce notebooks, the rest – to produce LCD TVs and industry components, which shipments grew by 27% and 14%, respectively.

The company has paid attention to pricing as well. According to the forecast, prices for over 10" LCD displays will reduce by 19% next year, for notebook panels – by 24%, for LCD monitors – by 18%, for industry modules — 7%, for LCD TVs – by 3%. This is related to the increasing production volumes and the makers’ striving for fab yield maximization. Finally, here’s the table of main market player shares.

Main LCD panel suppliers
Supplier Share in Q2 2002 Share in Q3 2002 Q3/Q2 growth Y/Y growth
Samsung 16.9% 17.2% -6% 15%
LG.Philips LCD 15.1% 16.6% 1% 27%
AUO 12.1% 11.1% -15% 62%
CMO/IDTech 9.5% 10.4% 1% 67%
Sharp 8.8% 9.6% 1% 97%
CPT 7.3% 6.9% -13% 97%
HannStar 6.1% 5.6% -15% 49%
Hitachi 5.6% 4.6% -25% -11%
Quanta 3.8% 4.1% -2% 1,000%
TMDisplay 3.8% 4.0% -3% 19%
Other 11.0% 10.1% -15% 10%
Total 100.0% 100.0% -8% 40%

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