February LCD Shipments Signal First Month-on-Month Growth in Six Months
February shipments of large-area TFT LCD panels reached 29.5 million units, showing strong month-over-month growth of 23 percent, according to the DisplaySearch Monthly TFT LCD Shipment Database.
Large-area TFT LCD revenues reached $2.96 billion, up 14 percent month-over-month. For both unit shipments and revenues February was the first positive monthly growth since September 2008. February’s results were mainly due to increasing rush orders, as well as inventory refill from clients, but they could also be an indication that the TFT LCD industry is at, or near, the bottom of the cycle, according to DisplaySearch.
DisplaySearch found that LCD monitor panels had the highest month-over-month growth at 37 percent, followed by notebook PC at 21 percent and TV at 11 percent. However, shipments are still lower than in February last year, and the year-over-year decline is in the double digits. Table 1 shows monthly shipments by application.
In terms of revenues, Samsung was the leader in large-area TFT LCD, with 30.2 percent market share, followed by LG Display at 26.8 percent. On a shipment basis, Samsung also led with 26.7 percent market share, followed closely by LG Display at 26.4 percent. Both shares are the highest level for the leading suppliers in four years.