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Q2 Large Area TFT LCD Shipments Reach Record High of 170M

Wed, 08/11/2010 - 7:21am
General Electric

Q2 Large Area TFT LCD Shipments Reach Record High of 170M

9.7 iPad Panel Shipments were 2.8 million in Q210 and Continue to be in Tight Supply

SANTA CLARA, Calif., August 11, 2010Shipments of large area (9.1 and larger) TFT LCDs climbed to achieve a quarterly record high 170 million units, with 9% Q/Q and 31% Y/Y growth rate. The revenues reached $22.9 billion, which was the second-highest quarter on record. According to the latest Quarterly Large Area TFT LCD Shipment and Forecast Report, panel makers are aiming to continue shipment growth in the second half of the year despite the recent drop in panel prices and supply chain inventory adjustments.

The TFT LCD industry reached new heights in Q210, as with shipments reaching new heights and suppliers producing at full capacity thanks to strong purchasing and inventory preparation by downstream customers, noted David Hsieh , Vice President, Greater China Market, DisplaySearch. Despite this, over-optimism throughout the supply chain in Q2 is causing adjustments in Q3 as panel prices have fallen amid cuts in panel orders and unclear demand forecasts.

All TFT LCD applications experienced Q/Q growth in Q2, with the exception of the public display panels. Growth in LCD monitor panel shipments, which started to slide in June, was the smallest among the three major TFT LCD applications. Shipment of panels for notebook PCs, including mini-notes and slate type PCs, was the strongest, with 15% Q/Q growth. Meanwhile, panels for LCD TVs, including <26 LCD monitor panels used for TVs, reached 55 million unitsa new record.

Table 1: Large-Area TFT LCD Shipments by Original Specification and Application (Millions

Original

Specification*

Application

Q110

Shipments

Q210

Shipments

Q/Q

Growth

Y/Y

Growth

LCD Monitor

LCD Monitor

49.5

50.9

3%

8%

LCD Monitor

LCD TV

4.1

4.1

-1%

-1% 

Notebook PC

42.5

49

15%

48%

Mini-Note PC/Slate**

10.4

12

15%

51%

LCD TV

46.7

50.9

9%

47%

Public Display

0.5

0.4

-14%

82%

Others

2.5

2.9

15%

24%

Total

156.3

170.2

9%

31%

Source: DisplaySearch Quarterly Large-Area TFT LCD Shipment Report

* Original specification indicates the panel specification at the time of shipment. Some panels specified for LCD monitors are used for LCD TVs.

** Includes 9.1 and larger panels

In Q210, Samsung Electronics led in large-area TFT LCD panel shipments on a revenue basis, with sales of $6 billion, capturing a 26.3% revenue share. LG Display ranked second, with $5.4 billion in revenues, or 23.4%. AUO was third at $3.7 billion with a 16.2% share, with Chimei Innolux closely following with a 15.8% share at $3.6B.

LG Display took first place on a shipment basis in Q210, while Samsung shipped the most by area. On a unit basis, Korea was the largest supplier of large-area TFT LCD panels in Q210 with a 46.5% share, compared to 47.2% in Q110. Taiwans share slightly fell from 42.7% in Q110 to 42.5% in Q210. Chinas share increase from 4% in Q110 to 5% in Q210. Table 2 shows the Q210 shipment ranking of large-area TFT LCD panels by application.

Table 2: Top Three Unit Suppliers for Each Application in Q210

Rank

Notebook

PC

Mini-Note/Slate*

LCD

Monitor**

LCD TV**

Public

Display

Others

Total

1

LG Display

LG Display

LG Display

Chimei Innolux

Samsung

Sharp

LG Display

2

Samsung

HannStar

Chimei Innolux

Samsung

AUO

AUO

Samsung

3

AUO

AUO

Samsung

LG Display

LG Display

LG Display

Chimei Innolux

Source: DisplaySearch Quarterly Large-Area TFT LCD Shipment Report

*Mini-Note/Slate includes 9.1 and larger panels

**<26 LCD monitor panels used for LCD TV are included in LCD TV, not LCD Monitor

Looking forward, panel makers are targeting continuous shipment growth in Q310 as a result of falling panel prices. This will encourage downstream customers to purchase more panels once they adjust inventories. Meanwhile, most brands will increase their panel purchases and production in the coming months to prepare for seasonal sell-through demand in Q4. Panel makers are targeting 8% Q/Q shipment growth in Q310; this means panel makers are expecting to ship a large amount of panels in September, as July and August shipments are expected to decline.

Other key trends are described in detail in the Q310 Quarterly Large Area TFT LCD Shipment and Forecast Report, including the following:

  • 2.8 million 9.7 panels were shipped for the iPad in Q210; these panels continue to be in tight supply. Samsung and LG Display are the main suppliers, and jointly plan to ship 15 million panels this year. However, excluding 9.7 slate type PC panels, mini-note PC panel shipments declined from Q1 to Q3 and are expected to continue to fall in 2H10. 
  •   In terms of area, Q210 shipments were a record 27 million square meters, 8% Q/Q growth.
  • Excluding <26 LCD monitor panels used in LCD TVs, Samsung is the leader of LCD TV panel shipments.
  • The average area price in Q210 was $849 per square meter, which increased slightly from $836 in Q110. However, due to panel price drops, it is expected to fall below $800 in Q310.
  • The average diagonal size was 21.9 in Q210, compared to 22.0 in Q110.
  • LCD TV accounted for 64% of shipment area, while LCD monitor was 22% and notebook PC/slate was 13%.

Register Now for Upcoming DisplaySearch Conferences

For more information or to register online, visit www.displaysearch.com/events.

Digital Signage ConferenceTuesday, August 17, 2010 (San Jose, California)

TV Ecosystem ConferenceWednesday, August 18, 2010 (San Jose, California)

Emerging Display Technologies ConferenceThursday, August 19, 2010 (San Jose, California)

IFA DisplaySearch Business ConferenceSeptember 3, 2010 (Berlin, Germany)

China FPD ConferenceSeptember 9-10, 2010 (Shanghai, China)

For more information about these conferences and sponsorship opportunities, please contact Laura Castellano at 1.408.226.1101 or laura.castellano@displaysearch.com. Media interested in attending the conferences should contact Stacey Voorhees-Harmon at 1.925.336.9592 or stacey@savvypublicrelations.net.

About DisplaySearch

Since 1996, DisplaySearch has been recognized as a leading global market research and consulting firm specializing in the $770 billion display supply chain, as well as the emerging photovoltaic/solar cell industries. DisplaySearch provides trend information, forecasts and analyses developed by a global team of experienced analysts with extensive industry knowledge and resources. In collaboration with the NPD Group, its parent company, DisplaySearch uniquely offers a true end-to-end view of the display supply chain from materials and components to shipments of electronic devices with displays to sales of major consumer and commercial channels. For more information on DisplaySearch analysts, reports and industry events, visit us at http://www.displaysearch.com/. Read our blog at http://www.displaysearchblog.com/ and follow us on Twitter at @DisplaySearch.

About The NPD Group, Inc.

The NPD Group is the leading provider of reliable and comprehensive consumer and retail information for a wide range of industries. Today, more than 1,800 manufacturers, retailers, and service companies rely on NPD to help them drive critical business decisions at the global, national, and local market levels. NPD helps our clients to identify new business opportunities and guide product development, marketing, sales, merchandising, and other functions. Information is available for the following industry sectors: automotive, beauty, commercial technology, consumer technology, entertainment, fashion, food and beverage, foodservice, home, office supplies, software, sports, toys, and wireless. For more information, contact us or visit http://www.npd.com/ and http://www.npdgroupblog.com/. Follow us on Twitter at @npdtech and @npdgroup.

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