Electronic Display Market Will Reach $141 Billion By 2010
Cathode ray tubing has been a standard of display technology for many years. As display technology becomes more progressive, these displays are gradually being replaced with models that are more compact and consume less power. As displays become more and more advanced there are fewer reasons to continue to invest in cathode ray tube (CRT) displays.
According to the report, RGB-328 Electronic Displays: Technologies, Products, Future Opportunities from Business Communications Co., Inc. the value of worldwide shipments of electronic displays will reach $85 billion by 2005, and grow at an average annual growth rate (AAGR) of 10.6% to reach $141 billion by 2010. Electronic displays include flat panel and cathode ray tube (CRT) displays. CRTs account for just over 32% of the market in 2005, at $27.5 billion. Through the forecast period these numbers will show a steady decline of 6.6%, to $19.5 billion in 2010. Flat panel displays accounted for 67% of the total value in 2005. They will see a considerable AAGR of 16.0% through the forecast period, jumping from $57.8 in 2005 to $121.5 billion in 2010. At this point they will account for 85% of the total display value in 2010.
The liquid crystal displays (LCD) are used in a broad range of technologies, particularly the fast growing handheld applications. LCDs are the primary competitor to the CRT and will reach an AAGR of 17.5% in 2010. Shipments of plasma displays, a competitor in large television applications, reached $4 billion in value in 2004. Over the five year forecast period, shipments of plasma displays are forecast to reach a value of $10 billion.
Organic light emitting displays (OLEDs) are a burgeoning display technology that had shipments valued at close to $1 billion in 2004. The value of OLED shipments is expected to grow at an AAGR of 22.3% by 2010 to reach more than $3 billion. Shipments of other display technologies, including inorganic light emitting diodes (LEDs) and vacuum fluorescent displays (VFDs) are projected to grow in value at rates exceeding 4% through the 2010 forecast period.
Global Forecast of Electronic Display Shipments, through 2010
Source: BCC, Inc.
Global Forecast of Electronic Display Shipments, 2005 and 2010