The global market for large-sized LCD panels is shrugging off economic concerns, with rising demand for monitor, notebook-PC and television panels expected to generate a 17.7 per cent increase in unit shipments in 2008, according to digitimes.com.

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Large-sized LCD panel shipments this year are projected to rise to 458.9 million units, up 17.7 per cent from 389.8 million in 2007.  However to put this figure into context, this compares to 38.9 per cent growth in 2007.

Furthermore says the report, the large-sized LCD panel market is expected to reach 737.6 million units by 2012, expanding at a compound annual growth rate (CAGR) of 13.6 per cent from 2007.

Moreover says the report, the global large-sized LCD market will expand to “US$88.9 billion in 2008, up 19.9 per cent from US$74.1 billion in 2007. The fact that revenues will grow more quickly than unit shipments in 2008 reflects stronger average selling prices (ASPs) for large LCDs due to supply constraints”.

The shipments of large-sized LCD panels in the first quarter of 2008 declined by only 2.8 per cent compared to the fourth quarter of 2007.

And most panel buyers say they are expecting the LCD market to be in “tight supply in the second and third quarters due to the Olympics and slower capacity expansions in the first half of 2008”.

While the supply glut did continue in the first quarter, the strong demand for monitor, television and notebook PC panels has begun boosting the large-sized LCD market, a phenomenon expected to continue through the third quarter, claims digitimes.com.