Despite continued weakness in the electronics industry worldwide, LCD (liquid crystal display) monitor shipments grew to a record high and demand for LCD TVs surged last year, according to market analyst DisplaySearch Inc.
In the third quarter last year, worldwide LCD monitor shipments rose by 4 percent compared to the previous quarter, the Austin, Texas company said in a statement released Dec. 30.
DisplaySearch predicted that fourth quarter growth would be higher at 29 percent, leading to a record high of 9.8 million units with average LCD monitor prices falling significantly faster in this quarter.
Among LCD monitor makers, Dell Computer Corp. maintained its market lead for the third consecutive quarter in the third quarter of 2002, DisplaySearch said. Samsung Electronics Co. Ltd. took second place, while NEC-Mitsubishi Electric Visual Systems Corp. overtook Hewlett-Packard Co. (HP) to move into third position.
LCD TV shipments in the third quarter last year were up 24 percent compared to the previous quarter, to 338,000 units, and in the third quarter of 2004 they are projected to rise to more than 2 million units, DisplaySearch said in a separate statement released Monday.
Market demand for LCD TVs in 2002 grew by 113 percent in 2002, DisplaySearch said. This demand is expected to increase in 2003 with a 182 percent growth due to factors such as the availability of larger and less expensive TVs and the spread of high-definition broadcasting, it said.