INTRODUCTION

    The Freedonia Group Incorporated is a leading international industry study/database company.  Since 1985, Freedonia has published more than 2,000 titles covering such areas as building materials, chemicals, communications, health care, packaging, pharmaceuticals, plastics, security and many other industries. Studies cover entire industry sectors as well as key niche markets.  Each study includes such valuable intelligence as growth markets and products, market share, product analyses and forecasts, market analyses and forecasts, and company profiles.

    This study analyzes global supply and demand for electronic displays, segmented into flat panel (FPD) and cathode ray tube (CRT) categories.  The flat panel display segment consists of liquid crystal displays, plasma displays, microdisplays, organic light-emitting diodes displays, and other flat panel types.  Excluded from the scope of the study are conventional electronic component products (e.g., semiconductors and passives), fiber optic products, lasers, non-solid-state lighting, display components and complete display-containing products and systems (television sets, computer monitors, etc., although these are widely discussed as markets for displays).

    Historical data (1993, 1998 and 2003) and forecasts to the years 2008 and 2013 are provided for shipments, sales and net exports of electronic displays at the aggregate level, valued in millions of current US dollars, including inflation.  Detailed data on display product markets are for sales in millions of current US dollars.  The term “sales” actually refers to “apparent consumption,” and is defined as shipments (also referred to variously as “production,” “output” or “supply”) from a country's indigenous manufacturing facilities plus imports minus exports.  It is used interchangeably with the terms “market,” “demand” and “consumption.”  Historical and forecast data is also presented for display demand by application, defined as desktop computer monitors, television sets, wireless phones and portable information technology devices (including notebook computers, personal digital assistants and similar items), and other.

    A potential source of statistical discrepancy in the historical series for both shipments and sales is the conversion from national currencies to a common currency, in this case the US dollar.  Every effort has been made to adjust compiled data to form a consistent pattern for comparing the various national display industries and markets.  Wherever available and credible, local currencies were converted to US dollars using purchasing power parity indices (PPPs) or at least a combination of PPPs and exchange rates.  However, this was not always possible, as many of the primary sources of international electronic display market data utilize exchange rate conversion methods.

    Data on world display products supply and demand are derived from differing sources and developed from statistical relationships.  As a result, variations are commonplace in this type of international reporting, and, consequently, data presented in this study are historically consistent but may differ from other sources.  Variances may occur because of definitional differences, undistributed exports, inventory accumulation and goods-in-transit, among other reasons.  To reduce the impact of such discrepancies,   total world display imports and exports have been assumed to balance in any given year.

    In addition, major global manufacturers of electronic displays and related products are identified and profiled, and the key competitive variables are discussed.  The entire report is framed within the world display industry’s economic, technological and market environments, and therefore environmental variables affecting display supply/demand patterns (electronic products production, information technology trends, etc.) are emphasized.  World display market share data by company presented in the “Industry Structure” section are estimated based on consultation with multiple sources.  In addition, tabular details may not always add to totals due to rounding.

    Macroeconomic and demographic indicators presented in this study were obtained from The Freedonia Group Consensus Forecasts dated June 2004.   Gross Domestic Product (GDP) historical data are derived from the National Income and Products Accounts (NIPA) from the Organisation for Economic Co-Operation and Development (OECD) for its member countries, from the European Bank for Reconstruction and Development (EBRD) for its member countries, and from the International Monetary Fund (IMF) for its member countries that are not part of the OECD or EBRD.  Sources of GDP estimates for other countries are based on information from the World Bank and a variety of US State Department sources.  Conversion factors to 2000 US dollars are based on purchasing power parity GDP estimates, which are obtained from the OECD, the World Bank, the US Central Intelligence Agency and selected other sources.  GDP forecasts are developed from a consensus of public agencies and private firms.

    Freedonia Group Industry Studies covering related topics include #1852 Electronic Chemicals (November 2004), #1809 MEMS: Micro-Electromechanical Systems (June 2004), #1787 Electronic Displays (March 2004) and #1776 Electronic Polymers (May 2004).
 A wide variety of primary and secondary sources were utilized in the compilation of this report.  These include national government statistical agencies, trade associations, foreign embassies, industry experts, financial sources and display company sources.  The US Bureau of the Census, United Nations, OECD, World Bank, IMF, European Union and various national government statistical publications were among the public sector data sources utilized.  Also consulted were trade periodicals and publications, corporate annual reports, product catalogs and other company information; in addition, personal interviews and online database searches were conducted.

TABLE OF CONTENTS

INTRODUCTION 

I. EXECUTIVE SUMMARY 

II. MARKET ENVIRONMENT General   
World Economic Outlook 
Recent Economic Performance 
Macroeconomic Outlook 
World Electronics Sector Outlook 
World Information Technology Outlook 
Computer Hardware & Software 
Telecom  
World Demographic Outlook 
Display Cost & Pricing Dynamics 
Display Technology Trends 
Displays Overview 
Cathode Ray Tube 
Flat Panel  
Advanced Issues 
TFT-LCDs 
Digital & High-Definition Television 
Organic Light-Emitting Diode Technology 
Microdisplays 
Micro-Electromechanical Systems (MEMS) 
Nanotechnology 

III. SUPPLY & DEMAND 
General    
World Display Markets 
Regional Markets 
Applications Markets 
Television Screens 
Desktop Computer Monitors 
Wireless Phones & Portable IT Devices 
Commercial & Industrial Applications 
Other Applications 
World Display Production 
Producing Countries 
Display Products by Type 
Flat Panel Displays 
Liquid Crystal Displays 
Plasma Displays 
Microdisplays 
OLEDs 
Other Flat Panel 
Cathode Ray Tube Displays 
International Trade Flows 67

IV. NORTH AMERICA 
North America: General 
United States 
Canada 
Mexico

V. WESTERN EUROPE 
Western Europe: General 
Germany  
France     
United Kingdom  
Italy    
Other Western Europe
Finland   
Ireland   
The Netherlands 
Spain  
Sweden  
All Other West European Countries

VI. ASIA/PACIFIC  
Asia/Pacific: General 
Japan     
South Korea  
Taiwan 
China   
Other Asia/Pacific  
Hong Kong 
Malaysia  
Philippines  
Singapore  
Thailand  
All Other Asia/Pacific Countries

VII. REST OF WORLD 
Rest of World: General 
Latin America  
Brazil   
Other Latin America
Eastern Europe 
Poland   
Russia   
Other Eastern Europe 
Africa/Mideast  
Israel   
Turkey   
Other Africa/Mideast 

VIII. INDUSTRY STRUCTURE  
General   
Industry Composition & Market Share 
Research & Product Development 
Manufacturing   
Marketing & Distribution 
Financial Issues & Requirements 
Mergers, Acquisitions & Industry Restructuring 
Strategic Partnerships 
Company Profiles  
AU Optronics Corporation 
Cambridge Display Technology Limited 
Chi Mei Optoelectronics 
Company Profiles
Chunghwa Picture Tubes Limited 
Corning Incorporated 
Daktronics Incorporated 
Dialight Corporation, see Roxboro Group plc 
Digital Media Network Company, see Toshiba Corporation 
DLP Products, see Texas Instruments Incorporated 
DuPont (EI) de Nemours 
Eastman Kodak Company 
Fairchild Semiconductor International Incorporated 
Fujitsu Hitachi Plasma Display Limited, see Fujitsu Limited and Hitachi Limited 
Fujitsu Limited 
Futaba Corporation 
HannStar Display Corporation 
Hitachi Limited 
Intel Corporation 
International Business Machines Corporation 
International Display Technology Company Limited, see Chi Mei Optoelectronics and International Business Machines Corporation 
Interstate Electronics Corporation, see L-3 Communications Corporation 
Kopin Corporation 
L-3 Communications Corporation 
LG Electronics Incorporated 
LG.Philips Displays International Limited 
LG.Philips LCD Company Limited 
Litrex Corporation, see Cambridge Display Technology
Limited 
LumiLeds Lighting LLC, see Royal Philips Electronics NV 
Matsushita Electric Industrial Company Limited 
Matsushita Toshiba Picture Display Company Limited, see Matsushita Electric Industrial Company Limited and
Toshiba Corporation 
NEC Corporation 
Company Profiles
Panasonic AVC Networks Company, see Matsushita Electric Industrial Company Limited 
Panelview Incorporated, see White Electronic Designs Corporation 
Philips Lighting, see Royal Philips Electronics NV 
Pioneer Corporation 
Planar Systems Incorporated 
Polar Vision Incorporated, see DuPont (EI) de Nemours 
Roxboro Group plc 
Royal Philips Electronics NV 
S-LCD Corporation, see Samsung Electronics Company
Limited and Sony Corporation 
Samsung Corning Company Limited, see Corning
Incorporated and Samsung Electronics Company Limited 
Samsung Electronics Company Limited 
Samsung SDI Company Limited 
SANYO Electric Company Limited 
Sanyo Epson Imaging Devices Corporation, see SANYO
 Electric Company Limited and Seiko Epson Corporation 
SED Incorporated, see Toshiba Corporation 
Seiko Epson Corporation 
Sharp Corporation 
SK Display Corporation, see Eastman Kodak Company and SANYO Electric Company Limited 
Sony Corporation 
ST Liquid Crystal Display Corporation, see Sony
Corporation 
TCL International Holdings Limited 
TCL-Thomson Electronics Corporation, see TCL
International Holdings Limited and Thomson 
Texas Instruments Incorporated 
Thomson   
Three-Five Systems Incorporated 
Toshiba Corporation 
Company Profiles
Toshiba Matsushita Display Technology Company Limited, see Matsushita Electric Industrial Company Limited and Toshiba Corporation 
Tottori SANYO Electric Company Limited, see SANYO
Electric Company Limited 
TTE Corporation, see TCL International Holdings Limited and Thomson 
Victor Company of Japan Limited, see Matsushita Electric Industrial Company Limited 
ViewSonic Corporation 
Vishay Intertechnology Incorporated 
White Electronic Designs Corporation  

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table   

SECTION II -- MARKET ENVIRONMENT 
1 Gross Domestic Product by Region 
2 Electronic Product Shipments by Region 
3 Population by Region 

SECTION III -- SUPPLY & DEMAND
1 World Display Demand by Region 
2 World Display Demand by Application 
3 Television Screen Demand by Region 
4 Desktop Computer Monitor Display Demand by Region 
5 Wireless Phone & Portable Information Technology Device Display Demand by Region 
6 Commercial & Industrial Display Demand by Region 
7 Other Applications Display Demand by Region 
8 World Display Shipments by Region 
9 World Display Demand by Type 
10 Flat Panel Display Demand by Region 
11 Liquid Crystal Display Demand by Region 
12 Plasma Display Demand by Region 
13 Microdisplay Demand by Region 
14 OLED Demand by Region 
15 Other Flat Panel Display Demand by Region 
16 Cathode Ray Tube Display Demand by Region 
17 Display Net Exports by Region 

SECTION IV -- NORTH AMERICA
1 North America Electronic Display Supply & Demand 
2 North America Electronic Display Demand by Application 
3 United States Electronic Display Supply & Demand 
4 United States Electronic Display Demand by Application 
5 Canada Electronic Display Supply & Demand 
6 Canada Electronic Display Demand by Application 
7 Mexico Electronic Display Supply & Demand 
8 Mexico Electronic Display Demand by Application 

SECTION V -- WESTERN EUROPE
1 Western Europe Electronic Display Supply & Demand 
2 Western Europe Electronic Display Demand by Application 
3 Germany Electronic Display Supply & Demand 
4 Germany Electronic Display Demand by Application 
5 France Electronic Display Supply & Demand 
6 France Electronic Display Demand by Application 
7 United Kingdom Electronic Display Supply & Demand 
8 United Kingdom Electronic Display Demand by Application 
9 Italy Electronic Display Supply & Demand 
10 Italy Electronic Display Demand by Application 
11 Other Western Europe Electronic Display Supply & Demand 
12 Other Western Europe Electronic Display Demand by Application  
13 Finland Electronic Display Supply & Demand 
14 Finland Electronic Display Demand by Application 
15 Ireland Electronic Display Supply & Demand 
16 Ireland Electronic Display Demand by Application 
17 Netherlands Electronic Display Supply & Demand 
18 Netherlands Electronic Display Demand by Application 
19 Spain Electronic Display Supply & Demand 
20 Spain Electronic Display Demand by Application 
21 Sweden Electronic Display Supply & Demand 
22 Sweden Electronic Display Demand by Application 
23 All Other West European Countries Electronic Display Supply & Demand 
24 All Other West European Countries Electronic Display Demand by Application 

SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific Electronic Display Supply & Demand 
2 Asia/Pacific Electronic Display Demand by Application 
3 Japan Electronic Display Supply & Demand 
4 Japan Electronic Display Demand by Application 
5 South Korea Electronic Display Supply & Demand 
6 South Korea Electronic Display Demand by Application 
7 Taiwan Electronic Display Supply & Demand 
8 Taiwan Electronic Display Demand by Application 
9 China Electronic Display Supply & Demand 
10 China Electronic Display Demand by Application 
11 Other Asia/Pacific Electronic Display Supply & Demand 
12 Other Asia/Pacific Electronic Display Demand by Application 
13 Hong Kong Electronic Display Supply & Demand 
14 Hong Kong Electronic Display Demand by Application 
15 Malaysia Electronic Display Supply & Demand 
16 Malaysia Electronic Display Demand by Application 
17 Philippines Electronic Display Supply & Demand 
18 Philippines Electronic Display Demand by Application 
19 Singapore Electronic Display Supply & Demand 
20 Singapore Electronic Display Demand by Application 
21 Thailand Electronic Display Supply & Demand 
22 Thailand Electronic Display Demand by Application 
23 All Other Asia/Pacific Countries Electronic Display Supply & Demand   
24 All Other Asia/Pacific Countries Electronic Display Demand by Application  

SECTION VII -- REST OF WORLD
1 Rest of World Electronic Display Supply & Demand 
2 Rest of World Electronic Display Demand by Application 
3 Latin America Electronic Display Supply & Demand 
4 Latin America Electronic Display Demand by Application 
5 Brazil Electronic Display Supply & Demand 
6 Brazil Electronic Display Demand by Application 
7 Other Latin America Electronic Display Supply & Demand 
8 Other Latin America Electronic Display Demand by Application  
9 Eastern Europe Electronic Display Supply & Demand 
10 Eastern Europe Electronic Display Demand by Application 
11 Poland Electronic Display Supply & Demand 
12 Poland Electronic Display Demand by Application 
13 Russia Electronic Display Supply & Demand 
14 Russia Electronic Display Demand by Application 
15 Other Eastern Europe Electronic Display Supply & Demand 
16 Other Eastern Europe Electronic Display Demand by Application  
17 Africa/Mideast Electronic Display Supply & Demand 
18 Africa/Mideast Electronic Display Demand by Application 
19 Israel Electronic Display Supply & Demand
20 Israel Electronic Display Demand by Application 
21 Turkey Electronic Display Supply & Demand 
22 Turkey Electronic Display Demand by Application 
23 Other Africa/Mideast Electronic Display Supply & Demand 
24 Other Africa/Mideast Electronic Display Demand by Application  

SECTION VIII -- INDUSTRY STRUCTURE
1 Selected Acquisitions & Divestitures 
2 Selected Strategic Partnerships 
3 Selected Display Manufacturers Revenue Data, 2003 

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Electronic Display Pricing Patterns 

SECTION III -- SUPPLY & DEMAND
1 World Display Demand by Region, 2003 
2 World Display Demand by Application, 2003 
3 World Display Shipments by Region, 2003 
4 World Display Demand by Type, 2003 

SECTION VIII -- INDUSTRY STRUCTURE
1 Total World Electronic Display Market Share by Company, 2003 
2 World Flat Panel Display Market Share by Company, 2003 
3 World CRT Display Market Share by Company, 2003