Market watchers are predicting that the liquid crystal display (LCD) semiconductor market is set to almost double by 2008 to $7bn (£3.8bn), up from $3.7bn (£2bn) in 2004, fuelled by consumer demand for flat screens.
According to newly unveiled research from IDC, an apparently unquenchable demand for desktop and notebook flat screens, combined with the growing popularity of LCD televisions, is driving the growth.
The analyst firm also predicts that sales of LCD TV panel semiconductors will overtake the notebook panel semiconductor market for the first time in 2007.
"The rapid growth in the LCD semiconductor market reflects demand for the LCD panels in notebook PCs, desktop PC LCD monitors and LCD TV markets," said Stanley Jeong, research manager for TFT-LCD research at IDC.
"However, it also reflects increasing semiconductor content per LCD panel. We expect the record growth that was seen in 2003 to continue over the forecast period."
IDC's report, The Worldwide TFT-LCD Semiconductor 2004-2008 Forecast, also predicts that semiconductor unit growth will keep pace with LCD module shipments through 2005.
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