Display panel shipments on the up for May

Shipments of large-area TFT LCD display panels were up nine percent in May compared to the previous month, according to a shipment database report by DisplaySearch.

Shipments were at 58.8 million units in May, up from 53.9 million in April, or nine percent. The growth was even more substantial when compared to the same time last year, where shipments were 43.4 million units. The year on year growth was a very healthy 36 percent.

Notebook panels were the largest factor in the results, with shipments totalling 21.5 million units in May compared to 18.5 in April, a month on month growth of 16 percent. Shipments in May of 2009 were only 13.6 million units, showing a whopping 58 percent year on year growth.

TV panel shipments were up 44 percent from last year, from 12.2 million to 17.7 million units. This was also a five percent increase on April’s figures, which were 16.9 million.

Monitor panels also saw some reasonable growth, up to 18.8 million units from 16.6 million the year before, an increase of 13 percent. This is also a 6 percent increase on April’s total of 17.7 million units.

There was no growth for other types of  LCD panels, which remained at 0.9 million shipments.

The report also found that LG Display was the leading company, with a 24.1 percent market share, followed by Samsung at 22.4 percent, Chimei Innolux at 17.9 percent, and AU Optronics at 17.4 percent.

While Samsung was second in market share, it was first for revenue, leading at 26.3 percent. LG Display followed closely with 24.2 percent, AU Optronics with 17 percent, and Chimei Innolux with 15.1 percent.

David Hsieh, Vice President of DisplaySearch, said: “The May results indicate that although the TFT LCD industry is going through a panel price and inventory correction period this quarter, panel shipment momentum is not slowing down and has bounced back to reach record monthly highs after a monthly decline in April.”

DisplaySearch May figures