Worldwide shipments of professional flat panel displays increased by 8% quarter-on-quarter in CYQ4 2013 to reach 567,000 units and finish the year with 20% volume growth, according to the latest research from Futuresource Consulting.
“The EMEA region continues to perform well, with quarterly volume growth standing at 16% and market volumes reaching 163,000 units. Also, the project business in Russia and Poland supported by strong performances across much of Western Europe saw the region grow by 16.6% quarter-on-quarter” says Ben Davis, Market Analyst at Futuresource Consulting.
“Year-on-Year growth in the region stands at 22% and the market grew quarter-on-quarter by 14%. However, this is excluding the Turkish market where the FATIH project had spiked volumes of 65” IFPD a year previous.
“Market value remains consistent with CYQ2, growing 12% quarter-on-quarter with good demand for 60-inch & 70-inch screens complementing stable volumes in the mid ranges.”
2013 has brought good growth to the region, excluding Turkey, year to date volume growth was 21% with significant increases in demand seen in key Middle Eastern territories where project business in transport, retail and education is driving early adoption cycles.
At a Regional Level
Despite US demand continuing to remain relatively stagnant (the market is returning annual growth of 0.03% in 2013) the Americas region returned QoQ growth of 5% with good business seen in Canada, Brazil and other areas of Latin America.
The Asia Pacific region closed the year with a solid quarter, full year 2013 volumes reaching 920,000 units, 28% growth on 2012. The market of Japan, China and Korea all returned annual growth rates in excess of 20%.
At a Segment Level
Entry level/Prosumer products continue to gain traction in the market, while high end solutions lose share. Mid-range products maintain demand as customers trade down value-orientated solutions.
Video wall products maintained their strong position in a growing market, with volumes driven by the increasingly diverse applications for video wall set ups and super narrow bezel’ product increasingly being used as standalone displays in aesthetically-orientated retail applications.