LCD use expected to grow steeply

The world market for all liquid crystal displays (LCDs) will double over the next six years, from $12.5 billion this year to $24.4 million in 2003 - a compound annual growth rate of more than 10 percent, say forecasters at Stanford Resources Inc., a market research firm in San Jose, Calif. LCD sales in 1996 were about 55 million units, which should increase to 139 million units in 2003. Active-matrix thin-film transistor LCDs will increase their revenue share of the market from 75 percent in 199

The world market for all liquid crystal displays (LCDs) will double over the next six years, from $12.5 billion this year to $24.4 million in 2003 - a compound annual growth rate of more than 10 percent, say forecasters at Stanford Resources Inc., a market research firm in San Jose, Calif. LCD sales in 1996 were about 55 million units, which should increase to 139 million units in 2003. Active-matrix thin-film transistor LCDs will increase their revenue share of the market from 75 percent in 1997 to nearly 85 percent in 2003. - J.K.

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