Taipei, Monday, August 31, 2015 14:48 (GMT+8)
rain
Taipei
25°C
Taiwan LCD monitors – 4Q 2012
Tony Huang, DIGITIMES Research; Jackie Chang, DIGITIMES [Monday 4 February 2013]
Taiwan's LCD monitor shipments decreased 0.1% sequentially and 9.1% on year to reach 24.95 million units in the fourth quarter of 2012.

Introduction

- Taiwan's LCD monitor shipments decreased 0.1% sequentially and 9.1% on year to reach 24.95 million units in the fourth quarter of 2012.

- Shipments will decrease 6% sequentially and 7.8% on year to reach 23.45 million units in the first quarter of 2013.

NOTE: Unless otherwise indicated, all figures and tables in this report refer to output from Taiwan makers.

Chart 1: LCD monitor shipments, 4Q11-1Q13 (k units)

Source: Digitimes Research, January 2013

- LCD monitors shipped by Taiwan-based makers in the fourth quarter of 2012 remained flat but showed an on-year decrease of 9.1% compared to the fourth quarter of 2011.

- Total LCD monitor shipments from Taiwan-based firms in 2012 were 99.38 million units, an on-year decrease of 14.8% compared to 112 million units in 2011.

- In 2012, total global LCD monitor shipments were 155 million units, showing a sequential decrease of 8.1% compared to 170 million units in 2011

Shipments breakdown

Production value and ASP

Chart 2: Taiwan LCD monitor production value, 4Q11-4Q12 (US$m)

Source: Digitimes Research, January 2013

Chart 3: Taiwan LCD monitor ASP, 4Q11-4Q12 (US$)

Source: Digitimes Research, January 2013

- Falling panel prices and price competition between brands caused ASP to fall; Taiwan monitor makers' total output value showed a sequential drop of 0.8% in fourth-quarter 2012.

- Compared to 2011, the quarterly output value of Taiwan-based LCD monitor makers showed continuous drops in 2012.

Market share

Chart 4: Worldwide market share, 4Q11-1Q13

Source: Digitimes Research, January 2013

- LCD monitor shipments from Taiwan-based makers will decrease by 6% in the first quarter of 2013 mainly because it is traditionally a low season.

- Taiwan-based LCD monitor shipments are likely to maintain a share of 63-65% in the global market because Samsung Electronics now focuses less on monitor products while LG Electronics has been issuing some OEM orders to Taiwan-based firms such as TPV Technology.

Makers

Chart 5: Top five makers' share of Taiwan LCD monitor shipments, 1Q12-1Q13

Source: Digitimes Research, January 2013

Table 1: Taiwan's top-5 LCD monitor makers, 1Q12-1Q13 (k units)

Rank

1Q12

2Q12

3Q12(e)

4Q12(e)

1Q13(f)

1

TPV
(13,700)

TPV
(13,460)

TPV
(15,187)

TPV
(14,583)

TPV
(13,602)

2

Foxconn/CMI
(4,960)

Qisda
(3,730)

Qisda
(4,205)

Qisda
(4,043)

Qisda
(3,715)

3

Qisda
(3,620)

Foxconn
(3,610)

Foxconn
(3,087)

Foxconn
(2,910)

Foxconn
(2,646)

4

Wistron
(2,110)

Wistron
(2,170)

Wistron
(2,137)

Wistron
(2,254)

Wistron
(2,083)

5

Tatung
(400)

Amtran
(400)

Amtran
(496)

Amtran
(550)

Amtran
(520)

Source: Digitimes Research, January 2013

- TPV's shipments in the fourth quarter showed a slight sequential increase and the firm remained the world's leading LCD monitor maker.

- Due to the fact that the first quarter is traditionally a low season, shipments from major firms are all likely to show on-quarter decreases in first-quarter 2013.

- Amtran refocused on monitor products and is one of the few firms that reported shipment growth in 2012.

- The combined shipment share of the top five Taiwan-based LCD monitor makers is unlikely to change significantly while the combined shipment share of the top two makers will continue to be between 73-75%.

- Qisda has replaced Foxconn (Hon Hai) as the second largest LCD monitor maker, hence the combined shipment share of the top two makers among Taiwan-based firms can be maintained above 70%.

Table 2: Global top-5 LCD monitor makers, 1Q12-1Q13 (k units)

Rank

1Q12

2Q12

3Q12(e)

4Q12(e)

1Q13(f)

1

TPV
(13,700)

TPV
(13,460)

TPV
(15,187)

TPV
(14,583)

TPV
(13,602)

2

Samsung
(5760)

Samsung
(5690)

Samsung
(5,961)

Samsung
(5,510)

Samsung
(5,069)

3

Foxconn/CMI
(4,960)

Qisda
(3,730)

Qisda
(4,205)

Qisda
(4,043)

Qisda
(3,715)

4

Qisda
(3,620)

Foxconn
(3,610)

Foxconn
(3,087)

Foxconn
(2,910)

LG
(2,775)

5

LG
(3350)

LG
(2753)

LG
(3,081)

LG
(2,989)

Foxconn
(2,646)

Note: The rankings are based on the makers' shipments that exclude own-brand products manufactured by outsourcing partners.
Source: Digitimes Research, January 2013

- TPV's 2013 LCD monitor shipment growth is likely to stay above industry average. Samsung and Foxconn Electronics (Hon Hai Precision Industry) are focusing more on large-size TV products, while LG have been releasing OEM orders to TPV.

Business models: OBM, OEM/ODM

Chart 6: Taiwan LCD monitor share by business model, 1Q12-1Q13

Source: Digitimes Research, January 2013

- Among Taiwan-based firms, only TPV has relatively strong shipments for original brand manufacturing (OBM) business, while other firms mostly focus on OEM shipments.

- TPV's OBM shipments cover its own AOC brand, as we as Philips and another 5-6 smaller brands.

Screen sizes

Chart 7: LCD monitor share by screen size, 3Q11-4Q12

Source: Digitimes Research, January 2013

Chart 8: LCD monitor shipments by screen size, 3Q11-4Q12

Source: Digitimes Research, January 2013

Annual shipments

Chart 9: Global LCD monitor shipments, 2008-2012 (k units)

Source: Digitimes Research, January 2013

- Total LCD monitor shipments from Taiwan-based firms in 2012 were 99.38 million units, representing an on-year decrease of 14.8%.

- Only Amtran reported on-year increase in 2012 shipments; other Taiwan-based makers all reported declines.

Taiwan LCD TVs – 2Q 2015

TAIWAN DISPLAY SYSTEM | Aug 21, 14:47

Taiwan-based LCD TV makers are seeing improving shipments. Among them, Foxconn Electronics (Hon Hai Precision Industry) will have the strongest shipment growth in the second half due to procurement orders from Mexico.

Global tablet market – 2Q 2015

GLOBAL TABLET | Aug 21, 12:11

Digitimes Research saw global tablet shipments fall to 45.76 million units in second-quarter 2015, showing a 10% decrease on quarter and representing more than a 15% decrease on year.

China smartphone market and industry – 2Q 2015

CHINA SMARTPHONE | Aug 18, 15:33

Smartphone sales in China no longer show any significant momentum for growth as the fast maturing market now increasingly relies on replacement demand from existing users.

Display panels for wearable devices: Market overview and forecast through 2017

RESEARCH EXTRAS | Jul 23, 12:15

The wearables market is a growing focal point for many vendors and players in the display panel supply chain. This Digitimes Research Special Report looks at developments in panel applications in the wearable industry, with a specific focus on panel makers in...

Developments in the UV LED industry

RESEARCH EXTRAS | Jul 16, 18:28

As white LED applications are becoming more widely accepted and common in the market and China makers push more price-competitive solutions, the 2015 global high-brightness LED output value is expected to only grow 7.5% on year. It is not surprising that in a...

High-brightness LED market trends and forecast, 2015
Wireless broadband developments in Southeast Asia markets
The transition to 4k TV - UHD TV market forecast, 2014-2017
  • Wireless broadband developments in Southeast Asia markets

    As of 2013, the 10 ASEAN nations had a total of over 700 million mobile subscriptions, with the CAGR from 2003-2013 reaching 24%. This Digitimes Research Special Report analyzes the various mobile broadband markets in ASEAN and looks at the respective trends in 4G LTE development for those markets.

  • 2015 global tablet demand forecast

    This Digitimes Research Special Report provides a 2015 forecast for the global tablet market and analyzes the strategies of key market players such as Google, Apple, Intel, and Microsoft.

  • 2015 China smartphone panel trend forecast

    This Digitimes Research Special Report analyzes the strategies of key China-based major panel makers BOE, Tianma and IVO for attacking the different market segments through technology and pricing, and their relationship to local vendors Huawei, Lenovo, ZTE, Xiaomi and Coolpad.