Research firm DisplaySearch forecast in a report released Thursday that demand for liquid crystal display televisions will grow faster than expected. DisplaySearch anticipates that by 2006, shipments of LCD TVs with screens 10 inches or larger will rise from 14 million units to 16.2 million units. The Austin, Texas-based company said that the building of fifth and sixth generation manufacturing plants, which can produce more large-sized panels, will cause prices to drop, triggering a boost in sales.
The company added that the market for LCD TVs is dominated by Sharp, which sold 51 percent of units in the second quarter of this year. No other companies sold more than 15 percent.