Wide Applications and High Local Demand Make it the Most Opportune Time for LCD Panel Manufacturing in India, Says Frost & Sullivan

Wide Applications and High Local Demand Make it the Most Opportune Time for LCD Panel Manufacturing in India, Says Frost & Sullivan

MUMBAI, India, June 18/PRNewswire/ -- Television sales have been rapidly surging; the Indian mobile handset
market continues to grow despite turbulent economic conditions and the usage
of industrial displays is also on the rise. Thus, the applications of liquid
crystal display (LCD) panels and awareness about it have drastically
increased in India. Commonly used applications including the television,
monitor, and mobile handset use thin-film transistors LCD (TFT-LCD) panels,
whose penetration rate is growing substantially compared to the traditional
displays.

New analysis from Frost & Sullivan (http://www.electronics.frost.com),
Analysis of the Indian LCD Panel Market, finds that the total market for LCD
TVs and mobile phones to grow at a CAGR of 51 percent and 18.4 percent
respectively from 2008 to 2010. During the same period, the total
addressable market for LCD TV and mobile phones is expected to grow at a
CAGR of 57.8 percent and 17.9 percent respectively. The Total Addressable
Market (TAM), represents local production of these products. Higher local
manufacturing of products that deploy LCD panels portends strong demands
and appreciable growth for the LCD panels market in India.

If you are interested in a virtual brochure, which provides a
brief synopsis of the research and a table of contents, then send an e-mail
to Ravinder Kaur/ Nimisha Iyer, Corporate Communications, at
ravinder.kaur@frost.com/ niyer@frost.com, with your full name, company name,
title, telephone number, company e-mail address, company website, city, state
and country. Upon receipt of the above information, a brochure will be sent
to you by e-mail.

The evolution of the Indian manufacturing ecosystem is a new
trend, with several manufacturers considering India as an export hub for
various product lines. Local demand, export prospects, government
initiatives, wide applications, and low set-up costs during the economic
slowdown favor LCD panel manufacturers, making it an ideal time for the LCD
panel manufacturing in India.

"India is geared up for LCD panel manufacturing," says Frost &
Sullivan Research Analyst Santhosh B Krishnamoorthy. "Increased LCD product
line consumption, growth in the electronics industry despite temporary
slackening and the expansion of manufacturing industries in India will be
strong growth boosters for the Indian LCD panel markets in the next 1 to 4
years."

LCD displays are the solutions to the rising need for lower
power-consuming, space-saving, and better displays. LCD has a high
penetration rate compared to the traditional display technologies and is here
to stay in the market. In India, LCD displays are soon expected to exceed
cathode ray tube (CRT) displays in sales. No other Flat Panel Display
technology is as price competitive as the LCD displays. It also offers better
value, thereby paving the way for significant opportunities for LCD panel
manufactures in the coming years.

Indigenous LCD panel manufacturers are expected to face the
challenge of competing against the established global manufacturers who enjoy
higher economies of scale in their manufacturing facilities abroad.
Manufacturing from a still developing ecosystem will be a major challenge.
Price fluctuations in the industry also have to be cautiously addressed.

"In this highly competitive market, manufacturing from a still
developing ecosystem, the lack of an experienced workforce, and price
competition in a fluctuating environment pose challenges," avers
Krishnamoorthy. "However, local presence and market positioning should be
strategically used to establish the industry and overcome challenges."

The burgeoning demand for various products including the
mobile phones, TVs, computers etc in India is driving product manufacturers
to set up manufacturing units in the country to address local demand. The
demand from product manufacturers for LCD panels is bound to justify local
manufacturing of LCD panels. By having local LCD panel production, suppliers
can address the demand through optimal pricing and establish a reactive
supply chain. This will benefit the LCD panel manufacturers in the long term.

"Quality products at a low price, a good supply chain, and
brand equity are some of the key strategic factors in the LCD panel market in
India," concludes Krishnamoorthy. "To have an edge over competitors, it is
critical for LCD panel manufacturers to provide extremely competitive prices,
immediate availability, and effective customer support."

Analysis of the Indian LCD Panel Market is part of the
Electronic Devices Growth Partnership Services program, which also includes
research in the following market: Electronic Devices and Market Engineering.
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Analysis of the Indian LCD Panel Market

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Contact:

Ravinder Kaur
Corporate Communications - South Asia
P: +91-44-42044760
F: +91-44-24314264
E: ravinder.kaur@frost.com

Tanu Chopra
Corporate Communications - Middle East
P: +91-22-4001-3437
F: +91-22-2832-4713
E: tanuc@frost.com

Nimisha Iyer
Corporate Communications - South Asia & Middle East
P: +91-22-4001-3404
F: +91-22-2832-4713
E: niyer@frost.com

http://www.frost.com

Source: Frost & Sullivan (India) Pvt. Ltd.

Contact: Ravinder Kaur, Corporate Communications - South Asia, P: +91-44-42044760, F: +91-44-24314264, E: ravinder.kaur@frost.com; Tanu Chopra, Corporate Communications - Middle East, P: +91-22-4001-3437, F: +91-22-2832-4713, E: tanuc@frost.com; Nimisha Iyer, Corporate Communications - South Asia & Middle East, P: +91-22-4001-3404, F: +91-22-2832-4713, E: niyer@frost.com

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