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DisplaySearch pointed out that the decline in 2009 was mainly due to the low price of large-size panels, although the LCD market has recovered in Q2 2009. Xie Qinyi, vice president of DisplaySearch Greater China, said that 2009 was the most challenging year for the flat panel display industry, and the global financial crisis caused a sharp drop in demand. In any case, in early 2009, demand gradually recovered, and the economy continued to improve. I believe that the worst time has passed, and the flat panel display market will start to grow again after 2009.
Looking ahead to the development of flat panel displays, DisplaySearch said that amorphous silicon (a-Si) TFTLCDs are still the most important application technology for flat panel displays, accounting for nearly 90% of all flat panel display technologies. On the other hand, active matrix organic light-emitting diode (AMOLED) displays will have the best growth rate. For example, manufacturers can continue to solve technical bottlenecks and continue to invest. It is estimated that the compound annual growth rate of AMOLED can reach 179% between 2008 and 2012. .
Figure: 2008-2013 global flat panel display with different technology shipments estimated and annual growth rate (in millions of US dollars) 
According to DisplaySearch's latest global flat panel display research report, global flat panel display shipments will reach US$87.6 billion in 2009, down 15% from 2008. Although the display industry is still in recession in 2009, DisplaySearch estimates that the market will gradually recover in 2010, with a compound annual growth rate of 5% and shipment revenues expected to reach $93.3 billion.