According to new report by NPD DisplaySearch, worldwide flat panel display (FPD) revenues will hit US$120 billion, up from US$111 billion in 2011.

It's being said that the film transistor liquid crystal displays (TFT LCD) segment isbe responsible for most of the shift, as its revenues came in at US$107.7 billion, up from US$99.4 billion in 2011.

AMOLED displays had the strongest year-over-year revenue growth, going from US$3.5 billion in 2011, to US$6.5 billion in 2012.

"The FPD industry struggled in 2011, as revenues fell 5% Y/Y to US$111 billion, due to price erosion in TFT LCD panels, especially for TV applications," reads an excerpt from NPD's report. "The 2011 decline in FPD revenues was only the second time in the history of the industry, and was also notable for the fact that the absolute value of TFT LCD revenues fell below $100 billion.

"The forecast revenue increase of 8% in 2012," it continued, "is based on several factors including increasing average sizes and shipments of LCD TVs, higher prices for high-resolution mobile displays for applications such as smartphones and tablet PCs, strong unit growth of tablet PCs, expansion of AMOLED shipments and applications, thin and light ultra-slim notebook PC panels, emerging 4K×2K LCD TVs, and growth of demand from applications including games, car navigation systems, and digital signage."

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