Following a “long-standing over-supply” in the TFT LCD industry, which induced lower panel prices, panel makers are “restructuring and adding new technologies and processes” to improve costs and performance, said David Hsieh, NPD DisplaySearch. Hsieh sees 2012 as a year of “gradual recovery,” when panel prices rebound and shipments increase. Q2 2012 is an example, with double-digit growth in shipment units, shipment area, and revenues.