SAN JOSE, Calif., Feb. 28 -- Stanford Resources Inc.'s update of the report "Liquid Crystal Displays 2000" concludes that the value of the global LCD market grew 21 percent in 2000, to an estimated $21.3 billion, and total shipments reached 2.2 billion units. Stanford Resources notes that global passive (TN and STN) LCD market revenue accelerated in 2000, to reach $5.4 billion, due mainly to growth in demand for cellular-phone displays. Nearly 54 percent of the world revenue for passive LCDs in 2000 came from displays for cellular phones (both monochrome and color). The total market value for active matrix (TFT) LCDs grew about 22 percent in 2000 (to $15.9 billion). Growth in this market slowed substantially compared with the year-on-year expansion of 72 percent in 1999. This was due to the price reductions in 2000, which were predicted by Stanford Resources in its 2000 report.