The LCD TV market is showing signs of recovery.

According to trade analysts at WitsView, global panel shipments in February bounced back after a poor December and January, although year-on-year the market is still down.

The news will come as a relief to major panel makers looking for a return to stability, after months of commercial turmoil. For the consumer, this could signal an end to the kind of panic discounting seen recently on the high-street.

WitsView says it expects panel shipments to reach 75.66 million units in the quarter. Spokesperson Lilia Huang says the company expects panel shipments to increase to 91.46 million units in the second quarter.

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