Defying challenging economic conditions, the global LCD-TV market is expected to continue its rapid growth during the coming years, causing it to become the largest segment of the consumer-electronics industry by 2012, according to iSuppli Corp.
Speaking here yesterday at iSuppli’s North American Briefing event, Sheri Greenspan—Senior Analyst, Consumer Electronics for iSuppli—predicted worldwide OEM factory revenue for LCD-TVs will rise to $110.8 billion in 2012, nearly double the $61 billion in 2007. In 2012, LCD-TV revenue will exceed that of consumer appliances, marking the first time that the vast appliance sector has not been the top money generator in the consumer-electronics industry since iSuppli began gathering data on this market. At present, LCD-TV is the second largest revenue-generating segment of the 20 CE product categories tracked by iSuppli.
“Consumers want their electronics, in good times and in bad,” Greenspan told the audience at the event. “Because of this, the consumer-electronics market will continue its incremental growth over the next four years, driven by LCD-TVs, along with consumer appliances, digital Set-Top Boxes (STBs), digital still cameras and video game consoles.”
Factors driving LCD-TV shipment growth include the global transition to digital broadcast, rapidly declining prices, and consumer preferences for high-definition displays and thin form-factor sets. Greenspan noted that global consumer-electronics OEM factory revenue rose by 2 percent in 2007 and is expected to increase by another 6.5 percent in 2008.
For more information, visit www.isuppli.com.
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