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iSuppli predicts LCD-TV to Become Largest Consumer-Electronics Market by 2012 |
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Tuesday, 14 October 2008 |
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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.
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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 1st time that the vast appliance sector has not been the top money generator in the consumer-electronics industry.
“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 4 years, driven by LCD-TVs, along with consumer appliances, digital Set-Top Boxes (STBs), digital still cameras & video game consoles.”
Factors driving LCD-TV shipment growth include the global transition to digital broadcast, rapidly declining prices & consumer preferences for HD displays & thin form-factor sets.
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