Report:LCD-TV to dominate consumer electronics market

The Global LCD-TV market is expected to become the dominant segment in the consumer-electronics industry by 2012, according to an iSuppli report. Strong continued growth is anticipated for the industry in the coming years, even through difficult economic situations, as analyst Sheri Greenspan said "consumers want their electronics, in good times and in bad." LCD-TV revenue is even set to exceed the strong numbers from appliances, a segment that has held the top position for years.

The continued expansion of LCD-TVs has been driven by circumstances that include change to digital broadcast, lowering of component prices, and consumer demand for high-definition image quality and thin profile devices. Another market expected to follow the same upward trend is digital Set-Top Boxes (STBs), digital cameras, and video game consoles.

Greenspan also foresees devices offering convergence of functionality, a trend that has already been developing in the age of single devices capable of phone, internet, camera, and GPS functions. Along with the "coolness" factor, the convergent capabilities can potentially save money for consumers by integrating multiple functions into one product.

Filed under: industry, digital imaging
Other story tags: TV