Monday, 02 July, 2007
Report says HDTV market to exceed 50 million units by 2008
According to a new report, the HDTV market will exceed 50 million units by 2008.
"HDTV: A Global Strategic Business”, released by Global Industry Analysts Inc, claims that HDTV has marked its presence in developed countries such as the US, Canada, Japan, and Western Europe. Europe accounts for 45% of the global HDTV market. North America is expected to be the fastest growing HDTV market, registering CAGR of over 50%.
The market for HDTV in Asia-Pacific, Latin America and rest-of-world, accounts for a miniscule 5-6% of the global market. Europe and North America dominate the HDTV-capable sets market, accounting for over 75% of global sales. Europe, commanding nearly 50% of the global integrated HDTV sets market, is likely to lose its market share over the period.
Various factors were identified in the report as being crucial to the growth and profitability of various players in the HDTV market, include pricing and marketing efforts, timing of product introductions, and ability of contract manufacturers to provide quality products and meet delivery schedules. Also, legislative and regulatory factors, as well as industry initiatives for planned or actual product features, would determine market movement.
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