LCD-TV market to grow 70%; new entrants crowd the field
Silicon Strategies
12/11/2003, 5:20 PM ET
EL SEGUNDO, Calif.--The total direct-view LCD-TV market is projected to grow 70 percent over the next few years, from 3.4 million units in 2003 to about 27.5 million units in 2007, according to a report from iSuppli/Stanford Resources.
Riddhi Patel, senior analyst with iSuppli/Stanford Resources, said that LCDs will account for only 14 percent of total television unit shipments by 2007. In contrast, CRT TVs still will dominate unit shipments in 2007, with an 80 percent share of the market, down from 94 percent in 2003, Patel predicted.
CRTs will maintain their market lead due their dramatically lower cost, but will lose share to other technologies like LCDs and plasma displays at the high end in the business, Patel said.
Due to the rapid growth of LCD-TV sales, a plethora of new players have entered the market, such as Sony, Panasonic, Sharp, Samsung Electronics and LG Electronics, to traditional IT companies like Dell and Gateway, to monitor companies like Viewsonic and BenQ, to some older brands long absent from the television market, like Westinghouse and Motorola. |
