Study says increase in LCD sales could also boost sales of digital settop boxes.
10.10.2008 — LCD TVs will become the largest CE market by 2012 with sales hitting $110.8 billion, says a recent iSuppli report.
If this prediction pans out, worldwide LCD TVs sales will almost double from $61 billion in 2007, according to the report.
"Consumers want their electronics, in good times and in bad," says iSuppli senior analyst Sheri Greenspan.
"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."
Reasons for the potential growth include:
- Global transition to digital broadcast
- Rapidly declining prices
- Consumer preference for HD displays and thin sets
Semiconductor sales have grown 5.5%
Personal computers and cell phones drive chip sales
By Jim Carbone -- Purchasing
Eight-month worldwide sales of semiconductors were $170.2 billion, an increase of 4.5% from the same period of 2007 when sales were $162.9 billion, according to the Semiconductor Industry Association.
Global sales grew 5.5% to $22.7 billion in August from August 2007 sales of $21.5 billion and by 2.4% from July when sales were $22.2 billion. “Global sales of semiconductors remained strong in August,” says SIA President George Scalise. “Sales of personal computers and cellular handsets continued to be the principal drivers of demand.”
PC unit sales are projected to grow by more than 13% in 2008. Unit sales of cellular handsets are forecast to grow about 10% in 2008, with the strongest growth coming from emerging markets.
However, continuing price pressure on DRAMs and NAND flash memory dampened overall industry growth. Excluding memory products, semiconductor industry sales were up by 11.4% year-on-year in August. Year-to-date sales were 4.5% ahead of last year and remain in line with the SIA mid-year forecast of 4.3% growth in 2008...
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