Portland, OR–Quixel Researchs LCD TV Market Review for Q4 2004 reveals a 130 percent year to year growth in both value and units shipped, with the fourth quarter topping $1B alone.
“Consumers are opening their wallets for LCD TVs,” said Tamaryn Pratt, Quixels principal. “This technology continues to expand its reach in the marketplace. This years affordable price points for the 20-inch and under segments were the catalyst for the explosive sales.”
The newly published LCDTV Market Review also shows the fast emerging trend toward larger screen sizes, with the 30-inch and above screen size segment experiencing the greatest growth with a 270 percent increase from 2003 to 2004. This increased consumer demand for larger screens will ramp up sales for mid-size LCD TVs at more affordable price points, driving the market to new heights in 2005.
“The LCDTV market was triumphant in 2004, and is surging toward even greater growth potential.” said Bruce Tripido of Sharp. “With LCDTV as our flagship product, Sharp remains committed to meeting the worldwide demand for larger screen sizes coupled with full high definition in the highest quality products.”
Quixel Research forecasts that the LCDTV market will more than quadruple in revenues over the next four years, with projections of sales surpassing a breathtaking $9B by 2008.