Thursday, November 03, 2005

U.S. HDTV Sales to Grow 71 Per Cent by 2009

According to Park Associates’ Adoption of High-Definition TVs and Services study, television manufacturers will see a surge in cumulative HDTV sales over the next few years, which will boost the overall market value to US$65 billion by 2009.

The report, which includes data from Parks Associates' Mobile Entertainment Platforms & Services study, finds consumers are growing less skeptical about HDTV, which is creating a gradual increase in demand for high-definition products and services. Nearly 47 per cent of TV households in the U.S. plan to buy an HDTV in the next 12 months. This increase, says Parks, would boost HDTV sales by 30 per cent, and HD video services by 38 per cent by the end of 2006.

"Consumers are beginning to see the true benefits of HDTV," commented Deepa Iyer, a Research Analyst at Parks Associates. "Consumers who were once hesitant to spend huge dollars on an HDTV are now reconsidering this product category."

From the article, "U.S. HDTV Sales to Grow 71 Per Cent by 2009"

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