The Consumer Electronics Association predicts that sales of flat-panel HDTV sets will continue their strong growth in 2007 after a groundbreaking holiday shopping season in 2006.
The trade group forecasts 2007 shipments of 19 million flat-panel displays, including plasma and LCD models. Overall, display technologies will account for $22 billion of CEA's projected total consumer electronics revenues of $155 billion in 2007. The overall figure would be a seven percent improvement over total consumer electronics sales of $145 billion in 2006.
"The TV market is setting all-time revenue records," says Todd Thibodeaux, CEA's senior vice president of industry relations. "CRT-based sets are giving way to flat panel displays. The successful ongoing transition to digital television is driving demand in this market space."
The television industry's top news stories, analysis and blogs of the day.