HDTVs Outselling Other Television Sets

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This year, HDTVs overtook standard definition televisions as the leading TV shipped globally, states data from research firm iSuppli Corp.

And the big-screen TV shows no signs of slowing down in the next five years. iSuppli forecasts HDTV unit shipments could grow to 241.2 million by 2012, managing a compound annual growth rate (CAGR) of 20 percent.

The projections are up from 97.1 million units in 2007, says the firm.

The high-def success compares to non-HDTV unit shipments, which are expected to decline to 23.1 million units by 2012, down from 114.8 million units in 2007, according to iSuppli.

“The technology is everywhere these days - on broadcast television, on cable, on satellite, and on the internet,” says Sheri Greenspan, senior analyst for consumer electronics at iSuppli Corp. “You can’t escape hearing about something being broadcast in HD or getting the most out of your HD receiver or the most HD channels available.”