TFCinfo: Global Plasma Display Market To Grow 87 Percent In 2003

8-Jan-03

TFCinfo Corp, the worldwide leader in audio-visual market research, reports in its latest U.S. Plasma Market Analysis Report that the global plasma display panel (PDP) market will grow by 87 percent to 1,067,000 units in 2003. Due to increased resolutions, better scaling algorithms, and sharply lower prices, the use of PDPs have increased tremendously in 2002 and will continue its rapid growth in 2003. TFCinfo also reports that the global market for PDPs will grow at a compounded annual growth rate (CAGR) of 82 percent through 2005.At present, the U.S. is the smallest PDP market among the top three world regions. The U.S. has lagged behind the rest of the world as a market for plasma displays--behind Asia and Europe, accounting for less than a quarter of the global PDP market. Yet, U.S. PDP penetration will increase markedly in the next few years. Market growth will outpace other regions due to initial low penetration, early U.S. economic recovery, and growing consumer interest in digital TVs.In fact, in the third quarter of 2002, U.S. plasma displays used for consumer applications (home entertainment) surpassed the use of plasma displays by businesses for the first time.For more information about TFCinfo Corp, visit www.tfcinfo.com.

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