India a huge market for Taiwanese LCD TV makers
By IANSFriday, October 1, 2010
NEW DELHI - India will soon see a surge in demand for flat-screen televisions from next year, providing a huge market to companies from Taiwan, as consumers with more disposable income are aiming to buy sleek and newer sets that save energy and complement their modern home.
Liquid-crystal display (LCD) TV revenue in India will exceed that of cathode ray tube (CRT) TV starting in 2011, said Riddhi Patel, director of television systems and retail services for market research firm iSuppli.
LCD-TV shipments will catch up the year after, exceeding those of CRT TVs starting in 2012, she added.
According to iSuppli, LCD-TV revenue will rise by 94.3 percent to $3.5 billion in 2011 from $1.8 billion in 2010.
Taiwanese brands such as BenQ are already offering LCD TVs in India. Taiwan makes nearly half of the worlds LCD screens that are used in televisions, computer monitors and other types of displays.
In addition to BenQ, Taiwan has other LCD TV companies such as Amtran Technology, which manufactures flat-screen TVs for a number of brands, including Vizio, one of the top-three flat-screen TV brands in the US.
Taiwan has more than five companies making LCD panels, including Chimei Innolux Corp, AU Optoelectronics Corp., Chunghwa picture tubes and Hannstar Display Corp.
