HDTV shipments estimated to grow to 241.2 million by 2012
In 2008, HDTVs overtook standard definition televisions as the leading TV shipped globally. The technology shows no signs of slowing in the next five years either. iSuppli forecasts HDTV unit shipments to grow to 241.2 million by 2012, managing a compound annual growth rate (CAGR) of 20.0%, up from 97.1 million units in 2007. Compared with non-HDTV unit shipments that will decline to 23.1 million units by 2012, decreasing at a CAGR of 27.0%, down from 114.8 million units in 2007, this is quite the switch in technology that the market has been waiting for.
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