Global recession switches off LCD and plasma TV market |
|
Dubai - The prevailing difficult financial condition worldwide is expected to dim the 2009 market for LCD and plasma TV segments, according to research firm, iSuppli Corp.
"The current turmoil is impacting the spending in LCD and plasma TV market. The rising inflation in many markets and continued impact of the recession and credit turmoil in the US and Europe and will slow down sales growth for TVs in 2009 as well," Riddhi Patel, principal analyst, television systems for iSuppli, said.
iSuppli anticipates the fourth quarter of 2008 to be weak compared to previous expectations. In the fourth quarter, 10.21 million units are expected to be shipped into the region, an increase of 2.71 per cent compared to 9.94 million units in third quarter.
"Before the recession hit, 2009 was expected to be a year when the TV market would grow substantially because of the large number of replacement purchases in the mature regions as well as in economically emerging nations," Patel said.
"Moreover, the downturn had been expected to last only a few quarters, and was not believed to be as severe as it now appears," Patel said.
Total LCD and plasma TV shipments into Europe, Middle East and Africa (EMEA) in third quarter stood at 9.94 million units, an increase of 5.07 per cent compared to 9.46 million in the second quarter of this year, according to the research firm iSuppli Corp.
LCD TV shipments into the region during the third quarter stood at 8.24 million units while plasma TVs stood at 1.70 million units.
In LCD TV segment, Samsung remained the top vendor in the third quarter with 2.65 million units and with a market share of 32.19 per cent followed by Philips with 1.26 million units and 15.31 per cent market share, Sony with 1.1 million units and 13.69 per cent market share.
In plasma TV segment, Panasonic took the top spot with 392,000 units and occupying 23.01 per cent market share in third quarter followed by Samsung with 391,000 units and 22.94 per cent market share and LG Electronics with 230,000 units and 13.50 per cent market share. All the major vendors' market share fell in the third quarter compared to second quarter.
The value of the TV market in the third quarter stood at $7.76 billion, a decrease of 1.65 per cent when compared to $7.89 billion in second quarter of this year. The value of the TV market in MEA will stand at $648 million in fourth quarter compared to $617 million in the third quarter.
iSuppli now forecasts regional LCD TV shipments will stand at 32.56 million units in 2008, an increase of 8.15 per cent from 30.10 million units in 2007 while plasma TVs will stand at 5.82 million units, an increase of 47 per cent compared to 3.96 million units in 2007.
The market is expected to bounce back in 2010 and the demand for LCD TVs will pick up.
By Scott Shuey
© Gulf News 2009
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Emirates Aluminium Company | UAE | Metal Production |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Al Azizia Panda United Company | Saudi Arabia | General Retailers |
| Ras Girtas Power Company | Qatar | Electric Utilities |
| Abu Dhabi Investment Council | UAE | Investment Firms and Funds |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Abu Dhabi Investment Company | UAE | Investment Banking |
| Barwa Real Estate Company | Qatar | Landlords and Developers |
Projects
| Project Name | Country | Sector |
| Ras Girtas Power Company - Ras Girtas IWPP | Qatar | Power and Water |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2) | Saudi Arabia | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Dubai RTA - Dubai Metro - Purple Line | UAE | Infrastructure |