According to recent research study by RNCOS "Global Consumer Electronics Market Forecast to 2013", high definition consumer electronics shipments are projected to grow at a CAGR of around 19% during the forecast period 2011-2013. With the fast expanding list of HD content suppliers and the rapid adoption rate of HDTVs & STBs, HD video transmission and delivery will become major motivators for consumer to invest money in new technology television displays and playback/recording equipments, finds RNCOS.
RNCOS estimates global shipments of HD consumer electronics are expected to be more than triple by 2013 from 2008 levels as HD becomes the ubiquitous video standard worldwide. RNCOS also says High Definition set top boxes will capture the major chunk of the global HD consumer electronics market during the forecast period. As per the report, HD STBs' shipment has witnessed significant growth during the past few years with growth in digital televisions (DTV) and high-definition televisions shipments.
As per RNCOS, the Asia-Pacific region will become the dominant territory during the forecast period, accounting for nearly half of the global HD STBs demand. India and China will represent majority of this demand, however both the countries have registered slow uptake of multi-channel TV till date owing to price and technology limitations. As costs reduce, both the countries will record phenomenal growth, adds RNCOS.
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