The LCD TV market will grow to the point that it becomes the “largest segment” in the entire consumer electronics industry in four years. That’s according to a study released this week by iSuppli Corp.
The research firm said that worldwide revenue from LCD TV, which was measured at $61 billion in 2007, will reach $110 billion by 2012.
“Consumers want their electronics, in good times and in bad,” iSuppli senior analyst Sheri Greenspan said as part of the announcement. ““Because of this, the consumer-electronics market will continue its incremental growth over the next four years, driven by LCD-TVs, along with consumer appliances, digital Set-Top Boxes (STBs), digital still cameras and video game consoles.”