While 3D TV Captures Consumer Attention, the Industry Tunes Into Connected TV
Global Connected TV Shipments Forecast to Reach 118 Million in 2014
Santa Clara, CA (Vocus) October 18, 2010
While much of the news coverage surrounding TV features concentrates on 3D, the quiet revolution of connected TV is reaching new heights with over 40 million units expected to ship in 2010. According to the DisplaySearch Q3’10 Quarterly TV Design and Features Report, the category is forecast to grow to over 118 million in 2014. TV set makers continue to develop new service platforms to offer a variety of new formats for TV viewing, while broadcasters are also launching their own standards and portals this quarter, such as Hbb.TV and YouView.
“It’s an exciting time for the connected TV sector,” said Paul Gray, DisplaySearch Director of European TV Research. “It’s a battleground where TV set makers, internet video companies, free-to-air broadcasters, pay-TV and the IT industry are all rushing to stake their claims. IPTV is moving from being a technology to becoming recognizable service offerings.”
Despite the growth of the connected TV segment, no clear front-runner has emerged. The Quarterly TV Design and Features Report reveals that only around 10% of the connected TVs sold in Japan have joined a network so far, while expectations for North America have been scaled back as the TV market struggles in the region this year.
Gray added, “It has been a long, challenging journey so far, especially with new competitors like Google TV joining the battle. Set makers will have to acquire new skills such as negotiating content deals in order to succeed. I think most of the TV supply chain senses that this is a seismic shift in the usage of TV that will be far more significant than 3D, which will not alter TV function or usage patterns.”
It is expected that the connected TV market will split, with basic connected sets carrying enhanced services such as Hbb.TV, YouView and VuDu, while the smart TV segment will encompass configurable apps, sophisticated search and navigation engines, and advanced user interfaces. DisplaySearch defines a smart TV as one that can retrieve content from beyond walled gardens, has intelligent search and recommendation, is upgradeable by its owner, and is able to network seamlessly with other devices in the home.
The DisplaySearch Quarterly TV Design and Features Report is a quarterly update of the issues and rapid shifts in feature development in TV sets. The 200+ page report examines and forecasts video processor and signal processing IC market development including 120/100 and 200/240 Hz frame rates and market shares for major IC vendors. In addition, the report also features forecasting for MPEG-4 decoding and the digital broadcast environment around the world; TV connectivity, such as wired and wireless networked TVs; LED backlighting; 3D capability and implementation; remote controls and chassis design; and power consumption.
Register now for the DisplaySearch Taiwan TV Supply Chain Conference on November 3, 2010 in Taipei, Taiwan.
Since 1996, DisplaySearch has been recognized as a leading global market research and consulting firm specializing in the display supply chain, as well as the emerging photovoltaic/solar cell industries. DisplaySearch provides trend information, forecasts and analyses developed by a global team of experienced analysts with extensive industry knowledge and resources. In collaboration with the NPD Group, its parent company, DisplaySearch uniquely offers a true end-to-end view of the display supply chain from materials and components to shipments of electronic devices with displays to sales of major consumer and commercial channels. For more information on DisplaySearch analysts, reports and industry events, visit us at http://www.displaysearch.com. Read our blog at http://www.displaysearchblog.com and follow us on Twitter at @DisplaySearch.
About The NPD Group, Inc.
The NPD Group is the leading provider of reliable and comprehensive consumer and retail information for a wide range of industries. Today, more than 1,800 manufacturers, retailers, and service companies rely on NPD to help them drive critical business decisions at the global, national, and local market levels. NPD helps our clients to identify new business opportunities and guide product development, marketing, sales, merchandising, and other functions. Information is available for the following industry sectors: automotive, beauty, commercial technology, consumer technology, entertainment, fashion, food and beverage, foodservice, home, office supplies, software, sports, toys, and wireless. For more information, contact us or visit http://www.npd.com and http://www.npdgroupblog.com]. Follow us on Twitter at @npdtech and @npdgroup.
SAVVY Public Relations
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb3d-tv/display-search/prweb4664914.htm