The Russian LCD-TV market is set for strong growth this year, with shipments rising by 13.6% in 2009, according to iSuppli Corp.
Shipments of LCD-TVs in Russia will rise to about 5 million units in 2009, up from 4.4 million in 2008. By 2013, shipments will nearly double from the 2009 level, increasing to 9.6 million units. Revenue will increase to $5.7 billion by 2013, up from $3.1 billion in 2008.
The report said that LCD-TVs are the only segment of the Russian TV market that is expanding, with shipments of Plasma Display Panel-Televisions (PDP-TVs) and Cathode Ray Tube-Televisions (CRT-TVs) decreasing in 2009 and beyond.
Among brands in Russia, South Korean OEMs are in a winning position because of their strong brand recognition. Furthermore, said the report, the South Korean OEMs also have domestic production capabilities and vertical integrationâ€”factors that allow them to have better control over their costs and prices.
to Daily News