Analysys predicts LCD TV boom

The global LCD television sector is expected to post an average annual growth rate of 55.8% for the next four years, says Beijing-based research house Analysys International.

Forbes reports that the demand for LCD televisions will drive global demand for larger TFT-LCD panels, with Analysys predicting that 37-inch televisions will take over from 32-inch LCD televisions as seventh-generation panel product lines go into production in 2007.

Analysys says China still lags behind South Korea and Taiwan in panel production and needs to focus on technology innovation to make greater inroads in the global market.

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