India LCD TV Sales Soar

In 2009, about 745,000 LCD TVs were sold in India. In October this year, about 700,000 LCD TVs were sold in India. (These figures come from the display tracking firm, DisplaySearch.) In other words, they nearly matched all of the prior year’s sales in just one month. Sony, Samsung, and LG were among the dominant brands.

This is significant because it underscores the growing significance of the Indian consumer market in the world economy. Combined with increased demand in China for flat panel TVs, it appears that we’re fast approaching the day when the United States and Europe will no longer represent the majority of the flat panel television market. We’ll have to see what implications that may have for the supply of products that are available here in the years to come.