|HDTV Now In 10 Million Homes Worldwide
April 07, 2005
Sarasota, FL - As of March 2005, 10 million homes worldwide were viewing HDTV programs on a high-definition TV set, according to a study conducted by In-Stat, a leading provider of high-tech market research and forecasts.
By the end of 2005, the study contends, the worldwide total of these HDTV service households is projected to reach 15.5 million. According to In-Stat forecasts, the growth rate of HDTV households will continue to be strong over the next several years, climbing to 52 million households by 2009.
The HDTV growth rate, however, still faces several market challenges, according to In-Stat analyst Mike Paxton. Foremost among these challenges, says Paxton, is “the need for more HDTV content, continuing the education of the public about the benefits of HDTV, and widening the geographic availability of HDTV services, especially in Europe.”
In-Stat finds that HDTV services are widely available in only five countries, including Australia, Canada, Japan, the United States, and South Korea. A survey of U.S. consumers showed that an amazing 76% of the respondents had watched HDTV programming on an HDTV set, although many of the respondents noted that they had simply seen a demonstration of HDTV in a retail store. For further information, visit www.instat.com
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