|Demand for PVRs Ignites Record Unit Shipments
May 25, 2005
Sarasota, FL - Television and video programming “on demand” is growing apace. Consumer interest in Personal Video Recorder (PVR) products increased dramatically during the past year, as revealed by unit shipments, which rose from 4.6 million in 2003 to over 11.4 million in 2004, according to a report released today by In-Stat, a high-tech industry research firm.
Today's report states demand stems from increased consumer awareness about the concept of time-shifting television programming, and both pay-TV service providers and PVR product manufacturers are reaping the benefits.
"The deployment of PVR products has been a success story for both pay-TV service providers and consumer electronics manufacturers," says Mike Paxton, an In-Stat analyst.
"While the current growth of PVRs is being spurred by satellite TV set top box products, and DVD recorders with built-in hard disk drives, other product segments like cable TV set top box-based PVRs are also flying off the shelves," Paxton said.
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