Flat-panel TVs see strong growth in India

The India flat-panel market outlook is promising, with the region accounting for more than 30 per cent of forecast Asia Pacific shipments in 2013.

This is according to DisplaySearch's India's TV Market: The Final Frontier of FPD report, which stated that flat-panel display (FPD) TV shipment growth in India slowed to 80 per cent from 100 per cent in the last four years. The firm, however, noted that in comparison to other regions, the slowed growth is still impressive, with the exception of the China flat-panel TV market.

A growing middle class, coupled with a low penetration of flat-panel TVs, will fuel the transition from CRT to LCD TVs with LCD TVs overtaking CRTs in 2012. India has 23 crore households and only 11.50 crore of them have TVs—mainly CRT TVs—providing significant opportunities for market expansion.

"With a booming economy, rising discretionary income and government purchase incentives, the India flat-panel TV market remains a bright spot for continued flat-panel TV growth over the next five years," noted Indrajit Ghosh, DisplaySearch director of India and South Asia research. "In a global economy where some regions are saturated, India represents one of the biggest populations with the biggest potential for ensuring continued growth in the flat-panel TV industry."

India's FPD TV share in Asian Pacific region

India aims to position itself as the next TV assembly and manufacturing destination. The India government also has reduced panel import duty by 50 percent in an effort to help attract TV manufacturing and assembly within the country. As a result, large global OEMs are already considering this region, based on success stories in mobile handset manufacturing in India.

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