IDC revises LCD TV forecast to 50 mln units in 2007

According to new research from IDC, dropping price points and growing interest in high-definition television will drive flat-panel TV display shipments to 50 million units in 2007. Sprouting from meager beginnings at the start of this century, flat-panel TVs accounted for just 0.5% of the worldwide TV market in 2000. As the market continues to accelerate, flat TVs will quickly account for 27% of the worldwide market by 2007. Adoption rates in the U.S. will be even more aggressive.