...and its all down to our love of the telly!
On a cold winter evening when the weather is dismal and its dark before 5pm I can think of nothing better than curling up on the sofa with a hot chocolate and watching something on the TV. I am sure I am not alone in that guilty pleasure.
Nevertheless, despite our fondness for the beloved TV there has been a drop in global television demand of 3% in 2013. Moving forward this is set to change and the semiconductor market for TVs is forecasted to increase by an estimated 7%. This estimated increase is vastly due to the increase of technologies in TV sets such as LED backlighting, wireless video connections, multi-format decoders and networking interfaces thus increasing the content of semiconductors per device.
Upcoming sporting fixtures such as the FIFA World Cup are also forecasted to have a marked effect on the total global semiconductor revenue. Sales of new DTVs (Digital Televisions) are set to reach $14.7 billion in 2014 - a growth of 12% overall, predicting a marked increase in the semiconductor market annually.
Smart TVs and TVs with 3D technology are also helping to boost the semiconductor market although it is predicted that in the next five years these will face significant changes, mainly owing to a strong likelihood for technology obsolescence after only a few years. Traditional satellite and cable providers are also envisaged to face new and renewed threats. Intel, Apple, Google, Amazon and others are all proposing alternative methods in ways you and I can watch our favourite shows.
Personally, I do not need a new TV at the moment (although mine is probably deemed out of date in technological terms) but when the time comes I fear it will be a very competitive array of options.