India Emerges From LCD TV Slump With Q4 Growth; Other Emerging Markets Tumble

Following a decline in Q2 2015 and no growth in Q3, the LCD TV market in India grew 18 percent in Q4 to 2.6 million units, an IHS report said Monday. But India’s Q4 TV revenue growth was an exception among emerging-market countries: Ukraine’s LCD TV market plummeted 66 percent, Russia’s dropped 48 percent and Brazil TV revenue declined 18 percent, IHS said. India “is still early in the process of transitioning from CRT to LCD, so there is a lot of room left for market growth,” IHS analyst Hisakazu Torii said. India also has a stronger demand base than other emerging markets, Torii said. TV sales were up in India, but with a relatively small average screen size of 31.7 inches, IHS said, citing smaller home sizes than in other countries and the transition from 20-inch CRT TVs. China and the U.S. had the largest average TV screen size in Q4 at 44 inches and 43 inches, it said.