US television shipments decrease, global industrial electronics chip revenue on the rise

According to research conducted by IHS iSuppli Research, the U.S. television market fell 9% in 2013. U.S. TV shipments declined to 34.0 million units, down from 37.5 million in 2012. Last year the television market consisted entirely of liquid-crystal display (LCD) and plasma display panel (PDP) sets. IHS predicts the market will begin to stabilize this year as the consumer purchase cycle readjusts after two years of continuous losses.

Other research conducted by the firm shows that the worldwide market for industrial electronics ended on a strong note in 2013, with overall revenue up from the previous year. Global industrial electronics chip revenue amounted up to $33.7 billion last year, an 11% increase from $30.4 billion in 2012. As shown in the infographic above, growth is predicted to continue in the next few years, reaching $45.0 billion by 2018.