GLOBAL UNIT SHIPMENTS of personal video recorder (PVR) products set a new record in 2009, and are well on their way to eclipsing that record this year, according to a new report by In-Stat.
Fuelled by consumer demand to time shift television programming, pay-TV service providers are deploying millions of new PVR products each year. In fact, the report Strong Demand for PVR Products Continues predicts that annual PVR product unit shipments will surpass 50 million by 2014.
“Historically, the PVR product segment has been a growth market, even though most unit shipments were restricted to just a few countries,” said principal analyst Mike Paxton, in the report’s press release. “However, over the past year PVR products are becoming more common in places such as Latin America and Eastern Europe, a development that bodes well for the near-term growth prospects of the PVR market.”
Other research by In-Stat found that:
– Worldwide revenues in 2010 are projected to increase significantly, rising by over $1.2 billion in comparison to 2009 revenues;
– A key market driver for PVR products in the near-future will be digital terrestrial television (DDT) set top boxes that integrate PVR capabilities;
– PVR-enabled satellite set top boxes continue to be the largest PVR product segment, followed by cable set top boxes; and
– In 2009, Motorola was the leading PVR product manufacturer with over 4.9 million PVR product unit shipments.
