Out of 205 million TVs shipped in 2009, 69% or 140.5 million are LCD TVs of $112 Billion

In the recent days, LCD TVs have taken over the world.

A Market research firm DisplaySearch estimates in a new report that of the 205 million total TVs shipped in 2009, 140.5 million, or 69%, were LCD TVs (the rest were plasma and CRTs).

In 2010, that % is forecast to rise to 78% for LCD TVs, when total shipments will rise to 218 million.

Worldwide TV revenues fell an estimated 10% to $101 billion, from $112 billion in 2008. But revenues are expected to rise in the 1st quarter of 2010 for the first time.

As LCD TVs take over, the extreme price erosion they go through puts a lot of downward pressure on the industry’s revenues. For instance, the average price of LCD TVs in 2009 is expected to see a 24 percent decline, which is counterbalanced by the increase in demand.  But after all is said and done, LCD TV revenues are only expected to rise 1 percent in 2009.