Chinese digital TV production to grow at 37% a year

iSuppli predicts China’s DTV production will expand to 23 mln units in 2009, rising at a compound annual growth rate (CAGR) of 37% from 4.8 mln in 2004. DTV penetration in China will grow strongly over the next few years. The product is expected to reach a 28% penetration rate in China in 2009, up from just 8% in 2004.