DisplaySearch Reports Major Worldwide TV Growth
The research firm DisplaySearch released a report Monday showing that the global TV market has grown 18 percent since last quarter and 11 percent since last year, with profit jumping 17 and 10 percent, respectively. The growth was attributed mostly to major growth in Europe, healthy growth in third-world countries, and “enormous growth” for TVs 1080p and higher, as well as “continued gains” for flat-panel TVs and other larger sizes.
According to the report, formally titled “Quarterly Global TV Shipment and Forecast Report,” the global TV market has reached 50.6 million units as of the end of the third quarter, on $26.3 billion of revenue. Shipments of LCD TVs jumped 86 percent year to year, now making up 40 percent of the TV market. Samsung is number 1 in the LCD revenue share race, with 18.4 percent, beating out Sony, Sharp, Philips and LG. Plasma sales grew by less, but grew nonetheless, rising 21 percent year to year. That market is led in revenue by Panasonic, with nearly 33 percent, followed by Samsung, LG, Hitachi and Pioneer.
In terms of overall TV brand, Samsung retained the lead for the fifth straight quarter with 13.8 percent, ahead of LG, Philips and Sony.