Samsung Now Leads The Global TV Market For The Last 18 Years: All Details – News18

Samsung Electronics mentioned on Monday that it has retained its place as the highest participant within the international tv marketplace for the 18th consecutive 12 months.

The South Korean tech big took up 30.1 p.c of the world TV market by way of income final 12 months, remaining on the high since 2006, in line with Samsung Electronics, citing the market analysis agency Omdia.

Its flagship QLED TVs have contributed to the corporate’s robust efficiency, with gross sales reaching 8.31 million models final 12 months, experiences Yonhap information company.

Since the introduction of QLED know-how in 2017, Samsung Electronics has cumulatively offered 44 million models. In the premium phase for TVs valued at $2,500 or greater, Samsung had a share of 60.5 per cent in 2023, up from 48.3 per cent the earlier 12 months.

The firm additionally maintained a robust presence available in the market for big TVs, posting a market share of 33.9 per cent final 12 months, pushed by sturdy gross sales of the corporate’s largest Neo QLED, its 98-inch mannequin.

In the OLED TV phase, Samsung Electronics accounted for 22.4 p.c of the worldwide market by way of income final 12 months, with gross sales exceeding 2 million models over the previous two years.

Meanwhile, LG Electronics Co. mentioned it has maintained its management place within the international OLED TV marketplace for 11 years in a row. The South Korean

dwelling home equipment

maker shipped round 3 million models of OLED TVs final 12 months, accounting for 53 p.c of the world’s complete shipments.

In the massive-sized OLED TV phase, specifically, LG Electronics posted a market share of 60 p.c final 12 months on rising recognition of wi-fi 97-, 83- and 77-inch fashions in North America and Europe.

(This story has not been edited by News18 employees and is printed from a syndicated information company feed – IANS)