Dominant Players
The combined share of Samsung and LG Electronics in the worldwide LCD TV market was reportedly 37.7 percent last year. Five Chinese companies were in the top 10, following the two Korean firms closely.
According to data released by market research firm Wits View on Feb. 10, Samsung's share of the global LCD TV market grew 1.8 percent year-on-year to reach 22.8 percent in 2014, becoming the top-ranked company. LG constituted 14.9 percent of the market, up 1.2 percent from 2013, which put the firm in the runner-up position.
Sony maintained the third spot last year, since its share expanded 0.4 percent year-on-year to reach 6.8 percent. However, its gap with Samsung and LG in the market was wide. TCL in fourth place comprised 6.1 percent of the market. Its share decreased 0.9 percent year-on-year, but the Chinese LCD TV maker is closely following Sony. The fifth, sixth, and seventh spots were all taken by Chinese firms: Hisense (6 percent), Skyworth (4.8 percent), and Konka (3.5 percent). Toshiba, which ranked 9th with a 3.9 percent share in 2013, was unable to enter the top 10 this year, since it was displaced by Changhong. The Chinese firm accounted for 3.5 percent of the market in 2014.
U.S. LCD TV supplier VIZIO was in eighth place with a 3.5 percent share. Sharp was also in the top 10 with a 3.4 percent share, but its share shrank 0.4 percent year-on-year.