Samsung Leads Global TV Market in Q1 Despite Sluggishness

TapTechNews May 17th news, the data released by market research firm CounterpointResearch today shows that the global TV market continued to be sluggish in the first quarter of this year, but Samsung Electronics' shipment volume and sales market share both ranked first globally.

Specifically, the shipment volume of the global TV market in the first quarter decreased by 4% year-on-year. Samsung Electronics ranked first with a 16% market share, followed by Hisense (10%) and TCL (10%). TapTechNews noticed that LG Electronics ranked fourth with a 9% share, but had a whopping 49% market share in the OLED TV market and ranked first, and Xiaomi TV ranked fifth globally with a 5% share.

In addition, the shipment volume of large-screen TVs over 70 inches increased by 28% year-on-year, among which Samsung Electronics ranked first with a 22% market share.

In the high-end TV (including QD-LCD, QD-OLED, WOLED, Mini-LED and Micro-LED TVs, etc., with a price of more than $2000) market, the market shares of Samsung Electronics (42%) and LG Electronics (18%) ranked the top two, driving the global shipment volume to increase by 15% year-on-year.