LCD manufacturers global share - additional information
In 2017, Samsung was the market leader in the manufacture of LCD TVs in terms of its share of global shipments. The South Korean company held over 20 percent of worldwide LCD shipments in 2017, eight percent more than the share of its closest competitor, LG Electronics. As a result of Samsung’s continued success in this market, as well as its significant share in the smartphone market, the company’s global revenue exceeded 200 billion U.S. dollars for the first time in 2013.
Although Sony remains amongst the largest LCD manufacturers, it has seen its market share more than halve from 13.7 percent in 2008 to 5.6 percent in 2017. Yet LCD TVs remain a key segment, which was the second largest sector for Sony in its consumer electronics business segment.
Sales of LCD TVs worldwide were worth 106 billion U.S. dollars in 2016, a figure that is projected to fall to 102 billion dollars by 2017. Asia/Pacific was the largest market for LCDs as over 74 million units were expected to be sold in the region in 2013 China alone accounted for 42.5 million of these units. This meant that almost 20 percent of all LCD TVs sold worldwide throughout the year were sold in China. North America was the second largest market for LCDs as 41.8 million units were sold there in 2013, 33.7 million of which were purchased in the United States.