S. Korea takes up 43.4% of global smart TV market in 2014: DisplaySearch

By Park Sae-jin Posted : April 13, 2015, 16:32 Updated : April 13, 2015, 16:32

 

South Korean tech giant Samsung Electronics took the No. 1 spot in the global smart TV market in 2014, with a 28.2 percent share, a market research firm said Monday.

Its compatriot, LG Electronics, ranked second with a 15.2 percent market share, according to DisplaySearch.

When combined, their market share stood at 43.4 percent, meaning that more than four of 10 smart TVs sold worldwide last year were produced by either Samsung or LG.

Japan's Sony came in a distant third with a 7.6 percent share, while HiSense Electric and Sky-worth Group, both of China, tied for fourth place with 6.7 percent.   

When it comes to ultra HD TVs, Samsung accounted for 34.7 percent of the market, followed by LG (14.3 percent), Sony (10 percent), HiSense (8.2 percent) and Sky-worth (6.3 percent).

In the flat TV market, Samsung's share reached an all-time high of 29.2 percent, compared with LG (16.7 percent), Sony (7.9 percent), HiSense (5.5 percent) and Chinese firm TCL Corp. (4.6 percent). 

DisplaySearch forecast that in 2015, global demand for smart TVs will exceed 97 million units, or 41.2 percent of the total demand for flat TVs.
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