UHD TV market is set to zoom for Korean, Chinese firms

Home > Business > Industry

print dictionary print

UHD TV market is set to zoom for Korean, Chinese firms

Global shipments of ultra high-definition TVs will sharply increase to 14.5 million this year from 2 million last year, according to global market research agency IHS yesterday.

Two Korean manufacturers, Samsung Electronics and LG Electronics, accounted for 46 percent of global shipments of UHD TVs in May, IHS said. The share is more than 45 percent for the six Chinese makers combined: Changhong, Haier, Hisense, Konka, Skyworth and TCL.

“Chinese TV brands are popular in their own country but not overseas, and the challenge facing them if they wish to increase global market share is to boost quality, not just rely on lower pricing,” IHS said in a release.

Jusy Hong, principal analyst for consumer devices at IHS, said that Chinese makers will lead the growth of the TVs in the second half of the year.

As of May, 9 percent of the liquid-crystal-display TVs made by Chinese companies were UHD TVs, IHS said. It was 5 percent for Korean companies and 2 percent for Japanese companies, it said.

More in Industry

Eastar Jet's pilot union pushes for receivership of airline

ITC agrees to review its decision in Botox dispute

Hyundai Motor and union come to a wage freeze deal

Samsung Biologics signs supply deal with AstraZeneca

Tesla to increase battery cell purchases from suppliers including LG

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now