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Big screen TV panels to exceed 50% of global market in 2017

IANS  |  Seoul 

TVs with 50-59 inches display panels are expected to account for more than 50 per cent of the global TV market this year, industry data showed on Monday.

According to the data compiled by industry tracker IHS, the share of such big-screen TVs is forecast to reach 51.7 per cent this year, exceeding the estimated share of 35.3 per cent by models with 40-49 inch panels.

After the 50-59 inches segment, 60-69 inches TV panels have great potential to become the next mainstream size, with a market share of 20.4 per cent by 2020, Yonhap news agency cited IHS as saying.

The market share of the 40-49 inches products, meanwhile, is forecast to decrease from 29.8 per cent in 2018 to 28.6 per cent in 2020, the data showed.

--IANS

sku/na/vt

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 19 2017. 16:32 IST
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