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Global LED TV sales to hit record in 2011

Press Trust of India  |  Seoul 

LED TV model

Global shipments of light-emitting diode (LED) TVs will likely surpass a record 100 million units this year as more consumers choose them over liquid crystal display (LCD) TVs, a report showed Wednesday.

Total worldwide sales of LED TVs are expected to grow nearly three-fold on-year to 108.5 million units this year, up from 39.9 million units the previous year, according to the report by DisplaySearch.

In contrast, sales of LCD TVs are projected to dip to 108.4 million units from last year's 151.6 million units, the report said. The rise in LED TV shipments will mark the first time LED TV sales surpass those of LCD TVs.

Shipments of are forecast to increase nearly 10-fold from a year ago to reach 22 million units, the report showed.

The overall growth of the world's flat-screen TV market, meanwhile, is expected to slow to 235.3 million units this year, according to DisplaySearch.

The global has rapidly grown in recent years with 2009 sales reaching 159.6 million units and 2010 sales totaling 210 million units.

Last year, South Korea's and led the world's Samsung's market share stood at 18.7%, followed by LG with 13.1%.

First Published: Wed, March 23 2011. 13:49 IST