China Overtake North America As World’s Largest LCD TV Market

[Smokey]

North America is no longer the largest market for sales of LCD TV displays in the world. The throne now belongs to China, according to the most recent data from Korean market research and consulting firm Displaybank.

It revealed that in 2010, the demand for LCD TVs in China stood at 39 million units, constituting 21% of the worldwide market share. As a result, the region has surpassed North America (which claimed a 19% share last year) as the world’s biggest LCD TV market.

Local TV manufacturers dominated the scene in China: the top six Chinese companies – Haier, Konka, Changhong, Skyworth, TCL and Hisense – made up three-quarters of the total LCD TV market share in China.

In terms of supplying LCD panels to these six Chinese TV brands, Taiwanese corporation Chimei Innolux led with a 32% share, followed by Korean HDTV manufacturers LG and Samsung at 21% and 18% respectively.