Yes, you heard that right, the South Korean giant has been a pioneer in the TV industry for a long and its dominance globally is extraordinary. As per the latest report from ITHome, the statistics from market research agency Omdia have reported that in the global TV market of 2022 Samsung Electronics had a healthy 29.7% market share.
Samsung becomes the No. 1 TV brand globally for 17 years!
The most surprising fact is that if you talk about the high-end TV market above $2,500, Samsung has an astonishing share of 48.6%. This is primarily because of its flagship series like Neo QLED, new QD-OLED and other flagship televisions, also it is a pioneer when it comes to 8K resolution TVs as well.
Also, in the 75-inch and larger screen TVs market, Samsung held a 36.1% market share, now when it comes to the gigantic 80-inch and above large TV market, the South Korean giant again has a healthy lead of 42.9% market share. As per the report, the trend says in the bigger TV market, Samsung continues to show its dominance as more brands place orders for their TVs which are getting better each year.
Developing its own panel obviously helps Samsung to control pricing and maintain high profits, so, over the years, its revenue from manufacturing displays is seeing no slowing down. Also, the continuous innovation the brand is doing in terms of displays in the TV industry alongside the tablet, smartphone and accessories display sector is remarkable.
With its constant innovation and market expertise, apart from its feud with LG over OLED, Samsung has been the undisputed king for years now. It’s said that the brand is able to maintain the number one position in the global TV market for 17 consecutive years, which in itself is one of the hardest things to achieve.
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