LG Electronics poised to extend OLED TV market lead into 2025  

Quick Summary:

The Korean tech major aims to bolster its position in the premium TV market with upgrades to its proprietary webOS smart TV operating platform, its brighter OLED TV displays and an advanced wireless video transmission system.In total, LG shipped 5.09 million units of TVs in the first quarter, including liquid crystal display (LCD) models, capturing 15% of the global TV market by value.

The South Korean electronics giant shipped about 704,400 units of OLED TVs in the January-March quarter this year, capturing the largest 52.1% of the total global OLED TV market by volume, according to data from global technology industry tracker Omdia.Samsung Electronics Co.ranked second with 30.8%, followed by Sony Corp.at 7.1%.

At the current pace, the share of LG OLED TVs is expected to exceed 50% in the global premium TV market in 2025.NO.1 FOR 13 YEARS IN A ROW Buoyed by its stellar first-quarter performance, LG is doubling down on efforts to maintain its leadership in the global OLED TV market for a 13th straight year this year through both software and hardware enhancements.

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Category: Economy

Markets: South Korea

Topics: Year Demand Global Units Market Electronics Korean Shipments Premium Rising Oled

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-20 @ 15:46:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Korea Economic Daily

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