Samsung Electronics Grabs Large LED TV Market Share in US

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Samsung's PAVV line of TVs is doing excellently in the market

Samsung Electronics has virtually dominated the LED TV market in the United States with a 94.8 percent market share in the first half of this year, up 17.6 percentage points year-on-year. This was disclosed by NPD, a market research agency, on July 30.

Samsung Electronics released new LED TV products, the 6000 and 7000 series, in March and an 8000 series 240㎐ TV product in April. This prompted the electronics giant to grab a more market share in the United States. As a result, its market share there was 76.4 percent in February, but increased to 90.5 percent in March, 96.4 percent in April, 96.7 percent in May, and 96.1 percent in June.

On the strength of the brisk sales of the LED TV, Samsung Electronics won a 50.5 percent share in terms of sales volume, but 54.2 percent in terms of revenues in the 120㎐/240㎐ LCD TV market.

Especially, Samsung topped the list in the entire US digital TV, LCD TV, 40-inch and wider LCD TV, and full HD LCD TV markets -- in terms of both sales volume and revenues during the first half of the year.