A QLED TV by Samsung Electronics (Samsung Electronics)

By Min Yea-Ji and Yoon Sojung

Samsung Electronics took the top spot on the world TV market last year, followed by No. 2 LG Electronics.

Market research tracker Omdia on Feb. 20 said Samsung last year accounted for 29.5% of sales revenue on the global TV market and LG was second with 18.5%. Their combined market share was an estimated 48%, almost half of the market.

Based on the number of units sold, Samsung held 19.8% of the world TV market last year. The company has topped the rankings for 16 consecutive years starting from 2006.

Last year alone, Samsung sold 9.43 million units of its quantum dot light-emitting diode (QLED) TV, its premium product line. Since their launch in 2017, QLED screens have seen sales of 26 million units over the last five years. Thanks to this robust performance by QLEDs, Samsung's market share of sales revenue was 10 percentage points higher than that of its sales volume.

"The driving force behind remaining at the top for 16 years is 'innovation DNA,' which continuously releases products that change the flow of the TV market every year," the company said.

LG Electronics' annual shipping volume of organic light-emitting diode (OLED) TVs last year was an estimated 4,048,000 units, double that of 2020 and accounting for 62% of the global OLED TV market.

The company also posted its highest market share in history of 18.5% on the global TV market based on sales revenue.

Meanwhile, the world TV market last year saw shipping volume of an estimated 213,537,000 units, down 11,932,000 from 2020, its lowest figure since 2010.

An OLED TV by LG Electronics (LG Electronics)