(MENAFN- QNA) South Korean tech giants Samsung Electronics Co. and LG Electronics Inc. are expected to sell a combined 81.5 million liquid crystal display (LCD) TVs this year, taking up about 38% of the global market, a market tracker said Sunday.
Samsung, also the world's largest smartphone maker, will likely ship 48 million units of LCD TVS this year worldwide, up 11% from the previous year, South Korean News Agency (Yonhap) reported Display Search as saying.
LG, Samsung's domestic rival, is forecast to sell 33.5 million LCD TVs in the global market in 2015, up 15% from a year earlier.
The combined market share of Samsung and LG, the top two global sellers of LCD TVs, is likely to reach 37.5% this year, compared with 34.8% last year, Display Search said.
Their share of the global LCD TV market has been on the rise in recent years with the figure coming to 30% in 2010, 30.8% in 2011 and 33.2% in 2012.
Display Search said Samsung and LG have raised their LCD TV sales targets this year amid strong shipments of some models.
TCL of China will likely become the world's third-largest vendor of LCD TVs this year with 14.3 million units, followed by Sony of Japan with 12.5 million units, Display Search said.
In terms of revenue, the two companies are expected to chalk up a combined LCD TV market share of more than 45% this year, it added.
A total of 217 million LCD TVS are expected to be sold across the world this year, up about 5% from the previous year, according to Display Search.
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