LCD TV Shipments Double Year-Over-Year

Global LCD TV unit shipments increased 99% from Q3 '05 to Q3 of this year to a record high 10.8 million units, according to market research firm DisplaySearch. That figure represents just under one-quarter of the worldwide TV market and is a 15% jump from Q2 of this year. By comparison, plasma shipments increased 4% from last quarter. China led the way in LCD growth, up 66%, followed by North America at 35%. 1080p share of LCD TV shipments doubled from 2% in Q2 to 4% in Q3.

Samsung is the LCD market leader, with just over a 13% market share. Sharp is next at just under 13%, followed by Philips, Sony and LG Electronics. The top 5 LCD manufacturers account for 66% of the worldwide LCD market, compared to the top 5 plasma makers comprising 80% of the plasma market.

In perhaps the most interesting statistic DS released, Sony comes in fourth in LCD TV unit market share, at 11.1%. However, Sony is second in revenue share, with 15.2%. Apparently Sony is doing an impressive job convincing consumers that its LCD TVs are worth a price premium over its competitors.