The global market for tech goods like TVs and computers has shrunk during the poor globally economy in many categories. Thankfully, the economy is starting to recover. The latest numbers from DisplaySearch for the global TV market confirm that recovery is underway.
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The global shipments of TVs rose 25% compared to the same quarter last year. Increase in many regions was as much as 50%. Over the quarter 55 million TVs were shipped total and LCD TVs alone shipped 44 million units.
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World Cup games in Europe helped drive a 33% increase in shipments for the quarter. LCD sets continue to be the most popular technology with 74.1% of the market. Plasma sets have 6.2% of the market and OLED sets hold less than 1% of the market. CRT TVs still have 19.6% of the TV market.