South Korea’s tech giant Samsung Electronics Co. became the top maker of Large Format Displays for the fifth consecutive year in 2013.
Samsung had 26.3 percent of the world’s LFD market through the third quarter of 2013, more than double the 10.4 percent posted by No. 2 player NEC Display Solutions Ltd. from Japan, the data compiled by DisplaySearch showed.
LG Electronics Inc., Samsung’s smaller South Korean rival, accounted for 5.8 percent over the cited period, trailed by Sharp Corp. and Philips with 4 percent and 2.5 percent, respectively.
LFD refers to panels used for digital signage for advertisements and any product requiring visual effects such as menu boards at restaurants and interactive whiteboards used at offices.
The combined shipment of LFDs came to 2.2 million units for entire 2013, edging up from the 2.15 million tallied in 2012, the researcher said, adding the figure is expected to advance 17 percent to reach 2.5 million units this year.
DisplaySearch said the shipment of LFDs will likely expand to 3.4 million units and 4 million units in 2015 and 2016, respectively.
The size of the world’s LFD market is estimated at $4.4 billion this year, up 20 percent from $3.7 billion tallied in 2013, it added.