The global TV market that has seen lackluster sales this year due to the US-China trade dispute and overall market downturn is expected to pick up next year, according to industry watchers.
TV sales usually peak in even-number years when major sports events are held. Tokyo Summer Olympics 2020 is scheduled for July-August.
According to global market research firm IHS Market, the delivery and sales of TVs worldwide in 2020 are expected to grow by 4 percent and 2 percent on-year, respectively.
South Korea’s major firms Samsung Electronics and LG Electronics are each bracing to aggressively target the premium 8K resolution, large-screen sector.
The two firms have been competing with each other, touting the superior technology of their respective premium TVs.
8K resolution refers to display resolution with a width of approximately 8000 pixels, the highest resolution defined so far.
(
khnews@heraldcorp.com)
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