In the constantly changing world of entertainment and technology, television continues to be a vital component of media consumption worldwide. The television industry has changed significantly from the early days of black-and-white transmissions to today's smart TVs and 4K Ultra HD. The businesses that have led innovations, established trends, and enthralled audiences around the globe are at the center of this change. The top ten TV firms that have not only controlled the market but also revolutionized the viewing experience for millions of households are examined in this article.
Businesses are more than just producers; they are innovators influencing television's direction. Each offers something different, from hiring thousands of committed workers to reaching remarkable market values.
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- Samsung Electronics
- LG Electronic
- TCL Technology
- Sony Corporation
- Hisense
- Xiaomi
- Skyworth
- VIZIO
- Panasonic
- Philips
1. Samsung Electornics
- Employees:
Approximately 287,439
- Founder: Lee
Byung-Chul, born February 12, 1910
- Net Worth: $386.9
billion (market cap as of January 2024)
- Market Share: 19.8%
- Headquarters: Suwon,
South Korea
With multiple affiliates and subsidiaries, such as Samsung Medison, Samsung Telecommunications, SmartThings, and Harman International, the corporation has a huge global footprint. Another significant force in the semiconductor sector is Samsung Electronics, which briefly overtook Intel as the world's biggest semiconductor business between 2017 and 2018.
Samsung keeps up its leadership in the technology sector by innovating and diversifying its product line.
- Latest TV Model: Samsung S90C OLED
2. LG Electronics
- Employees:
Approximately 75,000
- Founder: Koo
In-hwoi, born August 27, 1906
- Net Worth: $16.8
billion (market cap as of January 2024)
- Market Share: 12.8%
- Headquarters: Seoul, South Korea
The company's long history of technological innovation began when it produced the first refrigerators, televisions, and radios in Korea. A vast array of consumer electronics and household appliances, including vacuum cleaners, air conditioners, and washing machines, have been added to LG's product selection over the years.
Known for its OLED and NanoCell TV technology, LG Electronics is a market leader in the television industry worldwide. The company's OLED TVs are especially well-known for their vivid colors, deep blacks, and excellent picture clarity. Additionally, LG provides a selection of smart TVs with cutting-edge capabilities like AI ThinQ, which enables voice control of the TV and other smart home appliances.
- Latest TV Model: LG 55UR7500PSC 4K Ultra HD Smart LED TV
3. TCL Technology
- Employees:
Approximately 75,000
- Founder: Li
Dongsheng, born July 1957
- Net Worth: $10.5
billion (market cap as of January 2024)
- Market Share: 11.5%
- Headquarters:
Huizhou, China
TCL Technology, originally known as Telephone Communication Limited, is a Chinese multinational electronics company headquartered in Huizhou, Guangdong. Founded in 1981, TCL has grown to become one of the world's leading consumer electronics manufacturers. The company develops, manufactures, and sells a wide range of products, including television sets, mobile phones, air conditioners, washing machines, refrigerators, and small electrical appliances.
TCL is particularly renowned for its television sets, being the second-largest television manufacturer by market share in 2022 and 2023. The company has made significant advancements in display technology, including the introduction of the world's first 6.7-inch AMOLED rollable display and the world's first 17-inch printed OLED scrolling display2. TCL's product lineup includes Mini LED, QLED, and 4K UHD TVs, which are known for their high-quality displays and innovative features.
- Latest TV Model: TCL 6-Series 4K QLED TV
4. Sony Corporation
- Employees:
Approximately 111,700
- Founders: Masaru
Ibuka (born April 11, 1908) and Akio Morita (born January 26, 1921)
- Net Worth: $135.6
billion (market cap as of January 2024)
- Market Share: 4.1%
- Headquarters: Tokyo,
Japan
Sony offers a variety of products, such as game consoles, cellphones, cameras, audio equipment, and televisions. The business is most known for its PlayStation game consoles, which, since the 1994 release of the first PlayStation, have grown to be a mainstay of the gaming market. The Bravia series of televisions from Sony is also well-known for its cutting-edge picture quality and display technology.
In the entertainment industry, Sony has a significant film studio, Sony Pictures Entertainment, as well as one of the biggest music entertainment organizations in the world, Sony Music Entertainment. These divisions greatly increase Sony's earnings by creating and distributing a vast array of movies, TV series, and music.
With a commanding market position in the worldwide image sensor market, Sony is also a top producer of image sensors.
- Latest TV Model: Sony KD-75X82L 4K Ultra HD Smart LED TV
5. Hisense
- Employees:
Approximately 75,000
- Founder: Zhou
Houjian, born 1957
- Net Worth: $8.7
billion (market cap as of January 2024)
- Market Share: 8.7%
- Headquarters:
Qingdao, China
Hisense is mostly recognized for manufacturing televisions; in the first half of 2023, it ranked fourth globally in terms of market share and was the biggest TV manufacturer in China since 2004. The company manufactures a variety of household appliances and consumer gadgets, such as refrigerators, air conditioners, washing machines, and cell phones.
With facilities in China, the US, Germany, Slovenia, Israel, and other nations, Hisense runs 14 industrial parks and 18 research and development facilities globally. The corporation has 64 abroad companies and offices for localization operations, and it employs over 80,000 individuals worldwide.As an original equipment manufacturer (OEM), Hisense also manufactures goods for other businesses under unaffiliated brand names.
- Latest TV Model: Hisense 50A6K 4K Ultra HD Smart LED Google TV
6. Xiaomi
- Employees:
Approximately 22,074
- Founder: Lei Jun,
born December 16, 1969
- Net Worth: $54.1
billion (market cap as of January 2024)
- Market Share: 6.1%
- Headquarters:
Beijing, China
Xiaomi has a devoted following of customers thanks to its business strategy, which centers on offering premium goods at fair rates. Through inventory optimization and the use of flash sales to keep inventory levels low, the company maintains prices that are near to manufacturing costs. Xiaomi has been able to increase its global footprint in more than 100 countries and regions thanks to this strategy.
Xiaomi's position in the international market was further cemented in 2018 when it was listed on the Main Board of the Hong Kong Stock Exchange. Additionally, the business has been listed on the Fortune Global 500 list for a number of years running, which attests to its quick expansion and success.- Latest TV Model: Xiaomi 43 inches X Series 4K Ultra HD Smart Google TV
7. Skyworth
- Employees:
Approximately 40,000
- Founder: Huang
Hongsheng, born 1957
- Net Worth: $3.2
billion (market cap as of January 2024)
- Market Share: 3.2%
- Headquarters:
Shenzhen, China
With a variety of smart appliances and Internet of Things solutions, Skyworth is a major player in the smart home industry as well. Coocaa, the company's smart home ecosystem, combines a number of smart appliances and gadgets to give users a smooth and integrated home experience. The smart home solutions from Skyworth are an essential component of contemporary life since they are made to improve security, efficiency, and convenience.
With activities in more than 100 nations and regions, the corporation has a significant global footprint. With multiple honors and recognitions throughout the years, Skyworth's products are well known for their excellence, dependability, and cutting-edge features. The company's numerous efforts to lessen its impact on the environment and promote community development demonstrate its dedication to sustainability and corporate social responsibility.
- Latest TV Model: Skyworth 55G3A 4K OLED TV
8. VIZIO
- Employees:
Approximately 500
- Founder: William
Wang, born 1958
- Net Worth: $3.1
billion (market cap as of January 2024)
- Market Share: 3.1%
- Headquarters:
Irvine, California, USA
VIZIO has a strong commitment to customer satisfaction, earning positive reviews and awards for its products and customer service. The company believes in providing value-focused entertainment, ensuring that quality technology is accessible to everyone. VIZIO's dedication to innovation and customer experience has helped it build a loyal customer base and a strong reputation in the market.
The company has a significant presence in North America, with offices in various locations, including Denver, New York, Dallas, and Seattle. VIZIO employs over 900 people and continues to grow, driven by its mission to create smart, innovative, and entertainment-focused products.
In recent years, VIZIO has expanded its offerings to include
free ad-supported streaming channels through its WatchFree+ service, further
enhancing the entertainment options available to its users. The company's
vision is to bring the best technology and entertainment experience to all,
maintaining its position as a leader in the consumer electronics industry.
- Latest TV Model: VIZIO M-Series Quantum 4K HDR Smart TV
9. Panasonic
- Employees:
Approximately 240,198
- Founder: Kōnosuke
Matsushita, born November 27, 1894
- Net Worth: $32.9
billion (market cap as of January 2024)
- Market Share: 2.9%
- Headquarters:
Kadoma, Osaka, Japan
Panasonic is steadfast in its support of corporate social responsibility and sustainability. The business has taken a number of steps to lessen its influence on the environment, including employing eco-friendly materials in its goods and utilizing less energy during production. Panasonic GREEN IMPACT, the company's long-term environmental ambition, seeks to significantly lower CO2 emissions and advance a greener world.
The corporation employs more than 230,000 people worldwide and works in more than 100 nations and regions. Over the years, Panasonic has received multiple honors and acclaim for its unique features, quality, and dependability.
Providing cutting-edge automotive systems and components, Panasonic is a significant player in the automotive sector.
- Latest TV Model: Panasonic JZ2000 4K OLED TV
10. Philips
- Employees:
Approximately 80,000
- Founder: Gerard
Philips, born October 9, 1858
- Net Worth: $25.7
billion (market cap as of January 2024)
- Market Share: 2.7%
- Headquarters: Amsterdam, Netherlands
The three primary business segments of Philips today are Personal Health, Connected Care, and Diagnosis & Treatment. MRI, CT, and ultrasound scanners are among the medical devices produced by the Diagnosis & Treatment division1. Under the Respironics brand, the Connected Care segment specializes in respiratory care and patient monitoring products. The Personal Health segment manufactures Avent childcare devices, Sonicare electric toothbrushes, and electric shavers.
Philips is dedicated to corporate social responsibility and sustainability. By 2030, the corporation wants to enhance the lives of 2.5 billion people annually, 400 million of whom would live in underprivileged areas. About 9% of Philips' sales in 20232 were allocated to research and development, demonstrating the company's significant investment in this area. The business has been acknowledged as a leading inventor in the MedTech sector and possesses about 53,000 patent rights.
- Latest TV Model: Philips 65OLED936/12 4K OLED TV
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