North America and China TV Shipments Rise Ahead of Holidays, According to NPD DisplaySearch

Worldwide Shipments Slide With Decreased Demand in Japan and Western Europe

Sort Date: 11202012

Santa Clara, Calif., November 20, 2012—Despite a 7% Y/Y dip in global TV shipments, retail sales in North America have been steady, if not exciting, and unit shipments were up almost 3% in Q3’12 after posting small declines in 1H’12. The trend in the US market has been toward bigger and cheaper TVs, in the U.S. market lately, which is expected to be the focus during Black Friday this year.

“Procurement typically peaks at the end of Q3 for the upcoming holiday shopping season in the US. Since many retailers are focusing on big opening sales during Black Friday and promotions during pre-Black Friday, inventory has been building overtime to a level that will satisfy the demand,” observed Paul Gagnon, Director of Global TV Research for NPD DisplaySearch. “Based on the early promotional prices released ahead of Black Friday, retailers seem quite aggressive in starting the holiday season strong for TV sales.”

Worldwide TV shipments fell on a Y/Y basis for the fourth straight quarter, as demand in Japan and Western Europe fell sharply. TV shipments in Japan were down over 70% Y/Y for the second quarter in a row, while Western Europe shipments fell more than 15%. Flat panel TV growth in emerging regions were lower than expected, especially in Asia Pacific, where the Indian TV market looks to decline in Q3’12, due to little retail set price erosion.

TV shipments in China grew over 13% Y/Y in Q3’12 as set makers anticipated demand for TVs during the Golden Week holidays in October. Growth was also helped by the new energy efficiency rebate program that started in June. Both factors led Chinese TV makers to increase production. As plasma TV shipments continue to decline, LCD remains the dominant flat panel TV technology, capturing a 16% Q/Q increase in unit shipments. However, overall LCD TV unit sales fell in Q3’12, down 1% Y/Y. This marks three straight quarters of annual Y/Y shipment declines. Even with a growing share, the overall level of demand worldwide continues to fall in 2012, impacting LCD shipments. LED LCD TV shipments continue to climb, exceeding 70% of units and 80% of revenues for total global TV shipments. North America had the lowest LED and 3D shipment penetration of any region worldwide since these consumers are most interested in screen size and price. Large screen sizes also continue to have strong growth, with the average shipped TV size increasing more than 6% to 35.8”—the highest growth yet.

Table 1: Q3’12 Worldwide TV Shipments by Technology (000s)

Technology

Q3'12
Units

Q3’12
Unit Share

Q/Q
Growth

Y/Y
Growth

LCD TV

51,088

88.0%

16%

-1%

PDP TV

3,332

5.7%

6%

-20%

OLED TV

0

0.0%

-

-85%

CRT TV

3,647

6.3%

-16%

-43%

RPTV

9

0.0%

-40%

-59%

Total

58,076

100%

12%

-7%

Source: NPD DisplaySearch Advanced Quarterly Global TV Shipment and Forecast Report

Only Samsung and LGE only brands toGrow FPD TV Revenues Y/Y Among Top 5

Both Samsung and LGE increased global flat panel TV revenues Y/Y by 3% and 1%, respectively, remaining the top 2 brands overall. Samsung’s share was down slightly from Q2’12, but it was still more than 10% higher than LGE’s share. The top 3 Japanese brands saw revenues decline at a double-digit pace from last year, although Sharp enjoyed a strong boost to its revenue share from Q2’12 to Q3’12. Overall, Chinese brands captured a lot of market share in Q3’12 due to the seasonal brand shift to China ahead of the Golden Week holidays.

Table 2: Q3’12 Worldwide Flat Panel TV Brand Ranking by Revenue Share

Rank

Brand

Q2'12
Share

Q3'12
Share

Q/Q
Growth

Y/Y
Growth

1

Samsung

28.2%

25.2%

-3%

3%

2

LGE

15.2%

14.0%

1%

1%

3

Sony

8.4%

7.0%

-10%

-34%

4

Sharp

5.0%

6.5%

42%

-18%

5

Panasonic

6.8%

6.2%

-1%

-30%

 

Other

36.4%

41.1%

23%

-1%

 

Total

100.0%

100.0%

9%

-6%

Source: NPD DisplaySearch Advanced Quarterly Global TV Shipment and Forecast Report

In-depth TV market intelligence can be found in the NPD DisplaySearch Advanced Quarterly Global TV Shipment and Forecast Report, covering panel and TV shipments, TV shipments by region, brand, size, resolution, frame rate and backlight type for nearly 60 brands, rolling 16-quarter forecasts, TV cost/price forecasts and design wins. For more information on this report, please contact Charles Camaroto at 1.888.436.7673 or 1.516.625.2452, e-mail contact@displaysearch.com or contact your regional NPD DisplaySearch office in China, Japan, Korea or Taiwan.

About NPD DisplaySearch
Since 1996, NPD DisplaySearch has been recognized as a leading global market research and consulting firm specializing in the display supply chain, as well as the emerging photovoltaic/solar cell industries. NPD DisplaySearch provides trend information, forecasts and analyses developed by a global team of experienced analysts with extensive industry knowledge. In collaboration with The NPD Group, its parent company, DisplaySearch uniquely offers a true end-to-end view of the display supply chain from materials and components to shipments of electronic devices with displays to sales of major consumer and commercial channels. For more information on DisplaySearch analysts, reports and industry events, visit us at www.displaysearch.com/. Read our blog at www.displaysearchblog.com/ and follow us on Twitter at @DisplaySearch.

About The NPD Group, Inc.
The NPD Group is the leading provider of reliable and comprehensive consumer and retail information for a wide range of industries. Today, more than 2,000 manufacturers, retailers, and service companies rely on NPD to help them drive critical business decisions at the global, national, and local market levels. NPD helps our clients to identify new business opportunities and guide product development, marketing, sales, merchandising, and other functions. Information is available for the following industry sectors: automotive, beauty, entertainment, fashion, food, home and office, sports, technology, toys, video games, and wireless. For more information, contact us or visit www.npd.com/ and www.npdgroupblog.com/. Follow us on Twitter: @npdtech and @npdgroup.

An NPD Group Company
X

Client Login


Forgot your password?
Become a Client

Contact a DisplaySearch representative today and learn how our in-depth display-related research can benefit your organization.

Contact us now!