'Global LED TV market to grow 50 times in 5 years'
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Seoul: The global market for light-emitting diode (LED) TVs will grow 50 times to more than 200 million units in 2014 when eight out of every 10 TVs sold worldwide is expected to be a LED TV, a report by a research company has shown. The study by DisplaySearch, a research and consulting firm, showed the international market for LED TVs will grow to more than 37 million units this year. The market will again more than double in 2011 to some 92 million units. More than 210 million units will be sold worldwide in 2014, marking a 50-fold increase in sales in just five years since the world's first LED television was introduced by South Korea's Samsung Electronics Co in 2009, it said.
Source: PTI
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