Digital TV News: LG Electronics

EMEA Smart Home market expected to rebound in 2H 2020
Oct 12, 2020 – The smart home market in EMEA declined 7.2% in the second quarter of 2020, compared to the same period of the previous year, according to IDC. The market accounted for 20.287 million units between April and June.
News categories: IDC, Antonio Arantes, Jan Prenosil, Digital TV, Europe, Market Research, Smart Home

Record single-quarter TV shipments in 3Q 2020
Oct 8, 2020 – A 20% increase in TV demand in North America, as well as deferred shipments from 1H20 due to the COVID-19 pandemic, added to the third-quarter cyclical upturn, according to TrendForce.
News categories: TrendForce, COVID-19, Digital TV, Market Research, Smart TV, Worldwide

Global TV streaming device population reaches 1.1 billion
Sep 2, 2020 – The global population of TV and video streaming devices has now exceeded 1.1 billion, according to Strategy Analytics. The research finds that Samsung is the leading brand, followed by Sony, LG, Hisense, TCL and Amazon.
News categories: Strategy Analytics, David Watkins, David Mercer, Digital TV, Market Research, OTT, Set Top Box, Smart TV, Worldwide

LG transfers TV manufacturing capacity to Indonesia
May 20, 2020 – LG has announced that, as part of expanding its TV business, its Cibitung facility in Indonesia will become the company’s new regional hub, taking over two of the six production lines currently running in Gumi, South Korea.
News categories: LG Electronics, Digital TV, Indonesia, Smart TV, Worldwide

Advanced TV revenues to reach $26bn by 2025
Apr 27, 2020 – Advanced TV revenues are forecast to grow at a 9% rate from 2019 to 2025 to $26 billion, according to DSCC. Advanced TV is any TV with advanced display technology, including OLED TVs, 8K LCD TVs and LCD TVs with quantum dot technology.
News categories: DSCC, Digital TV, Market Research, Smart TV, Worldwide

BritBox app launches on LG Smart TVs
Apr 3, 2020 – BritBox has announced that Britbox is now available on LG Smart TVs manufactured from 2014. BritBox will be adding support for other Freeview Play Smart TVs and YouView devices in the next few months.
News categories: BritBox, LG Electronics, Reemah Sakaan, Carolyn Anderson, Apps, Digital TV, OTT, Smart TV, UK

Movies Anywhere app comes to LG Smart TVs
Mar 27, 2020 – LG Electronics USA and Movies Anywhere have announced the arrival of the Movies Anywhere app on LG Smart TVs. Movies Anywhere lets users enjoy their purchased or redeemed digital movies combined in one simplified, personal collection.
News categories: LG Electronics, Movies Anywhere, Apps, Digital TV, OTT, Smart TV, USA

COVID-19 pandemic to reduce global TV brand shipments by 5.8% in 2020
Mar 27, 2020 – In Q1 2020, the TV industry was under pressure both on the production and demand sides. TrendForce has reduced its expectation of global shipments for Q1 2020 to 44.6 million units, down by 8.6% from the pre-COVID-19 prediction.
News categories: TrendForce, COVID-19, Digital TV, Market Research, Smart TV, Worldwide

India TV shipments climb to a record 15 Million units in 2019
Mar 17, 2020 – Shipments of TVs in India grew 15% annually to reach a highest-ever 15 million units in 2019, according to Counterpoint. The growth is mainly driven by budget smart TVs with 32" TVs the leading segment and penetrating sub-US$150 price bands.
News categories: Counterpoint, Karn Chauhan, Debasish Jana, Digital TV, India, Market Research, Smart TV