LG aims to secure 25 percent of world 3D TV market

Mar 25, 2010
President and Chief Technology Officer of LG Electronics, Dr. Woo Paik, speaks about 3D at a press event at the 2010 International Consumer Electronics Show at the Venetian, in January 2010, in Las Vegas, Nevada. LG Electronics said on Thursday it aims to secure a 25 percent share this year of the world's fast-growing 3D television market.

South Korea's LG Electronics said Thursday it aims to secure a 25 percent share this year of the world's fast-growing 3D television market.

The company announced its target after unveiling what it called the world's first full LED () 3D .

LG, the world's second-largest liquid crystal display TV maker by sales, also said it is targeting a 15 percent share of the global LCD TV market this year, up from around 12 percent last year.

"With an increased number of customers experiencing 3D technology and fast-rising 3D content, such as movies, sports and education as well as 3D-related devices, demand for such TVs is expected to grow rapidly (this year)," Havis Kwon, head of the firm's LCD TV division, told a news conference.

LG will increasingly bet on as it sees more growth potential in the segment, he said. It estimates that global demand for such TVs will reach 13 million sets next year and 83 million by 2014.

The firm said its new LED model would help the company in the 3D market.

Available in 47- and 55-inch versions, the LX9500 model uses an innovative backlight structure to deliver "spectacular pictures for the ultimate 3D experience", it said in a statement.

The new product also uses special glasses that are comfortable enough for viewers to wear for an extended period, LG said.

-- Dow Jones Newswires contributed to this report. --

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fourthrocker
not rated yet Mar 26, 2010
I wish journalists were educated on the subjects they write about. "The company announced its target after unveiling what it called the world's first full LED (light emitting diode) 3D flat panel television." Since there are many companies with LED LCD's now I would like to know what they mean by "first full LED". If the writer of this article knew his subject and had some intelligence he would have either explained that statement or written it correctly.
ElecMan08
not rated yet Mar 26, 2010
@ Fourthrocker. My assumption was that in the category of 3D flat panels (not the entire tv category), this is the first one fully made of LED's.