LG claims top market share in global LED monitors

LG’s local reps just shared some interesting news about the Korean electronics giant. Seems that they managed to make a huge leap in terms of sales of LED monitors, from 1 percent of the market share in 2009 to 18 percent in 2010, accounting for about 2.92 million of 16.68 million LED LCD monitors sold around the world – according to global market research firm DisplaySearch.

“This represents a strong endorsement of LG’s drive to increase investment in R&D over the last 12 months,” said Si-hwan Park, Vice President of the Monitor Division at LG’s Home Entertainment Company. “The reason for our success is simple: We’ve focused on listening to our customers and then innovating around those needs. To keep on growing our market share, we’re going to be moving strongly into CINEMA 3D monitors in the near future.”

With LED LCD monitors’ share of the overall monitor market expected to grow to 30 percent this year from 10 percent last year, LG is aiming to secure 20 percent of this fast-growing sector. As it pushes hard to consolidate its No. 1 position in the global LED LCD monitor market, LG will be placing a particular focus on products with its In-Plane Switching (IPS) panels, sophisticated, slim design and CINEMA 3D monitors.