Omdia: LGE OLED TV shipments grew over 100% in 2021 to over 4 million units

Market research firm Omdia says that LG Electronics shipped over 4 million OLED TVs in 2021, more than double its shipments in 2020. In the fourth quarter alone, LGE shipped 1.41 million OLED TVs.

Omdia expects LG to double its shipments again in 2022 and reach sales of over 8 million TVs. The total OLED TV market, according to Omdia, was 6.5 million OLED TVs in 2021 (LGE holds a 62% market share).

The average selling price of OLED TVs was $1,860 in 2021, more than triple that of LCD TVs ($507). But the market share of OLED TVs is still small, only 3.2% (the total TV market was 213 million units in 2021).

Posted: Feb 22,2022 by Ron Mertens