Competition from China’s top tier TV makers is on the rise as TCL and Hisense rank as the second and third largest panel purchasers with a 24% market share in 1Q23, indicating the market is favoring Chinese panel makers, reveals Omdia’s TV Display & OEM Intelligence Service. Previously at 22% in 2022, the latest combined market share for TCL and Hisense follows a historical four-year average with a total purchasing share of 19%.

Source: Omdia: Market favors China panel makers as TCL and Hisense fortify LCD TV panel purchase power | Light Reading