- Electronics Brands
The 8 Largest Television Set Producers In The World
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The largest television set producer in the world is Samsung, with a revenue of $224.76 billion.
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As of 2026, the global TV industry has a market size of $240 billion.
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There are at least 120 million TVs in households across the U.S.
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The global TV market is projected to grow at a CAGR of 1.5% through 2030.
In the early days of television, viewers had limited choices, with only a few shows and stations like NBC and CBS dominating the landscape. Back then, televisions were bulky, housed in large cabinets, and offered poor picture quality.
Fast forward to today, where televisions are sleek, large, and equipped with stunning high-definition images that enhance the viewing experience. They are WiFi-enabled, and the variety of channels, shows, and streaming services available is unimaginable compared to the 1950s.
As technology has evolved, so have the companies producing these television sets. The television industry has seen rapid shifts, with many once-prominent brands disappearing from the market. This list reflects the current largest television producers, though it may lack some familiar names from the past.
8 Biggest Television Companies in the World
Technology is a global industry, and it’s no surprise that the United States has fallen behind several other countries that lead in television manufacturing. In fact, there is only one American company on this list.
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2022 Annual Revenue: $224.76 billion
A true leader in television technology, Samsung Electronics is the world’s second-largest manufacturer of consumer electronics by revenue. Samsung produces a range of products, including cellphones, batteries, tablets, memory chips, and televisions. This South Korean conglomerate has a presence in nearly every home.
Samsung excels in the television market due to its expertise in screen technology. They are the world’s largest manufacturer of OLED screens, delivering exceptional resolution through organic light-emitting diodes. Moreover, they have pioneered advancements in LCD technology, including ultra-thin panels and curved displays, and they were the first to launch internet TV in 2007.
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2022 Annual Revenue: $88.30 billion
Sony has remained a leader in the television sector for decades. Originally gaining fame in the U.S. through its transistor radios, Sony introduced the world’s first all-transistor television in 1959. Popular models include Trinitron, WEGA, and BRAVIA.
Although Sony held the top market share for many years, it lost this position in 2006. Despite ongoing restructuring and strategic acquisitions, Sony maintains its reputation in the television industry.
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2022 Annual Revenue: $64.90 billion
LG Electronics, part of LG Corporation, is another South Korean powerhouse. With diverse business units, it has maintained its status as the second-largest LCD television manufacturer since 2008. LG’s innovation includes the introduction of the LG Smart TV and unique products like mosquito-repelling TVs in India.
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2022 Annual Revenue: $65.76 billion
While Panasonic remains a popular brand, it ceased selling TVs in the U.S. back in 2016, focusing instead on other electronic products. Initially known as Matsushita Electric, Panasonic has a rich history but has shifted its focus to more lucrative segments, such as Li-ion batteries.
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2021 Annual Revenue: $27.20 billion
Hisense, a state-owned Chinese electronics company, is making waves in the TV market. They entered the U.S. market in 2015 and have since gained traction, recently rebranding their products under the Hisense name instead of Sharp.
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2022 Annual Revenue: $25.30 billion
TCL, a Chinese company, is rapidly growing in the U.S. market, having sold over 32 million TV sets globally last year. They manufacture all components in-house, allowing for higher quality control and cost efficiency.
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Skyworth
2022 Annual Revenue: $7.60 billion
Skyworth, another Chinese company, is known for its television and audio-video products. With plans to expand into the U.S. market, they are focusing on smart TVs and could gain recognition in the coming years.
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Vizio
2021 Annual Revenue: $1.86 billion
Vizio is the only American company on this list. Founded in 2002, Vizio became known for its affordable HDTVs. Although it faced potential acquisition, the deal fell through, and Vizio has continued to innovate in the smart TV space with products like SmartCast TV.
Television Set Producers FAQ
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Which manufacturer sells the most TVs?
Samsung sells the most TVs in the world. With a revenue of $224.76 billion, Samsung is a dominant player in the electronics industry. In 2022, they sold 9.65 million units of QLED and Neo QLED TVs, achieving a 36.1% market share for TVs over 75 inches.
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Which country makes the most TV sets?
China makes the most TV sets. It is estimated that China has produced over 400 million TV sets, followed by the United States and Japan.
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Author
Kristin Kizer is an award-winning writer, television and documentary producer, and content specialist who has worked on a wide variety of written, broadcast, and electronic publications. A former writer/producer for The Discovery Channel, she is now a freelance writer and delighted to be sharing her talents and time with the wonderful Zippia audience.
