Taiwan TV makers' shipments are expected to reach 35.14 million in 2016, up 2.6% on year, to hold a 16.4% global share of the overall 215 million TVs estimated to ship in the year, according to Digitimes Research.
The 2.6% increase will come following a 5.6% decrease in 2015, prompted by order declines from Japan-based vendors as a result of weakening demand coupled with a decrease in orders from the Mexico government for 23.6-inch units.
Most vendors outside of North America and Japan are switching back to in-house production, while the TV market in Taiwan is limited, which is putting pressure on Taiwan makers. However, makers such as Vizio are benefiting from smart TV orders from China-based vendors including Xiaomi and LeTV, which is helping to drive demand.
In 2016, TPV is expected to see the strongest growth and remain in the top shipment spot followed by Foxconn Electronics due to orders from Mexico in addition to Sony as the vendor aims to increase its presence in the India market, said Digitimes Research.