MMD Results Q1
According to the most current figures from the market analyst Context, the monitor market in Europe has entered its fifth year of consecutive growth since the Q1 of 2016. In the first quarter of 2020, the monitor market grew by 5%, compared to Q1 of 2019. Display specialists MMD (brand license partner of Philips monitors), owned by TPV – one of the world’s leading monitor and LCD TV manufacturers – grew by increasing its sales volume in an ever expanding and highly competitive market.
This growth has been made possible thanks to sustainable products and innovative solutions such as USB-C docking monitors (with 12.27% market share in this segment) with Ethernet connection, PowerSensor for reducing energy consumption, and pop-up webcam for increased security and ease of use with instant login via Windows HelloTM. Finally, SuperWide models were a big factor in MMD’s growth. In this 43” + 49” segment, Philips monitors hold the third place in the market.