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AOC and Philips monitors increase their market volume

Tags: AOC, Philips (AMS:PHIA)

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PRESS RELEASE

Amsterdam, 1 October 2019 – According to the latest figures from the analyst Context, the monitor market in the wider European region has grown by 3.2% in the second quarter of 2019. Display specialist AOC and MMD (brand license partner of Philips monitors) together doubled this number, showed a 6.7% volume increase, and held their third position of the market share in Europe at 14.1%. MMD contributed to this growth by growing 10.8% year-on-year in volume.

In large screen sizes (68.6 cm - 27” and above), two brands together are in second position with 14% market share. While this market segment grew by 29.2%, both brands together grew almost double that amount, by 57.7%. MMD and AOC also noted a significant growth of their volumes individually, 53.3% for MMD and 64% for AOC. AOC and MMD together are in number one position in Russia, Benelux, Ukraine, Poland, Italy, Czech Republic and Slovakia. MMD alone is in the first position in the segment of 27” screen sizes and above in Benelux and Ukraine.

The overall market for monitors continues to grow, thanks to the appeal of high resolution (QHD and UHD), ultra-wide, curved and large sized monitors, as well as innovative technologies which contribute to greater productivity and ease of use. Another key factor is the gaming sector which is also continuously increasing.

“We at AOC and MMD (Philips monitors) have been working on more and more innovative qualities in many different areas including design, image quality, ergonomics and user friendliness as well as environmental friendliness and sustainability. These innovations captured the growth of volume and we keep increasing our market presence each passing quarter,” says Stefan Sommer, Director Marketing & Business Management, Europe.

AOC impresses with a broad and innovative portfolio of entry level and high-end gaming monitors. Additionally, AOC’s growing portfolio of professional displays for small and medium businesses and the public sector, is highly competitive and well received by the market. 

MMD grew significantly, thanks to its unique innovative connectivity solutions, such as: the productivity-boosting and functional USB-C docking station; green solutions such “the greenest monitor in the world”; PowerSensor, which detects the absence of the user and cuts power consumption by 80% the pop-up webcam which can be tucked away for increased security; the “hybrid” USB-C and USB-A cable for connecting old and new devices to the monitor’s USB-C docking station; and the new gaming line dedicated to console gamers - Momentum. 

In the UK and Ireland, the monitor market grew just slightly by 3.63% in Q2 2019 compared to Q2 2018, however, MMD’s volume grew by a substantial 47% in the same period. AOC's and MMD’s combined share make up 10.7% of the market and puts them in the third position.

“We are in a stable position in the UK and Irish monitor markets with AOC and MMD even increasing our market share from the last quarter. Contributing to this figure are AOC’s successful gaming monitors, as well as MMD’s’ innovative business monitors, especially our USB-C docking solutions.” says Paul Butler, Sales Director UK and Ireland MMD and AOC. 

About AOC

AOC is one of the global top brands in the display market. High quality, first-rate service, attractive designs as well as environmentally friendly, ergonomic and innovative products at competitive prices are the reasons why more and more consumers, corporate decision-makers and distribution partners trust in AOC. AOC offers displays which cater to every type of user, be it for professional, home, entertainment or gaming use. AOC is a subsidiary of TPV Technology Limited, the world’s largest LCD manufacturer.

http://eu.aoc.com

About MMD 

MMD is a wholly owned company of TPV established in 2009 through a brand license agreement with Philips. MMD exclusively markets and sells Philips branded LCD displays worldwide. By combining the Philips brand promise with TPV’s manufacturing expertise in displays, MMD uses a fast and focused approach to bringing innovative products to market. MMD serves the Western European, Middle East and African markets from its headquarters in Amsterdam. The Eastern European and CIS markets are served by a local office in Prague. Through its network of local sales teams MMD works with all major IT distributors and resellers.

www.mmd-p.com