Displaybank has published a forecast which estimates that the market for LED LCD TVs could grow from 3.1 million units in 2009 to 26 million in the coming year.
It suggested that this could give the type of product 16 per cent of the LCD TV sector, with further growth predicted in years to come.
Andy Yu, vice-president of display research at the company, pointed out that the items feature eco-friendly factors and developments in quality and design as a result of the use of LEDs.
He added: "LCD TV has continuously expanded its market share with rapid technological development in very short period of time."
Displaybank estimated that LED LCD TVs could reach 129 million units by 2013.
In other LED news, Seoul Semiconductors has announced that its bulbs are being used on the Oasis of the Seas - the biggest cruise ship in the world, according to eTravel Blackboard.
