TP Vision enjoys consistent growth

Amsterdam, August 31st, 2021

Philips TV & Sound continues to record market leading growth in TV, headphone and soundbar categories in 2021

TP Vision enjoys consistent growth across both TV & Audio categories

TP Vision, has announced its latest impressive business results, while unveiling the key Philips TV & Sound products to be launched in the fall of 2021 at TP Vision Live – a new hybrid format live & online company Autumn event jointly hosted in Amsterdam & London and including a special performance by world famous cellist Sheku Kanneh-Mason.

The company’s award-winning online event continues to replace TP Vision’s attendance at the Berlin IFA Show. For this year’s event, TP Vision decided to combine two live events for small-invited audiences with an online press attendance of over 1500 people from across the world.

Kostas Vouzas, CEO TP Vision Europe & Americas, proudly presented details of the company’s continued market leading performance while also showcasing the company’s newest ‘hero’ products.

  • Growth in revenue and market share by value of 40% in past four years.
  • Growth achieved while maintaining profitability and increasing market share throughout.
  • 2021 sales H1 YoY compared to 2020:
    Growth for TV/AVA sales combined is +46%.
    OLED TV sales increase 72% by volume.
    The Performance Series TV range increased sales by 15%.
    Flagship OLED+ segment once again doubled in sales.
  • Fidelio headphone and soundbar product receive entirely positive reception from trade & media with Philips Sound winning 41 Awards in the past 12 months.
  • More than 131 Awards across Europe for Philips OLED TV in the past year.
  • Ambilight remains key differentiator in TV market.

Amsterdam based TP Vision is the company responsible for the design, development, manufacturing, sales and marketing of Philips-branded TV sets (in Europe, Russia, Middle East, South America, India and selected countries in Asia-Pacific) plus Philips-branded consumer audio products (Globally) under trademark license by Koninklijke Philips N.V.

TP Vision has continued its significant investment in resources, product development, product design and sales & marketing over the past nine years which has allowed Philips TV to continue to be one of the fastest growing, profitable and most innovative TV brands in Europe.

The company has also turned a similar focus to the Philips Sound brand including a highly acclaimed and well supported re-introduction of the Philips Fidelio brand via a range of award winning, premium headphones and soundbars.

The Philips Sound range won 41 Awards in the past twelve months with the highlight being the Fidelio B97 soundbar and L3 wireless noise cancelling headphones winning the prestigious EISA Award for Home Theatre Soundbar 2021-2022 & Wireless headphones 2021-2022 respectively.

TP Vision also successfully launched a strong range of dedicated sports headphones under the Philips Go Sports name, quickly becoming the top ‘A’ brand in a rapidly growing segment of the market, – leading to an invitation to sponsor and partner with the ultra-successful Team Jumbo Visma cycling team.
The Philips TV brand has continued to enjoy outstanding sales growth across the European market, with the company’s outstanding OLED TVs enjoy a year-on-year increase in sales of 72% while the iconic OLED+ series – created in partnership with audio specialists Bowers & Wilkins – has doubled in sales for the second year running.

The reception for Philips latest OLED sets continued to be outstanding with the TVs winning more than 131 awards in the past 12 months and with the 2021 range already winning two prestigious EISA awards for Best Buy OLED TV 2021-2022 and Home Theatre TV of the Year 2021-2022.

Philips TV’s specially created Performance Series – The One – continued on its successful path, again enjoying an increase in popularity and sales by 15%, with ever more consumers attracted by the concept of a much-simplified product choice via the guarantee of all the quality and performance of a premium set – including Philips unique Ambilight technology and inhouse developed P5 picture processing engine – but in a mid-range product.

Media contact:

Andrew Burslem
Tel: +44 203 494 4422

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About TP Vision

TP Vision Europe B.V. is registered in the Netherlands, with its head office in Amsterdam. TP Vision is a wholly owned company of TPV Technology Limited (‘TPV’), one of the world’s leading monitor and TV manufacturers.

Founded in 2012, TP Vision is today one of the largest global players in the consumer TV and audio industries. It develops, manufactures and markets consumer electronics products and technologies that offer a superior audio and visual experience.

With a strong focus on the consumer and hospitality market, TP Vision’s product portfolio includes consumer audio products and televisions, professional displays and content operation systems. These products, and solutions, are brought to market through TP Vision’s own brand AOC, as well as the Philips brand, used under license from Koninklijke Philips N.V.

Home to leading electronic brands and award-winning products, TP Vision employs over 2,000 people globally, with operations in Europe, Americas, Middle East, India and selected countries in Asia-Pacific.

TP Vision adds value in everyday lives and society through its expertise in product development, design, operational excellence and responsible manufacturing.

The content in the news releases is accurate at the time of publication but may be subject to change without notice. All trademarks mentioned in this news release are the property of their respective owners.

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