Samsung Electronics held a 28.2% share in the global smart TV market during 2014, the largest stake compared to any other vendor, while LG Electronics held a 15.2% share, according to statistics from DisplaySearch.

The accumulative share from Korea vendors amounted to 43.4%, the firm said, adding that Sony held a 7.6% share.

The penetration rate for smart TVs is expected to reach as high as 90% in three years time following developments by vendors to develop smart solutions and the Internet of Things (IoT), according to market observers.

Smart TV sales reached 90 million units worldwide in 2013 and will grow at 21% CAGR to reach 228 million in 2018, according to Futuresource Consulting.