In 2020, approximately 315.6 million new sets were distributed to households worldwide, a 6 percent increase from the previous year. The average TV is replaced every 6.6 years, but this figure dropped to 5 years during the pandemic. This could result in a significant increase in sales for manufacturers like TCL, which is the world's second-largest TV brand by shipment volume and one of the leaders in large screen TVs. The company is betting that consumers are ready to upgrade to larger sets in the future.