Life span of 5 yrs for LCD/LED!!! Reality or myth??/

Really very good information from hemantji and a very good 'other side' thought by vinodji. thank you guyz & others here for sharing your vast knowledge.

By the way, my question may seems silly but i'll ask anyway.
Can anybody post a link or source or something which shows the real the lifespan of these lcd/led tvs 3-5years, fact or myth? cause i couldn't get the one telling this exactly, all i got is peoples complaint who are having problems with their panels. anybody has any data like an xyz company produced/sold this much of tvs in these 5years and got complaint of panel failure or complete replacement, etc of tv in numbers against their production (ratio). or anyone can guess how much it could be? may be one thing is sure that compared to CRT failure of led/lcd could be more.

What my other thinking is IMO people shares negativity more than positive things in these kind of forums. for example if you are sitting between 9 out of 10 people are complaining abt failure of these tvs then you could think that might be true. but the fact is thats the half or partial truth.

The intention of the author of this thread is to educate ourselves with Real Facts and take a best decision during future purchase of who already purchased these new tvs. like hemantji & vinodji & other who did share there opinions with their detailed facts & figures will definitely help us.

Just one more 'other side' thought!
Thanks for ur comment and ur exactly on point. The intention is not to make people afraid of buying panels at all through this brain storming thread. Its just to make all of us aware that, so called big companies will shut the door for once upon a time esteemed customers just after 5 years on the name of non-availability of spares, so that one is forced to go for new one.
Hence lets spend wisely and save a part of it for the unexpected after the 5 yrs span on these type of panels.....
 
There is hardly any service backup for products that we buy in our country because of lack of strict consumer law.......
 
I am sure given the technological prowess of the flat panel manufacturing companies, they can invent some sort of "Gorilla" glass panels to avoid/reduce the amount of panel cracking. A simple step for them I am sure, they will not do it due to cost of shipping such weight across! (This is where my heart goes out to Dirac).
 
There is hardly any service backup for products that we buy in our country because of lack of strict consumer law.......

So you have global data to prove about service backup? I mean in US you can service 7 year old plasmas? What I know there labor charges are astronomical so that it is always advisable to buy new...

so when we abuse our country can you have conclusive data??
 
For TV this is absolutely true. However for many electronics or electro-mechanical stuffs I have seen companies offering AMC many years after purchase. Examples being Water Purifiers, Chimneys, AC, etc. Also I can vouch for some companies who do ensure this sustained service even after 10 years of purchase for certain product ranges like microwave even without AMC
Water purifiers require maintenance and replacement product to continue to run. Air conditioners oftentimes need to be refilled with coolant. So those are a different beast. Products that require materials to be added on a regular basis often do last longer. This is because people have to buy the replacement materials. But for one offs those often are built to fail after a certain amount of time on purpose so that companies can keep selling more. This is why the whole idea of the competition free market nonsense is nonsense. Companies goals are not to build the best product except very few specialized companies. Market system but your average everyday consumer goods are built so that they can be sold cheap. I'd sooner have one company that builds one item as good as they can for a little bit more money than to have 10 companies that build items that are going to fall apart after 5 years just so it's a little cheaper.$100-$150 more for a television that'll last 25-30 years I'd gladly give.
 
Water purifiers require maintenance and replacement product to continue to run. Air conditioners oftentimes need to be refilled with coolant. So those are a different beast. Products that require materials to be added on a regular basis often do last longer. This is because people have to buy the replacement materials. But for one offs those often are built to fail after a certain amount of time on purpose so that companies can keep selling more. This is why the whole idea of the competition free market nonsense is nonsense. Companies goals are not to build the best product except very few specialized companies. Market system but your average everyday consumer goods are built so that they can be sold cheap. I'd sooner have one company that builds one item as good as they can for a little bit more money than to have 10 companies that build items that are going to fall apart after 5 years just so it's a little cheaper.$100-$150 more for a television that'll last 25-30 years I'd gladly give.
Insightful comparison between products that require regular maintenance and consumables vs those that require only one-time spending.

Another factor that is reducing the designed lifespan of products, especially consumer products is the fast pace of technology change/evolution as these products are getting smarter. The rate at which Chip and Software technology evolves, products get obsolete between anywhere from 3 years (mobiles, wearables or smart speakers for example) to 7 years (PCs, TVs, Streamers etc). It doesn’t make much sense to design and make them to work longer than that.

Perhaps there’s a certain market for non-smart products with basic features and limited controls at lower price (like the Nokia feature phones) or with niche/specialised designs at a premium (e.g. DIY/artisanal amps or turntables) that have much higher designed lifespan.

Easy access to consumer finance also fuels early/premature upgrades by consumers especially in lifestyle products like smartphones and TVs. Larger screens and smaller bezels are good enough reasons for some customers to upgrade because of the buyback and finance options. Some consumer products (watches for examples) have converged with the fashion industry.
 
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