Global LCD Market Rankings: LG Display 4th, Samsung Display 5th

TV, modern flat screen LCD, LED.

[Asia Economy Reporter Changhwan Lee] Domestic companies ranked 4th and 5th in the global liquid crystal display (LCD) TV panel market.

According to global market research firm IHS Markit on the 8th, LG Display's global LCD TV panel market share in the fourth quarter of last year was 14.3%, dropping two places from the previous quarter to 4th place.

Samsung Display followed LG Display with a 9% market share, ranking 5th. The 1st place was held by China's BOE (17.8%), 2nd by Taiwan's Innolux (16.0%), and 3rd by China's China Star (14.4%).

Until the third quarter of last year, LG Display's market share was 15.5%, ranking 2nd after BOE. However, in the fourth quarter, Taiwan's Innolux and China's China Star surpassed LG Display.

As of January this year, LG Display's market share was 10.8%, down 6.4 percentage points from the same period last year, ranking 4th overall.

The decline in market share of Korean companies in the LCD TV panel sector is interpreted as these companies recently focusing their business on the highly profitable organic light-emitting diode (OLED) technology.

LG Display announced last month that the proportion of OLED in TV panel sales increased from 24% in 2018 to 34% last year.

This content was produced with the assistance of AI translation services.