LG Display is dominating in the to dominate the large, medium, and small-sized LCD market for the first time in the industry, according to data released by Displaysearch.
The company was already a leader in the large display market, but it lagged behind rival Samsung Display in the small and medium-sized panel market.
But according to recent data from DisplaySearch, LG Display came in first place in the market of small and medium-sized panels at less than 9 inches, which are being used in smartphones and tablet PCs, in Q4 last year for the first time ever.
During the Q4 last year, LG Display pulled ahead of rivals Japan Display and Samsung Display. Samsung Display fell to third place, overtaken by Japan Display.
LG Display’s growth was largely due to the fact that the company won more clients for its LCD panels and also improved sales of high-value-added products, including a round plastic OLED display being used in smart watches.
The success of Apple’s iPhone 6, which uses a display panel made by LG, also helped the company's sales figures.
LG Display is also planning to expand the lineup of thinner semi-TV sets, including the Quad UHD 8K, in the TV sector this year, in a bid to strengthen its power in the LCD market.
Also, the company will unveil new products such as its own AIT technology, a Quad High Definition (QHD) LCD panel for smartphones, and a borderless monitor.
LG Display has also secured variuous clients for OLED TV panels, including China’s Skyworks and Konka.
The company is aiming to produce a total of 34,000 units in the 8th generation OLED TV panel manufacturing line by the end of this year. Currently, this production line produces 8,000 units of OLED panels every month.
Additional investments in the production of more advanced forms of OLED panels such as foldable OLEDs should also be expected, depending on the market demand.