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LCD dominance in TV panels to continue for foreseeable future: market researcher

All Headlines 10:06 May 21, 2017

SEOUL, May 21 (Yonhap) -- Market dominance of liquid-crystal display (LCD) in the TV panel sector is expected to continue for the foreseeable future despite the growth of other technologies, an international market tracker said Sunday.

According to IHS Markit, LCD panel production will rise from 261.13 million units in 2017 to 282.57 million in 2020. During the same period output of organic light-emitting diode (OLED) panels, which have been viewed as potential replacements to LCDs, will jump more than three-fold to 5.25 million units from 1.57 million.

The U.S.-based researcher said that while OLEDs are expected to post sharp growth, they will not be able to usurp LCD as the panels of choice for upper-end TVs.

It said OLEDs will account for 0.6 percent of the market this year, with numbers growing to 1.8 percent in 2020, while LCD's market share will still stand at a dominant 98.2 percent.

LCD panels first made their appearance in 1998 and have posted strong growth over the years to eventually exceed cathode-ray tube TV production in the fourth quarter of 2007.

OLEDs were first introduced in 2013 and have been slow to grow afterward, although they have started to pick up pace.

Related to the sluggish growth, local display companies like LG Display, one of the leading producers of LCDs, claimed that the price, size and variety and picture clarity of OLEDs are holding back its growth at present.

Corporate insiders have said that while both types are lightweight and energy efficient compared to conventional tube TVs, OLEDs cost an average 2.6 times more.

They added that while LCD can be made in over 30 different sizes ranging all the way up to 98 inches in diagonal length, OLED are at present restricted to just a handful and cannot be made as large.

Moreover, OLED panels, despite having greater contrast and "deep blacks", are unlikely to provide an ultra high resolution 8K viewing experience in the next three years while 8K LCD panels are expected out this year. LCDs are also brighter than OLEDs.

"There has been a growing trend for bigger and sharper pictures on the market that LCDs have been able to meet so far," an LG engineer stressed.

He added that while OLEDs will post growth going forward, LCD will still likely be more popular in the market.

LCD dominance in TV panels to continue for foreseeable future: market researcher - 1


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