LG Display to Pump up Efforts to Win More Automotive Display Orders

News Source: 

LG Display has begun to upgrade its business structure by focusing on displays for vehicles.

According to Hi Investment & Securities on Feb. 22, LG Display's vehicle display sales are expected to more than double from 1.6 trillion won in 2022 to 3.5 trillion won in 2025. Its automotive display order intake in 2022 is estimated at more than 4 trillion won, an increase of about 40 percent from 2021.

In particular, the proportion of organic light emitting diode (OLED) orders in its total orders increased from 30 percent in 2021 to 45 percent in 2022. This is due to a steep increase in demand for automotive displays as the number of related displays goes up as the automotive electronics market grows.

LG Display has ranked first in the 10-inch and larger premium automotive display market for four consecutive years with high growth potential. In addition, LG Display is the only company that can produce plastic OLED panels for vehicles in the world and is now supplying them. The Korean display giant will further strengthen its competitive edge in winning orders with its differentiated lineup such as automotive OLED panels developed and produced with its own technology and ultra-large, low-power and ultra-high brightness technology based on low temperature polysilicon (LTPS) LCDs.

TrendForce 2022 Global Automotive LED Product Trend and Regional Market Analysis
Release Date:
1. PDF(123 Pages)- 30 June 2022
2. EXCEL- 30 June 2022 and 31 December 2022
Languages: Traditional Chinese / English

If you would like to know more details , please contact:

Global Contact:
 
ShenZhen:
Grace Li
E-mail :  Graceli@trendforce.com
Tel : +886-2-8978-6488 ext.916
  Perry Wang
E-mail :  Perrywang@trendforce.cn
Tel : +86-755-82838931 ext.6800
Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

Tokushima, Japan – 25 January 2023: Nichia, the world’s largest LED manufacturer and inventor of high-brightness blue and white LEDs, is pleased to announce the additions of the NVSW719AC and NVSW219C-V2 to its industry standard ce... READ MORE

Pro9™ LEDs set the new standard for high fidelity (90 & 95 CRI min) LEDs   15% higher efficacy for 90 & 95 CRI LEDs 90 CRI light quality at 80 CRI LPW 95 CRI light quality at 90 CRI LPW Upgrade light quality without sacrific... READ MORE