Global #1 TV Panel Supplier
Market research firm WitsView said on January 18 that LG Display increased its TV panel supply volume from 51.95 million to 55.3 million between 2014 and 2015 to rank first in the world last year. Its sales of LCD panels using the RGBW technology, in particular, increased by almost five-fold. Last year, LG Display was followed by Innolux and Samsung Display in the supplier ranking.
LG Display succeeded in overtaking Samsung Display in one year thanks to its RGBW panels. This type of panels accounted for almost half of LG Display’s total TV panel sales last year.
In the meantime, Samsung Display fell from first to third place by supplying 50.9 million panels in 2015. Its supply volume declined 8% from a year ago as the supply to Samsung Electronics, its largest customer, decreased. Innolux increased its volume by 3.1% from 50.16 million to 51.73 million, climbing one notch to second place.
BOE, fourth in the ranking, recorded the highest growth rate among the top six of the world. The Chinese company boosted its volume by no less than 148.5% from 14.35 million to 35.66 million based on its new 8.5-generation production lines. At the same time, BOE was able to deal with a decline in panel price with the Chinese government backing the company with an amount of subsidies.