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LG Display Dominates Large LCD Market with 22% Share
For 7th Consecutive Year
LG Display Dominates Large LCD Market with 22% Share
  • By Cho Jin-young
  • November 9, 2016, 02:45
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LG Display has maintained its first place in the 9-inch and larger LCD market in terms of shipments.
LG Display has maintained its first place in the 9-inch and larger LCD market in terms of shipments.

 

LG Display, the world’s largest flat panel maker, has maintained its first place in the 9-inch and larger LCD market in terms of shipments.

According to a monthly report released recently by market research firm IHS, LG Display shipped 40.08 million large LCD screens, which are used in TVs, personal computers, lab tops and tablets, in the third quarter this year, accounting for 22.1 percent share in the large LCD market. Accordingly, the company has maintained the top position for seven years in a row from the fourth quarter of 2009. LG Display is followed by China’s COE with a 19.0 percent market share and Taiwan’s Innolux with 16.7 percent and AUO with 16.2 percent. Samsung Display took fifth place with a 13 percent market share.

LG Display has ranked first in terms of shipments for the seventh consecutive year, but Chinese companies are hot on the trail quickly. China-based BOE has maintained the second place for three quarters after it overtook Taiwanese firms in the first quarter this year for the first time. The market share of BOE in terms of shipments grew from 17.3 percent in the first quarter to 19 percent in the third quarter, while that of LG Display dropped from 24.3 percent to 22.1 percent over the same period.

In terms of sales, the ranking changed. LG Display took first place again, posting US$4.23 billion (4.81 trillion won) in sales and accounting for 28.2 percent in the market. However, Samsung Display ranked second with sales of US$2.58 billion (2.93 trillion won), recording a 17.2 percent market share, followed by Taiwan’s AUO with 16.5 percent, Innolux with 14.6 percent and BOE with 11.3 percent. Market watchers said that BOE, which took second place in terms of shipments, pushed back on the ranking in sales because Chinese firms still produce mainly smaller, general-purpose and low-end products.

Meanwhile, the total shipments of the large LCD market in the third quarter stood at 181.06 million units, up 8.8 percent from 166.4 million units at the previous quarter. The total revenues in the third quarter also increased by16.2 percent to US$14.98 (17.04 trillion won) from US$12.9 billion (14.66 trillion won) in the second quarter.