[Finetech Japan 2017] LG Display OLED, more than 50% of the total revenue in 2020

At the keynote session of Finetech Japan 2017 held in Tokyo Big Sight as from May 5, LG Display’s CTO, Kang, In Byeong said, “LG Display OLED accounted for 10% of the total sales revenue in 2016, but is expected to increase more than 50% in 2020.”

<LG Display, Kang In Byeong CTO>

Currently, large OLED accounts for the majority of LG Display OLED sales. OLED TVs in application of LG Display’s large OLED are positioning as in the premium TV market leader, with approx 80% market share of the 65-inch large TVs priced higher than$ 3,000, and nearly 100% of the 55 inch large TVs higher than $ 2,000.

He said, “While 10 years taken for LCD to achieve more than 80% of market share, two years for large OLED, whose price is falling much faster than LCD. On top of it, OLED attempts to generate a premium markets with high-value-added products such as wall paper, crystal sound OLED, roll-able, transparency and signage. Also OLED for mobile device has been equipped with high competitiveness in application of a flexible design, and market demand has been significantly increased. Consequently LG Display is undergoing active development and investment.” He emphasized that the ongoing challenges will bring the LG Display’s OLED sales result in 2020 up to more than 50% of the total.

LG Display is investing in both the Gen8 large OLED mass production line and the Gen6 plastic OLED mass production line to meet the growing demand for large OLED and plastic OLED (flexible OLED). Regarding future mass production capacity, CTO, Kang said, “In 2020, large OLED production line capacity will be 6 times as big as that of 2016, and for plastic OLED 14 times.”

CTO Kang lastly addressed that the future OLED strategy of LG display is to produce large OLED wider than 77 inches, implement 8K and develop application for high-value-added product market. As for mobile device OLED, UHD resolution, DHK power consumption improvement and distinctive design are the key elements as well as flexibility that can increase the OLED performance and investment efficiency to differentiate from LCD and domineer the next generation display market.

Through the Finetech Japan 2017 keynote, LG Display once again emphasized that OLED is the key instrument to lead the display market in the future. Based on the large OLED technology, LG Display will continue to lead the display market by expanding its scope to mobile device OLED.