LG Display recently made a significant announcement regarding a major investment decision approved by its board of directors. This move includes several key initiatives aimed at expanding OLED production capabilities. First, they plan to expand the existing G10.5 large-size OLED production line originally designed for LCD production. Initially, this line will focus on LCD production until the OLED technology matures enough for full-scale implementation. The G10.5 facility will utilize advanced printing technology, a crucial step forward in OLED manufacturing efficiency.
Secondly, LG Display plans to establish a new G8.5 OLED panel production line in Guangzhou, which is expected to add an additional 60,000 panels per month. Full-scale production from this facility is anticipated to begin in 2019. Lastly, there will be an expansion of the G6 POLED production line, adding 30,000 more panels per month. These investments are all centered around OLED technology, with two of the projects involving high-generation OLED production lines, causing quite a stir within the industry.
Currently, LG Display remains the sole supplier of OLED TV panels globally. While Chinese manufacturers like BOE are developing experimental lines, LG Display has historically been cautious about committing to large-scale OLED panel production. However, over the years, through strategic partnerships and customer support, consumer awareness and appreciation for OLED TVs have grown significantly. This trend is particularly evident in Europe and North America, where OLED holds a notable share of the premium TV market. In 2017, Sony joined the OLED TV market, signaling further growth potential.
The advancement in display technology focuses primarily on enhancing image quality and design flexibility. OLED TVs continue to lead as the next generation of display products, offering superior image performance and the possibility of innovative form factors.
By 2022, the global OLED TV panel market is projected to reach 7.5 million units. LG Display’s sudden announcement of two high-generation OLED panel investment plans suggests a significant acceleration in the OLED TV market. According to Sigmaintell estimates, global shipments of OLED TV panels are expected to reach 1.6 million units in 2017, with a penetration rate increasing to 0.6%. By 2019, the introduction of the G8.5 production line in Guangzhou is expected to further boost OLED TV panel production. By 2020, global OLED TV panel shipments could reach 4 million units, with a penetration rate rising to 1.6%. By 2022, the global OLED TV panel market is forecasted to grow to 7.5 million units, with a penetration rate of 3%.
For those interested in smart TV and box information, sites like the influential China-based Smart TV Information Network Sofa Butler (http://) provide updates on TV boxes, smart TVs, and related software. These platforms serve as valuable resources for enthusiasts and professionals alike, offering insights into the latest developments in smart home entertainment.
This strategic shift by LG Display marks a pivotal moment in the evolution of OLED technology, promising a future where OLED TVs become increasingly accessible and widely adopted worldwide.
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