LG Electronics dominates the OLED TV segment

09 Apr 2018 | Rasmus Larsen |

LG Electronics sold around 1.5 million OLED TVs globally last year and is expected to sell 2 million this year. Sony is the second largest OLED TV manufacturer, according to a report by Digitimes.

OLED TVs sales to grow 50%

A total of 2 million OLED TVs were shipped globally last year. That number is expected to grow to 3 million in 2018, according to industry sources and Digitimes.

LG Electronics is the clear leader in the segment. Last year, LG Electronics sold an estimated 1.5 million OLED TVs, giving it a 75% share. It is expected to sell 2 million OLED TVs this year, with its share dropping to 66%.


LG 2017 OLED


Sony is a distant second. The Japanese company is expected to sell 500,000 OLED TVs in 2018, up from 200,000 units last year, while the remaining 500,000 will be divided between brands such as Panasonic, Philips, Grundig and Loewe as well as Chinese brands such as Hisense that will launch its first OLED TV this year.

- “In addition to shipping two million OLED panels to LG Electronics in 2018, LGD is also expected to ship 500,000 OLED panels to Sony and a certain amount to China's TV makers,” Digitimes reported.

LG Display – a separate company under the LG Corporation – will continue to produce the bulk of all OLED TV panels in 2018. The company sells its panels to a range of other manufacturers and will soon open its next-generation 10.5G OLED factory that will be capable of mass-producing larger panels with 8K resolution.

TVs based on OLED technology still make up a relatively small portion of the overall TV market, which runs at around 210-220 million units annually. However, the display technology continues to gain share in the lucrative premium segment and capacity will be expanded significantly over the coming years.

- Source: Digitimes



Share on:


Latest news

Infuse 5.7

Infuse 5.7 includes Plex integration, refreshed look on Apple TV

19 Apr 2018 | Rasmus Larsen |
Panasonic FX700

Panasonic FX700 (FXW724) received

19 Apr 2018 | Rasmus Larsen |
Nielsen TV

Nielsen has started tracking viewers on Smart TVs

19 Apr 2018 | Rasmus Larsen |
LG C8 OLED

LG C8 OLED received

18 Apr 2018 | Flatpanels |
3D

3D cinema hits 8-year low

17 Apr 2018 | Rasmus Larsen |
Netflix

Netflix now has 125m subscribers - and far more viewers

17 Apr 2018 | Rasmus Larsen |
LG OLED tunnel

LG Display plans to increase OLED TV production six-fold by 2021

13 Apr 2018 | Rasmus Larsen |
Sony 8K Crystal LED

Sony showcases huge 8K microLED display

13 Apr 2018 | Rasmus Larsen |