OLED panels are still the answer for LG Display
OLED displays trump liquid crystal display (LCD) technology in a variety of ways. For one, the contrast ratio of OLED far exceeds that of LCD due to pixel dimming technology, which precisely controls millions of pixel to create the perfect black color.
Moreover, the rich and precise color expression and the response speed is a thousand times faster than LCDs. OLED-based TV panels are completely flicker-free and emit the least amount of blue light compared to other types of panels as well.
LG Display, Korea’s leading panel manufacturer, led the development of OLED technology and is continuing to expand in the sector.
After LG Display’s Guangzhou plant in China started mass-production in July last year, the company now boasts a production capacity of 140,000 panels a month, including 80,000 from an existing factory in Paju, Gyeonggi.
Nineteen TV manufactures around the globe including affiliate LG Electronics have jumped into the OLED TV market, expanding the opportunity vastly for OLED manufacturers such as LG Display.
LG Display plans to further diversify its product line while strengthening its advantages. The size of OLED TV panels varies from forty inches to around eighty inches, offering a broader range of options for customers.
Earlier this year, the company unveiled its next generation OLED TV panel with improved luminous efficacy. More creative and cutting-edge products such as Wallpaper, Rollable, Cinematic Sound and Transparent OLEDs have also been commercialized or are in the pipeline.
LG Display is also focusing on plastic OLED, or P-OLED.
LG Display was quick to dive into the automotive P-OLED markets and continues to step up its game, expecting the demand for P-OLED to surge along with the rapidly growing market for next-generation vehicles.
LG Display is innovating its LCD businesses too, centering on high value-added products. The company plans to gradually shift its focus to LCD panels for higher value-added industries such as IT and automobiles.
As telecommuting and teleconferences became the new norm in the era of the coronavirus pandemic, the surging demand for LCD panels is expected to add momentum to the ongoing innovation, the company said.