This file photo provided by LG Display Co. shows its new fourth-generation organic light-emitting diode panel at the company’s office in northwestern Seoul. (Yonhap)
SEOUL, Sept. 5 (Korea Bizwire) –Demand for organic light-emitting diode (OLED) panels among major television and monitor makers is expected to see a boost throughout the remainder of 2025, industry data showed Friday, a trend likely to benefit LG Display Co., a leading OLED supplier.
According to global market research firm Omdia, LG Electronics Co. has raised its annual OLED TV sales target to 3.5 million units, up from 3.3 million, while Samsung Electronics Co. has increased its goal to 2 million units from 1.8 million.
Omdia projected LG Display, a key OLED panel supplier for both companies, to capture 82.6 percent of the global OLED panel market this year, up from 79.7 percent in 2024, with its share expected to reach 85 percent next year.
Global OLED monitor shipments are also forecast to nearly double to 2.4 million units this year, Omdia said.
LG Display and Samsung Display Co., the two largest players in the global OLED monitor market, are expected to be major suppliers driving this growth.
In addition, LG Display supplies mobile OLED panels for Apple Inc.’s yet released iPhone 17 series, a move expected to boost the company’s earnings.
LG Display reported sales of 5.58 trillion won (US$4.01 billion) in the second quarter, posting an operating loss of 116 billion won.
(Yonhap)
