In today’s market, the most common screen technologies are LCD and OLED. Among these, OLED has gained significant popularity due to its wide color gamut, near-infinite contrast ratio, ultra-fast response time, flexibility, and energy efficiency. As demand for OLED screens continues to rise, major manufacturers like LG Display (LGD) are accelerating the phase-out of LCD panels, shifting their focus entirely to OLED technology. This indicates that the competition between LCD and OLED will eventually come to an end.
One notable development is Han factory's exit from the small and medium-sized LCD panel market. According to the Korea Business Daily, LG recently shut down its 5th generation P4 plant in Gumi, following the closure of its 3.5th generation P2 plant. It is expected that the 4th generation P3 plant will also be closed by year-end. These moves signal a clear shift towards OLED production.
Although LGD hasn’t officially announced plans to close factories, industry observers believe this transition is part of a broader strategy to move toward OLED. Currently, LGD operates eight-generation LCD panel factories (P8 and P9), producing high-resolution UHD TV panels and other specialized displays. The company plans to invest 20 trillion won (around $18.08 billion) in the OLED industry by 2020, with new facilities in Paju, Gumi, and Guangzhou, China.
In July, LGD also announced the construction of a new OLED display joint venture in Guangzhou, marking its first large-scale OLED factory in China. This investment is expected to help resolve issues related to cost and capacity, further solidifying OLED’s position in the market.
Samsung, another key player, has also been closing several LCD lines over the past few years. In 2017 alone, it invested $8.8 billion to expand OLED production and convert some LCD factories into organic display facilities.
This shift has created a tight supply of small-size LCD panels, especially for mobile devices. However, it has also presented opportunities for other manufacturers, particularly in Taiwan. While OLED is becoming the future direction, LCD still holds a significant share in the market, especially in large-screen TVs where OLED production capacity remains limited.
As Korean manufacturers reduce their LCD output, Taiwanese panel makers such as AUO, Innolux, Caijing, and Huaying may benefit from the growing demand for smaller LCD panels. These companies have the chance to collaborate with more manufacturers and enhance their brand presence. Staying competitive requires keeping up with the latest technological advancements.
In the short term, LCD panels are expected to remain relevant, especially in markets like automotive, industrial, and medical displays. Although OLED is gaining ground, LCD technology is continuously improving, offering features like wide color gamut, stable performance, and low power consumption. With a lifespan of at least 5-10 years, LCDs will continue to play a role in the market, particularly in large TVs.
Looking ahead, the display technology industry is set for a major transformation over the next five to ten years. However, the success of any technology depends on supporting content and applications. Despite the rise of OLED, LCD is not going away anytime soon. Industry reports suggest that while OLED is gaining traction, LCD still maintains a strong market presence.
The Taiwan Industrial Research Institute predicts a modest growth rate of -1.7% to 1.0% for the panel industry, with overall stability. Positive factors include a stable economy and increased consumer demand. To stay competitive, panel manufacturers are advised to focus on niche or high-end products like public displays, automotive panels, and e-sports displays.
In summary, while OLED is shaping the future of the display industry, LCD still has a place in the market. Both technologies will coexist for some time, with each serving different needs. The coming years will likely bring significant changes, but the path forward will depend on innovation, market demand, and strategic adaptation.
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