LG displays are emerging in the global high-end automotive market, with a market share expected to exceed 50%!

LG Display, as a leader in the field of large-size OLED displays, has recently increased its efforts in the field of automotive OLED displays, actively expanding its market share, and has announced a series of partners, including General Motors, Volvo , Land Rover, Porsche, Lucid and other well-known car brands

According to the editor’s understanding, LG Display recently announced its list of partners for its automotive OLED display business on Wednesday local time. These partners include many well-known international automobile manufacturers, such as General Motors, Volvo, Land Rover, Porsche and Lucid. This move not only further consolidates LG Display's leading position in the field of large-size OLED displays, but also laid a solid foundation for its business development in the automotive field.

According to reports, LG revealed that they are currently one of the major suppliers of automotive OLED displays and expect their share of this market to reach 62% this year. The company's executives revealed that by 2026, their share of the automotive OLED display market will continue to remain above 60%, maintaining the stability of their leading position

In addition, LG Display is in the field of LCD displays Still holds a considerable market share. It is predicted that by 2026, their share of the automotive LCD display market will exceed 40%. Considering the two fields of organic light-emitting diodes (OLED) and liquid crystal displays, LG Display is expected to occupy more than 50% of the global high-end automotive display market and become the dominant force in this field

Rewritten content : According to reports, LG Display will continue to be committed to innovative research and development of automotive OLED displays. Its customers are expected to start adopting LG Display’s second-generation tandem OLED displays in 2024-2025. This will further promote the development and upgrading of automotive display technology, bringing more advanced and exciting visual effects to the driving experience

In general, although the market share of OLED displays in the automotive industry is currently relatively small , but as companies such as LG Display continue to invest and innovate, it is expected that this market will have greater room for development. With its technological strength and partnerships, LG Display will continue to lead the development trend in the field of automotive displays

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