On The Impact Of Samsung And LG Withdrawal From The LCD Market

Perhaps the most important news in the LCD industry this year is that Samsung and LG have successively announced their withdrawal from the LCD market. Following Samsung's announcement that it will cease production of all LCD panels in South Korea and China by the end of this year LG Display subsequently announced that it will cease production of all LCD panels in South Korea this year. Both Korean companies will stop the production and supply of LCD panels and withdraw from competition in this market. For this news, we would like to express some views simply. Both Korean companies will stop the production and supply of LCD panels and withdraw from competition in this market. This does not mean that the LCD market is worthless. More reasons may be due to the economic impact of COVID-19, Samsung and LG want to focus their energy on the OLED industry. Looking back on the development history of the industry, in the past two decades, it is undoubtedly the world of liquid crystal display technology. And in the next technological wave, OLED display technology will become a substitute for liquid crystal. Whether OLED technology can become the leading technology in the display industry is still difficult to determine. But what is certain is that in the display market, OLED is already appearing in many applications.The current LCD situation is similar to the original CRT color TV, it is slowly being eliminated by the market. It is undeniable that OLED and other products will replace LCD in the future, but this does not mean that LCD is now a backward product. For example, in terms of color gamut, contrast, and other parameters, OLED is better than LCD. Why is LCD still the first choice for computer screens and TV screens? The fundamental reason is that LCD technology is mature and cheap. In our view, new products such as OLED are not yet satisfied with the conditions for full popularity due to technical and cost constraints. Therefore, within the next 2-3 years, LCD will remain the mainstream of the market. With the gradual withdrawal of Samsung and LG, brands such as BOE and TCL will compete for more market share, and LCD price increases will become a global trend. We suggest that you can reserve some LCD products according to your project situation, because no one can guarantee when the LCD market will stabilize.