South Korean LCD panel plant share rose to 54%

Displaybank, a Korean market research company, recently released its LCD panel market statistics report in October. The advantages of Korean panel makers represented by Samsung and LG continue to expand, and their share has increased to 53.9%, reaching a record high.

According to the data, the shipment of Korean panel makers in the large-size panel market reached 53.9%, up by 1.6% from the previous quarter. Displaybank believes that the reason for the rise in the share of Korean panel makers is mainly due to two factors: First, second-tier panel makers have lowered their production capacity; some manufacturers have adjusted their strategies to focus on the small-to-medium panel area.

In October, global shipments of large-size TFT LCD panels reached 55.8 million, up 1.7% from the previous quarter and 12.5% ​​year-on-year. TV panel shipments reached 19 million units, a decrease of 4.4% from the previous quarter, which was the first time that TV panels have fallen in eight months. Ricky Park, a senior analyst at Displaybank, believes that the decline in TV panels is mainly due to the reduction in panel purchases by TV makers after China's 11th session.

Shipment volume of display panels increased by 6% to 16 million. Although it showed a positive growth trend, it was only slightly higher than the lowest shipment volume this year. The notebook panel shipped 19.9 million units this month, an increase of 4.6% from the previous quarter.