July 21 News: According to a report by South Korea's KB Securities analyst Jeff Kim (Jeff.Kim), it is expected that the sales ratio of OLED panels in 2022 will exceed 47 percent of LCD panels at 53 percent .
The analyst predicts that OLED sales of 14.8 trillion won in 2022 will exceed LCD sales of 13.3 trillion won. We predict that OLED panel sales (large and medium size) will climb from 7.9 trillion won in 2020 to 10.9 trillion won in 2021 and 14.8 trillion won in 2022. In terms of sales in 2022, OLED will surpass LCD, compared to 13.3 trillion won and 9.5 trillion won).
The agency predicts that the profit of OLED panels should expand starting from 2022, and the annual sales of LCD panels for TVs should decline significantly, from 10.2 trillion won in 2017 to 3.9 trillion won in 2022. But considering that OLED profits are sufficient to cover the decline in LCD profits, the performance of panel manufacturers is still on the rise.
Analysts also predict that LG Display's current production capacity of large-size OLED panels at its Guangzhou plant will double in the second half of 2021, reaching 60,000 to 90,000 per month, because the company can win more new customers and meet growing demand . Despite the increase in costs, the large-size OLED panel business should turn around in the third quarter of 2021. This is the first profitable quarter since 2013; the production capacity of large-size OLED panels is expected to increase from 8 million pieces this year to next year More than 10 million pieces, which should be enough to meet the new needs of global TV manufacturers without the need for additional 10.5G line expansion.
