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LG reclaims crown as world's largest UHD TV panel vendor

After almost two years playing second fiddle, the South Korean electronics giant reclaimed the top spot as the world's largest UHD TV panel vendor.

LG

LG Display, the world's largest LCD panel maker, clinched the title of world's largest UHD TV panel vendor last month for the first time in 22 months, a research report released Thursday showed.

According to DisplaySearch's TFT-LCD shipment report, LG sold 578,000 UHD TV panels, securing 28.1 percent of the market for the month of October.

Taiwan-based Innolux -- LG's main competitor -- came in second with 24 percent market share. Perennial rival Samsung Display followed in third with 20.2 percent. Innolux dominated the market previously by launching low-cost UHD TV panels to TV makers located within mainland China and the US, chipping away at LG and Samsung's market share.

The rising popularity of high-priced UHD TVs in the world's second largest market fueled growth for LG Display, which recently started operation at its factory in Guangzhou. The factory mainly supplies goods to Chinese TV makers, which also have factories nearby.

"We finally beat competitors by launching UHD TV panels made by our own M+ technology, which combines our innovative pixel arrangement structure and rendering technology using our own algorithm," a spokesman of LG Display said.

Meanwhile, the overall shipment of UHD TV panels was approximately 2.05 million worldwide for October, making LCD TVs still very much the standard in the market.

LG Display is currently investing heavily in OLED, technology the company believes will replace LCD as the standard in the coming years.