What They Say
Business Korea quoted data from Omdia that credits LG Display with a 92.5% share of the OLED panel market in the automotive segment in 2020, with Samsung Display at 6.9% and BOE at just 0.6%.
Customers of LG have included GM (Escalade) and Mercedes-Benz in the high end of the automotive market. Samsung will supply panels for the Hyundai Ioniq 5, an electric vehicle and has been supplying panels to Audi for the e-Tron which are used in a similar way.
The market is forecast to grow by more than 60% CAGR from 240,000 in 2020 to 4.4 million in 2025 according to data from IHS Markit.
What We Think
It has taken a long time to get this far, but now that OLED-based products are starting to appear, but are likely to remain at the high end for a while. Mini-LED and dual cell LCDs are strong competitors to OLED in this market. (BR)
I took this picture of the Audi E-Tron at the Paris Motor Show in 2018. Image:Meko
