South Korea's LG Display Co. maintained its top position in the large-sized panel market for the sixth consecutive year, data showed Tuesday, coming in far above other South Korean and Taiwanese rivals.
LG shipped 39.4 million units of display panels 9 inches or higher in the July-September period with a share of 22.5 percent, the data compiled by industry tracker IHS showed. It marked the 24th consecutive quarter for LG to sit on the throne in the segment.
Its local rival, Samsung Display Co., followed with a 17.6 percent share, trailed by Taiwan-based Innolux Corp. and AU Optronics with 17.3 percent and 15.1 percent, respectively
"While South Korean firms are still leading the display market, the rise of Chinese and Taiwanese players will intensify down the road," an industry source said.
"Thus,, local companies must make active investments for the future, such as in the organic light-emitting diode (OLED) segment, to further expand their technology prowess over rivals," it added.
By sectors, Samsung Display outpaced LG Display in the TV market at 20.5 percent. As for the Ultra HD TV panel sector, their shares stood at 31.9 percent and 31.4 percent, respectively.
LG Display, however, defeated Samsung Display in the laptop panel market 27.2 percent to 17.2 percent.