Global market share of South Korean display manufacturers 2006-2023

In 2023, the market share of South Korean display manufacturers was around 33 percent in the global market. The market share has continued to decrease since 2016, with the lowest shares recorded in 2021 and 2023. South Korean companies' highest market share had been in 2012, when it accounted for over half of the total market worldwide. 

Display panels are used in many products

Displays are used in several different electronic products, ranging from TV screens to even instrument clusters in modern automobiles. As such, the number of shipments has been increasing in recent years. Whilst expenditure on display panel equipment is forecast to decrease in the future, the industry is experiencing a boom in terms of increased current demand.

The leaders of South Korea’s display industry

Subsidiaries of South Korea’s major electronics companies are operating in the domestic display industry. Aptly named LG Display and Samsung Display respectively, the two companies have a significant share of the TV display market. In particular, Samsung Display’s market share was on the rise, while the opposite could be said for LG Display. Nevertheless, LG Display’s automotive display products were in growing demand.