LG Display says that it aims to ship over 6 million OLED TV panels in 2020 - that's double what it shipped in 2019. The company also says that it expects its Guangzhou fab starts mass producing panels in Q1 2020, earlier than previous estimated.
Previous estimates, by LG and others, were for around 5.5 million panels in 2020, even before the Guangzhou fab delays. It's possible that LG aims to ship more panels - but some of these will be smaller in size (the new 48-inch panels the company is starting to produce).
Due to the conditions of the LCD market, LG Display is focusing on increasing its OLED business - the WOLED TV one, in addition to its small-size pOLED business. LGD says that it sees high demand coming from the automotive market for these panels. LGD reveals that an automobile with its pOLED displays will launch in Q2 2020.
According to IHS, the automotive OLED market is set for fast growth - from around $20 million in 2019 (almost all from PMOLED displays) to over $360 million in 2020 and almost $4.5 billion in 2026.
Interestingly LGD reveals that it plans to stop LCD TV panel production in Korea in 2021.
