Omdia says that according to its estimates, LG Display will produce 8.3 million OLED TVs in 2021, a 86% increase from 2020 (4.5 million units). The company increased its estimates slightly (previously Omdia said that in 2021 LGD will produce 8.1 million panels).
LG Display's own target for 2021 is 8 million units. Demand for premium TVs is on the increase, and LG Display increased its production capacity, mostly at its Guangzhou line. LG Display's production of 48-inch and 42-inch panels may also decrease its average panel size which may increase total unit shipments.
LG Display has been increasing its production capacity constantly in recent years - but OLED TVs still represent a small fraction of the total TV market (estimated at almost 280 million units in 2021).
