LG Display tops auto display market in Q1
LG Display shipped the most automotive displays in the first quarter, beating Japan Display to take over the top spot in the fast-growing sector, industry data showed on June 20.
The display arm of LG Electronics shipped 6.08 million auto displays in the January-March period, up 32.5 percent from a year earlier, according to the data from market researcher IHS Markit.
The Korean firm’s market share accounted for 16.8 percent of the car display market, slightly ahead of Japan Display’s 16 percent over the period.
In terms of value, LG Display’s auto display sales totaled $413.8 million during the cited period, far ahead of its Japanese rival’s $280 million, data showed.
LG Display has been focusing on promoting the automotive display business as one of its future growth engines as a variety of surfaces in vehicles have been replaced with displays in recent years.
The company said it has been providing its automotive displays to leading global automobile makers such as Daimler Benz, BMW, Hyundai Motors and Tesla.
By Ram Garikipati and newswires (firstname.lastname@example.org)