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Samsung, LG to Boost Dominance in LCD Market

The global LCD market will shrink 2.6% in the first half of 2011 to a total of about $44 bil., reported U.S.-based DisplaySearch.

Samsung Electronics will keep its leading 26.9% of the market, followed by LG Display’s 25.6%, giving the Korean duo a dominant 52.5% market share. That is a 2.7% increase from the same period of 2010.

The newer LED technology is expected to move into the mainstream next year following steep price reductions. 3-D TVs are also expected to gain mainstream acceptance as prices drop.

Samsung Electronics is pushing to boost market share by increasing facility investment in 2010 from its current target of about $16 billion. LG Display also recently announced a $1 bil. investment in 2012 to expand its LCD production capacity.

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