LG Display Unveils Automotive Display Solutions Optimized for SDVs at CES 2024

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LG Display (LPL) to Unveil Next-Generation Automotive Display Solutions at CES 2024

Market Research Analyst

The announcement by LG Display about its next-generation automotive display solutions, particularly for Software-Defined Vehicles (SDVs), represents a strategic move to capture a growing segment within the automotive industry. The trend towards increased 'screenification' in vehicles is indicative of a broader shift towards more technologically advanced and interconnected vehicles. This is a clear sign that LG Display is aligning its product development with market demand.

From a market perspective, the introduction of technologies like P-OLED, ATO and LTPS LCD could potentially disrupt the current market dynamics by offering superior quality and performance. The differentiation in technology, especially with the safety enhancement feature like 'Switchable Privacy Mode (SPM)', could provide LG Display a competitive edge over other display solution providers. This innovation may lead to increased partnerships with automakers, which in turn could positively impact LG Display's market share and revenue growth.

The emphasis on safety and space efficiency with features such as Slidable and Foldable OLEDs could also resonate well with consumers who are increasingly valuing these aspects in vehicle design. As car manufacturers continue to integrate more display technology into their vehicles, suppliers like LG Display that can offer advanced, high-quality solutions are likely to benefit.

Automotive Industry Analyst

LG Display's focus on automotive display solutions optimized for Software-Defined Vehicles (SDVs) is a strategic recognition of the automotive industry's evolution towards vehicles that are highly reliant on software for functionality. SDVs are becoming akin to 'smartphones on wheels' and the role of display technology is becoming central to the user experience. LG Display's unveil at CES 2024 could set a precedent for the future design and functionality of vehicle interiors.

The company's use of advanced materials and technologies like P-OLED and ATO indicates an industry trend towards lighter, more flexible and cost-effective display solutions. This could signal a shift in supply chain dynamics as manufacturers may begin to source from companies that can provide these advanced materials. As LG Display introduces these innovations, it could prompt other industry players to accelerate their own R&D efforts to keep pace.

Furthermore, the 'Switchable Privacy Mode' is a direct response to safety concerns associated with increased screen usage in vehicles. This feature could become a standard expectation in future vehicle models, influencing design and regulatory standards in the automotive industry. The long-term implications for stakeholders include potential changes in regulatory frameworks around driver distraction and the integration of display technologies.

Financial Analyst

LG Display's strategic direction towards automotive display solutions could have significant financial implications for the company. The automotive industry is undergoing a major transformation with the rise of electric vehicles (EVs) and autonomous driving technology, where display solutions play a critical role. LG Display's innovation in this space, particularly with P-OLED, ATO and LTPS LCD technologies, could lead to an increase in its market share within the automotive sector, which would be a positive development for investors.

Investment in R&D and the establishment of a presence at a major event like CES suggests that LG Display is committing significant resources to capitalize on this opportunity. This could result in increased operational costs in the short term, but if the market responds positively to these innovations, it could lead to higher order volumes and long-term revenue growth. Investors should monitor the adoption rate of LG Display's technologies by automakers and the resulting financial performance.

Additionally, the introduction of safety features such as the 'Switchable Privacy Mode' may align with global regulatory trends towards safer vehicle technologies, potentially opening up new markets and creating additional revenue streams for LG Display. The financial health of LG Display could be further bolstered if these technologies set new industry standards, leading to a sustainable competitive advantage.

SEOUL, South Korea, Dec. 31, 2023 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that it will unveil its next-generation automotive display solutions at the world's largest IT and home appliance exhibition, CES 2024, held in Las Vegas in January 2024.

 

Under the theme of 'Shaping the future of mobility space,' LG Display will present its innovative automotive technologies for global automakers and auto parts companies in Las Vegas Convention Center (LVCC) to further accelerate its order-based business for automotive display solutions optimized for Software-Defined Vehicles (SDVs).

Also known as 'smartphones on wheels,' SDVs are associated with 'screenification,' a concept that refers to the increase in the number of automotive displays within a vehicle as various vehicle control and infotainment features continue to advance.

LG Display will showcase various large-sized automotive display solutions that completely cover the vehicle's dashboard, leveraging differentiated technologies such as P-OLED, Advanced Thin OLED (ATO), and LTPS (Low-Temperature Polycrystalline Silicon) LCD.

The ultra-high-resolution P-OLED features a flexible plastic substrate for a lightweight and flexible panel. ATO, on the other hand, utilizes glass substrates to offer the core strength of automotive OLED at a more competitive price point. In addition, LTPS LCD is a high-performance panel that enables larger and higher-resolution displays compared to existing LCDs.

LG Display will also introduce its safety enhancement solution, 'Switchable Privacy Mode (SPM),' which automatically adjusts the display's viewing angle away from the driver's line of sight to keep their eyes focused on the road. When active, content such as movies or games being displayed on the front passenger's side is diverted away from the driver's side so that only the passenger can watch it.

Furthermore, the company will also present solutions that offer new driving experiences while maximizing space efficiency within the limited confines of a vehicle, such as Slidable and Foldable OLEDs installed in the back of seats that can be hidden away or extended for use on demand.

"We will continue to strengthen our global leadership with our latest optimal automotive display solutions for the next generation of mobility," said Byeong-koo Kim, Senior Vice President and Head of Auto Business Group at LG Display.

About LG Display

LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is the world's leading innovator of display technologies, including thin-film transistor liquid crystal and OLED displays. The company manufactures display panels in a broad range of sizes and specifications primarily for use in TVs, notebook computers, desktop monitors, automobiles, and various other applications, including tablets and mobile devices. LG Display currently operates manufacturing facilities in Korea and China, and back-end assembly facilities in Korea, China, and Vietnam. The company has approximately 70,707 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

Hyojin Kim, Assistant Manager, Communication Team
Email: kimhyojin_0806@lgdisplay.com 

Joo Yeon Jennifer Ha, Manager, Communication Team 
Email: hjy05@lgdisplay.com 

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SOURCE LG Display

What is LG Display's plan for CES 2024?

LG Display will unveil its next-generation automotive display solutions at CES 2024, focusing on innovative automotive technologies for global automakers and auto parts companies.

What are Software-Defined Vehicles (SDVs)?

SDVs are 'smartphones on wheels,' associated with 'screenification,' which refers to the increase in the number of automotive displays within a vehicle as various vehicle control and infotainment features continue to advance.

What technologies will LG Display showcase at CES 2024?

LG Display will showcase various large-sized automotive display solutions, including P-OLED, Advanced Thin OLED (ATO), and LTPS (Low-Temperature Polycrystalline Silicon) LCD.

What is 'Switchable Privacy Mode (SPM)'?

SPM is LG Display's safety enhancement solution, which automatically adjusts the display's viewing angle away from the driver's line of sight to keep their eyes focused on the road.

Who is Byeong-koo Kim?

Byeong-koo Kim is the Senior Vice President and Head of Auto Business Group at LG Display.