Omdia released its latest analysis on the global large-area display market (LCDs and OLEDs combined), saying that it sees a decline in unit shipments of 7.3% from 2022. This is a sharper decline that what Omdia estimated a few months ago, as the demand continues to slide.

Interestingly, looking at the total market by display area, 2023 will see a slight increase (0.5%) over 2022, this is mostly because consumers are buying larger TVs and larger gaming monitors.

LG Display is demonstrating its new 30" and 77" transparent OLED displays for the first time, at the company's booth at K-Display 2023, in Seoul, Korea.

Credit: LG Display

The new 30" transparent OLED offers HD resolution, while the 77" panel offers 4K resolution. All of LG's latest transparent OLED displays offer 45% transparency. LG showed its entire range of T-OLED displays in a coffee shop setting, in partnership with Starbucks.

UK-based Excyton has won an I-Zone innovation award at SID Display Week 2023, a great testimonial to the interest in the display industry for its novel OLED and microLED pixel architectures.

Excyton concludes a very successful display week. The company's CEO, Peter Levermore, gave a presentation explaining the company's TurboLED display architecture, detailing how the technology works and the simulations the company has performed. The company also had a booth at Display Week's I-ZONE section, where it demonstrated red, green and blue TurboLED devices powered by both deep-color and light-color emitters. In fact the company says that its demonstration attracted a lot of interest from the industry, and it had many constructive meetings during the week that it is following up on to start commercial collaborations in the near future.

LG Display reported its financial results for Q1 2023, with revenues of 4,411 billion Won ($3.3 billion USD), down 40% from the previous quarter and 32% from 2022.

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The company says there is 'sluggish demand' for TV and IT products. The company plans to focus on automotive displays, smartphone OLEDs and IT OLEDs (mid-sized panels). LG also aims to increase its sales of OLED gaming monitor panels and transparent OLED displays.

Sony's long-awaited second-gen VR headset, the PlayStation VR2, is finally shipping. Sony is offering the new headset for $549.99 in the US, and it is also available globally.

The PlayStation VR2 is based on dual 120fps 2000x2040 OLED displays that provide a 110-degree FOV. This is the first major VR headset based on AMOLED displays for a long time.

According to reports from Korea, LGD is now applying MLA to its gaming monitors, as it sees the growing gaming market as an important one for its future growth.

LG Display announced that it is starting to produce 27" and 45" 240Hz WOLED panels, optimized for gaming applications. The 45" panel is an ultra-wide 3440x1440 (WQHD) curved one.

LG Electronics already unveiled monitors based on these panels last month, the Ultragear 27GR95QE-B and 45GR95QE. LGE did not say when these monitors will ship, but it will likely happen soon if LGD is already producing the panels. Other companies, including Asus and Corsair have also developed monitors based on these panels.

According to reports, LG Display will start producing mid-sized W-OLED panels, as it is concerned that demand for TV panels is on the decline.

LGD will start producing 27-inch WOLED panels as early as by the end of October, targeting small TVs and gaming monitors. LGE will be LGD's first customer, and it plans to release its 27-inch OLED display in Q1 2023.

Earlier this month we reported that LG Display aims to start making 20-inch OLED panels, but we did not know the technology that LGD will adopt - WOLED (from its 8.5-Gen TV lines) or RGB (from its pOLED 6-Gen lines).

LGD now says that it is indeed developing panels for gaming monitors, with sizes ranging from 20-inch to 30-inch. The company also disclosed that these will be WOLED panels, produced at its 8.5-Gen lines. LGD also confirms that the first panels will be released by the end of 2022.

LG Display's VP Kang Won-Seok says that the company is working on several new panels and technologies, which it plans to announce soon.

First up is a 20-inch OLED, for applications in personal devices. This panel will be demonstrated before the end of the year. It is not clear whether LGD will adopt its WOLED technology or its RGB technology for such panels.