LG Display Demonstrates Spatial Innovation Through Transparent OLEDs at CES 2022

Rhea-AI Summary

LG Display, a leading innovator in display technologies, will showcase its new Transparent OLED solutions at CES 2022. These solutions aim to enhance everyday spaces such as homes, offices, and retail environments. Key products include the OLED Shelf, Shopping Managing Showcase, and Smart Window, each designed to improve aesthetics and functionality. With a proprietary technology in large Transparent OLED displays, LG Display predicts a significant market growth, reaching around USD 2.7 billion by 2025. The company continues to provide innovative solutions for modern living.

Positive

• Introduction of new Transparent OLED solutions expected to enhance consumer experiences.
• Proprietary technology in large Transparent OLED displays sets the company apart in the market.
• Expected market growth of the Transparent OLED display market at a compound annual growth rate of 116%, reaching USD 2.7 billion by 2025.

Negative

• None.

SEOUL, South Korea, Dec. 26, 2021 /PRNewswire/ -- LG Display, the world's leading innovator of display technologies, announced today that it will introduce its new Transparent OLED solutions at CES 2022.

The company aims to demonstrate the new and innovative consumer experiences and values its Transparent OLED solutions will bring to normal everyday spaces like commercial facilities, offices, homes, and transportation.

To modernize home life, LG Display is preparing to take the wraps off its latest concept, 'OLED Shelf,' which combines two Transparent OLED displays, one above the other, and seamlessly blends into any living room decoration while adding a touch of elegance as it is hanging off from the shelf on the wall. The innovative OLED Shelf is perfect for displaying TV shows or gallery paintings while running in its Always on Display Mode, further demonstrating Transparent OLED displays' ability to transform any home interior into a living space that exudes modernity.

LG Display is also set to unveil its 'Shopping Managing Showcase,' a Transparent OLED display fitted inside a wooden display stand, which will reinvent the offline shopping experience. Ideal for luxurious department stores, the Shopping Managing Showcase can display eye-catching visual content on the screen that harmonizes with the products on display behind to better grab the attention of shoppers and elevate the ambience of the place.

Another example of how LG Display is redefining the shopping experience is its 'Show Window,' which consists of four 55-inch Transparent OLED displays. The distinctive Show Window maximizes the advertising potential of window displays by delivering a more unique and informative shopping experience.

When it comes to the office, LG Display will be showcasing its 'Smart Window' which is specially designed for the office of the future. By applying this Transparent OLED technology to conference room windows, the advanced Smart Window can help professional teams maximize their productivity by transforming into an expansive screen for video conferencing, presentations, and entertainment without compromising the open view of a normal glass window. And since it saves up space by eliminating the need for large TVs or monitors, it adds a sense of openness to the workplace.

LG Display is the only company boasting proprietary technology of large Transparent OLED displays in the world. The company commercialized 55-inch Transparent OLED displays with 40 percent transparency in 2019, and since then the company's expansive and versatile Transparent OLED displays have been applied in various spaces outside the home such as shopping malls, museums, and subways.

Transparent OLED technology leverages the advantages of OLED's completely unique self-emitting nature in several ways. Considering that Transparent OLED displays flaunt a slim design, high transparency and light weight, they can be widely utilized for various industries.

According to a recent study by leading global consulting firm the Boston Consulting Group (BCG), the global transparent OLED display market is predicted to expand continuously at a compound annual growth rate of 116 percent over this decade, reaching a total value of around USD 2.7 billion by 2025 and USD 10 billion by 2030.

"With our industry-leading Transparent OLED technology, we will continue to introduce innovative high-end solutions that allow our customers to enjoy unprecedented experiences," said Lee Hyeon-woo, Senior Vice President and Head of Life Display 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, 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 63,360 employees operating worldwide. For more news and information about LG Display, please visit www.lgdisplay.com.

Media Contact:

Jean Lee, Senior Manager, Global Communications
Tel: +822-3777-1689
Email: jean.lee@lgdisplay.com

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SOURCE LG Display

FAQ

What new products will LG Display showcase at CES 2022?

LG Display will showcase its new Transparent OLED solutions including the OLED Shelf, Shopping Managing Showcase, and Smart Window.

What is the expected market growth for Transparent OLED displays?

The global Transparent OLED display market is predicted to grow at a compound annual growth rate of 116%, reaching approximately USD 2.7 billion by 2025.

What is the significance of LG Display's Transparent OLED technology?

LG Display holds proprietary technology for large Transparent OLED displays, which are designed to enhance aesthetics and functionality in various spaces.

Where is LG Display's manufacturing located?

LG Display operates manufacturing facilities in Korea and China, along with back-end assembly facilities in Korea, China, and Vietnam.

What benefits does the Smart Window offer?

The Smart Window is designed to enhance productivity in offices by transforming into a screen for video conferencing and presentations while maintaining an open view.