LCD displays remain a large global panel industry even as OLED expands in several applications. The statistics below distinguish panel shipments from finished monitors, company results from industry estimates, and observed figures from forecasts.
Key LCD Display Statistics
The most broadly useful LCD display statistics in this overview are:
- In 2024, 2,426 million global TFT-LCD panels were sold, compared with 2,706 million in 2012.
- In 2024, global TFT-LCD panel revenue was US$79 billion, compared with US$92 billion in 2012.
- In 2024, global OLED panel sales reached 1,008 million units, compared with 188 million in 2012.
- In 2024, panels measuring at least 9 inches generated US$70 billion globally, up from US$61 billion in 2023.
- In 2024, panels smaller than 9 inches generated US$64 billion globally, up from US$57 billion in 2023.
- From 2023 to 2024, the average selling price of panels at least 9 inches rose from US$75 to US$80 globally.
- In 2024, Chinese manufacturers held an estimated 58% of global revenue for panels at least 9 inches.
- In the first half of 2024, the average global LCD TV-panel size was 50.8 inches, 1.5 inches higher year over year.
- In 2024, global display-industry panel shipment demand area increased an estimated 6% year over year.
- In 2024, BOE led global desktop-monitor panel shipments with a 30% share.
- In 2024, BOE held 35% of global notebook-panel shipments, while AUO held 19%.
- In 2024, BOE held 27% of global TV-panel shipments, compared with 24% for HKC and 18% for AUO.
- In 2024, LG Display sold 81.6 million IT-product panels globally, up from 78.2 million in 2023.
- From 2023 to 2024, LG Display’s average IT-panel selling price rose 16%, from KRW 100,000 to KRW 116,000.
- In 2024, OLED products represented 55% of LG Display’s total revenue, seven percentage points higher than a year earlier.
- In 2024, an ENERGY STAR Acer 14-inch TFT-LCD monitor listed 11.11 kWh/year in Canada’s certified-results database.
- Under current ENERGY STAR monitor criteria, on-mode power receives a 35% weight and sleep-mode power a 65% weight in the TEC formula.
Contents
- Global LCD panel scale and revenue
- LCD display size, region and application data
- Monitor and IT-display shipment statistics
- LCD display manufacturing and competitive shares
- Energy-use statistics for certified LCD monitors
- LCD technology, pricing and transition trends
Global LCD Panel Scale and Revenue Statistics
The global TFT-LCD series measures panels rather than finished monitors. According to the LG Display 2024 Form 20-F, global TFT-LCD panel sales were 2,426 million units in 2024, down from 2,706 million in 2012.
The same Omdia market-revenue series, cited by LG Display, places global TFT-LCD panel revenue at US$79 billion in 2024, versus US$92 billion in 2012. These figures describe the global TFT-LCD industry and should not be read as sales of retail monitors.
| Global panel measure | 2012 | 2024 |
|---|---|---|
| TFT-LCD sales volume | 2,706 million panels | 2,426 million panels |
| TFT-LCD revenue | US$92 billion | US$79 billion |
| OLED sales volume | 188 million panels | 1,008 million panels |
| OLED revenue | US$7 billion | US$54 billion |
The OLED figures are a comparator technology in the same cited series. They show OLED panel sales rising to 1,008 million units and US$54 billion in 2024 from 188 million units and US$7 billion in 2012; they are not LCD statistics and do not represent the entire display market.
LCD Display Size, Region and Application Data
Panel size is an important boundary in the market data. In 2024, panels at least 9 inches generated US$70 billion globally, up from US$61 billion in 2023, while panels smaller than 9 inches generated US$64 billion, up from US$57 billion.
The LG Display 2024 Form 20-F reports the following Omdia average selling prices across the defined panel populations:
| Panel population | 2023 revenue | 2024 revenue | Average selling price change |
|---|---|---|---|
| At least 9 inches | US$61 billion | US$70 billion | US$75 to US$80, about +6% |
| Smaller than 9 inches | US$57 billion | US$64 billion | US$21 to US$23, about +10% |
The threshold is panel diagonal, not a finished-product category, and the smaller-than-9-inch group includes non-monitor applications. In the first half of 2024, the average LCD TV-panel size was 50.8 inches globally, an Omdia estimate reported by BOE, and it increased 1.5 inches from the first half of 2023.
Estimated 2024 revenue shares also differed by size. For panels at least 9 inches, Chinese manufacturers held 58%, Korean manufacturers 21%, Taiwanese manufacturers 16% and Japanese manufacturers 5%; these are revenue shares, not unit shares.
For panels smaller than 9 inches, Korean manufacturers held 47%, Chinese manufacturers 42%, Taiwanese manufacturers 6% and Japanese manufacturers 5%.
The AUO 2024 Annual Report reports that global display-industry panel shipment demand area increased 6% year over year in 2024. AUO projected a 5% increase for 2025, partly driven by IT replacement demand; this is a company outlook and forecast, not an observed 2025 result.
LCD Monitor and IT-Display Shipment Statistics
Company reporting helps show how broad the monitor category is. LG Display sold 115.2 million panels measuring at least 9 inches in 2024, but that total includes OLED and LCD panels across multiple applications rather than finished monitors alone.
LG Display’s IT-product panel revenue was KRW 9,420 billion in 2024, up 20.0% from 2023. The category includes monitors, laptops and tablets, so it should not be treated as an LCD-only monitor series.
| LG Display category | 2023 | 2024 | Change or definition |
|---|---|---|---|
| IT-product panel units | 78.2 million | 81.6 million | +4.4% |
| IT-panel average selling price | KRW 100,000 | KRW 116,000 | +16.0% |
| IT-product panel revenue | Not stated here | KRW 9,420 billion | +20.0% year over year |
| TV-panel units | 13.9 million | 20.5 million | +47.5% |
| TV-panel average selling price | KRW 311,000 | KRW 291,000 | -6.4% |
All company figures in this table come from the LG Display 2024 Form 20-F. The TV category is included as a large-display comparator and has a mixed technology composition.
LG Display’s automotive-panel unit sales also increased from 17.4 million in 2023 to 19.7 million in 2024, a 13.2% increase. Automotive panels are another comparator rather than computer-monitor shipments.
LCD Display Manufacturing and Competitive Share Data
The AUO 2024 Annual Report cites Omdia shipment rankings for 2024. These are global shipment shares, so they are not directly interchangeable with revenue shares in the size-based comparisons above.
| Application and manufacturer | 2024 shipment share |
|---|---|
| Desktop-monitor panels: BOE | 30% |
| Desktop-monitor panels: CSOT | 19% |
| Desktop-monitor panels: LG Display | 18% |
| Desktop-monitor panels: HKC | 15% |
| Desktop-monitor panels: AUO | 13% |
| Notebook panels: BOE | 35% |
| Notebook panels: AUO | 19% |
| Notebook panels: Innolux | 18% |
| TV panels: BOE | 27% |
| TV panels: HKC | 24% |
| TV panels: AUO | 18% |
The rankings cover desktop-monitor, notebook and TV panels separately. They do not establish a single all-LCD manufacturer ranking, and the desktop-monitor figures are panel shipments rather than retail monitor sales.
The BOE 2024 performance release reports consolidated 2024 operating revenue of RMB 198.38 billion, up 13.66% year over year. BOE also reported approximately 140 million flexible-OLED panel shipments, about 7% of operating revenue invested in R&D, and more than 100,000 cumulative patent applications, with over 90% classified as invention patents; these are company-wide or OLED comparator measures rather than LCD-only manufacturing statistics.
Energy-Use Statistics for Certified LCD Monitors
ENERGY STAR’s live certified-results records provide model-level examples, not a representative average for every LCD monitor. The records were accessed on October 4, 2026, and the listed annual values are certification results for the named products in Canada.
| Certified model | Panel and size | On mode | Sleep mode | Annual energy |
|---|---|---|---|---|
| Acer PE140WU_z | TFT-LCD, 14 in | 3.01 W | 0.33 W | 11.11 kWh/year |
| HP E14 G4 | TFT-LCD, 14 in | 3.8 W | 0.2 W | 12.79 kWh/year |
| EIZO FlexScan FLT | IPS LCD, 23.8 in | 4.25 W | 0.28 W | 14.61 kWh/year |
| MSI PRO MP161 E2 | TFT-LCD, 15.5 in | 4.55 W | 0.19 W | 15.04 kWh/year |
| EIZO FlexScan S1734 | IPS LCD, 17 in | 5.51 W | 0.14 W | 17.66 kWh/year |
| Sharp DD-E224F | VA LCD, 21.5 in | 7.61 W | 0.15 W | 24.19 kWh/year |
| Philips 24B2G5200 | IPS LCD, 23.8 in | 8.74 W | 0.19 W | 27.88 kWh/year |
Source: ENERGY STAR Most Efficient Certified Computer Monitors Results. These product records illustrate the spread across certified models and should not be interpreted as a market-wide average or as household-use measurements.
The ENERGY STAR Displays Key Product Criteria states that its monitor TEC formula weights on-mode power at 35% and sleep-mode power at 65% over 8.76 hours-equivalent per year. The maximum TEC formula uses four screen-area bands: below 190, 190–209, 210–314 and at least 315 square inches.
ENERGY STAR also allows 2.9 kWh for full network connectivity and 2.75 kWh for USB-C power delivery in the monitor TEC requirement. These are certification allowances, not claims about typical electricity consumption.
LCD Display Technology, Pricing and Transition Trends
The long-run panel series shows LCD remaining large while OLED expanded rapidly in the cited 2012–2024 comparison. Company revenue mix provides a separate view of transition, but it should not be mistaken for a whole-industry LCD market share.
According to LG Display Announces 2024 Annual Earnings Results, OLED products represented 55% of LG Display’s total revenue in 2024, up seven percentage points year over year, and 60% of revenue in the fourth quarter of 2024.
LG Display’s Q4 2024 revenue mix was 22% TV panels, 28% IT panels, 42% mobile and other panels, and 8% automotive panels. The categories sum to 100% of the company’s quarterly revenue mix and include multiple display technologies.
The company reported consolidated 2024 revenue of KRW 26.6 trillion and an operating loss of KRW 560.6 billion. Q4 2024 revenue was KRW 7,833 billion, 15% above Q3 and 6% above Q4 2023, while Q4 EBITDA profit was KRW 1,306 billion compared with KRW 1,162 billion in Q3.
These company financial figures describe LG Display’s consolidated business rather than LCD-only profitability. They are useful for understanding the commercial setting around LCD panels, OLED growth and application mix, but they do not measure consumer adoption of one display technology across all products.