LG Set To Cease Plasma TV Production Next Month

Written by Martin Kovacs     02/10/2014 | 15:27 | Category: PLASMA

LG is poised to cease production of plasma TVs as early as next month, joining the likes of Samsung and Panasonic in exiting the category as new TV tech takes over.

LG Set To Cease Plasma TV Production Next Month

The South Korean multinational will shift its focus to LED and OLED displays, stating "this is the last year" for plasma, according to Trusted Reviews.

"We have not decided on the exact timing of discontinuing the PDP (plasma display panel), but we believe that this year is the last year to produce the PDP," Hugo Shin, LG Home Entertainment product communications director, told Trusted Reviews.

With the market evolving and embracing new technologies, Samsung this year joined Panasonic in exiting the plasma category, leaving Chinese company Changhong as one of the few remaining manufacturers still launching plasma TV displays.

Earlier in the year, market research firm NPD DisplaySearch forecast global LCD TV shipments would rise almost 5 per cent in 2014 at the expense of plasma and CRT TV shipments, which it forecast to fall 48 per cent and 50 per cent, respectively.

NPD forecast both technologies will all but disappear by the end of 2015, with manufacturers focusing on LCD, which it stated has become more cost competitive.

Meanwhile, NPD found OLED is expected to grow as an alternative flat panel display technology, however is expected to account for less than 1 per cent of shipments through to 2017.