LG Display expects utilization rates for Ultra HD (4K) OLED TV panels to reach between 80-90% in 2016.

The company has already reached similar utilizations for Full HD OLED panels and expects 4K applications to rise by the end of 2016.

LG Display's OLED TV panel products are mainly equipped with RGBW M+ technology and shipments for the application are expected to reach between 18-20 million in 2016, with orders to China and Japan vendors increasing most noticably.