68% of all smartwatches shipped in Q1 2015 use an LG display
Although a lot of this success has to do with LG being the only display supplier for the Apple Watch, LG also has a few smartwatches of its own, ranging from the original LG G Watch to the more recent LG Watch Urbane.
The research firm estimates that LG Display was able to generate revenues of US$186 million, a 90.9 percent slice of the pie. Samsung Display took the second place in the revenue race, with just 3.1 percent, followed by Japan Display with 2.4 percent of revenues, and Futaba with 1.8 percent of the pie.
LG and Samsung are the only two companies that create plastic-based OLED smartwatch display panels, which gives them a huge advantage over other display makers. OLED displays have become the smartwatch industry standard, as opposed to the smartphone market, where LCD displays are by far the most common type of panels.