South Korean Samsung Display and LG Display led the global market for display panels in 2018 despite a slight on-year drop, according to data released by industry tracker IHS Markit.

IHS says that Samsung Display posted revenue of US$26.1 billion in the market for medium and large-sized display panels in 2018, taking up a share of 23.7 percent. Samsung stood as the leader despite the figure marking a slight retreat from 24.2 percent posted a year earlier.

LG Display followed with a share of 19.6 percent last year with revenue of $21.5 billion, the data also showed. The company's market presence drop from 21.7 percent and 20 percent posted in 2016 and 2017.

China-based BOE Technology Group followed at the third spot with a share of 10.4 percent, up from 9.4 percent posted a year earlier, trailed by Taiwan's AU Optronics Corp. with 10.1 percent.

Other major players included Innolux Corporation and Sharp Corp. that posted a shares of 9.1 percent and 5.4 percent, respectively, last year.