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2020 - 2024 LCD Capex to Reach $63.5B, OLED at $70.8B
As LCD large area panel prices remain high, panel makers are planning to increase capacity. DSCC raised their estimates for 2020-2024 LCD spending by 38% to $32B, accounting for BOE’s new G10.5 fab, B17+ and additional spending at HKC H2, HKC H4, SIO, CSOT T5, AUO and HannStar.
As LCD large area panel prices remain high, panel makers are planning to increase capacity. DSCC raised their estimates for 2020-2024 LCD spending by 38% to $32B, accounting for BOE’s new G10.5 fab, B17+ and additional spending at HKC H2, HKC H4, SIO, CSOT T5, AUO and HannStar.
- OLED capex was forecast down by $1.5B $52.8B due to the removal of BOE’s next mobile OLED fab offset by Samsung’s $2B capex for a new G8.5 oxide OLED fabs for IT markets.
- 2021 to 2024 spending is expected to average $13.7B/year.
- Applied Materials is expected to gain share for the fifth straight year in 2021 and reclaim the top spot over Canon. Nikon is expected to be #3 followed by V Technology, Invenia, TEL, ULVAC, AP Systems, DMS and LG PRI.
- China’s share of display equipment spending is expected to rise from 86% in 2020 to 97% in 2021 but will fall to 77% in 2022 as Korea’s share rebounds.
