We have updated DSCC’s Quarterly OLED Supply/Demand and Capital Spending Report for Q3, with DSCC’s latest capacity outlook for the industry and our forecast for OLED panel demand. As we have reported for more than a year now, OLED for smartphones (technically, for Small & Medium applications) continues to have a substantial oversupply which is expected to persist for years. We have revised our outlook for OLED TVs on both the supply and demand sides, and while we continue to expect high utilization at OLED TV fabs, we no longer describe this as supply constrained.
In our Quarterly Display Supply Chain Financial Health Report, we compare the financial results of all panel and equipment suppliers. We covered the panel supplier results 2 weeks ago; here we will cover the equipment supplier results.
With all the financial results of panel makers for Q2 2019 now available, we have compiled a comparison view as part of DSCC’s Quarterly Display Supply Chain Financial Health Report. The report allows a direct comparison of the companies in the industry on a common currency (US$) on the important metrics for business success. The comparison highlights the dominant position of Samsung in terms of industry profits, as well as some of the challenges faced by the industry.
In our latest Quarterly Display Capex and Equipment Report, we extended our capacity forecasts out to 2025 which produced a number of interesting results.
First, we now see total display capacity rising at a 4% CAGR from 2018-2025 with OLEDs rising at a 20% CAGR and LCDs rising at a 3% CAGR. The OLED share of display capacity is expected to rise jump from 5% to 14% as new OLED fabs are built, some LCD fabs are converted to OLEDs and some LCD fabs are downsized or shut down.
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