What They Say
DSCC upgraded its forecast for industry capacity by 3% in 2025 as a number of OLED fabs may arrive a bit quicker than previously expected.
- LCD TVs continue to dominate capacity, but are only growing at a 1.4% CAGR with their share falling from 72% in 2020 to 67% in 2025.
- OLED TVs are expected to enjoy the fastest growth, rising at a 32% CAGR with their share rising from 2% in 2020 to 7% in 2025.
- Mobile OLEDs are expected to grow at an 11% CAGR, up from 10%, and reach a 7% share, up from 5% in 2020.
In terms of makers, BOE will dominate supply, ahead of CSOT as they acquire CEC Panda and Samsung Suzhou, respectively.
Overall G7+ capacity will grow but only at 2.8% CAGR, so more slowly than in recent years. There is more data with more charts at the link.
What We Think
Given the current economic outlook, a small capacity boost for the industry is probably enough to keep markets supplied. (BR)
