Japanese
KoreanLCD Capacity Upgraded on Numerous Expansions
DSCC upgraded its LCD capacity forecast in the latest issue of its Quarterly Display Capex and Equipment Market Share Report while reducing its OLED capacity forecast. As indicated in the figure, DSCC upgraded its 2025 display capacity forecast by 4.4% versus the prior issue due to 14 new LCD investments as manufacturers respond to tight supply and higher prices. Manufacturers are also looking to stretch capacity through process simplification and de-bottlenecking to meet demand and take advantage of the higher prices. We now see 10% growth in LCD + OLED capacity in 2021, with 3%-5% growth from 2022-2025. Relative to last quarter, capacity growth is 1% - 5% higher per year from 2021-2025. Display capacity is now growing at a 5.2% CAGR versus 4.3% last quarter. LCD capacity was upgraded by 5.3% versus the previous issue and now grows at a 3.9% CAGR versus 2.8% last quarter.
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