Shulou(Shulou.com)11/24 Report--

CTOnews.com November 30 news, DSCC released a report that the outlook for panel demand is still weak, indicating a sharp reduction in capital expenditure on equipment. In view of the weak demand and oversupply in the market, panel manufacturers have mostly postponed new capacity investment decisions. This situation is particularly serious in the field of LCD. Because the price of LCD TV panel is close to the marginal cost level, and not long ago, China's leading panel manufacturer BOE also said that it would not invest in any new LCD production capacity, and that it would only consider acquiring it from future mergers and acquisitions between different companies, while the previous rumor to expand production of B17 + was also removed from the forecast. The weak demand shown by LCD has also affected OLED's capital expenditure, as there is also a supply glut in the OLED sector. Most OLED panel manufacturers also have LCD production capacity. Panel manufacturers with LCD production capacity made considerable profits in the previous two years when the LCD market was good, but there are also some losses due to the general market environment. Samsung showed an exception, with record OLED operating profits and operating margins in the third quarter of 2022.

CTOnews.com learned that compared with its last forecast, DSCC reduced its spending on display equipment by 18% to $58.5 billion by 2025. With the help of new investment in BOE B20, LCD shows that capital expenditure has fallen by only 11%. OLED capital expenditure was cut by 23%, mainly due to delays in some planned investments.

For 2022, DSCC's latest report shows that spending on equipment will fall 9 per cent to $12 billion, with OLED rising 21 per cent to $5.9 billion and LCD falling 26 per cent to $6.1 billion. However, in 2023, DSCC saw spending of only $4.4 billion, a drop of 63%. Dcdc delayed a new investment, and other panel manufacturers also delayed their planned capacity, indicating that revenue is expected to continue to shrink. This is the lowest total expenditure on display equipment since 2012. OLED capital expenditure is expected to fall 60 per cent in 2023 and 67 per cent lower. OLED capital expenditure is expected to significantly exceed LCD capital expenditure from 2023, especially as OLED manufacturers target the IT market, which will take effect in 2024. DSCC forecasts that the equipment capital expenditure market will grow 90 per cent to $8.3 billion in 2024, with OLED capital expenditure up 127 per cent and LCD capital expenditure up 47 per cent.

According to the market share of equipment manufacturers in 2022, DSCC saw Canon regain the top spot in 2022, with AMAT in second place. If Canon and Tokki are separated, AMAT will rank first, Canon will be 2nd, and Tokki will be 4th. Nikon remained in third place due to an increase in the share of lithography in small quantities. ULVAC is expected to rise from No. 7 to No. 4. As the increase in dry etching share of LCD and OLED offsets the loss of the coater / developer market, TEL is expected to rise from No. 6 to No. 5 in the LCD category. Wonik IPS is expected to jump from 14th to 6th place due to orders received on Huaxing's T9 and SDC's A4, respectively.

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