Published March 4, 2019

DSCC has distributed its latest capex and capacity forecasts to its Quarterly Display Capex and Equipment Service customers. Some of the key highlights include:

The highly sortable pivot tables extend to 2025 and reveal spending by manufacturer, frontplane technology, backplane technology, application, glass size, equipment segment all on a bookings and billings basis and even identifies the supplier of each equipment type at each fab along with the number of units and ASPs for each equipment type at each fab. 7 different module, metrology and color filter equipment segments will be added to the existing 40 segments later in the year.





Other highlights of the report include:

Display equipment bookings fell 25% in 2018 to $17.5B, but are expected to rise 6% in 2019 to $18.5B on stronger 2020 deliveries. The 2019 book to bill should reach 1.39.

While equipment spending for mobile displays dominated the past 3 years, TVs are expected to dominate the next 5 years with a 58% - 78% share on OLED TV/QDOLED/10.5G LCD TV and other TV technology investments. Given the much higher share of TV capacity relative to mobile and demand for better performing TV technology and current large surpluses in mobile displays, this is not a surprise. From 2018-2023, TVs are expected to lead with a 60% to 40% advantage after accounting for just a 39% share from 2016 – 2018. 2019 is particularly TV dependent with TVs accounting for a 78% share. In the case of just OLEDs, we see a similar trend with TVs accounting for just a 7% share of 2016-2018 spending, a 41% share of 2019-2021 spending and a 60% share of 2022-2023 spending.

Oxide backplanes are expected to gain a significant share of annual spending rising each year from just 3% in 2016 to 67% in 2022 and 2023. Oxide is gaining acceptance in LCD TV fabs for high refresh rate, 8K TVs, as a backplane in WOLED and QDOLED TV fabs and as a lower cost alternative to LTPS in mobile LCD and mobile OLED fabs.

Equipment Spending by Application

