Omdia: FPD manufacturing equipment market to bottom out in 2023 and recover in 2024
11 July 2023, 03:05:37
After peaking near $21 billion of revenue in 2017, the market for capital equipment used to manufacture OLEDs and LCD panels has suffered from continuous annual declines as the flat panel display (FPD) industry has matured. This trend is culminating in 2023, with FPD equipment revenues declining 71% to a record low of just $3.1 billion. However, Omdia's recently released OLED and LCD Supply Demand and Equipment Tracker reveals the market is expected to rebound with 153% growth to $7.8 billion in 2024.
The 2024 recovery is mainly confirmed at this point with purchase orders already placed or about to be so for Tianma's TM19 Gen 8.6 LCD, China Star's T9 Gen 8.6 LCD, Samsung Display's A6 Gen 8.6 RGB FMM OLED, and BOE's B20 Gen 6 LTPS LCD factories.
Although current FPD market conditions remain unconducive for large capital outlays by panel makers, equipment makers are hopeful that panel demand will start catching up to supply in 2024 and 2025, and that improving panel profitability will encourage new factory investments.
Panel makers are now evaluating a wide variety of new factory plans and technologies that will enable them to produce advanced displays for near-eye AR/VR, automotive, IT, and even television applications.
The timeline from factory ground-breaking to equipment move-in in China is approximately one year. While in Korea, shuttered LCD factories mean legacy facilities can be repurposed for OLED production relatively quickly and lead times for manufacturing equipment, from purchase order to delivery, are similarly about a year.
Furthermore, new factory investment decisions will be highly dependent on whether panel makers are able to win government-backed financial support, market conditions, and technical feasibility confirmation.Source
Related news
Some of the most current and important news, related to Samsung, Tianma, LG, China Star, TCL, CSOT or BOE
LG Electronics (LG) invites consumers from around the world to tune in to its LG World Premiere press conference and to come visit its exhibition booth at CES in Las Vegas this January. The press conference, hosted under the theme ‘Reinvent your future,’ is scheduled to kick off at 08:00 (PST) on January 8 at the Mandalay Bay Convention Center. Arriving on stage first, LG CEO William Cho will be announcing the...
28 November 2023
The 2024 LG G4 and 2024 LG C4 series of OLED TVs have been certified by NRRA - the National Radio Research Agency of South Korea. This certification has been granted back in September and we have somehow missed this fact. Two models are presented in the database. The first is the LG OLED77G4 from the LG G4 series, which will be named as follows, according to the market: LG OLED77G4XLA - Europe; "X" stands for a...
24 November 2023
LG Electronics announced that the new webOS Hub 2.0S for third-party brands – released for TVs in September – is branching out this month to include smart monitors, responding to the expanding smart TV market as well as the highly increasing number of single-person households. The new webOS Hub 2.0S presents greater hardware adaptability, broadening its availability beyond smart TVs, and can provide more options for...
17 November 2023
Samsung Electronics has won 28 CES 2024 Innovation Awards, including three Best of Innovation awards. These awards mean that Samsung has now been further recognized by the Consumer Technology Association (CTA) for its commitment to developing products and services that reimagine the future. They also serve as a sign of the positive things to come, with the company being eager to build on its vision for a smarter...
17 November 2023
LG Electronics (LG) has been recognized for the technological and design excellence of its latest lifestyle solutions, earning more than 30 CES 2024 Innovation Awards across Home Appliance, Home Entertainment, and B2B categories, including two coveted Best of Innovation Awards for LG OLED TVs. Bestowed every year by the Consumer Technology Association (CTA) – the organization behind CES, the world’s largest annual...
16 November 2023
Samsung has launched a pair of new desktop monitors from its Essential Monitor S3 S33GC series. These are the Samsung S24C330G and the Samsung S27C330G. Except for the sheer screen size, these two are identical in everything else. Each has an FHD IPS display with 95% sRGB and 72% NTSC coverage, 250 nits of typical brightness, 4ms GTG response time, and 100Hz refresh rate. The models have a simple design in black...
6 November 2023
LG 45GR65DC followed the 45GR75DC and was launched in the USA priced at USD 800. It has the same display as its sibling - a 44.5-inch VA unit with a 1500R curvature and a super-ultra-wide QHD resolution of 5120 x 1440 px. The display supports 10-bit color bit depth and covers 95% of the DCI-P3 color space. It delivers 400 nits of typical brightness and is VESA DisplayHDR 600 certified meaning, its peak brightness...
1 November 2023
LG 45GR75DC is launched in the USA priced at USD 900. This LG UltraGear gaming monitor boasts a 44.5-inch VA display with a 1500R curvature and a super-ultra-wide QHD resolution of 5120 x 1440 px. The display supports 10-bit color bit depth and covers 95% of the DCI-P3 color space. It delivers 400 nits of typical brightness and is VESA DisplayHDR 600 certified meaning, its peak brightness should be around 600 nits...
1 November 2023
LG 32SR53FS and LG 27SR50F are brand-new LG Smart Monitors with webOS 23. They are designed for multitasking while you work, play, and watch. The displays can be easily connected to a laptop, desktop, or gaming console. The built-in webOS 23 features also enable you to watch your favorite shows from your favorite streaming apps including Netflix, Prime Video, the Apple TV app, Disney+, HBO Max, and over 300+ free LG...
20 October 2023
The TCL SF5 Series with Fire TV built-in. This new range of Full HD TCL Smart TVs is now available in Spain and the United Kingdom. This brand-new series combines Full HD, HDR, and a slim bezelless contemporary design, available in 32" and 40" models. This TCL series comes with the Fire TV experience built-in, providing customers with easy access to their favorite content, powerful smart home controls, and the...
16 October 2023
LG Display working with fellow Korean company LG Chem succeeded in self-developing revolutionary p-Dopant which was previously dependent on overseas suppliers. "Dopant" refers to an organic compound that can be added in small quantities to the hole injection layer of OLED. This material plays a crucial role in tandem devices' charge generation layers because it not only increases the efficiency and lifespan of the...
11 October 2023
LG 27GP95U's pre-sale in China has begun as well. Just like we expected, this is simply a rebranded LG 27GP95R for the local market. It features a 27-inch 4K Nano IPS display panel that offers up to 1 ms response time and a 144Hz refresh rate. It covers 98% of the DCI-P3 color space and has 400 nits of typical brightness as well as 600 nits of peak one which is enough for a VESA DisplayHDR 600 certification. The...
2 October 2023
LG China teased the LG 27GR82Q 10 days ago on its Weibo page. As of today, this UlrtaGear gaming monitor is on pre-sale in China, priced at CNY 2,199 which is around USD 300. LG 27GR82Q has the same design and footprint as the LG 27GR83Q. The two monitors also share one and the same ergonomic and connectivity options. The OneClick stand provides up to 110 mm of height adjustment, a clockwise pivot, and -5 to 15...
2 October 2023
TCL announced the pricing and availability of its 2023 Fire TV models in two series - the TCL Q Class QLED TVs and the TCL S Class Smart TVs. TCL's Q and S Class models with Fire TV offer a seamless interface that brings together the consumer's favorite streaming apps with 200,000 free movies and TV episodes, cable and satellite content via HDMI, video games, Amazon Luna cloud gaming service, live TV, and more. The...
22 September 2023