DSCC released its display equipment spending pivot tables for the Q3’21 versions of its:

• Quarterly Display Capex and Equipment Market Share Report
• Quarterly OLED Supply/Demand and Capital Spending Report

Highlights are as follows:

• We have raised our 2020-2025 LCD + OLED equipment revenues on a move-in basis by 12% vs. our prior issue to $79B;
• We raised 2020-2025 LCD spending by 38% to $32B on a number of new LCD projects, including BOE’s new G10.5 fab, B17+ and additional spending at HKC H2, HKC H4, SIO, CSOT T5, etc.;
• We kept OLED spending flat at $47B despite the removal of BOE’s next mobile OLED fab and T5 going with LCD first. These declines were offset by new G8.5 oxide OLED fabs for IT markets;
• While we previously saw 2021 spending for LCDs and OLEDs down 24% on a move-in basis, we now see it down 17%. 2022 is expected to be flat, but we now see growth in both 2023 and 2024;
• 2020 to 2024 spending is expected to average $14.2B/year;
• Applied Materials is expected to gain share for the fifth straight year in 2021 and reclaim the top spot over Canon. Nikon is expected to be #3 followed by V Technology, Invenia, TEL, ULVAC, AP Systems, DMS and LG PRI;
• Market share is provided for over 70 different segments and over 140 different suppliers as well as by manufacturer, by region, for LCDs vs. OLEDs, backplane vs. frontplane vs. cell, color filter and module equipment and more;
• China’s share of display equipment spending is expected to rise from 86% in 2020 to 97% in 2021 but will fall to 77% in 2022 as Korea’s share rebounds.

DSCC’s Display Equipment Spending Forecast (Move-In Basis)