In our latest quarterly display panel capital expenditure and device reports, we expand the panel capacity share (based on area) to 2025, resulting in many interesting results.
First, we now see the total display panel capacity rising from 2018 to 2025 with a composite annual growth rate of 4 per cent, with the composite annual growth rate of 20 per cent for oled and 3 per cent for lcd. With the completion of the new oled flour mill, some of the lcd panels have been turned to oled, and some lcd panels have been scaled down or closed, and the oled shows that the share of the capacity is expected to rise from 5% to 14%.
Oled and lcd capacity share prediction :
Looking at mobile apps alone reveals a different story, with rigid and flexible oled surpassing ltps / oxide lcd, in 2020 and reaching 65 per cent of mobile capacity in 2025. Oled is expected to grow at a compound annual rate of 13 per cent and LCD at 2 per cent. We also showed flexible oled over 2018 rigid oled and 2022 mobile lcd. Mobile lcd capacity is expected to stop growing from 2020, and flexible oled capacity accounts for 49 percent of mobile display in 2025, so we want to see falling costs and surging demand for folding, curly and stretch flexible screens.
According to the country, China's display panel capacity share is expected to rise from 40% in 2018 to 58% in 2025, with a composite annual compound growth rate of 8%. China will be more than twice the market share of South Korea or Taiwan from 2020, and its share will be three times higher than that of South Korea in 2021. South Korea's capacity is expected to drop at a rate of-2.5 per cent, while other regions are flat. We may see more production outside China or a more productive line shut down. In lcd, china's share is expected to be more dominant, with a share of 61 per cent from 2023 to 2025. South Korea's share is expected to fall from 24 per cent in 2018 to 11 per cent in 2025, with an annual average growth rate of-8 per cent, as the old plant has been converted to or closed. Taiwan's share peaked at 30 per cent in 2017 and is expected to drop to 23 per cent at the end of the forecast.