Starting in 2016 or so, the world's leader in OLED vacuum evaporation equipment Canon Tokki, say a surge in OLED orders - which prompted the company to double its production capacity in 2016. But in 2018 the OLED market experienced a strong slump. OLED production started to recover in June 2018, but a recovery in the OLED equipment sector is still not here.

Canon ELVESS OLED production system photo

Canon today posted its Q2 earnings, and while profits increased, the company cut its full FY2018 outlook and said that demand for its OLED production equipment is lower than previously expected.

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