DSCC updated its display equipment spending forecast, and the company now expects LCD spending to stop completely in 2023 - as all new production lines from 2023 forward will be producing OLED displays (DSCC does not include other display technologies in this report, such as QDEL, e-paper and Micro-LEDs).
2019 will see 26% decrease in spending from 2018, with OLED spending down 64%. DSCC sees a rebound in 2020, where OLED spending will jump 132% due to new mobile flexible OLED lines in China.
Looking at the market in general, from 2018-2024, BOE will lead the spending with $26 billion in total new capacity installations (a 27% market share). BOE will be followed by China Star (16% share), LGD (10%) and Visionox (8%).