{"id":358078,"date":"2025-08-15T16:27:22","date_gmt":"2025-08-15T10:57:22","guid":{"rendered":"https:\/\/www.technologyforyou.org\/?p=358078"},"modified":"2025-08-15T16:27:22","modified_gmt":"2025-08-15T10:57:22","slug":"global-display-equipment-spending-to-climb-to-76-billion-during-2020-2027","status":"publish","type":"post","link":"https:\/\/www.technologyforyou.org\/global-display-equipment-spending-to-climb-to-76-billion-during-2020-2027\/","title":{"rendered":"Global Display Equipment Spending to Climb to $76 Billion During 2020-2027"},"content":{"rendered":"<ul class=\"space-y-1 list-disc list-inside\">\n<li dir=\"ltr\" value=\"1\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><i><em class=\"italic\">Display equipment spending is expected to reach a cumulative $76 billion during 2020-2027.<\/em><\/i><\/span><\/li>\n<li dir=\"ltr\" value=\"2\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><i><em class=\"italic\">OLED will continue to contribute the lion\u2019s share of these capex investments, with 31% YoY growth in 2025 alone. <\/em><\/i><\/span><\/li>\n<li dir=\"ltr\" value=\"3\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><i><em class=\"italic\">Visionox and CSOT are expected to adopt a new deposition method for OLED, which is currently the talk of the town. However, the capex difference between Photo Patterned OLED and Fine Metal Mask (FMM) is negligible.<\/em><\/i><\/span><\/li>\n<li dir=\"ltr\" value=\"4\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><i><em class=\"italic\">Canon (including Tokki and Anelva), Applied Materials and Nikon are expected to continue leading the display equipment market, with a combined revenue share of 28%. <\/em><\/i><\/span><\/li>\n<\/ul>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">With the growing demand for OLED and LCD displays from the IT, automotive and mobile phone sectors, as well as emerging categories such as XR (AR\/VR\/MR), display manufacturers have been ramping up their equipment capex. Global display equipment spending for the 2020-2027 period is expected to reach a cumulative $75.8 billion, according to the latest Quarterly Display Capex and Equipment Market Share Report,\u00a0part of Counterpoint Research\u2019s Display 360 Service.<\/span><\/p>\n<h4 class=\"text-lg font-bold dark:text-white\" dir=\"ltr\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">Spending by technologies and key new processes<\/span><\/strong><\/h4>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">The major technologies driving these significant capex investments are OLED, followed by LCD and Micro-OLED. In 2025, OLED-related equipment spending is expected to increase by 31% YoY, while LCD spending is projected to decline by 45% YoY. From 2025 to 2027, OLED is forecasted to account for 80% of total investments, driven by new Gen 8.7 IT OLED and Gen 6 technologies, while LCD is expected to slip to a meagre 17% share.<\/span><\/p>\n<div data-lexical-image=\"true\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/admin.counterpointresearch.com\/statics\/images\/admin\/075c5230-7954-11f0-97e2-1ffec5304d84.jpg\" alt=\"Source: Counterpoint Research\" \/><\/span><\/p>\n<div data-lexical-caption=\"true\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">Source: Counterpoint Research<\/span><\/strong><\/div>\n<\/div>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">Until now, most OLED manufacturers with Gen 6 (1500&#215;1850 mm) fabs have expanded to Gen 8.7 (2290&#215;2620 mm) without changing the method of deposition, backed by stable yields and advancements in Fine Metal Mask (FMM) technology.<\/span><\/p>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">However, China\u2019s Gen 8.7 panel suppliers are looking to adopt technologies other than FMM. <strong>Senior Analyst Jayden Lee said,<\/strong> \u201cVisionox\u2019s V5 fab has selected Photo Patterned OLED technology, while CSOT\u2019s t8 line is likely to adopt RGB Inkjet OLED. Unlike conventional FMM, this shift in evaporation methods is seen as an effort to secure both a competitive edge and cost advantages for next-generation OLED panels.\u201d<\/span><\/p>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">Counterpoint Research closely tracks the capex investments and highlights the advantages and disadvantages of different process technologies in its quarterly Display Capex Report. Highlighting recent research findings on FMM, mask-less (Photo Patterned) and RGB Inkjet technologies, Lee noted, \u201cAt this point, we don\u2019t see a significant capex difference between the FMM and Photo Patterned processes adopted by BOE and Visionox, respectively. However, there are some caveats that will influence the overall capex investments for these processes over time. TCL CSOT\u2019s approach with inkjet scores well on lower costs but will need to improve inkjet resolution moving forward to scale across key categories. This will be critical for China-based display vendors to continue challenging their South Korean counterparts.\u201d<\/span><\/p>\n<div data-lexical-image=\"true\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><img decoding=\"async\" src=\"https:\/\/admin.counterpointresearch.com\/statics\/images\/admin\/d4881cc0-7950-11f0-97e2-1ffec5304d84.jpg\" alt=\"Source: Counterpoint Research Display 360\" \/><\/span><\/p>\n<div data-lexical-caption=\"true\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">Source: Counterpoint Research Display 360<\/span><\/div>\n<\/div>\n<h4 class=\"text-lg font-bold dark:text-white\" dir=\"ltr\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">Key equipment makers capturing display capex investments<\/span><\/strong><\/h4>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">The display equipment supply chain is long and fragmented, unlike that of semiconductor fab equipment. We track more than 170 different equipment vendors in the display equipment supply chain. Japanese equipment makers have been dominating this industry, but signs of consolidation have emerged with each generation, along with the rise of new suppliers, thanks to the geopolitical climate and the rise of China-based supply chains to support local manufacturers.<\/span><\/p>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><span class=\"underline\">Canon <\/span>(including Anelva and Tokki) is expected to continue leading the market, with its revenues projected to grow 9% YoY and capture 12% market share in 2025. <u><span class=\"underline\">Applied Materials<\/span><\/u> will see its market share slip a bit to 9% but it will remain the second-largest display equipment maker in terms of revenue. <u><span class=\"underline\">Nikon<\/span><\/u> will also see its market share erode, with revenues forecasted to decline 22% YoY this year.<\/span><\/p>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><strong><span class=\"underline\">Sunic, Nissin, Screen, Viatron and Suzhou Xinda<\/span><\/strong> are among the companies growing faster than the market and rapidly capturing share from incumbents. Among the top 20 companies, 8 are from Japan, 7 from South Korea, 4 from China, and 1 from the US.<\/span><\/p>\n<div data-lexical-image=\"true\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\"><img decoding=\"async\" src=\"https:\/\/admin.counterpointresearch.com\/statics\/images\/admin\/10a8b890-7951-11f0-97e2-1ffec5304d84.jpg\" alt=\"Source: Counterpoint Research Display 360\" \/><\/span><\/p>\n<div data-lexical-caption=\"true\"><strong><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">Source: Counterpoint Research Display 360<\/span><\/strong><\/div>\n<\/div>\n<p class=\"mb-2 relative\" dir=\"ltr\"><span style=\"font-family: georgia, palatino, serif; font-size: 12pt;\">The above mentioned report includes all of Counterpoint\u2019s content on OLED, LCD and Micro-OLED fab schedules, OLED and LCD capacity, and LCD, OLED and Micro-OLED equipment market sizes, market shares and forecasts for 80 different segments. All design wins and units by fab by equipment type are shown and quarterly revenues are provided for over 130 different display equipment suppliers. Also included are typical process flows for each major process.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Display equipment spending is expected to reach a cumulative $76 billion during 2020-2027. OLED will continue to contribute the lion\u2019s share of these capex investments, with 31% YoY growth in 2025 alone. Visionox and CSOT are expected to adopt a new deposition method for OLED, which is currently the talk of the town. However, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14083],"tags":[37486,37485],"class_list":{"0":"post-358078","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-technology-industry-news","7":"tag-global-display-equipment-spending","8":"tag-global-display-equipment-spending-to-climb-to-76-billion-during-2020-2027"},"_links":{"self":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/358078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/comments?post=358078"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/posts\/358078\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/media?parent=358078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/categories?post=358078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyforyou.org\/wp-json\/wp\/v2\/tags?post=358078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}