DSCC says that spending on equipment for the production of large area OLED panels (used in TVs and monitors) have decreased from $3 billion in 2019 to $2.05 billion in 2020, $1.47 billion in 2021 and will drop further to $1.42 billion in 2022.
DSCC estimates that in 2023, the spending on such equipment will be zero. But OLED producers will resume buying large OLED equipment in 2024. Spending in 2024 will amount $2.01 billion, and in 2025 - $1.51 billion.
Currently the only two producers of large-area OLED panels is LGD (WOLED) and Samsung Display (QD-OLED). But in 2024, most of the spending (76%, in fact) will come from TCL's CSoT which will adopt ink-jet printing for the production of OLED TVs.
LG Display is expected to spend $492 million 2024, but will not increase capacity in 2025. Samsung Display is not expected at this stage to increase its QD-OLED capacity at least until 2026. The company is expected to focus on simplifying its backplane process and reduce emission layer (perhaps by adopting a blue PHOLED emitter). This will reduce costs and increase actual production capacity for Samsung without the need for more equipment.
