DSCC says that it expects OLED investments (new production capacity) to increase in the IT space, as demand for laptops, tablets and monitors increases and OLED penetration increases. There is much room for growth in this market - DSCC estimates that the current OLED penetration into the IT display market is just 1.4% in 2021. DSCC expects to see fabs focused on the IT markets accounting for 37% of 2022-2025 OLED equipment spending.
Helped by spending in IT markets, 2024 is expected to be the largest year for OLED equipment spending since 2017. Interestingly, DSCC says that OLED spending in China is has slowed due to a lack of penetration, but OLED spending in Korea continues to increase. Korea’s OLED spending is expected to grow by 637% in 2022 and another 50% in 2023 to $4.4B.
