Regional display capacity

• China is still expected to dominate display capacity, growing from a 68% share in 2023 to 75% in 2028. China’s capacity is expected to grow at a 4.0% CAGR from 2023 to 2028.
• South Korea’s share is expected to fall from 9% in 2023 to 8% in 2028, on a 0.6% CAGR.
• Taiwan’s capacity is expected to fall at a -2.3% CAGR from 2023 to 2028, with its share falling from 19% in 2023 to 16% in 2028.
• Japan’s share is expected to fall from 4% in 2023 to 1% in 2028 due to Sharp’s closure of SDP G10 and Sakai G4.5 OLED in Q3 2024, JDI Tottori LCD in Q2 2025 and Mobara LCD in Q2 2026, on a -21.3% CAGR from 2023 to 2028.
• India is expected to delay the investment until after 2028, with operations expected to begin in 2030.

Capacity by application

• LCD TV/IT will continue to dominate during the forecast period with a share of at least 73% through 2028, followed by LCD mobile/IT with a share of at least 14%.
• OLED mobile/IT will rise to a 7% share by 2028, while OLED TV/IT will maintain a 4% share.
• OLED mobile/IT is expected to enjoy the fastest growth from 2023 to 2028 at a 6.7% CAGR, followed by OLED TV/IT at 2.6% and LCD TV/IT at 2.4%.

Display capacity

BOE is expected to maintain a large advantage in total display capacity, but its CAGR from 2023 to 2028 is now expected to be just 1.6%. China Star surpassed LGD in 2022 to rank second. In 2023, HKC surpassed LGD as LGD reduced its LCD capacity. Tianma is expected to grow the fastest with TM18 and TM19, rising at a 20% CAGR to capture a 3% share in 2028.

The abovementioned report includes all of Counterpoint’s content on OLED, LCD and Micro-OLED fab schedules, OLED and LCD capacity, LCD, OLED and Micro-OLED equipment market sizes, and 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.

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