Is Global Display Equipment Spending Set to Hit $76 Billion by 2027?
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Synopsis
The global display equipment market is on the rise, with spending expected to hit $76 billion by 2027. This growth is fueled by the increasing demand for OLED and LCD technologies across various sectors, including automotive and mobile. Discover how these trends impact the industry and what innovations are leading the way.
Key Takeaways
- Global display equipment spending is expected to reach $76 billion by 2027.
- OLED technology is driving significant investment growth.
- LCD spending is forecasted to decline by 45% YoY by 2025.
- Canon is projected to maintain a 12% market share by 2025.
- Emerging companies are rapidly capturing market share from established players.
New Delhi, Aug 17 (NationPress) A recent report indicates that worldwide spending on display equipment is projected to reach a total of $75.8 billion from 2020 to 2027.
The growing demand for OLED and LCD displays, particularly from the IT, automotive, and mobile phone industries, along with new segments like XR (AR/VR/MR), has led display manufacturers to significantly increase their capital expenditures on equipment, as highlighted by Counterpoint Research.
The primary technologies driving these substantial capital investments include OLED, followed by LCD and Micro-OLED.
By 2025, spending on OLED-related equipment is anticipated to rise by 31% year-on-year, whereas LCD spending is forecasted to decline by 45% YoY.
From 2025 to 2027, OLED is expected to make up 80% of total investments, driven by new Gen 8.7 IT OLED and Gen 6 technologies, while the share for LCD is predicted to drop to a mere 17%, according to the report.
So far, most OLED manufacturers with Gen 6 (1500x1850 mm) fabs have transitioned to Gen 8.7 (2290x2620 mm) without changing the deposition method, thanks to stable yields and advancements in Fine Metal Mask (FMM) technology.
“Visionox’s V5 fab has opted for Photo Patterned OLED technology, while CSOT’s t8 line is expected to utilize RGB Inkjet OLED. This transition in evaporation methods represents a strategic move to maintain a competitive edge and reduce costs for next-generation OLED panels,” stated senior analyst Jayden Lee.
Lee emphasized that recent research into FMM, mask-less (Photo Patterned), and RGB Inkjet technologies reveals, “Currently, there is no significant capital expenditure difference between the FMM and Photo Patterned processes used by BOE and Visionox, respectively.”
The display equipment supply chain is lengthy and fragmented, in contrast to that of semiconductor fab equipment.
Canon (including Anelva and Tokki) is expected to maintain its market leadership, with revenues projected to grow by 9% YoY and secure 12% market share by 2025.
Companies such as Sunic, Nissin, Screen, Viatron, and Suzhou Xinda are experiencing rapid growth, capturing market share from established players.
Among the top 20 companies in this sector, 8 hail from Japan, 7 from South Korea, 4 from China, and 1 from the US.
Point of View
The growth in global display equipment spending reflects the dynamic nature of technology in our everyday lives. As demand for high-quality displays surges across various industries, it is imperative to recognize the innovations and competitive strategies that will shape the future landscape. The report underscores the importance of staying informed and adaptable in this rapidly evolving sector.
NationPress
19/08/2025
Frequently Asked Questions
What is the projected spending on global display equipment by 2027?
Global spending on display equipment is expected to reach $76 billion by 2027, according to a recent report.
Which technologies are driving investment in display equipment?
The primary technologies driving investment include OLED, LCD, and Micro-OLED.
What is the expected growth rate for OLED equipment spending?
OLED-related equipment spending is projected to increase by 31% year-on-year by 2025.
What companies are leading the display equipment market?
Canon, along with companies like Sunic, Nissin, and Screen, are among the leaders in the display equipment market.
Which countries are home to the top display equipment companies?
Among the top 20 companies, 8 are from Japan, 7 from South Korea, 4 from China, and 1 from the US.
