DSCC Sees LCD Panel Oversupply Persisting Through 2023
The display industry’s current glut of LCD panels is expected to persist through the full-year 2023 and “slowly correct thereafter,” projected Display Supply Chain Consultants Monday. DSCC estimates LCD panel capacity increased 10% year over year in 2021 and another…
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5% in 2022 to date, even after the mid-year closure of Samsung Display’s last LCD production line, it said. Capacity is forecast to grow another 3% in 2023 despite the expected closure of LG Display’s P7 LCD line, it said. Though demand growth of 7% in 2023 is expected to be higher than supply growth, “the recovery does not make up enough ground to justify high utilization,” it said.