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DisplaySearch raises 2004 TFT-LCD equipment spending forecast

Posted: 28 Jan 2004 ?? ?Print Version ?Bookmark and Share

Keywords:displaysearch? tft-lcd? samsung?

According to DisplaySearch's latest "Quarterly TFT-LCD Supply/Demand and Capital Spending Report," 2004 is now expected to be by far the biggest year ever in TFT-LCD equipment spending, with equipment expenditures projected to reach $9.42 billion, 41 percent higher than the previous annual record achieved in 2000.

The report predicts 2004 spending will be up by 43 percent, compared to 2003 when spending rose 26 percent to $6.59 billion. The projected increase in 2004 spending is integral to the elevated long-term growth in TFT-LCD revenues, particularly the increased penetration of LCD TVs into the TV receiver market, which DisplaySearch now expects will exceed 50 million units in 2008.

DisplaySearch anticipates that during this forecast period, 2004 will represent the highest concentration of investment, as manufacturers accelerate new fab investments in response to overwhelming demand.

The report includes the following highlights:

? Taiwan producers are expected to lead the spending charge, as they capture an estimated 49 percent capex share in 2003 and a forecasted 50 percent share in 2004. Taiwan is also expected to lead in capex in 2005.

? Chinese manufacturers are building 5G fabs in 2004, and are expected to account for 11 percent of 2004 spending. Although Japan is estimated to account for a 26 percent share in 2003, their share is expected to drop to 10 percent in 2004.

? South Korea will also play a significant role, as their share of the total spending rises from an estimated 24 percent in 2003 to a forecasted 28 percent in 2004.

? Investment in 5G equipment is estimated to represent over 60 percent of the total array equipment spending in 2003 and is predicted to account for more than 50 percent in 2004. 6G equipment will dominate in 2005.

? Among the principal suppliers, Samsung is expected to lead in spending in 2004, as they capture a 17 percent share with the expansion of their second 5G line, as well as the world's first 7G generation fab. AUO is projected to be a close second, followed by LG.Philips LCD, with newcomer Innolux fourth at 10.5 percent.

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