English
Korean[新着] FPD生産ライン稼働率、Q3'25は低下傾向 ※全文和訳中
出典調査レポート Quarterly All Display Fab Utilization Report の詳細仕様・販売価格・一部実データ付き商品サンプル・WEB無料ご試読は こちらから お問い合わせください。
これらCounterpoint Research FPD部門 (旧DSCC) 発の分析記事をいち早く無料配信するメールマガジンにぜひご登録ください。ご登録者様ならではの優先特典もご用意しています。【簡単ご登録は こちらから 】
冒頭部和訳
2025年初めの数ヵ月間上昇していたFPD生産ライン稼働率は3月から4月にかけてピークを迎え、Q3’25は低下傾向にある。Counterpoint Researchが先週発刊した Quarterly All Display Fab Utilization Report 最新版で明らかにしている。今年に入って中国での需要急増と米国の関税政策による歪みが見られたが、FPDメーカーはその後、在庫積み増しを避けるべく生産を抑えているようだ。
同レポートは、FPD業界のすべての生産ライン、すなわち100以上のラインを対象に、生産能力、TFT投入量、稼働率を月次で追跡しており、提供データはピボットテーブルによってFPDメーカー、国、TFTライン世代、バックプレーン、フロントプレーン、基板タイプなどの項目別に分類できるようになっている。稼働率については、Q1’19以降の実績と2025年の月次予測を掲載している。
Flat Panel Display Fab Utilization Trending Down in Q3
After a rally in the first months of the year, flat panel display fab utilization peaked in March-April and has been trending down in Q3 2025, according to the latest release of Counterpoint Research’s Quarterly All Display Fab Utilization Report, issued last week. After a flurry of demand in China and distortions from US tariff policy earlier in the year, panel makers appear to be pulling back to avoid building inventory.
The report details monthly capacity, TFT input and utilization for every flat panel display fab in the industry, which means more than 100 fabs in all, and includes pivot tables to allow segmentation by supplier, country, TFT fab generation, backplane, frontplane or substrate type. The report provides historical utilization back to Q1 2019 and a forecast by month for 2025.
We saw a modest surge in utilization in Q1 2025 based on strong demand in the China TV market associated with a government subsidy program. According to Counterpoint Research’s Quarterly Advanced TV Shipment and Forecast Report, advanced LCD TV shipments in China increased by 140%, with especially strong growth in very large size TVs. Adding to the demand pull in Q1 2025, TV makers rushed to get products into the US in anticipation of a tariff increase by President Trump. As Q2 started, US TV inventory was higher than normal, and since TV imports to the US from China now face a 41.9% tariff, companies are holding back, hoping that a trade deal will provide a reduction.
Worldwide fab utilization decreased slightly QoQ in Q2 2024 despite sequential increases in utilization in Japan and Taiwan, as utilization in China fell by 2%. We expect utilization to drop further in Q3 2025 as the China number will decrease again.
TFT Monthly Fab Utilization by Region, 2024-2025
South Korea has a dramatically higher share of its capacity as OLED, while all other regions are dominated by LCD. Low utilization of OLED lines, especially OLED TV lines, means that South Korea frequently finds itself vying with Japan for the region with the lowest utilization. The slowdown in utilization in Q2-Q3 2025 is confined to LCD (see next chart), as OLED line utilization reaches a seasonal peak in Q3 with demand for smartphones peaking and improvement in OLED TV demand.
TFT Quarterly Fab Utilization by Frontplane, 2023-2025
The Quarterly All Display Fab Utilization Report, as its name implies, covers every display technology and application, but a separate Counterpoint Research report, the Quarterly OLED and Mobile/IT Fab Utilization Report, also updated last week, provides a more narrow focus on OLED and LTPS LCD for mobile devices. The next chart here shows a view of utilization for LTPS LCD and OLED with Rigid and Flexible substrates.
Rigid OLED has increased from low levels in 2023 as demand for rigid OLED panels for notebook PCs continues to increase and demand for rigid OLED smartphone panels has increased at the expense of LTPS LCD. Both rigid OLED and LTPS LCD serve the lower and middle tiers of the smartphone market, which exhibit less seasonality than the premium segment. Higher-end smartphones use flexible OLED panels, which have settled into a consistent seasonal pattern of lower UT% in the first half and higher UT% in the second half of each year, driven primarily by Apple’s product introduction cycle and holiday sales. The seasonal slowdown in Q1 2025 was milder than usual, and utilization is expected to hit its seasonal peak in Q3 2025.
The new Rigid+TFE OLED lines for LGD and SDC were running at high utilization in Q3 2024 to supply OLED panels for the OLED iPad Pro, but utilization plummeted in Q4 2024 as iPad Pro demand turned out to be surprisingly weak. Utilization of those Rigid+TFE lines is increasing slowly in 2025.
Monthly TFT Utilization by Display Technology and Substrate, 2024 - 2025
The display industry’s total capacity continues to exceed demand, but that gap is much smaller today than in 2022-2023. With geopolitical strife adding uncertainty to the demand picture, the industry will need to continue to restrain utilization to avoid a hard crash. That restraint looks a lot like a “tap on the brakes” in 2025 as compared to “slam on the brakes” in 2023 and 2024.
Counterpoint Research’s Quarterly All Display Fab Utilization Report covers capacity, TFT input and utilization by month for every flat panel display fab in the industry, with pivot tables to allow segmentation by supplier, country, TFT fab generation, backplane, frontplane or substrate type. The report provides historical utilization back to Q1 2019 and a forecast by month for 2025. Counterpoint Weekly readers interested in subscribing to the Quarterly All Display Fab Utilization Report should contact info@counterpointresearch.com.
出典調査レポート Quarterly All Display Fab Utilization Report の詳細仕様・販売価格・一部実データ付き商品サンプル・WEB無料ご試読は こちらから お問い合わせください。
