Institution: The accelerated depreciation of OLED and LCD production capacity will drive the profitability of flat panel displays.

On February 24th, the latest research by Omdia shows that the depreciation rate of manufacturing equipment for flat panel displays is accelerating, which will alleviate cost pressures for OLED and LCD panel manufacturers. Omdia predicts that depreciation will increase at a compound annual growth rate of 9.3% from 2021 to 2028, with global fully depreciated FPD manufacturing capacity almost doubling during this period, from approximately 160 million square meters to nearly 300 million square meters.