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Niche-market touch panel specialist Higgstec expects to post flat revenue growth in 2023 despite a dismal first quarter. The gross margin will also remain stable this year.
A pull-in of short lead-time orders for handset applications led to a better-than-expected first quarter for FocalTech Systems, according to the display driver IC (DDI) specialist.
Most Taiwan-based panel makers will see their performance continue to improve in the second quarter as quotes for TV panel prices are expected to rally through June, and those for monitor applications are likely to move upward shortly, according to industry sources.
The ongoing global economic slump has led to falling demand in display panels. A new report published by UBI Research forecasts 2023 OLED fluorescent materials market to be US$1.92 billion with an annual growth rate of 7.7% YoY. It estimates the scale to climb to US$2.59 billion in 2027, a reduction from US$2.75 billion as suggested in its previous report in November 2022.
China-based panel suppliers have seen their fab utilization rates climb recently as order visibility for specific applications has improved, according to industry sources.