A display panel includes a first substrate, a second substrate facing the first substrate, and a pixel disposed on either the first substrate or the second substrate. When an electrode is formed, a portion of the electrode is removed to form a spacer area and a droplet including a bead spacer mixed with a solvent is provided in the spacer area. Then, the solvent is vaporized to move the bead spacer to a center of the spacer area. The second substrate is provided to face the first substrate while interposing the bead spacer therebetween. The spacer area has a dimension equal to or greater than a diameter of the droplet.