Mini LED Demand Rising, Industry Expected to Accelerate Outbreak

Since Mini LED application started in the second half of 2018, more and more high-end displays have adopted Mini LED backlight technology in 2019, and even some display screens have been gradually imported into RGB Mini LED, which is expected to be expanded in the second half of 2020. However, Micro LED, which was originally thought to be commercially available at least five years later, will also have a small production test within 1-2 years as the number of input manufacturers increases and the process technology breaks through.

At present, including mainland China, Taiwan and South Korea, companies have been actively attacking the Mini LED market. Taiwan LED factories such as Jingdian, Yiguang and Lunda have entered the stage of small shipments. The industry pointed out that the demand for Mini LED will show a growth trend simultaneously.

Huatai Securities pointed out that due to Mini LED‘s multiple advantages of high resolution, high contrast and high color saturation, it is expected that the permeability of Mini LED will be greatly increased in 2020, driving the industry to return to warm. China‘s Mini LED market is expected to maintain a growth of about 175% from 2018 to 2020, and the market size of Mini LED will reach 2.2 billion yuan in 2020. The latest estimate of the research institute is that the penetration rate of Mini LED backlight in IT, TV and flat panel applications will reach 20%, 15% and 10% in 2024.

The development of Lehman Optoelectronic‘s new COB display packaging adhesive can meet the demand of the next generation Mini／Micro LED display.

Guoxingguang Power began to lay out MiniLED and MicroLED technologies in 2015 and has been leading the market in the field of MiniLED display.

Oto Electronic Mini LED products have been successfully applied to Nanjing Municipal Public Security Bureau and have been commercially used in key projects in China, France, Japan, Switzerland, the Netherlands and other countries.