3. Market size
Mini LED displays basically cover five major application areas: commercial displays, dedicated displays, TVs, tablets, and vehicles.
Mini LED has further reduced the pixel points on the basis of small pitch. Compared with Micro LED technology, it is more mature and has cost advantages. It has achieved small-scale mass production in 2018.
The market is unanimously optimistic about the application growth potential of Mini LED. International terminal manufacturers represented by Apple have successively launched Mini LED products. The upstream and downstream industries have responded positively, which is expected to drive Mini LED backlight products to increase in volume.
According to data from Arizton, the global Mini LED market in 2018 was only about 10 million U.S. dollars. As the upstream and downstream continue to promote the industrial application of Mini LED.
The downstream demand of Mini LED ushered in exponential growth, and the global market is expected to expand to USD 2.32 billion in 2024, with a compound annual growth rate of 147.88 percent ;
The Advanced LED Research Institute (&II) pointed out that the domestic Mini LED market will grow to US2.2 billion by 2020, with a compound annual growth rate of 175 percent , which is faster than the global average.
Fourth, the competitive landscape
The global layout is relatively balanced, and the industrial chain has not yet been fully integrated. At this stage, countries have a relatively balanced layout of Mini LED technology, and the competitive landscape is not clear.
Companies such as Apple, Google, and Facebook in the United States focus on the research and development of miniaturization processes, and Apple already owns more than 47 percent of patents on key processes.
Europe pays attention to the research and development of the driving process, and the French Leti company has realized the simplified preparation process of the high-performance compound semiconductor Mini LED display.
Japan and South Korea focus on the manufacture of large-screen displays. Sony and Samsung continue to launch Mini LED products with larger areas and higher resolution, leading the world in performance indicators.
The Taiwan region of China focuses on the manufacture of small and medium-sized screen displays, and has certain advantages in technology fields such as massive transfers. Macroblock has entered the trial production stage.
Mainland China has a good foundation for development, and both upstream and downstream companies pay attention to it at the same time. my country's upstream and downstream enterprises have actively participated in the research and development of Mini LED displays, and have certain international competitiveness.
First, traditional panel companies such as BOE and Huaxing Optoelectronics have built Mini LED panel production lines, and BOE has launched strategic cooperation with Huacan Optoelectronics to jointly develop Mini LEDs;
Second, semiconductor companies such as San'an Optoelectronics are actively building Mini LED chip production lines. San'an Optoelectronics has made Mini LED a key development direction in the future;
Third, traditional LED companies such as Unilumin Technology and Lehman Optoelectronics have joined the Mini LED panel development camp, and large-screen products continue to introduce new ones;
Fourth, complete machine manufacturers such as Konka Group take Mini LED as their main research direction and invest 1.5 billion yuan to develop, produce and sell complete machine products.
Five, summary
1. Mini LED backlight LCD and OLED coexist for a long time. LCD, Mini LED and OLED are all TFT technology, so it will not happen that LCD completely replaced CRT and PDP.
LCD is mainly used in the low-end market, and OLED and Mini LED are used in high-end display terminals. The technologies complement each other. Fierce competition is expected to allow consumers to obtain better display effects at lower prices.
2. Mini LED is expected to take the lead in forming a large-scale market, and micro LED is not yet mature in terms of cost and mass production technology. Mini LED has become the best choice at the moment. In the long run, it is a transitional solution from small-pitch LEDs to Micro LEDs.
3. The current Mini LED direct display backlight is suitable, but due to the relatively mature Mini LED backlight technology, the current Mini LED application is mainly LCD backlight.
