The increasingly prosperous Mini LED production capacity is about to enter the release period.
From high-end color TVs to tablets and carsLoad display
Mini LED technology application scenarios are constantly increasing
In fact, in the LED industry, Mini LED/Micro LED technology is not a new technology. It is a branch of improved LED display technology path born on the basis of firm technology path selection. In the "General Technical Specifications for Micro LED Commercial Display Screens" group standard, Mini LED is defined as an LED device with a chip size between 50 microns and 200 microns, and Mini LED technology is mainly used as a liquid crystal in the consumer field.The backlight of the panel is called Mini LED backlight technology. Compared with traditional LED "whole chip is bright and the whole chip is off", Mini LED reduces the number of traditional LED backlight beads. Under the same size, smaller and more lamp beads are used to improve the dynamic brightness range of the lamp beads, thereby achieving finer and denser backlight partitioning, improving brightness and contrast, and enhancing visual perception.
"Mini LED/Micro LEDs are mainly light-emitting diodes that convert electrical energy into light energy. Most mainstream product specifications are between 50 microns and 300 microns, and there are also products below 50 microns, which are micron-level processes. The smaller the size, the more advanced the technology. "In an interview, Zhang Xiaorong, president of the Deepin Technology Research Institute, said, "According to domestic production capacity, micron-level chip products are low-end products in the industry and can be mass-produced in China."
Mini LED technology is excellent in display accuracy, contrast and color performance, and once became the first choice for high-end large-screen displays.
In 2021, the 12.9-inch iPad pro launched by Apple used a Mini LED screen for the first time. This is also the first time in the world that a manufacturer has applied this type of high-end technology on the small screen of mass consumer electronics. It has greatly promoted the connection between Mini LED technology and consumer terminals, and also expanded the application scenarios of this technology.
At the same time, Mini LED technology has been applied again on another "small screen" that is visible every day - car display. In the new generation of car interiors, new energy car manufacturers such as Lideal, NIO, Great Wall, and SAIC have used Mini LED car screen displays are used as standard equipment to attract consumers, and design solutions such as surround screen, interactive, and internal and external screen displays are emerging, which has further expanded the downstream of the Mini LED industry chain. "Hiragino Sans GB", STHeiti, "Helvetica Neue", Helvetica, "Microsoft Yahei", "WenQuanYi Micro Hei", sans-serif; font-size: 18px; text-indent: 0px;'>According to incomplete statistics, as of the end of 2021, about 25 brands and 40 products have applied Mini LED technology, the product lineup covers various consumer or commercial electronic terminals such as TVs, monitors, laptops, tablets, etc. Mini LED technology has officially entered the daily life of ordinary people from high-end flagship color TV products.Arial, "Hiragino Sans GB", STHeiti, "Helvetica Neue", Helvetica, "Microsoft Yahei", "WenQuanYi Micro Hei", sans-serif; font-size: 18px; text-indent: 0px;'>Old equipment manufacturers continue to make efforts
The market supply and sales are booming soon
As display terminal products develop toward miniaturization, lightweight, intelligence, and three-dimensionality, high image quality and low power consumption have become the common goals pursued by consumers. Mini LED/Micro LED is considered to be the most potential new display technology due to its many advantages such as high resolution, high brightness, high contrast, high color saturation, low power consumption, fast response speed, thin thickness, and long life.
The expanding application scenarios have prompted a significant increase in demand for Mini LED products. Data shows that by 2024, the global Mini LED market will grow from US$150 million in 2021 to US$2.32 billion, and will reach US$5.9 billion by 2025, with an average annual compound growth rate of 86.6% from 2019 to 2025; by 2026, global Micro LED display shipments will reach 15.5 million units, with an average annual compound growth rate of 99%.
The huge stock replacement market and incremental market have created opportunities for the development of the Mini LED industry, Mini Upstream chip, midstream packaging and downstream display-related manufacturers in the LED industry chain have made arrangements, such as Dongshan Precision, Nationstar Optoelectronics, Huacan Optoelectronics, Jucan Optoelectronics, Zhaoyuan Optoelectronics, Zhaochi Optoelectronics, Qianzhao Optoelectronics, Jingtai Co., Ltd., Jinko Electronics and other upstream and midstream leading chip and packaging companies have been expanding their Mini LED production capacity in the past two years.
In addition, a large number of established equipment manufacturers are also making efforts, including Sanan Optoelectronics Mini/Micro The LED base is put into operation, production capacity is steadily released, and Mini LED chip shipments are increasing month by month in sync with terminal brand product shipments; Huacan Optoelectronics completed 50% of the Mini LED production expansion plan in the first half of 2021, and Mini LED chip sales increased sharply by 140% year-on-year in the first half of the year.
"Generally speaking, the supply of equipment in the midstream and upper reaches of the Mini/Micro LED market has begun to exceed demand, and the situation of both market supply and sales will soon come." Chen Jia, an independent international strategic research institute, said.
Government supports enterprises to make efforts
Promoting the vigorous development of Mini LED display technology
In view of the high-quality growth of this industry, global consumer electronics giants have increased investment.
On the one hand, the current countryand local governments will vigorously support the development of the Mini LED industry chain as a key task. Since last year, provinces and cities in Beijing, Shanghai, Guangdong, Chongqing, Fujian, Shandong, Zhejiang, and Jiangsu have specifically mentioned their strong support for the development of new Mini/Micro LED display technologies in the new manufacturing-specific "14th Five-Year Plan" strategies. "It is precisely because the new Mini/Micro LED display technology continues to receive more and more attention from the industry chain and policy levels. The mergers and acquisitions and reorganizations in this industry chain have been very active recently, with many merger and acquisition financing cases occurring within a few days." Chen Jia said.
On the other hand, relevant manufacturers have also increased investment in research and development and actively expanded more application scenarios for Mini/Micro LED technology. On December 2, Wogo Optoelectronics released a newly developed 0OD 34-inch curved glass-based backlight product, achieving the first 34-inch 0OD Mini LED curved glass-based backlight in the industry. In October this year, panel leader BOE A also announced that it has made important progress in the field of LED transparent display and developed an ultra-high transmittance actively driven Mini/Micro LED transparent display product with a transparency of over 65% and a brightness of over 1000nit. This product not only ensures the image quality of actively driven Mini/Micro LED transparent display, but also allows the items displayed behind the screen to be clearly seen. It can be used in commercial exhibition displays, vehicle HUD displays, AR glasses and other scenarios..
As Jucan Optoelectronics previously stated in its semi-annual report, the LED industry, as a typical branch of light industry, benefits from the global division of labor, adequate industrial cultivation, and cost and scale advantages. The center of gravity of the global LED chip industry continues to shift to China. After more than ten years of rapid growth, China's LED chip production capacity has firmly ranked first in the world. In the context of "double carbon", the green lighting and display industries will usher in historic development opportunities. LED companies are actively making contributions to energy-related industries such as coal mining, photovoltaics, and nuclear power to promote green, low-carbon, and high-quality development of the energy industry.
ANNA