With policy support and the epidemic improving, the Mini/MicroLED market is expected to be booming in both production and sales.

Affected by policies, investment, mergers and acquisitions and reorganization of the Mini/Micro LED new display industry chain are currently active.

Recently, Jucan Optoelectronics stated on the investor interaction platform that the company has currently shipped Mini LED in small batches. At the same time, the newly launched refinancing project has been approved by the Shenzhen Stock Exchange. The project focuses on Mini/Micro LED chips.The expansion of R&D and manufacturing will inject new vitality into the company's layout on relevant tracks.

In addition, Vogel Optoelectronics released the newly developed 0OD The 34-inch curved glass-based backlight product is the first in the industry to achieve a 34-inch 0OD Mini LED curved glass-based backlight; panel leader BOE A also announced that it has made important progress in the field of LED transparent display, and has developed an ultra-high transmittance active drive Mini/Micro LED transparent display product with a transparency of more than 65% and a brightness of more than 1000nit. While ensuring the image quality of the actively driven Mini/Micro LED transparent display, the items displayed behind the screen can be clearly seen and can be appliedUsed in commercial exhibition displays, vehicle HUD displays, AR glasses and other scenarios.

In terms of policy, the current national and local governments will strongly support Mini The development of the LED industry chain has been a key focus. Since last year, the provinces and cities of Beijing, Shanghai, Guangdong, Fujian, Shandong, Zhejiang, and Jiangsu have specifically mentioned strong support for the development of new Mini/Micro LED display technologies in their new manufacturing special plans.

The continuous expansion of application scenarios has prompted a significant increase in demand for Mini LED products. With the continuous innovation of technology, Mini LED/Micro LED is becoming the most potential new display technology with many advantages such as high resolution, high brightness, high contrast, high color saturation, low power consumption, fast response speed, thin thickness, and long life.

Data show 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; global Micro LED display shipments will reach 15.5 million units by 2026, 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 LED industry chain upstream chips, midstream packaging and downstream display-related manufacturers have made arrangements, such as Dongshan Precision and Nationstar.Upstream and midstream leading chip and packaging companies such as Optoelectronics, Huacan Optoelectronics, Jucan Optoelectronics, Zhaoyuan Optoelectronics, Zhaochi Optoelectronics, Qianzhao Optoelectronics, Jingtai Co., Ltd., and Jinko Electronics have all 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. Among them, Sanan Optoelectronics' Mini/Micro LED base has been put into operation, and its production capacity has been steadily released. Mini LED chip shipments have increased month by month in sync with terminal brand product shipments; Huacan Optoelectronics has completed 50% of its Mini LED production expansion plan in the first half of 2021, and Mini LED chip sales in the first half of the year have surged by 140% year-on-year.

Overall, Mini/Micro The LED midstream and upstream markets are beginning to experience equipment shortages, and the market will soon see a boom in both supply and sales.