Report: Wafers for Applications Using Micro LED and Mini LED Technology
March 22, 2018 | TrendForceEstimated reading time: 2 minutes
While conventional LED components are used for backlight, Micro LED and Mini LED technology have been used for self-emitting in displays of consumer electronics. Every LED will then stand for a pixel, increasing the number of LED wafers used by companies. It is estimated that wafers for applications using Micro LED and Mini LED will account for 11.4% of the total LED wafers used worldwide by 2022, according to LEDinside, a division of TrendForce. These applications will become a key driver of the market demand.
According to Roger Chu, the research director of LEDinside, the worldwide volume of 4-inch equiv. LED wafers was approximately 37 million pieces in 2017, a YoY increase of 30%. Although the rise of OLED will affect the number of LED used in backlighting of mobile phones and large-size panels, the number of LED wafers used for general lighting and automotive lighting continues to grow. Coupled with the rapid growth of fine-pitch display applications, the number of LED wafers used has increased dramatically.
However, as Chinese LED manufacturers continue to expand their capacities significantly, the overall industry capacity may grow much faster than the demand in the future. Therefore, vendors need to rely on new applications to boost the demand, in this case, the technical progress of Micro LED and Mini LED will play an important role.
In terms of the revenue of LED market, LED prices will decline further due to the substantial capacity expansion of Chinese manufacturers, but LED’s penetration continues to increase driven by general lighting and automotive lighting applications. Coupled with the new applications of Micro LED and Mini LED, it is estimated that global LED market revenue will grow from US$ 17.16 billion in 2017 to US$ 25.5 billion in 2022, with a CAGR of 7% between 2017 and 2022.
Deployment of Micro LED & Mini LED technology worldwide
Micro LED is considered as a new generation display technology due to its properties of high resolution, high brightness, power-saving, and fast response time, etc. Companies worldwide have been actively involved in the development of Micro LED products, and key players include Apple, Samsung, LG, Sony, Facebook and Google, as well as Chinese companies like San’an Optoelectronics, HC SemiTek, Changelight, Leyard and MTC, etc.
Taiwanese companies are also active in Micro LED development. The Industrial Technology Research Institute is establishing a Micro LED demo product line, which is estimated to deliver products to VR manufacturers in 3Q18 at the earliest. Other major companies such as Epistar, AU Optronics, Innolux, PlayNitride, and Macroblock etc. have all actively joined the development of related technologies.
As Micro LED technology still faces technical bottlenecks, the transitional Mini LED products are favored by manufacturers, including chip makers like Epistar, Lextar, San’an Optoelectronics, HC SemiTek, etc., packaging companies like Everlight, Advanced Optoelectronic Technology, Harvatek, Seoul Semiconductor, etc., IC designers like Macroblock, Raydium, Jasper Display, etc., panel makers like AU Optronics, and Innolux, and digital display makers like Leyard, etc.
About TrendForce
TrendForce is a global provider of the latest development, insight, and analysis of the technology industry. Having served businesses for over a decade, the company has built up a strong membership base of 435,000 subscribers. TrendForce has established a reputation as an organization that offers insightful and accurate analysis of the technology industry through five major research divisions: DRAMeXchange, WitsView, LEDinside, EnergyTrend and Topology. Founded in Taipei, Taiwan in 2000, TrendForce has extended its presence in China since 2004 with offices in Shenzhen and Beijing.
Suggested Items
IDTechEx Discusses Low-Loss Materials: The Enabler of Future Connected Vehicles?
05/06/2024 | IDTechExFuture connected vehicles will offer future drivers a safer, smoother, and more convenient driving experience. Not only will drivers get access to more navigation and entertainment options, but they will also gain access to safety technologies that will potentially reduce accidents, improve congestion, and reduce emissions globally by allowing vehicle safety systems to communicate with each other and with city traffic infrastructure.
BrainChip, Frontgrade Gaisler to Augment Space-Grade Microprocessors with AI Capabilities
05/06/2024 | BUSINESS WIREBrainChip Holdings Ltd, the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, and Frontgrade Gaisler, a leading provider of space-grade system-on-chip solutions, announce their collaboration to explore the integration of BrainChip’s AkidaTM neuromorphic processor into Frontgrade Gaisler’s next generation fault-tolerant, radiation-hardened microprocessors.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
Dubai Launches Global Blueprint for Artificial Intelligence
05/02/2024 | BUSINESS WIREDubai has launched a blueprint for Artificial Intelligence (AI), a yearly plan that will focus on harnessing the technology’s potential to improve quality of life around the world.