MiniLED will become an incremental LED display to open up a new market

LED display has become the third largest application market in the LED industry, the current technology is gradually developing from small pitch LED to MiniLED, 2019 is known as the first year of MiniLED commercialization, it is expected that the market will continue to improve the requirements for clarity and low energy consumption, and the maturity of the LED industry chain will accelerate the improvement of MiniLED penetration, thereby opening up a new market increment for LED display.

1. LED display applications have become the third largest application market in the downstream of LEDs

Although China's LED industry started late, with the advent of the 21st century, the country's macroeconomic growth has continued to grow, and the LED industry has been strongly supported by the government, LED technology has been effectively breakthrough, and the domestic LED industry has developed rapidly. At present, China's LEDs have been used in many downstream industries, including general lighting, automotive lighting, signaling and indication, display, landscape applications and backlight applications.

Among them, the LED display application has gone through four rounds of development and has become the third largest application market in the downstream of LED, accounting for 17% of the LED display application in 2019. According to the data released by the China LED Display Application Industry Association, LED display sales exceeded 60 billion yuan.

2. MiniLED will open up a new incremental market for LED display

At present, LED display technology is mainly divided into ordinary LED, small pitch LED, MiniLED and MicroLED. Since 2015, benefiting from the construction of smart cities, the development of night tour economy and entertainment industry, small-pitch LED has ushered in a peak of development.

In 2019, MiniLED display ushered in the first year of large-scale commercialization, and companies such as BOE, Innolux, Hisense, TCL, and Asus have launched MiniLED terminal display products. MiniLED self-illumination is an upgrade of small pitch LEDs. Due to the difficulty of MicroLED's current technology, MiniLED is also known as the transition of MicroLED in the industry.

MiniLED is usually composed of RGB Mini LED chips to display pixels, and then pasted on the driver substrate through SMT or COB packaging, as a display screen direct display, it has less energy consumption and shorter response time of smaller pitch LEDs, which can make up for the shortcomings of small pitch LEDs.

It is expected that with the continuous improvement of the market's requirements for clarity and low energy consumption, the maturity of the LED industry chain will accelerate the improvement of MiniLED penetration, thereby opening up a new market increment for LED displays.