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
Warm Windows and Streamlined Skin Patches – IDTechEx Explores Flexible and Printed Electronics
04/26/2024 | IDTechExFlexible and printed electronics can be integrated into cars and homes to create modern aesthetics that are beneficial and easy to use. From luminous car controls to food labels that communicate the quality of food, the uses of this technology are endless and can upgrade many areas of everyday life.
iNEMI Packaging Tech Topic Series: Role of EDA in Advanced Semiconductor Packaging
04/26/2024 | iNEMIAdvanced semiconductor packaging with heterogenous integration has made on-package integration of multiple chips a crucial part of finding alternatives to transistor scaling. Historically, EDA tools for front-end and back-end design have evolved separately; however, design complexity and the increased number of die-to-die or die-to-substrate interconnections has led to the need for EDA tools that can support integration of overall design planning, implementation, and system analysis in a single cockpit.
Koh Young Showcases Award-winning Inspection Solutions at SMTconnect with SmartRep in Hall 4A.225
04/25/2024 | Koh Young TechnologyKoh Young Technology, the industry leader in True 3D measurement-based inspection solutions, will showcase an array of award-winning inspection and measurement solutions at SMTconnect alongside its sales partner, SmartRep, in booth 4A.225 at NürnbergMesse from June 11-13, 2023. The following offers a glimpse into what Koh Young will present at the tradeshow:
Real Time with… IPC APEX EXPO 2024: Plasmatreat: Innovative Surface Preparation Solutions
04/25/2024 | Real Time with...IPC APEX EXPOIn this interview, Editor Nolan Johnson speaks with Hardev Grewal, CEO and president of Plasmatreat, a developer of atmospheric plasma solutions. Plasmatreat uses clean compressed air and electricity to create plasma, offering environmentally friendly methods for surface preparation. Their technology measures plasma density for process optimization and can remove organic micro-contamination. Nolan and Hardev also discuss REDOX-Tool, a new technology for removing metal oxides.
Nanotechnology Market to Surpass $53.51 Billion by 2031
04/25/2024 | PRNewswireSkyQuest projects that the nanotechnology market will attain a value of USD 53.51 billion by 2031, with a CAGR of 36.4% over the forecast period (2024-2031).