Market Size and Development Trend Analysis of China's LED Display Industry in 2021

Publisher: Supplier of LED Display Time: 2021-06-24 20:31 Views: 1006

MiniLED will open up new market increment for LED display


LED display has become the third largest application market in the LED industry. At present, the technology is gradually developing from small-pitch LED to Mini LED. 2019 is called the first year of Mini LED commercialization. The maturity of the industry chain will accelerate the increase in the penetration rate of Mini LED, thus opening up new market increments for LED display.


1. LED display application has become the third largest downstream application market of LED


Although my country's LED industry started late, with the advent of the 21st century, the national macro-economy continued to grow, and the LED industry received strong support from the government, LED technology has achieved effective breakthroughs, and the domestic LED industry has developed rapidly. At present, Chinese LEDs have been used in many downstream industries, including general lighting, automotive lighting, signals and indications, display screens, landscape applications and backlight applications.


Among them, LED display applications have undergone four rounds of development and become the third largest downstream application market of LEDs. In 2019, LED display applications accounted for 17%. According to data released by 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 travel economy and the entertainment industry, small-pitch LEDs have ushered in a peak of development.


In 2019, Mini LED display ushered in the first year of large-scale commercialization. BOE, Innolux, Hisense, TCL, ASUS and other companies have launched Mini LED terminal display products. MiniLED self-illumination is an upgrade of small-pitch LEDs. Due to the current technical difficulties of MicroLED, MiniLED is also called the transition of MicroLED by the industry.


MiniLED usually consists of RGB Mini LED chips to form display pixels, which are then attached to the driving substrate through SMT or COB packaging, and can be directly displayed as a display screen. Its smaller pitch LEDs consume less energy, have a shorter response time, and can Make up for the lack 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 increase in the penetration rate of Mini LED, thereby opening up new market increments for LED display.