2. Mini LED volume is imminent
Mini LED is the next stop for the upgrade of LCD panels and small-pitch LEDs. From small pitch to "smaller pitch", Mini and Micro LED become the future development direction.
Among them, the Mini LED direct display is a further extension of the small-pitch LED, and it can be seamlessly connected with the small-pitch packaging in terms of technology and customers. Huachuang Securities pointed out that since 2019, Mini-LED backlight terminal products have been released intensively.
Apple, TCL, Hisense, ASUS, Innolux, AUO, BOE and other giants have launched Mini-LED backlight or similar technology TV, monitor, VR and car display and other terminal products, driven by electronic products such as backlight and mobile terminals , Mini-LED will usher in a period of rapid development.
(1) Mini LED technology is proved to be feasible
1. The mass production capacity of economical Mini LED RGB direct display technology will make breakthrough progress within two years
At present, the main difficulty faced by Mini LED direct display is the high cost, mainly in high-end hotel conference celebrations and other commercial leasing, large conference room video display and higher-end glasses-free 3D, AR, VR and other scenes to start trial promotion.
Since 2019, Mini LED RGB direct display technology has made significant progress. The LED chip size of some leading domestic manufacturers can be 100μm100μm, and the pixel pitch can already be 0.5mm.
2. Domestic manufacturers and Mini LED projects are also accelerating
The current market is unanimously optimistic about the application growth potential of Mini LED. Mainstream LED manufacturers have basically completed the Mini LED backlight RD process and have entered the stage of small-batch samples or large-volume supply.
With the vigorous promotion of leading manufacturers in all links of the LED industry chain, Mini LED as a new generation of backlight/display solutions is expected to penetrate rapidly, and the market scale is rapidly increasing.
At present, companies are actively expanding production to respond to downstream demand, and many domestic listed companies have disclosed that they have Mini LED mass production capabilities.
3. The industry chain can be quickly cultivated
Different from the slightly green OLED industry chain, both the LED and LCD industry chains are very mature. The essence of mini LED backlight is nothing more than old trees and new flowers. Once large-scale applications begin, its overall cost is expected to be further improved. decline.
