LEDs are used beneath an LCD substrate layer in a conventional LCD, as seen on the latest Macs and most of Apple’s iPads. This glass layer can either block or let light from the LEDs pass.
They are Assembled into Considerably Smaller Dimmable Blocks
Technology is rapidly evolving, with new breakthroughs gaining consumer interest on a regular basis. One of the most notable advancements is mini LEDs (light-emitting diodes) in display units such as televisions and smartphones. They’re also utilized in the manufacturing of a number of smart devices, including computers, smartwatches, and so on.
Participation of Prominent Companies
Prominent companies are adopting Mini-LEDs, which may shape the future of the industry in the coming years. Recognizing the future potential of the Mini-LEDs, Apple is considering using this new display technology in its iPads and MacBooks. Apple’s involvement in mini-LED could be a significant growth opportunity for the industry as it will influence other players to adopt the same.
Growing demand for mini LED backlight in the electronics industry is a major element driving the industry growth. The small LED backlight for displays is quickly gaining traction in the electronics market due to the contribution of the consumer electronics firms like LG, Samsung, AUO, and others planning to release devices integrated with this technology.
TCL has been in this race for many years now. The company has been promoting Mini-LED TVs for many years. Furthermore, it gained rapid popularity as the company was the first one to offer mini-LED TVs. The company also has plans to launch a new range of TVs integrated with next-gen Mini-LED technology.
The Contribution of the Automotive Segment
The automotive segment is significantly deciding the future of the Mini-LED industry as it is one of the end-use industries. Mini-LED screens are likely to grow in popularity in the coming years, especially for automobile applications.
Some LED manufacturers have also shown off concept applications of tiny LED technology for external automobile illumination. Furthermore, increasing investment in mini LED display technologies in Asia-Pacific is forecast to give high prospects for the mini LED display industry.
Additionally, China accounts for the highest share in the global automotive market. Thus, the growth of the automotive industry will offer several growth opportunities for the Mini-LED display industry.
Furthermore, LCD technology is gaining high traction in the car display market. The rise of the automobile market has boosted the OLED and Mini/Micro LED industry’s growth rate. OLED offers exceptional transparency, flexibility, and allotypic properties.
LCD technology is the current leader in in-vehicle display due to its technological and cost advantages. OLED outperforms them all in terms of transparency, flexibility, and allotypic property, yet difficulties like burn-in and longevity remain unresolved despite years of development.
Benefits of Mini LEDs
Mini LED offers significant advantages, such as lower cost and higher reliability than traditional technology like OLED. Furthermore, OLEDs have a short life span and can be damaged through UV lighting.
Suitable for Smart Devices and Wearables
The conventional LED chip are generally adopted for display backlight modules. The applications of mini-LED are applied to backlight applications, like HDR and flexible displays. The demand for smart technologies and wearables is forecast to increase in the coming years due to its health and other benefits. Thus, all of these factors will contribute to the growth of the Mini-LED display industry.
High Efficiency and Long Life
Miniaturized LED chips inherit the advantages of high efficiency and long life cycle of traditional LED chips. In addition, the benefit of size is another considerable factor determining the future scope of the industry.
Mini-LEDs with chip sizes from 100 to 200 micrometers have started being used as backlighting in consumer electronics. Micro-LEDs with chip sizes less than 100 m are still going through the test process.
Another considerable factor is the cheap cost of mini LEDs. The cost of the OLED panel is directly proportional to its size. However, OLED displays cost more than mini LEDs. Thus electronic manufacturers are adopting mini LEDs to boost profit without compromising the product quality.
Mini-LEDs are considered better than conventional technology in terms of controlling local dimming, offering contrast, brightness, and black levels. Furthermore, they possess better power-saving features, which make them significantly more preferable than conventional technology.
Mini-LEDs are smaller than regular LEDs used in LCD screens, as the name implies. They are about one-fifth the size of ordinary LEDs, measuring 0.2 millimeters or less. As a result, producers are able to squeeze a lot more of them into a single display. Over 10,000 LEDs cover the whole back of the 12.9-inch iPad Pro display.
Lextar launched a complete series of I-Mini Blue LED backlighting products. These LEDs are highly used in TV, monitor, laptop, automotive display, and Chartplotter. Prominent players are continuously expanding their offerings in order to cater to public demands.
Some of the leading players contributing to the industry growth include BOE Technology Group Co., Harvatek Corporation, Lextar, San’an Optoelectronics, VerLASE Technologies LLC, JAPAN DISPLAY, Everlight Electronics Co., Ltd., Epistar Corporation, AU Optronics Corp, and Innolux Corporation.
AUO unveiled significant micro-LED backlight-enabled technologies, such as desktop monitors, large-screen monitors, laptops, and high-end applications like VR headsets and smart automobiles.
Leading manufacturers such as Lextar and EPISTAR Corporation have also started selling mini LED backlight products for gaming notebooks and monitors. Such advancements are potentially boosting the growth prospects of the industry.
Astute Analytica estimates that the global Mini-LED display market is forecast to grow at a compound annual growth rate (CAGR) of 78.3% during the forecast period from 2021 to 2027. The growth of the market is attributed to the above-mentioned factors.
The global mini-LEDs market is forecast to witness favorable opportunities in the coming years due to the wide applications of the technology and its benefits. Furthermore, growing advancements in consumer electronics and the automotive segment are forecast to benefit the market in the future.
Electronic manufacturers are rapidly adopting these products to increase profit due to continuous advancements. The demand will further grow in the coming years.