TrendForce’s latest LED Industry Demand and Supply Data Base finds that, by 2024, the global Mini/Micro LED market is projected to reach US$4.2 billion in revenue. The positive outlook of the Mini/Micro LED industry has attracted many investors. Since 2019, total investments in Mini/Micro LED-related projects in China have reached ¥39.1 billion (RMB), with more than 14 newly added projects, according to TrendForce’s investigations. This massive influx of capital is expected to accelerate the overall pace of Mini/Micro LED commercialization. TrendForce analyst Allen Yu indicates that, given the recent delays in Mini LED commercialization this year, some manufacturers are likely to push back their original plans of ramping up Mini LED TV and monitor mass production in mid-2020. On the other hand, since Micro LED is still in the R&D stage for most manufacturers, the technology has a long way to go before it is ready for commercial use. Nevertheless, investors are still relatively hopeful towards the future of Mini/Micro LED. For instance, LED chip and packaging suppliers, such as San’an Optoelectronics, Epistar, HC Semitek, Nationstar, and Refond, as well as video wall and panel manufacturers, such as Leyard, Unilumin, TCL CSOT, and BOE, have all launched Mini/Micro LED-related projects in an effort to drive the industry forward. Click Here For Complete Article Text
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