The commercialization of the Mini-LED industry is accelerating and industrial chain manufacturers are expected to leverage

At present, Mini LED direct Display and backlight technology have become a hot market topic for leveraging the value chain of the Display industry. The many advantages of the screen itself expand the imagination of the industry – from the experience point of view, Mini LED backlight has intergenerational advantages in brightness, contrast, color gamut and other display effects and thinning; from an industrial point of view, Mini LED backlight has intergenerational advantages. It has significant advantages on the basis of product yield, cost, technical difficulty and industrialization. Based on this, major Korean manufacturers and domestic manufacturers have successively deployed. Apple’s move to apply Mini LED panels on the top-end version of the latest iPad has caused various research institutions to express positive expectations for the market.

Our general impression of Skyworth is that it is not only a traditional domestic TV brand, but also has concentrated on OLED organic self-luminous panel and module self-made technology in recent years, and has created W series, S series, etc. Cutting edge OLED products. However, it is worth noting that Skyworth also did not forget another product line based on traditional LCD, that is, the Skyworth Mingli screen with Mini LED backlight technology.

According to the official public account of Tianfeng International, the latest research from Ming-Chi Kuo’s team shows that Mini-LED is the key display technology for iPad in 2021-2023. Apple may not release OLED iPad Air in 2022, but Apple will continue to study the use in tablet applications. New display technology for products. Ming-Chi Kuo revised his previous prediction that “Apple will launch an iPad Air with an OLED display in 2022.” Ming-Chi Kuo believes that the iPad Air will continue to use the existing TFT-LCD display technology in 2022 for the following reasons:

In terms of technology, the original iPad Air was going to use an LTPS OLED display. Because the performance and cost could not meet Apple’s requirements, Apple canceled the plan to launch the OLED iPad Air in 2022. Ming-Chi Kuo also believes that Mini-LED is expected to be one of the main selling points of high-end iPads in 2021-2023 for the following reasons: past experience has pointed out that after Apple develops and commercializes key technologies for mass production, they will be used for at least 3 years or more.

With the application of OLED display technology in the iPhone X and accounting for more than 50% of the high-end TV market, the enthusiasm for OLED construction in China and South Korea continues to rise, but due to the slow release of China’s OLED production capacity, the current mobile phone OLED panels are still basically composed South Korea’s Samsung is exclusively, while high-end TV OLED panels are exclusively owned by South Korea’s LG.

In order to reduce its dependence on Samsung display panels, Apple has actively developed a new generation of display technology Micro LED through the acquisition of Luxvue. However, considering that Micro LED still has many technical and cost problems to overcome, GGII believes that the commercialization of Micro LED still needs 3 -5 years or so.

In order to counter the dominance of South Korean OLED and find new growth points for LED, many LED chip and packaging companies in mainland China and Taiwan are actively developing Mini LED, in order to fill the shortage of OLED panel supply and solve the problem that Micro LED has not yet been commercialized , Mini LED refers to LED chips with a grain size of about 100 microns. After arraying LED chips, they can be used as backlights for display screens, mobile phones and TVs. They are the vanguard of the new generation of display technology Micro LED.

Industrial commercialization accelerates and industrial chain manufacturers are expected to leverage

Today, many brands have accelerated the deployment of mini-LEDs. Skyworth launched a new generation of large-size high-end mini-LED TV Q72 in September; Huawei released its first mini-LED smart screen product “Huawei Smart Screen V75Super” in July; Apple launched iPad Pro with mini-LED backlight in April, which is Apple’s first Products equipped with mini-LED; Samsung, LG, TCL, Xiaomi, and Hisense have also launched related products.

As terminal giants have adopted mini-LEDs one after another, industrial commercialization has accelerated, and the supply chain has matured. Mini-LEDs are expected to usher in explosive growth. Analysts predict that the size of China’s mini-LED market is expected to exceed 40 billion yuan in 2026, with room for growth of more than 10 times.

At the same time, manufacturers in the rest of the industry chain are also accelerating their layout in order to gain the upper hand and occupy the commanding heights of the industry. So, if you count all the links in the industry chain, who has the opportunity to take the lead when mini-LED explodes?

According to the analysis of the report of Kaiyuan Securities on September 24, first of all, the demand for mini-LED backlights has increased, and equipment manufacturers are the first to benefit. Xinyichang Interim Report shows that the company’s mini LED die bonding machine revenue reached 88.8828 million yuan, a year-on-year increase of 308.5%, accounting for 27% of the total LED die bonding machine revenue; Zhongwei has launched a new generation of high-performance mini-LED factories. MOCVD equipment.

In recent years, LED lighting companies have turned to LED display applications, and the LED industry has set off a cross-border trend. In 2019, Jinko Electronics, an upstream LED lighting company, joined the battle for the Mini LED market; in 2020, Yamamoto Optoelectronics will develop Mini LED backlight products… Coincidentally, at a recent LED display industry summit forum, Jin Zhangyu, Chairman of Qianzhao Optoelectronics Said: “There are various signs that the LED industry has shifted from the lighting industry to the display industry, from outdoor display to indoor display, and from large-screen commercial display to consumer electronics. “Why LED lighting industry chain enterprises?” “Cross-border” layout of the display industry, competing for LED display profits? Is changing the track a temporary whim, or a careful consideration? For the LED display industry, is it subversive or disruptive? Can Mini/Micro LED lead the way in the future?

The Links:   SKM100GB063D TM121SV-02L07D