According to the latest report of LEDinside LED display, due to the appearance of Micro LED and Mini LED, LED has gradually changed from past backlighting to self-illumination on a consumer electronics display. Each LED will become Pixels will greatly increase the number of LED epitaxial wafers used. After related products are commercialized, it is estimated that by 2022, Micro LED & Mini LED applications will account for 11% of the total number of LED epitaxial wafers, which will become an important application for supporting demand. The
LEDinside researcher Chu Chaochao pointed out that in 2017, the global use of LED epitaxial wafers will be about 37 million, an increase of 30% year-on-year. Although the rise of OLED will affect the number of LED backlights for mobile phones and large-size panels, the number of epitaxial wafers used in general lighting and automotive lighting applications continues to grow, coupled with the rapid growth of small-pitch display applications, and the use of LED epitaxial wafers. The number has increased significantly.
However, in the case of significant expansion of China's LED manufacturers, the overall industrial capacity growth rate in the future may be much faster than the demand growth rate, so the future can only rely on new applications to boost demand, especially the technical progress of Micro LED and Mini LED play an important role.
In terms of the output value of the LED market, although the impact of the substantial expansion of Chinese manufacturers, the future decline in the price of LED may increase, but in the general lighting and automotive lighting applications, LED penetration continues to increase, plus New applications of the Micro LED and Mini LED have emerged. It is estimated that global LED output will grow from 17.16 billion U.S. dollars in 2017 to 25.5 billion U.S. dollars in 2022, and CAGR will reach 7% between 2017 and 2022.