The Global Market for Mini and Micro-LED Displays 2023-2033

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Published August 2022 | 225 pages, 48 tables, 88 figures | Download table of contents

This report analyses the market for Mini-LEDs and Micro-LEDs, covering technology and market developments.  The displays market is constantly advancing, with new technologies allowing for greatly improved brightness, HDR, and colour reproducibility. Recently, mini-LED and micro-LED have attracted major attention in the displays market and are being implemented in products by consumer electronics giants such as Samsung and Apple. 

The market is projected to explode in the next few years, taking a significant chunk of the displays market and pushing into wearables, transparent display, flexible display, stretchable display for skin-integrated devices,  AR/VR, smartphones automotive lighting such as active headlights, and projector applications.  MiniLED backlights are utilized in large-screen TVs, monitors, automotive and industrial applications. Improvements MiniLED offer over incumbent display technologies include:

  • High brightness.
  • High contrast ratio.
  • Low power consumption.
  • Higher efficiency.

 

MicroLED started to gain market traction in 2022. MicroLEDs are targeted at direct view displays. Improvements they offer include:

  • high efficiency
  • high brightness-readable under sunshine (>10,000 nits)
  • high colour saturation
  • ultra-high resolution (>2000 dpi with Si backplane)
  • ultra-low power consumption
  • flexibility
  • quick response rate (on/off switching within nano-seconds).
  • long lifetime (>80,000 hours).

 

These properties make them attractive for application in very large TVs, AR/VR and automotive applications. Other applications include wearable/implantable optoelectronic devices, light communication/light interconnection, medical treatment, spatial imaging etc.

Report contents include:

  • Latest technology and supply chain information.
  • Industry trends and growth drivers.
  • Assessment of technology challenges.
  • Industry developments in the past 18 months.
  • Current and planned mini-LED and micro-LED products.
  • Analysis of markets and applications for mini-LED and micro-LEDs. Markets covered include
    • <65” TVs
    • >65” TVs and video walls
    • AR/VR projectors
    • Heads-up displays (HUD)
    • Smartphones,
    • Automotive displays
    • Wearables and smartwatches
    • Laptops, monitors and tablets
    • Medical displays
    • Flexible, stretchable and foldable displays
    • Transparent displays.
  • Analysis of non-display markets including lighting and LiFi communications. 
  • Latest information on novel LED growth, transfer techniques,  manufacturing and scale up. 
  • Ten year forecasts for mini-LED and micro-LED market, by revenues, units and applications to 2033. 
  • Assessment of competitive landscape.
  • Profiles of 79 companies in the mini-LED and micro-LED market. Companies profiled include Aledia, ALLOS Semiconductors GmbH, AU Optronics Corporation, Foxconn Electronics, Glō, iBeam Materials, Inc., Innolux Corporation , Industrial Technology Research Institute (ITRI), Japan Display Inc. (JDI), Royole Corporation, Konka Group, LG Display Co., Ltd., MICLEDI Microdisplays, Mikro Mesa Technology Co., Ltd., Nichia Corporation, PlayNitride, Inc., Rohinni LLC, Samsung, San'an Optoelectronics Co., Ltd., Seoul Semiconductor/Seoul Viosys Co., Ltd., Sony, Vuzix Corporation. TCL Electronics, Tianma Microelectronics Co., Ltd., VueReal and more. 

1              REPORT AIMS AND OBJECTIVES 17

 

2              EXECUTIVE SUMMARY   18

  • 2.1          The Mini-LED market      18
  • 2.2          The Micro-LED market   18
  • 2.3          The global display market             19
    • 2.3.1      Display technologies assessment              21
  • 2.4          Motivation for use of MiniLEDs and MicroLEDs    23
    • 2.4.1      Comparison of LCD, OLED, and micro-LED              24
  • 2.5          MiniLED and MicroLEDs applications        26
  • 2.6          Market and technology challenges           29
  • 2.7          Industry developments 2020-2022            31
  • 2.8          CES 2021 display innovations      35
  • 2.9          CES 2022 displays innovations    36
  • 2.10        Market activity in China 37
  • 2.11        Global shipment forecasts for Mini-LEDs and Micro-LEDs to 2027                40
    • 2.11.1    Mini-LEDs            40
      • 2.11.1.1                Units     40
      • 2.11.1.2                Revenues            42
    • 2.11.2    Micro-LEDs         44
      • 2.11.2.1                Units     44
      • 2.11.2.2                Revenues            46

 

3              TECHNOLOGY BACKGROUND     47

  • 3.1          MiniLED (mLED) vs MicroLED (µLED)        47
    • 3.1.1      Display configurations    47
  • 3.2          MiniLED displays              48
    • 3.2.1      Comparison to LCD and OLED      49
    • 3.2.2      Advantages and disadvantages  51
    • 3.2.3      Backplane types               51
      • 3.2.3.1   Passive matrix driving miniLED    52
      • 3.2.3.2   Active matrix driving miniLED      54
    • 3.2.4      Costs     56
    • 3.2.5      High dynamic range miniLED displays      57
    • 3.2.6      Trends in MiniLED displays           58
    • 3.2.7      Quantum dot films for miniLED displays 59
    • 3.2.8      Perovskite colour enhancement film in MiniLEDs                60
  • 3.3          MicroLED             61
    • 3.3.1      Development    61
      • 3.3.1.1   Sony      62
    • 3.3.2      Types    63
    • 3.3.3      Production of Micro-LED Displays              64
      • 3.3.3.1   Transfer technologies    65
    • 3.3.4      Color Conversion for RGB Displays            67
    • 3.3.5      Comparison to LCD and OLED      69
    • 3.3.6      MicroLED displays            70
    • 3.3.7      Advantages        71
      • 3.3.7.1   Transparency     72
      • 3.3.7.2   Borderless          73
      • 3.3.7.3   Flexibility             73
    • 3.3.8      Costs     73
    • 3.3.9      Manufacturing  74
      • 3.3.9.1   Epitaxy and Chip Processing        74
        • 3.3.9.1.1               Uniformity          75
      • 3.3.9.2   Assembly Technologies 76
        • 3.3.9.2.1               Monolithic fabrication of microdisplays  76
        • 3.3.9.2.2               Mass transfer    77
        • 3.3.9.2.3               Mass Transfer Processes               78
          • 3.3.9.2.3.1           Elastomer Stamp Transfer            80
          • 3.3.9.2.3.2           Roll-to-Roll or Roll-to-Panel Imprinting   81
          • 3.3.9.2.3.3           Laser-induced forward transfer (LIFT)     82
          • 3.3.9.2.3.4           Electrostatic Transfer     83
          • 3.3.9.2.3.5           Micro vacuum-based transfer    84
          • 3.3.9.2.3.6           Adhesive Stamp 84
          • 3.3.9.2.3.7           Fluidically Self-Assembled Transfer          84
      • 3.3.9.3   Full colour conversion    85
        • 3.3.9.3.1               Phosphor Colour Conversion LEDs             87
        • 3.3.9.3.2               Quantum dots colour conversion              88

 

4              DISPLAY BACKLIGHTS     89

  • 4.1          TVs         89
    • 4.1.1      The market in 2021          89
    • 4.1.2      The market in 2022          90
    • 4.1.3      MiniLED Quantum Dot TV             90
    • 4.1.4      Products with miniLED backlight 92
  • 4.2          Smartwatches and wearables     93
  • 4.3          Smartphones     94
  • 4.4          Samsung              94
    • 4.4.1      Wall display        94
    • 4.4.2      110-inch microLED TVs  95
    • 4.4.3      89-inch LTPS microLED TVs          96
    • 4.4.4      Neo QLED TV range         97
    • 4.4.5      MicroLED AR devices      98
  • 4.5          LG           98
    • 4.5.1      LG mini QNED range       98
    • 4.5.2      MAGNIT MicroLED TV    98
    • 4.5.3      MicroLED microdisplays 99
  • 4.6          TCL         100
    • 4.6.1      8 Series and 6 Series       100

 

5              LAPTOPS, MONITORS AND TABLETS         100

  • 5.1          MiniLED                100
  • 5.2          Apple    103

 

6              FLEXIBLE, STRETCHABLE AND FOLDABLE MICROLED          105

  • 6.1          Foldable microLED displays          106
  • 6.2          Product developers        107

 

7              BIOTECHNOLOGY AND MEDICAL DISPLAYS            108

  • 7.1          MicroLEDS           108
    • 7.1.1      MicroLEDs for medical applications          108
  • 7.2          Product developers        109

 

8              AUTOMOTIVE   110

  • 8.1          MiniLED                110
  • 8.2          MicroLED             111
    • 8.2.1      Head-up display (HUD)  113
    • 8.2.2      Headlamps         114
  • 8.3          Product developers        115

 

9              VIRTUAL (VR) AND AUGMENTED REALITY (AR)    116

  • 9.1          MiniLED                116
  • 9.2          MicroLED             116
    • 9.2.1      Smart glasses and head-mounted displays (HMDs)            117
    • 9.2.2      AR/VR projectors             117
    • 9.2.3      MicroLED contact lenses               118
  • 9.3          Product developers        119

 

10           TRANSPARENT DISPLAYS              120

  • 10.1        Applications       120
  • 10.2        MicroLEDs           121
  • 10.3        Product developers        122

 

11           OTHER APPLICATIONS   123

  • 11.1        Visible Light Communication (VLC)           123
  • 11.2        Lighting 124
  • 11.3        Optogenetics     125

 

12           SUPPLY CHAIN   126

  • 12.1        miniLEDs              127
  • 12.2        microLEDs           128

 

13           COMPANY PROFILES       131 (79 company profiles)

 

14           REFERENCES       218

 

Tables

  • Table 1. Summary of display technologies.            21
  • Table 2. Comparison of LCD, OLED, and micro-LED.            25
  • Table 3. MiniLED applications.    26
  • Table 4. MicroLED applications.  27
  • Table 5. Market and technology challenges for miniLED and microLED.     29
  • Table 6. Micro and MicroLED industry developments 2020-2022.                31
  • Table 7. MiniLED and microLED product announcements at CES 2021.       35
  • Table 8. MiniLED and microLED product announcements at CES 2022.       36
  • Table 9. Mini/microLED acivity in China. 37
  • Table 10. Mini-LEDs backlights global market 2020-2033, by market (Million units).            40
  • Table 11. Global Micro-LED display market (thousands of units) 2020-2033.            44
  • Table 12. Comparison between miniLED and microLED.   48
  • Table 13. Comparison between miniLED displays and other display types.              49
  • Table 14. Advantages and disadvantages of MiniLEDs.     51
  • Table 15. Comparison of AM and PM driving.       52
  • Table 16. MicroLED backlight costs.          56
  • Table 17. Comparison to conventional LEDs.         62
  • Table 18. Types of microLED.       63
  • Table 19. Summary of different mass transfer technologies.         65
  • Table 20. Summary of monolithic integration, monolithic hybrid integration (flip-chip/wafer bonding), and mass transfer technologies.    66
  • Table 21. Color Conversion Methods.     68
  • Table 22. Comparison to LCD and OLED. 69
  • Table 23. Schematic comparison to LCD and OLED.            70
  • Table 24. Commercially available microLED products and specifications.  70
  • Table 25. microLED-based display advantages and disadvantages.              71
  • Table 26. Mass transfer methods, by company.  78
  • Table 27. Comparison of various mass transfer technologies.       78
  • Table 28. Comparison of LED TV technologies.    89
  • Table 29. MiniLED TV products.  92
  • Table 30. Samsung Neo QLED TV range. 97
  • Table 31. LG mini QNED range    98
  • Table 32.TCL range of miniLED TVs.          100
  • Table 33. MiniLED laptop, monitor and tablet products and prototypes.  101
  • Table 34. Flexible, stretchable and foldable miniLED and MicroLED products.        107
  • Table 35. Medical display miniLED and MicroLED products.           109
  • Table 36. Automotive display & backlight architectures   110
  • Table 37. Applications of microLED in automotive.            112
  • Table 38. Automotive display miniLED and MicroLED products.    115
  • Table 39. Comparison of AR Display Light Engines.             116
  • Table 40. VR and AR MicroLED products.               119
  • Table 41. Applications of miniLED and microLED transparent displays.      120
  • Table 42. Companies developing MicroLED transparent displays. 122
  • Table 43. microLED supply chain.               128
  • Table 44. LG mini QNED range    174
  • Table 45. Samsung Neo QLED TV range. 192
  • Table 46. San’an Mini and Micro LED Production annual target.   193
  • Table 47. NPQDTM vs Traditional QD based Micro-LEDs. 195
  • Table 48. TCL miniLED product range.     202

 

Figures

  • Figure 1. The progress of display technology, from LCD to MicroLED.         23
  • Figure 2. Mini-LEDs backlights global market 2020-2033, by market (Million units).             41
  • Figure 3. Mini-LEDs backlights global market 2020-2033, by revenues (millions USD).        42
  • Figure 4. Global Micro-LED display market (thousands of units) 2020-2033.             45
  • Figure 5. Global Micro-LED display market (millions USD) 2020-2033.         46
  • Figure 6. Display system configurations. 47
  • Figure 7. Schematic of LCD with MicroLED backlight.         49
  • Figure 8. Schematic for configuration of full colour microLED display         50
  • Figure 9. Comparison of AM and PM driving.        52
  • Figure 10. BOE glass-based backplane process.   55
  • Figure 11. MSI curved quantum dot miniLED display.        59
  • Figure 12. MicroLED schematic. 62
  • Figure 13. Pixels per inch roadmap of µ-LED displays from 2007 to 2019.  64
  • Figure 14. Mass transfer for µLED chips. 66
  • Figure 15. Comparison of microLED with other display technologies.         71
  • Figure 16. Lextar 10.6 inch transparent microLED display.               72
  • Figure 17. Transition to borderless design.            73
  • Figure 18. Schematics of a elastomer stamping, b electrostatic/electromagnetic transfer, c laser-assisted transfer and d fluid self-assembly.     80
  • Figure 19. Schematics of Roll-based mass transfer.            82
  • Figure 20. Schematic of laser-induced forward transfer technology.          83
  • Figure 21. Schematic of fluid self-assembly technology.  85
  • Figure 22. Schematic of colour conversion technology.    86
  • Figure 23. Process flow of a full-colour microdisplay.        87
  • Figure 24. LG QNED miniLED TV. 91
  • Figure 25. microLED wearable display prototype.               93
  • Figure 26. APHAEA Watch.           93
  • Figure 27. Samsung Wall display system.               95
  • Figure 28. Samsung Neo QLED 8K.             97
  • Figure 29. MAGNIT MicroLED TV.              99
  • Figure 30. Acer Predator X32 Mini-LED Gaming Monitor. 101
  • Figure 31. Acer EI491CRG9 curved miniLED display.           101
  • Figure 32. 12.9-inch iPad Pro.     102
  • Figure 33. Apple Pro Display XDR.             102
  • Figure 34. Asus ProArt PA32UCX.              102
  • Figure 35. Lenovo ThinkVision Creator Extreme P27.         103
  • Figure 36. Creator 17 gaming laptop.       103
  • Figure 37. Samsung         Odyssey G9 Neo gaming monitor.             103
  • Figure 38. AU Optonics Flexible MicroLED Display.             105
  • Figure 39. Schematic of the TALT technique for wafer-level microLED transferring.             106
  • Figure 40. Foldable 4K C SEED M1.            106
  • Figure 41. MicroLEDs for medical applications     108
  • Figure 42. 2023 Cadillac Lyriq EV incorporating mini-LED display. 111
  • Figure 43. MicroLED automotive display.               111
  • Figure 44. Issues in current commercial automotive HUD.              114
  • Figure 45. Rear lamp utilizing flexible MicroLEDs.               115
  • Figure 46. Vuzix microLED microdisplay Smart Glasses.    117
  • Figure 47. Different transparent displays and transmittance limitations.   121
  • Figure 48. 7.56" high transparency & frameless MicroLED display.              122
  • Figure 49. Supply Chain of miniLED Backlight.       127
  • Figure 50. WireLED in 12” Silicon Wafer. 132
  • Figure 51. Typical GaN-on-Si LED structure.          133
  • Figure 52. 300 mm GaN-on-silicon epiwafer.       134
  • Figure 53. MicroLED chiplet architecture.              135
  • Figure 54. 1.39-inch full-circle microLED display  136
  • Figure 55. 9.4" flexible MicroLED display.               137
  • Figure 56. BOE MiniLED display TV.          139
  • Figure 57. BOE miniLED automotive display.         140
  • Figure 58. Image obtained on a blue active-matrix WVGA (wide video graphics array) microdisplay.            141
  • Figure 59. Fabrication of the 10-µm pixel pitch LED array on sapphire.      142
  • Figure 60. A 200-mm wafer with CMOS active matrices for GaN 873 × 500-pixel microdisplay at 10-µm pitch.         142
  • Figure 61. IntelliPix™ design for 0.26″ 1080p microLED display.    144
  • Figure 62. C Seed 165-inch M1 microLED TV.        145
  • Figure 63. Flexible microLED.       160
  • Figure 64. Jade Bird Display microdisplays.            162
  • Figure 65. JBD's 0.13-inch panel.               162
  • Figure 66. Prototype microLED display.   164
  • Figure 67. APHAEA MicroLED watch.        165
  • Figure 68. Lextar 2021 micro LED and mini LED products.               173
  • Figure 69. LSAB009 microLED display.     174
  • Figure 70. Schematic of Micro Nitride chip architecture. 178
  • Figure 71. Nationstar Mini LED IMD Package P0.5mm.     182
  • Figure 72. 9.4" flexible MicroLED display.               185
  • Figure 73. 7.56-inch transparent Micro LED display.          186
  • Figure 74. 48 x 36 Passive Matrix microLED display.           187
  • Figure 75. Micro-LED stretchable display.              190
  • Figure 76. The Wall.         191
  • Figure 77. Samsung Neo QLED 8K.             192
  • Figure 78. NPQD™ Technology for MicroLEDs.     195
  • Figure 79. Wicop technology.     197
  • Figure 80.  B-Series and C-Series displays.              200
  • Figure 81. TCL MiniLED TV schematic.     202
  • Figure 82. The Cinema Wall MicroLED display.     203
  • Figure 83. Photo-polymer mass transfer process.               205
  • Figure 84. 7.56” Transparent Display.      206
  • Figure 85. UMini0.9 4K. 208
  • Figure 86. VueReal Flipchip microLED (30x15 um2).          212
  • Figure 87. Vuzix uLED display engine.      213
  • Figure 88. Mi TV Master series.  215

 

 

 

 

The Global Market for Mini and Micro-LED Displays 2023-2033
The Global Market for Mini and Micro-LED Displays 2023-2033
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The Global Market for Mini and Micro-LED Displays 2023-2033
The Global Market for Mini and Micro-LED Displays 2023-2033
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