To date, Mini/Micro LED hasn’t went into mass production, which is not as planned but in line with expectation. Anyhow, what matters is that the path to success has become much clearer even though arriving the destination of full-scale production still takes a period of time. In 2022, amid macroeconomic headwinds, Mini/Micro LED faced complicated challenges while embraced more opportunities. To some extent, the industry found silver linings in addressing problems at both supply and demand sides, including technical hurdles, cost issue, terminal applications and demands pr...

Jun. 1, 2023 ---- TrendForce has reported a significant decline in global LED demand throughout 2022, resulting in a noticeable downturn in both LED lighting and video wall markets. The industry was faced with an LED chip surplus, which led to a continuous drop in prices throughout the year. The combined impact of volume and price reduction resulted in a sharp 23% annual decrease in the market value of global LED chips in 2022, shrinking to just US$2.78 billion. Despite this challenging landscape, it is predicted that the LED industry will recover in 2023, primarily...

As TrendForce specifies in its latest report “TrendForce 2023 Micro LED Market Trend and Technology Cost Analysis”, although revenue from Micro LED chips installed in wearables (mainly smartwatches) are estimated to be only USD 3 million in 2023, the number will skyrocket to USD 172 million and USD 463 million in 2024 and 2025, respectively, as Apple starts to adopt Micro LED displays for its new watches. The new Apple Watch will likely prompt other brands to develop and promote Micro LED wearables. Micro LED chip market value from weara...

According to TrendForce’s 2023 Deep UV LED Market Trend and Product Analysis, the pandemic woes in China affected both supply chains and new project investments across the UV-A LED sector in 2022, where the market demand for PCB exposure machines and LCD lamination equipment—related to consumer electronics—dropped dramatically. In the UV-C LED sector, most home appliance manufacturers delayed product development plans due to weak consumer spending, indicating their lower willingness to introduce UV-C LED products. Further, UV LED...

According to TrendForce’s latest report “Gold+ Member: Global LED Industry Data Base and LED Player Movement Quarterly Update”, soaring raw material costs and high inflation caused by the Russia–Ukraine war and pandemic woes in China have slashed consumer market demand and increased end product inventories. Therefore, TrendForce analyzes that the LED market value shrunk to USD 14.214 billion in 2022 (-19% YoY). Except for the 40% growth rate of the Mini LED backlight market, general lighting, architectural lighting, agricultural l...

Shipments of monitor panels have fallen over the quarters this year due to various factors that have caused disruptions across the global economy and politics. TrendForce projects that shipments of monitor panels will total just around 158 million pieces for 2022, showing a YoY decline of 8.8%. According to TrendForce’s research on the market for display panels, monitor panels experienced a large downward shipment correction later than did TV and NB panels. For TV panels, the correction phase began in 3Q21. Turning to NB panels, a steep decline in shipments occurr...

TrendForce 2023 Infrared Sensing Application Market and Branding Strategies focuses on four sectors with strong growth momentum, namely the consumer electronics, smart cockpit (DMS / OMS), advanced driver assistance system (ADAS) / autonomous driving, and industrial / logistics automation. As SWIR LED / VCSEL / EEL become increasingly mature, TrendForce has also explored its business opportunities, techniques, as well as product specifications and prices.     According to TrendForce 2023 Infrared Sensing Application Mar...

The operation of Foxconn’s major manufacturing base in the Chinese city of Zhengzhou has been affected by a local COVID-19 outbreak since this October. As a result, the capacity utilization rate of the base has yet to risen above the level of 70%. The outbreak in Zhengzhou was at its worst just as Apple was trying to ramp up sales of the new iPhone models for this year (i.e., the iPhone 14 series) to a peak. Furthermore, the new Pro models have been in high demand, so Apple has kept raising their share in the overall iPhone production. Hence, Foxconn as the sole a...

Nov. 28, 2022 ---- TrendForce’s latest research finds that shipments of display panels used in notebook computers (NB panels) came to 13.5 million pieces (pcs) in this October, showing a MoM drop of 16.1% and a YoY drop of 45.0%. Based on TrendForce’s tracking of NB panel shipments, this figure is a 10-year low for the month of October. Moving into 4Q22, TrendForce expects NB panel shipments to remain in a slump because of uncertainties in the global economy and inventory adjustments that are taking place across the entire supply chain. Fourth-quarter shipm...

Nov. 11, 2022 ---- Ennostar’s subsidiary Epistar and PlayNitride’s wholly-owned subsidiary PlayNitride Display have announced that they have teamed up to build a production line for 6-inch Micro LED epi-wafers. Looking at the latest progress in the development of Micro LED, large-sized displays are regarded as the forerunners to the more advanced end products. Even though Micro LED has unresolved technological bottlenecks and cost-related issues, TrendForce is optimistic that this technology will eventually be adopted for the development of different kinds...

Nov. 8, 2022 ---- BOE has become the largest shareholder in HC Semitek following a RMB 2.1 billion capital investment deal, and they are now in a partnership with respect to the development of Micro/Mini LED businesses. BOE has been involved in Micro/Mini LED since 2017 and now possesses related offerings such as displays and backlight solutions. In 2020, BOE established BOE MLED Technology as a subsidiary dedicated to the R&D and manufacturing of Micro/Mini LED products. As for HC Semitek, it is a major Chinese LED chip supplier and has ...

Looking at Apple's 2022 sales, the company began adjusting the proportion of new products after the initial wave of pre-orders. The market response after the release of the iPhone 14 Plus was lukewarm, escalating Apple's product adjustment process. The iPhone 14 Pro series boasts improved specifications yet unit prices are the same as last year's models, making pre-orders for the Pro series highly popular. In the past, the Pro series was the first choice for the earliest wave of users. In addition, the delayed launch of the 14 Plus this year has led to more concentr...

According to TrendForce's latest "2023 Global LED Video Wall Market Outlook and Price–Cost Analysis" report, the global LED video wall market for virtual production applications in 2021 was worth approximately US$283 million, an annual increase of 136%. Despite being affected by inflation and the global economic downturn, the value of the virtual production LED video wall market is estimated to grow steadily to US$431 million in 2022, or 52% YoY, thanks to the adoption of virtual production technology by more studios.   According ...

In this press release, TrendForce details 10 major trends that are expected to take place across various segments in the tech industry, as follows: Advanced Foundry Processes Reach Transistor Structure Transition Period, Mature Processes Focus on Diversified Specialized Development Pure foundry processes transitioned from Planar Transistor to the FinFET generation starting from the 16nm node. After the development of the 7nm process and the introduction of EUV lithography technology, FinFET structure encountered physical limits at the 3nm node. Since th...

TrendForce indicates, overall utilization rate of LCD large generational fabs of Gen.5 and above (in terms of wafer starts) slipping to 60% in 4Q22 cannot be ruled out, which would be the lowest level in the past ten years. Sluggish panel demand and the fact that most panel makers have officially turned from profit to loss in 2Q22 are the key factors forcing panel makers to take a more rigorous approach to production control in 2H22. TrendForce states that the timing of purchasing volume adjustment on the part of IT brands lags relatively and its effect of shrinking orders q...

The LED video wall (Finished Product) market has weakened overall due to the ongoing Russia–Ukraine War and soaring inflation, while LED video wall manufacturers will pay more efforts to promote ≤P1.0 ultra-fine pitch displays to enter the high-end market and stabilize corporate revenue. Opportunities for the LED video wall market include corporation and education scenarios, home theaters, virtual production, retail, rental and events, sports, and government bids. In 2H22, the Chinese government will continue adopting the lockdown strategy against COVID-19 o...

Aug. 18, 2022 ---- According to the latest TrendForce research, "TrendForce 2022 Micro LED Self-Emitting Display Trends and Analysis on Supplier's Strategies," 4-inch wafers for Micro LED Large-Sized displays will reach approximately 1.14 million units by 2026. The chip market is expected to reach US$2.7 billion with a compound annual growth rate of approximately 241% from 2021 to 2026.   According to TrendForce, Large-Sized displays are currently the most anticipated products among a number of Micro LED display applica...

According to TrendForce’s latest market research report 2022 Global LED Lighting Market Analysis-2H22, as TrendForce reported, the demand for residential and commercial lighting was slashed in 1H22 by gloomy economic outlook amid soaring inflation, energy cost hikes following the Russia–Ukraine war, real estate downturns, as well as the pandemic’s twist and turns. That being said, as countries in Europe and North America began reopening, returns of commercial activities boosted consumption—plus the rising demand for energy-saving revamp solutions i...

Aug. 9, 2022 ---- According to TrendForce's latest research report "TrendForce 2022 Self-Emitting Micro LED Display Cost and Trend Analysis," Micro LED light engine performance beats Micro OLED in terms of brightness, contrast ratio, and responsiveness in transparent AR smart glasses microdisplays and is ideal for applications in outdoor environments. Since 2021, more than 10 branded manufacturers around the world have launched Micro LED transparent AR smart glasses concepts and related suppliers have improved Micro LED technology...

July 6, 2022 ---- According to TrendForce's latest "2022 Global Automotive LED Product Trend and Regional Market Analysis " report, although demand in the car market will decline in 2022 due to the impact of the Russian-Ukrainian war and China's pandemic resurgence, gains made in the penetration rate of LED headlights coupled with the development of advanced technologies such as intelligent headlights, logo lamps, and intelligent ambient lights will sustain a backstop for market demand in automotive lighting in 2022. At the same time, the soaring cost o...

Jun. 29, 2022 ---- According to TrendForce's latest Micro LED research report, among many Micro LED display applications, Micro LED microdisplays will be the next new high-end product following on the heels of large-scale display development. The market value of Micro LED AR smart glasses display chips is forecast to reach US$41 million by 2026. The reason for such a significant growth in market value in just one year from 2025 to 2026 is primarily due to the gradual maturity of technologies such as red chips, laser transfer, wafer bonding and full-colorization,...

According to TrendForce’s “2022 Global Automotive LED Product Trend and Regional Market Analysis,” although the vehicle market demand has shrunk due to the Russia–Ukraine War and COVID-19 pandemic in China, the automotive LED market demand has steadily increased in 2022 thanks to the increasing LED headlight penetration and rise of advanced technologies such as those for intelligent headlamps, logo lamps, (intelligent) ambient lights, and Mini LED / HDR automotive displays. TrendForce has analyzed the development in the automotive ...

Following years of development, Mini/Micro LED new display technologies have made critical breakthroughs, with end products often being unveiled in front of the public. However, there are several challenges for Mini LED and Micro LED—each at different development stages—to overcome before becoming mainstream display technologies. Mass Production Kicks off for Large-Size Micro LED Displays Following years of development, large-size Micro LED displays have entered the mass production stage this year, thereby stimulating the development of relevan...

According to TrendForce's latest LED report, as a slowing pandemic drove the recovery of various global economic activities, global LED market value beat market expectations in 2021, reaching US$17.65 billion, or 15.4% YoY. From the revenue ranking of LED manufacturers, most constituents benefited from the rebound in market demand and showed significant revenue growth with the top three manufacturers accounting for 29.5% of the market. Nichia's backlight LED business revenue declined due to increasing OLED penetration. However, driven by the rapid growth o...

According to TrendForce’s latest market research report the “TrendForce 2022 Mini LED New Backlight Display Trend Analysis”, the trend of Mini LED backlights led by leading players including Samsung and Apple in 2021 has encouraged other brands to introduce the up-to-date components into their new displays in 2022. For example, TV manufacturers such as Sony, Sharp, and Hisense have decided to use Mini LED backlights this year, while MSI, Lenovo, and GIGABYTE have applied the components to MNT and NB markets. As new comers have...

According to TrendForce latest report “2022 Deep UV LED Application Market and Branding Strategies,” as vaccination coverage increases with noticeable UV-C LED price slumps, TrendForce has revised down the UV LED market value to USD 317 million in 2021 (+2.3% YoY). In the long run, air and large surface sterilization will remain the major sectors for which leading home appliance brands strive. Additionally, UV-C LED will likely be applied to OEM automobile air conditioners, flowing water sterilization, manufacturing industry facilities, a...

Apr. 7, 2022 ---- According to TrendForce’s “Global LED Industry Data Base and LED Player Movement Quarterly Update” report, demand for high-standard LED products in the lighting market will enter a growth stage. Generally speaking, the price of lighting LED products is stable. However, due to the recent rise in global raw material prices, the unit price of products looks to trend higher. Coupled with high demand for energy conservation from governments around the world, the output value of the lighting LED market in 2022 is forecast to have an...

According to TrendForce’s latest report “Gold+ Member: Global LED Industry Data Base and LED Player Movement Quarterly Update”, economic activities have returned in all aspects as the COVID-19 pandemic began slowing down in 2021, boosting the global LED market scale to USD 17.65 billion (+15.4% YoY), a growth rate that beats expectations. Looking to the future, market value of Mini LED backlights and video walls will continue going up, along with increased automotive LED penetration, rising demand for high-end lighting, and expanded v...

According to TrendForce’s latest market research report 2022 Global LED Lighting Market Analysis-1H22, the lighting industry has increasingly emphasized the light quality of products (e.g., CRI, R9 value, and SDCM), and HCL for health. Moreover, the rising trends of luminaire digitalization and light- and color tuning in LED lighting products have stimulated smart LED penetration. Nowadays, new technological applications and potential demand have contributed to growth in the lighting market. TrendForce projects the global LED lighting market scale to ...

Feb. 16, 2022 ---- AR/VR device shipments revised up to 14.19 million units in 2022, with an annual growth rate of 43.9%, according to TrendForce research. Growth momentum will come from increased demand for remote interactivity stemming from the pandemic, as well as Oculus Quest 2’s price reduction strategy. Microsoft HoloLens 2 and Oculus Quest 2 are first in market share for AR and VR, respectively. According to TrendForce, the topic of the Metaverse has driven brands to actively plan for and stimulate product shipment performance. However, the AR/VR d...