According to the latest report from LEDinside, a division of the market research firm TrendForce, 4Q17 Micro LED Next Generation Display Industry Market Report- Micro/Mini LED in Automotive Display Market, the total passenger car display in 2017 was about 241 million sets and is predicted to total 624 million sets in 2025, CAGR of 2017-2025 is 13%. The growth driver comes from rising IoV penetration, new energy carand autonomous vehicles. Hence, interior automotive display usage volume significantly rose.

A major bottleneck in the commercialization of Micro LED displays is the mass transfer of micron-size LEDs to a display backplane. Research by LEDinside, a division of TrendForce, reveals that many companies across industries worldwide have entered the Micro LED market and are in a race to develop methods for the mass transfer process. However, their solutions have yet to meet the standard for commercialization in terms of production output (in unit per hour, UPH), transfer yield and size of LED chips (i.e. Micro LED is technically defined as LEDs that are smaller than 100 microns).