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Ennostar and PlayNitride Join Forces to Develop Micro LED, and Value of Market for Display-Related Micro LED Chips Will Reach Around US$542 Million in 2024, Says TrendForce

11 November 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 of displays and end products. Examples include transparent AR smart glasses, displays for wearable devices like smartwatches, automotive displays such as those embedded in a smart cockpit, and other transparent display products. Furthermore, the latest efforts in product development will likely create new high-end applications for Micro LED. TrendForce currently forecasts that the value of the market for Micro LED chips used in displays will reach US$542 million in 2024. Afterwards, the market will experience soaring growth starting in 2025 on account of the maturation of technologies.

BOE Becomes Largest Shareholder in HC Semitek with Capital Investment of Around RMB 2.1 Billion, and Both Parties Will Jointly Develop Micro/Mini LED Businesses, Says TrendForce

8 November 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 an overarching presence across the LED chip industry chain. Hence, it produces not only LED chips but also LED epi wafers, sapphire substrates, etc. According to the data from market intelligence firm TrendForce, HC Semitek took fourth place in the 2021 ranking of LED chip suppliers by external sales revenue. Besides this achievement, HC Semitek is also at the forefront of advanced LED technologies including Micro/Mini LED. In a ranking of LED chip suppliers based on the revenue that is solely from sales of Mini LED chips, HC Semitek is currently in third place following Epistar and San’an.

Virtual Production LED Video Wall Market Estimated to Reach US$431 Million in 2022, with Mainstream Applications in Entertainment and Audio-visual Industries, Says TrendForce

17 October 2022

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% (+136% YoY). 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.

TrendForce Announces 10 Tech Industry Trends for 2023

11 October 2022

​​​​​​ In this press release, TrendForce details 10 major trends that are expected to take place across various segments in the tech industry, as follows:

Micro LED Large-Sized Display Chip Market Estimated to Reach 2.7 Billion US dollars by 2026, Says TrendForce

18 August 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.


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