In 2021, the global economy recovered slowly due to factors such as the epidemic, rising commodity prices and material shortages. The epidemic in China was well controlled and the LED display industry has also benefited a lot. The sales of LED display is expected to 7 billion US Dollars in 2021, getting the level of 2019.
"Rising prices" is a topic that cannot be avoided this year. The rise in raw materials and the surge in driver ICs have triggered a boom in industry price hikes. The price of driver ICs has risen dozens of times, which has rapidly pushed up the cost of LED displays. In this case, top companies had outstanding sales performance due to their capability of price control. However, some small and medium-sized enterprises have withdrawn from the historical stage because of their weak ability to resist risks.
In this year, various technologies in the display industry have made great progress. Among them, Mini LED backlight has ushered in the first year of commercial use, and Mini LED direct display/Micro LED has also been improved. Mini/Micro LED, which will be greatly hyped, is moving from concept to market.
Technology is changing with each passing day. The small-pitch market is advancing by leaps and bounds, and micro-pitch and Nano LED get attention.
LED movie screen ushered in a new breakthrough XR virtual shooting technology helps it take off.
IMD packaging technology is mature, 20-in-1 product came out.
The Mini LED backlight market is booming, and the mature POB packaging solution is recognized Mini/Micro LED technology advances, new product categories expand.
Glasses-free 3D visual effects/true 3D LED technology gradually matures, fully empowering the development of the LED display industry.
In the post-pandemic era, the bleak rental market is picking up.
It is expected that in 2022, after a period of inventory release, the LED display industry will gradually recover, but due to the impact of the epidemic, it is still not too optimistic.