The market demand for institutions to increase shipments of Mini LED backlit substrates may burst.

According to a report released by market research agency CINNO Research, the global shipping area of Mini LED backlit substrates will be increased to about 50 million square meters in 2025, with an average annual compound growth rate of 72.8% CAGR. CINNO believes that Mini LED backlight products equipped with quantum dot technology are expected to take into account both cost and performance, and become a new hot spot in the development direction of new display technology at the present stage.

The organization believes that after several years of accumulation, Mini-LED backlit display technology has entered an accelerated infiltration stage, multi-brands accelerate the layout and launch of related products, Samsung, Huawei, Apple, Xiaomi and other brands have launched related technology products, after years of technology precipitation to meet the outbreak of demand.

According to the theme database of the Financial Associated Press, among the relevant listed companies:

Ruifeng Optoelectronics Mini/Micro LED has been introduced into important customers in the fields of smart TV, computer, PAD and so on. Hubei production base project is expected to be put into production in the first half of next year. 6.63 million pieces of Mini LED backlight packaging product production capacity will be formed after the full delivery of the Hubei project.

Qianzhao Optoelectronics produces Mini LED chips in Xiamen, and plans to raise an additional 1.5 billion yuan mainly for Mini/Micro, high light efficiency LED chip R & D and manufacturing projects.