In 2023, it is expected that the sales scale of China's LED display application market will reach 75 billion yuan. This is the information learned by a reporter from China Electronics Daily at the 18th National LED Industry Development and Technology Seminar and the 2023 National LED Display Application Technology Exchange and Industry Development Seminar held from November 3rd to 4th. Experts attending the meeting pointed out that with the development of Mini/Micro LED technology and the maturity of small pitch products, the industrial agglomeration effect is becoming increasingly apparent, and cross-border enterprises are entering the market one after another. The future industrial pattern may be reshaped.

Driven by the new generation of information technology, the LED industry is entering a stage of innovation leadership, transformation and improvement, and high-quality development. In his opening speech, Guan Baiyu, Secretary General of the China Semiconductor Lighting/LED Industry and Application Alliance, pointed out that from 2003 to present, China has continuously launched new products in LED devices, LED lighting, display screens, and backlight sources. The industry has accumulated relevant experience and explored the laws of industrial development.

"The overall LED industry in our country has formed a relatively complete industrial chain, including basic LED chips, packaging, driver ICs, control systems, power supplies, production supporting equipment and materials. The standardized industrial ecosystem has laid the foundation for further development and improvement." said Guan Jizhen, Chairman of the LED Display Application Branch of the China Optics and Optoelectronics Industry Association. According to the statistics of the LED Display Application Branch of the China Optics and Optoelectronics Industry Association, the market share of indoor and outdoor display products has undergone significant changes in recent years. The proportion of indoor display products has been increasing year by year, accounting for more than 70% of the total product volume for the year. Since 2016, small pitch LED displays have experienced explosive growth and quickly become the mainstream product in the display screen market. At present, the overall market share of small to medium pitch products for indoor and outdoor LED displays is over 40%.

The reporter learned at the meeting that currently COB integrated packaging technology, Mini/Micro LED display technology, LED virtual shooting and other directions are gradually becoming new additions to the development of the LED market. As a high-end direction of packaging technology, COB has gradually become an important product technology trend under the development of LED screen micro spacing, and the camp and scale of related manufacturers are rapidly expanding. The Mini LED backlight market has experienced an annual compound growth rate of 50% since entering its first year of growth in 2021; After key technologies such as massive transfer mature, Micro LED is expected to achieve large-scale use within two years. In terms of LED virtual shooting, with the decrease in cost and improvement in efficiency of this technology, it is increasingly being applied not only in the film and television field, but also in variety shows, live streaming, advertising and other scenes.