AUO and Innolux are optimistic about the future of MicroLEDs despite Apple's abortion of its MicroLED smartwatch project. The two firms believe the act opened up even more technological opportunities for MicroLEDs.
The expectation for the OLED display market in 2024 is quite high, with market research firms forecasting a rebound in revenue, especially with Apple's iPad set to feature OLED displays for the first time, which is expected to drive market growth.
Micro LED applications are expected to multiply in the coming years, especially in the automotive sector. Li Yun-Li, CEO of micro LED supplier PlayNitride, said customers will likely put the company's product into concept vehicles in 2025 and enter the design phase of volume-production cars in 2027. The adoption of micro LED solutions in EVs could progress faster than expected.
Taiwan's major panel specialist Innolux is poised to wow the audiences at the upcoming Touch Taiwan 2024 by showcasing the industry's first color conversion MicroLED display technology alongside other pioneering MicroLED innovations and applications.
VP of Taiwan Display Union Association (TDUA) James Yang says he is optimistic about Taiwan's MicroLED industry and the technology's potential, despite Apple's recent decision to abort its MicroLED smartwatch project.
LG Innotek and the automotive electronics division of LG Electronics recently visited Hyundai Motor Group's R&D hub. The industry has been wondering whether the two sides will expand their collaboration in the car sector.
Taiwanese MicroLED vendor PlayNitride is set to triple its wafer capacity by the end of 2024, chairman Charles Li has said at a recent investor conference, while also projecting that MicroLEDs for automotive applications would become cheaper than OLED panels by 2030.
Despite the decline in the global TV market, market experts project that MiniLED TVs, given their cost-effectiveness, will surpass OLED TVs in shipment volume for the first time this year.
China was already the largest OLED panel producer in 2023, manufacturing 51% of the world's OLED panels. Now it's actively increasing its capacity for OLED materials, for which China's market share in 2023 was 38%.
The market conditions will improve in the second and third quarters of 2024 compared to the same period in 2023, said LED chip manufacturer Epileds chairperson Hsu Ming-Sen.
Taiwan-based microLED company PlayNitride has successfully mass-produced 0.49-inch Full HD (FHD) resolution microLED microdisplays mainly used in Augmented Reality (AR) glasses.
Apple Inc.'s recent decision to give up a Micro LED smartphone collaboration with ams OSRAM forced the latter to sell its new factory in Malaysia to deal with the strategic change. Reza Chaji, CEO of VueReal, a Micro LED startup company based in Ontario, Canada, gave his insight on the challenges of the Micro LED industry during an exclusive interview with DIGITIMES.
Micro LED startup Porotech has added another strategic partner to its portfolio, launching a collaboration with touch panel manufacturer GIS, a subsidiary of the Foxconn Group.
