LEDinside estimates that the market size of Micro LED is estimated to be 2.891 billion U.S. dollars in 2025. The estimated application categories include mobile phones, wearable watches, car displays, virtual reality and television. However, Micro LED faces technical bottlenecks, including Lei Crystals and chips, transfer, full color, power-driven, backplane and detection and repair technologies, manufacturers this year must achieve a breakthrough in the development of key technologies.
Compared with Micro LED this year is still in the technology development period, infrared sensing applications market this year will continue to carry out business opportunities, by the recent biometrics as the mainstream security, including consumer electronics products into the iris, face recognition. In addition, security monitoring, infrared Touch panels are the main growth momentum of infrared applications, and then digital medical, automotive light up, unmanned aerial vehicles are infrared applications.
Car is also predictable market growth this year, LEDinside pointed out that due to the promotion of high-power LED technology, coupled with the decline in LED prices, the car LED lighting gradually shifted from high-end models to mid-range models, of which The market of far and near lights grows most astonishingly. The market value of LEDs in far and near lights applications will reach 1.46 billion U.S. dollars in 2020 and a CAGR of 15.8% in 2016-2020.
In addition, the car panel in the head-up display, control panels, dashboards, entertainment boards and other rapidly increasing demand, estimated vehicle LED panel production will also grow from 0.42 billion last year to 0.87 billion in 2020, nearly Five-year CAGR was 25%. Last year, the global proportion of new car models equipped with car panels has been 13%. It is estimated that it will reach 18% by 2020, and the LED backlight needs will be pushed up simultaneously.