Currently, Mini LED displays are widely favored in markets such as TVs, IT displays, and automobiles. Statistics show that the global Mini LED market will grow to .32 billion USD by 2024, and 5.9 billion USD by 2025, with a compound annual growth rate of 86.6% from 2019 to 2025, of which Mini LED backlights will contribute the main market revenue.
In 2021, there was an explosive growth in VR equipment shipments, but this high growth trend did not continue in 2022. Statistics show that the global shipments of VR and AR devices in 2022 dropped by more than 12% year-on-year to about 9.6 million units. Although sales are sluggish , industry analysts believe that this does not mean that AR/VR equipment has entered a new round of industrial winter, and its development potential is still huge. The industry’s landmark event will be the launch of Apple’s VR devices.
When it comes to display panels, everyone almost thinks of LCD and OLED. The former is a fairly popular technology and is widely used in various display devices. The latter is a new display technology that has only become popular in recent years, also known as the next generation display technology. In addition, QLED and MicroLED are also regarded as next-generation display technologies. So what is the difference between OLED, QLED and MicroLED, and who is the next-generation display technology?