Comparing to OLED, mini LED has better Color Saturation and higher Contrast Ratio since more Local Dimming Zone is available for it.
The over-heated problem will not happen and mini LED has a longer life-cycle and cost advantage (20-40% lower).
According to Yole Development's research, there are 3.24 million devices in the market with mini LED, focusing on the field of smartphones, TV, and monitors.
The market demand is forecasted to 80.7 million devices in 2023, with automotive applications leading the trend.
- Apple (AAPL) will equip its iPad Pro and new Mac Book with a mini LED in 1Q21. LG Display (LPL) will provide Apple with the panel, Epistar(2448.TW) and TSMT(6278.TW) along the supply chain will benefit.
- Samsung's (005930.KS) next wave of TVs will feature mini-LED backlighting on several models, giving its QLED TV lineup a more fierce rival to OLED TVs.
- Nintendo is planning to cooperate with Innolux (3481.TW). Nintendo will equip Switch Pro with mini LED in 2021, in order to boost power efficiency and increase life-cycle.
