Ⅰ.Technological Innovation Drives Change
In April, a team from Zhejiang University developed a 90-nanometer pixel perovskite LED with a brightness of 1.16 million nits, providing a high-resolution solution for AR/VR devices. It is expected to be applied in consumer-grade smart glasses by 2027. Unilumin Technology achieved Mini/Micro LED sales exceeding 500 million yuan in the first half of the year, with COB technology enabling a chip yield breakthrough of 99.998%.
Ⅱ.Market Shows Differentiated Growth
The global LED market output value is projected to reach $13.003 billion, with segments such as Micro/Mini LED and automotive LED growing at over 15%. Driven by policies, the smart lighting market reached $11.573 billion, while high-end automotive applications faced price pressures in the second half of the year.
III. Industry Landscape Rapidly Reshaping
In August, manufacturers such as MLS Co. raised prices by 5%-10% in response to regulations curbing low-price dumping, shifting the industry toward a “value-based competition” model. Leading companies like Unilumin Technology are building ecosystems with “LED + AI,” supported by ongoing policies for industrial upgrading. Demand for plant lighting in Europe increased by 3.9%.
Ⅳ.AR Devices Become a Growth Hotspot
Shanghai Xianyao Display secured hundreds of millions in funding, with its MicroLED light engine compatible with nearly 50 smart glasses models. The “Hummingbird II” promotes device lightweighting. Unilumin Technology applied AI rendering technology in the CCTV Spring Festival Gala, demonstrating the potential of immersive experiences.
Ⅵ.Perovskite Technology Accelerates Commercialization
A team from Linköping University developed perovskiteleds with a 30% cost reduction and a lifespan exceeding 10,000 hours, now in pilot production. It is expected to capture 10% of the high-end display market by 2027.
Industry Insight: Technological breakthroughs and policy guidance are driving dual-track development in the industry. MicroLED and perovskite technologies are becoming core drivers, with AR devices set to become the next growth frontier.
