The demand for Micro LED continues to grow, and PlayNitride saw a shift from losses to profits in its single-quarter operations last year. As the adoption of electric vehicle smart cockpits, TVs, and AR/VR applications expands, the overall economic scale of Micro LED technology is gradually becoming more evident. Furthermore, with the continued improvement in yield rates, profits are expected to grow steadily.
According to forecasts, the output value of Micro LED chips is expected to reach approximately $38.8 million in 2024, with large displays remaining the primary contributor. As automotive display applications become more concrete and AR glasses’ full-color solutions mature, Micro LED chip production is projected to grow to $489 million by 2028.
More and more leading global automakers are willing to invest in the development of Micro LED displays. PlayNitride has also secured orders from US-based wearable device clients, collaborating with multiple partners on transparent display development. The company’s front-end Micro LED technology cooperates with Epistar, while its back-end works with AUO. These collaborations are expanding their positive effects, with continued improvements in COC yield rates. Additionally, the sales gross margin from in-house equipment production is between 40% and 60%, which is higher than the overall industry average. All of these factors will contribute to continued profit growth this year.
Disclaimer: The views and opinions expressed in this article are those of the original authors and do not necessarily reflect the official policy or position of MiniMicroLED Insights . While we strive to ensure the accuracy and reliability of the information provided, the content on this website may include translations, re-edited versions of second-hand information, or information derived from unverifiable sources. MiniMicroLED Insights makes no representations or warranties, express or implied, regarding the completeness, accuracy, or timeliness of such content. The information in this article is for informational purposes only and should not be construed as professional advice. Any reliance you place on such information is strictly at your own risk. To the fullest extent permitted by law, MiniMicroLED Insights disclaims all liability for any direct, indirect, incidental, consequential, or punitive damages arising out of your use of, or reliance on, the information contained in this article.
Copyright Notice: This article may include translated and re-edited content derived from various online sources, including websites and social media platforms. While we strive to credit the original authors and sources to the best of our ability, we may not always be able to verify the original source of the content. All rights to the original content remain with the original author or source publication. Where applicable, this content is reproduced for educational and informational purposes under the fair use doctrine. If you believe any content on this site infringes upon your intellectual property rights, or if you are the copyright owner and believe we have not credited you correctly, please contact us at minimicroled.business@gmail.com. We will investigate and take corrective action, including removing or properly crediting the content if necessary.
Content sourced and adapted by MiniMicroLED Insights (Doris).
