Zhitong Financial APP learned that in the second half of the year, a number of new energy vehicles with MiniLED screens will be officially delivered to customers, including the ideal L9, Cadillac LYRIQ, third-generation Roewe RX5 and Feifan R7, which means that MiniLED, as a new generation display technology, is becoming the "battlefield master" of vehicle display with its advantages such as long life, high brightness, high contrast, wider HDR color gamut and higher color saturation. According to the industry, vehicle display is developing in the direction of large screen, multi-screen, high-definition, interaction, multi-shape and so on. Vehicle display has become an important means for new forces to enter the high-end market, and it has also become a hardware support for major car companies to attract consumers through vehicle intelligence and entertainment functions. MiniLed and other new generation display technology is becoming the focus of competition in the industry. CITIC saidMiniLED is expected to accelerate its volume in 2022 and is optimistic about its future development and its leading role in the industrial chain.
It is reported that Mini LED is a "submillimeter light emitting diode", which refers to a LED whose chip size is between 50 and 200 μ m. Because the size of Mini LED is between traditional LED and Micro LED, it is an improved version based on traditional LED backlight, and it is also the best substitute in the process of Micro LED development.
Compared with traditional LED, Mini LED has smaller particles, finer display effect, higher brightness, more power saving than OLED, and supports accurate dimming without the problem of uneven backlight of LED. At present, Mini LED can be regarded as the transition from LED to Micro LED. Compared with the low yield of Micro LED, Mini LED has more advantages in mass production.
What is the size of the MiniLED market? According to Arizton data, the global Mini LED market will grow from US $150 million in 2021 to US $2.32 billion in 2024, and CARG will be 149.2% in 2021-2024. The size of the domestic Mini LED market will grow from 1.6 billion yuan in 2019 to 40 billion yuan in 2026, with a CARG of 58.4% from 2019 to 2026.
Throughout the world, Mercedes-Benz, BMW and other international well-known car companies also regard large-size, high-resolution and multi-local dimming MiniLED screen as the embodiment of luxury and intelligent features. The MiniLED industry leader is widely favored by the market. For example, the share price of BOE Precision Electric, which provides MiniLED vehicle screens to NIO Inc. and Feifan, has risen more than 150% in the past year, indicating that the demand of the industry will usher in explosive growth.
Longli Technology said in an institutional survey in June that at present, the company's on-board backlight module products (LED and Mini-LED technology) have been recognized by well-known automobile companies at home and abroad, and have reached cooperation with well-known Tier1 factories and well-known module factories, such as Haiwei Technology, Yuanfeng Technology, Foggia, Visteon, Desai Xiwei, Hangsheng Electronics, Hanyu Caijing, Huaxing Optoelectronics, Xinli, BOE Precision Electric Automotive Electronics, etc. Has gradually begun to enter well-known car companies, such as: NIO Inc., ideal, XPeng Inc., BYD, SAIC, Gaohe, Great Wall, Guangzhou Automobile, Ford, Hyundai, Toyota, Hechuang and other brands.
Jufei Optoelectronics vehicle LED business continues to perform well in 2021, making major breakthroughs among global strategic customers and steadily increasing its sales share. The company's automotive backlight products have fully entered the global customer's supply chain system, is the only mainland brand; the company's series of automotive high-power lighting products, has been widely used in near and far lights, daylight. The company's gauge-grade MiniLED backlight source can be used in in-car instruments, central control navigation and other on-board electronics, has obtained a number of independent brand car projects, and the business is progressing smoothly; gauge-level MiniLED direct display module, which can be used in automobile internal atmosphere, external lighting and external media display, is widely used in new energy vehicles, and some projects have achieved mass production.
At the same time, more and more Mini/Micro LED industry chain enterprises also begin to pay attention to the field of vehicle display.
Deep Tianma has said publicly many times that Micro LED has higher stability and longer life, so it is suitable for vehicle applications. The vehicle display screen has become the output terminal of the whole information integration, and the display screen extends from the initial independent instrument and central control to panoramic, curved surface, column and column from left to right display screen. " Zhang Guangsheng, director of the resource development department of Tianma Microelectronics Purchasing Center, previously said publicly that vehicle displays range from traditional buttons, knobs, and contact touch to suspension touch to voice control, gesture control, biometric identification, and fingerprint voiceprint, forming an integrated control interface.
In fact, in addition to Shen Tianma, including BOE and other panel factories in recent years have accelerated the investment in the field of vehicle display.
Prior to this, BOE and Chery Group reached a strategic cooperation. The two sides said that they will jointly build a joint innovation laboratory based on their respective industrial resources and technological advantages, focusing on the development of application scenarios and market demand. In terms of intelligent networked vehicles, the two sides will focus on promoting innovative research, development and in-depth applications such as liquid crystal antennas, thin film antennas, dimming glass, window displays, and so on.
CITIC saidMiniLED is expected to accelerate its volume in 2022 and is optimistic about its future development and its leading role in the industrial chain.Due to the high technical requirements of MiniLED and the large upgrading of equipment, chips and packaging modules, it is suggested that we should pay attention to the leading companies of the industry chain with relevant technology layout, micro and micro companies and 688383.SH on the equipment side, and 600703.SH, 300323.SZ and 002429.SZ on the chip side. The package module side recommends to pay attention to National Star Optoelectronics (002449.SZ), Hongli Zhihui (300219.S), Jufei Optoelectronics, Mega Chi shares, Ruifeng Optoelectronics (300241.SZ), Longli Technology, and PCB Duanpending Holdings (002938.SZ); downstream brands suggest to pay attention to 300296.SZ, 300232.SZ, TCL Technology (000100.SZ), Jingfang A (000725.SZ) and so on.
Related concept stocks:
Jufei Optoelectronics (300303.SZ): the company has made a comprehensive layout in the early stage of automotive products, automotive backlight LED has been used in instruments and central control of domestic and many joint venture brands, and has entered the global supply chain, automotive lighting LED has entered the supply chain of GAC, BYD, Jianghuai, Chery and other mainframe factories, automotive Mini LED products have established business cooperation with a number of host manufacturers. At present, the company has entered Skyworth Group, Hisense Electrical Appliances, TCL, Beijing Oriental, Deep Tianma, Youda Optoelectronics, Qunchuang Optoelectronics, Huawei, XIAOMI, OPPO, vivo, Optic Lighting, VESTEL, Samsung and other front-line manufacturers and end-customers supply chain system, and established a long-term close cooperative relationship with customers.
Longli Technology (300752.SZ): the company is a national high-tech enterprise focusing on LED backlight display module. The main business involves light emitting diodes (LED), backlight, electronic products technology development and sales of goods and technology import and export business.
Deep Tianma A (000050.SZ): the company has been deeply engaged in the field of small and medium-sized display for more than 30 years, focusing on the mobile intelligent terminal display and professional display market, and continuously developing new IoT/ applications, including smart home, smart wearable, sensor and other emerging fields. In SLT-LCD, LTPS TFT-LCD, AMOLED, touch integration technology (On-cell, In-cell), flexible display, Force Touch TED Plus, off-screen / on-screen fingerprint identification, Mini/MicroLED and other aspects of the industry and customers highly recognized, there is a complete industrial layout.
$Beijing Oriental Jingdian (00710.HK) $The company is the only vehicle display and system operation platform under the BOE Group, accounting for 84% of the vehicle business revenue in 2021, relying on its own innovative technology, advanced manufacturing capabilities and the advantages of high-quality customers. gradually developed into a large-size vehicle display leader, 2021 shipments and large-scale shipping area ranked first in the world, the product coverage of 20 major car factories in China reached 34%.