Mini/Micro LED Industry Gains Momentum with $97 Billion Investment in Early 2024

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On 03/25/2025

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The Rise of Mini/Micro LED: Market Expansion and Investment Boom

As traditional LED display technology reaches maturity, the market is becoming increasingly competitive, with profit margins shrinking. In response, many companies are shifting their focus toward Mini/Micro LED technology as a new growth driver. With continuous advancements, commercialization of Mini/Micro LEDs is accelerating.

At the 2024 CES in the U.S. and ISE in Spain, Mini/Micro LED technology gained significant attention, featuring in products such as smart mirrors, AR glasses, smartwatches, monitors, TVs, and automotive displays. COB (Chip-on-Board) and MIP (Micro LED in Package) are emerging as the leading packaging technologies.

As the industry approaches a breakthrough phase, investment is surging. Between January and February 2024 alone, nearly 30 Mini/Micro LED projects have received funding, commenced production, or reached key milestones. As of February 20, 2024, the total investment in the Mini/Micro LED sector has reached CNY 694 billion (approximately $97 billion USD).

Industry Outlook: Key Trends Driving Mini/Micro LED Growth

1. Cost Reduction Accelerates Product Adoption
As COB and MIP packaging costs decline and pixel engine technology advances, Mini/Micro LED products are becoming more viable for consumer electronics. This development is expected to unlock a trillion-dollar market demand. In the near future, we can expect Micro LED commercial displays, AR glasses, smartwatches, automotive displays, and smart mirrors to be widely adopted.

2. Increasing Industry Participation Speeds Up Innovation
By 2025, more companies are expected to enter the Mini/Micro LED market, driving faster technological advancements and breaking through existing bottlenecks.

Traditional LED display companies face intensifying competition and shrinking profits, pushing them to invest in Mini/Micro LED technology as a sustainable growth avenue.
Micro LED is considered the ultimate display technology, attracting cross-industry players eager to capitalize on its potential.
As Mini/Micro LED commercialization accelerates, industry participation is expected to grow even further.

3. Strategic Partnerships for Competitive Advantage
The Mini/Micro LED sector is capital-intensive, technology-driven, and highly innovative. To secure a competitive edge, major corporations have formed strategic alliances, integrating chip development, packaging, equipment manufacturing, and end-product production.

These partnerships have yielded cost advantages, allowing companies to profit more quickly. Moving forward, we anticipate increased collaboration between businesses and academic institutions, further boosting technological innovation and market expansion.

4. AI Integration Enhances Industry Development
Recently, leading companies such as Leyard, Unilumin, CVTE, and Sitan Technology have adopted DeepSeek AI, further propelling Mini/Micro LED advancements.

According to Dr. Zhao-Jun Liu, Founder of Sitan Technology:
“The deep integration of AI and Micro LED display technology is redefining the methodology of innovation. We must not only ‘use’ large AI models but also ‘embed’ them into the industry. Our AI strategy aims to make machines the ‘super assistants’ of engineers, pushing the boundaries of human cognition.”

By integrating DeepSeek AI, Mini/Micro LED displays will offer:

● Stronger human-screen interaction
● Enhanced entertainment and functionality
Greater market appeal
● The industry must actively embrace this transformation to stay ahead.

Conclusion

Mini/Micro LED technology is advancing rapidly, with applications in commercial displays, AR glasses, automotive screens, smartwatches, and smart mirrors becoming more mainstream.

This capital- and technology-intensive industry favors large enterprises that can leverage economies of scale. However, as more players enter the market, the technology will continue to evolve and mature.

Looking ahead, Mini/Micro LED is poised to reshape the display industry, with potential market giants emerging. The future is promising—let’s watch it unfold!