Micro-LED & mini-LED applications to account for 11.4% of LED wafer volume by 2022

While conventional LEDs are used for backlighting, micro-LED and mini-LED technology has been used for self-emitting in displays of consumer electronics. Since each LED represents a pixel (increasing the number of LED wafers used), wafers for applications using micro-LEDs and mini-LEDs will account for 11.4% of the total LED wafers used worldwide by 2022, forecasts market research firm LEDinside (a division of TrendForce). These applications will become a key driver of market demand, it adds.