The market segmentation of LCD modules mainly includes small and medium-sized LCD modules and micro-LCD modules.
The market prospects of small and medium-sized LCD modules (LCM) are relatively complex, mainly subject to changes in demand and technological changes in downstream smart phones, tablets, and car displays. In 2022, global shipments of small and medium-sized LCD modules reached 540 million pieces, a year-on-year increase of 3.8%. The growth of this market segment is affected by many factors, including technological progress, product upgrades, and expansion of application areas.
Micro-LCD modules (MCM), especially LCD modules with a size of less than 1 inch, are mainly used in wearable devices, virtual reality/augmented reality (VR/AR), medical devices, military equipment and other fields. These modules have the characteristics of high resolution, high brightness, low power consumption, and thinness. In 2022, the global shipment of micro-LCD modules will be about 22 million pieces, a year-on-year increase of 10%, of which the shipment of LCD modules for wearable devices will be about 11 million pieces, accounting for 50%. This growth is mainly driven by the consumer demand for AR glasses and the development of micro-display technology.
In addition, the development of the LCD module industry is also affected by factors such as global market demand, technological upgrading, and competition between domestic and foreign manufacturers. With the popularization and application of emerging technologies such as 5G and the Internet of Things, LCD modules will be used in more fields, and market demand will further increase. At the same time, with technological advancement and cost reduction, the cost performance of LCD modules will continue to improve, further promoting the development of the market.
