PlayNitride, a key player in the Micro LED manufacturing sector, held a financial press briefing today, revealing robust growth projections for 2023. Chairman Dr. Yun-Li Li announced that sales from large-volume transfer equipment are expected to contribute 10-20% to this year’s revenue, underlining a positive outlook for the industry.
Li highlighted that the primary revenue drivers for PlayNitride are the television market, which exhibits a high annual compound growth rate, and the burgeoning sector of wearable technology, including headsets and smartwatches set to ship this year. These developments reinforce the company’s confidence in achieving significant revenue growth, continuing the positive trend observed from 2020 through 2023.
Despite fierce competition from OLED technology, which has seen substantial advancements due to initiatives in South Korea and mass production in China, Li remains optimistic about Micro LED’s potential. He projected that by 2030, the cost of Micro LED for automotive applications could align with current OLED prices, driven by rapid technological advancements and cost reductions in line with Moore’s Law.
In preparation for future demands and to sustain its market lead, PlayNitride is committed to ongoing investment in research and development. This strategy is aimed at mastering next-generation process technologies and ensuring the continual evolution of their equipment. Chairman Li’s outlook for the Micro LED industry is not only promising but also indicative of significant technological shifts on the horizon.
