Hot topics of the week: Huawei, Meizu, Acuity, etc. accelerate the development of emerging LED applications

This week, the LED industry continues to accelerate the development of emerging application areas. Huawei, Acuity Brands, and Luoman Technology have respectively set up new companies and made acquisitions to expand their presence in emerging LED applications such as automotive displays, lighting, plant lighting, and digital cultural tourism;

Meizu has entered the AR glasses market and released new products MYVU Discovery and MYVU, which are equipped with the latest ultra-small-size Micro LED full-color and monochrome optical engines to meet all-scenario applications. Please see below for details.

【Selected Events】

★TrendForce: 2023 Micro LED Market Report (2H23) Published

On December 1, TrendForce Consulting’s “2023 Micro LED Market Trend and Technology Cost Analysis” report (2H23) was published. TrendForce estimates that Micro LED chips will grow into a market close to US$600 million in 2027, with a CAGR of 111% from 2022 to 2027. It is the most explosive application among the diverse applications of the LED industry.

★Huawei and Changan Automobile established a new company, involving in-vehicle display and other smart car business

On November 25, Huawei and Changan Automobile reached an investment cooperation and planned to establish a company engaged in automotive intelligent systems and component solutions. The company's business scope includes: automotive intelligent driving solutions, automotive intelligent cockpits, intelligent automotive digital platforms, intelligent vehicle clouds, AR-HUD and intelligent vehicle lights, etc. Huawei plans to integrate the core technologies and resources of the intelligent vehicle solutions business into the new company through this cooperation.

★Acuity Brands announces acquisition of Current plant lighting business

On November 27, Acuity Brands announced that it would acquire Current’s Arize series of plant lighting product business. The transaction will be completed in January next year. In addition, Acuity Brands has reached an agreement with North American distributor Hort Americas to continue to be the exclusive distributor of Arize products in the United States, Canada and Mexico.

★Roman Shares plans to hold a controlling stake in British Holovis, focusing on digital cultural tourism, AR/VR and other fields

On November 28, Roman Shares announced that it plans to purchase the equity of the British company PREDAPTIVE in cash. After the completion of this transaction, Roman Shares will hold 85% of the equity of PREDAPTIVE and 100% of its subsidiary Holovis. This acquisition will accelerate the development of Roman shares in the fields of digital cultural tourism and AR/VR.

★China’s first digital movie LED theater industry standard released

According to news on November 30, my country's first digital movie LED theater industry standard "Digital Movie LED Theater Technical Requirements and Measurement Methods" was officially released. The standard stipulates the terms and definitions, abbreviations, composition and technical requirements of digital movie LED cinemas. This standard fills the gap in domestic industry standards.

[New Products and New Technologies]

★Meizu released two types of Micro LED AR glasses, with a maximum price of 9,999 yuan

On November 30, Meizu released all-weather Micro LED AR smart glasses MYVU Discovery and MYVU. The products are respectively equipped with the world's smallest Micro LED full-color light engine of 0.4cm³ and a Micro LED single green light engine of 0.3cm³. The two glasses products are priced at 9,999 yuan and 2,499 yuan respectively.

★Q-Pixel launches the world’s smallest Micro LED full-color pixel, capable of 10,000PPI display

On November 29, Q-Pixel announced that the company had developed the world's smallest Micro LED full-color pixel (1μm) through proprietary tunable multi-color light-emitting diode technology and achieved a full-color display of 10,000PPI. The new product surpassed Q-Pixel's previous world record of 5,000PPI full-color display.

★Tianma held a global innovation conference, and seven major innovations including Mini/Micro LED were unveiled

On November 27, Tianma held an innovation conference, at which Tianma brought the latest car-standard quantum dot MiniLED display technology, which has the characteristics of low power consumption, high color gamut, and low halo. In addition, Tianma also demonstrated the latest 1.63-inch 403PPI active Micro LED display, which can be widely used in various smart wearable and mobile terminals.

★AOC is about to launch a 34-inch MiniLED hairtail direct screen display

According to news on November 25, the Reddot Red Dot Award website exposed AOC’s new 34U3 monitor. It is reported that this monitor uses a newly designed base that supports lifting and rotation. The screen is a 34-inch MiniLED direct screen. Specific parameter information has not been announced yet. The product is expected to be released during the CES conference in January next year.

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