In 2021, many leading companies in the Mini LED industry have successively increased their investment in the industrialization of Mini/MicroLED new display technologies and lighting. The scope of participation in the industry chain will continue to expand, and the development of the Mini/Micro LED industry will enter the fast lane. It indicates that the Mini LED industry is about to usher in an explosive period. Therefore, Youngen Technology has deployed the Mini LED equipment field in advance to prepare for the explosion of the Mini LED industry.

According to GGII estimates: in 2021, China's LED display market will be about 57.6 billion yuan, a year-on-year increase of 8.27%. Six LED display companies including Leyard, Unilumin Technology, Ledman Optoelectronics, Alto Electronics, and Lianjian Optoelectronics have successively disclosed their 2021 annual reports. According to the annual report data, most of the six listed display companies will achieve double growth in revenue and net profit in 2021.

With the gradual mature development of technology and the further reduction of cost, LED display has been going hand in hand in the dedicated, commercial and residential consumer markets. Small-pitch LED, Mini LED display and Mini backlight have opened up many market segments such as video surveillance, conference rooms, commercial use, virtual shooting, as well as TV, PDA, notebook computers, gaming monitors, etc., and various innovative products have emerged one after another.

In the first quarter of 2022, the performance of Mini LED manufacturers such as Nationstar Optoelectronics, Dongshan Precision, Zhaochi Optoelectronics, Jingtai, and Jinko Electronics increased significantly. GGII predicts that the size of China's LED display market is expected to reach 63.5 billion yuan in 2022, a year-on-year increase of 10.24%.

In the first quarter of 2022, with the gradual recovery of overseas markets, the domestic downstream demand maintained a high degree of prosperity, which led to a substantial increase in shipments of the entire LED display industry chain, which in turn drove the demand for production equipment including chips and packaging to jump. Youngen Technology invested 20 million yuan in 2019, and it took two years to develop and develop the Mini LED chip sorting machine. The Mini LED chip sorting machine it produces applies three core technologies, including ultra-high-speed motion control software algorithms, nano-precision mobile motion platform technology, and AI visual defect detection technology. These three technical levels have taken the lead in the industry. It marks that Youngen Technology Co., Ltd. has entered the domestic Mini LED chip sorting machine market and has become a good choice for import substitution of this type of equipment.