Big guys like it! MicroLED's forecast for the next 6 years

April 17, 2023

As a display technology that has only been active in the past few years, some organizations have predicted that the market size of MicroLED will reach 600 million US dollars in 2019, and will increase exponentially after 2019. Some markets will come from Smart watches, as well as NTE devices including enhancements and virtual reality, smartphones, televisions, humanitarian devices, digital signage, laptops and monitors, and applications such as general purpose and automotive lighting.

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Does MicroLED have a more superior display capability?

Some insiders predict that MicroLED will grow to 20.5 billion US dollars in the next 5-6 years, and the compound annual growth rate will be more than 80%. The factors that have contributed to this dramatic increase in demand include the need for brighter and more energy-efficient display panels for smart watches, mobile devices and NTE (AR/VR) devices. Consumer electronics companies, Apple, Samsung and Sony have all shown their interest in MicroLED display technology.

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MicroLED smart watches and NTE devices may move from prototyping to actual production in 2019. The MicroLED display market in NTE equipment is expected to achieve the highest CAGR between 2019 and 2025. Because the brightness and resolution of MicroLED display technology is the main driving force used in NTE equipment. At the same time, this technology has also become the "toon" of many industry leaders.

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Self-illumination is one of the advantages of MicroLED

It is expected that from 2019 to 2025, the Asia-Pacific region, which is home to major brand manufacturers, LED foundries and display panel manufacturers, will occupy the global MicroLED display market. In 2025, Samsung, Sharp, Panasonic, LG, Sony and other companies will become the main demand side of MicroLED display panels.

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