Global Micro-LED market to reach $10.7 billion in 2022, says n-tech Research

July 17, 2018 //By Julien Happich
Global Micro-LED market to reach $10.7 billion in 2022, says n-tech Research
Industry analyst firm n-tech Research has just published a new report titled, “Micro-LED Market Opportunities: 2018-2027” that forecasts the global micro-LED market will grow from $2.7 billion in revenues in 2019 to $10.7 billion in 2022.

n-tech believes micro-LED technology is making substantial advances, which will produce substantial opportunities in the coming years. 

Micro-LEDs have superior performance qualities to other advanced display technologies. Micro-LED technology has already proven itself superior to LCDs and OLEDs through numerous working prototypes evaluations.  Such superiority will be an immediate enabling factor in near-eye AR/VR projectors and automotive HUDs.  Such applications require a combination of small form factor, low weight, super-high resolution and super-high brightness.

The smart watch market is another lucrative opportunity for micro-LEDs.  Here, the combination of extremely low power consumption and very strong brightness make micro-LEDs an obvious choice for wearable displays. n-tech sees this segment as generating $1.6 billion in 2022.

The market research firm expects growth in extra-large displays. Such displays are used in video walls, digital cinemas, digital signage and home theatres, where n-tech believes they will greatly benefit from the scalability of micro-LED technology to large areas (already demonstrated by Sony and Samsung).  Micro-LEDs also offer the “giant screen” sector the possibility of hybridization with other functionalities, and compatibility with flexible and transparent display designs.

Though there are still applications where micro-LEDs will have a hard time penetrating, notes n-tech.  These include smartphones, tablets and regular TV market, where LCD and OLED technologies will continue to do well. Benefits from micro-LEDs are not as apparent in these markets although low power consumption could be something of a selling feature for tablets and smart phones.

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