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.