MicroLED Market Size 2023-2032

MicroLED Market Size 2023-2032

Oct 19, 2023

The global MicroLED market was valued at US$ 977.5 million in 2022 and is projected to reach US$ 1231.1 million by 2030, at a CAGR of 3.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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Micro-LED, also known as microLED, mLED or LED, is an emerging flat panel display technology. Micro-LED displays consist of arrays of microscopic LEDs forming the individual pixel elements. When compared to the widespread LCD technology, Micro-LED displays offer better contrast, response times, and energy efficiency.

MicroLED, which stands for Micro Light-Emitting Diode, represents a cutting-edge display technology that harnesses an array of microscopic light-emitting diodes (LEDs) to generate images and visuals. These tiny LEDs are considerably smaller than conventional ones, measuring just a few micrometers in size.

MicroLED displays present numerous advantages compared to other display technologies like LCD (Liquid Crystal Display) and OLED (Organic Light-Emitting Diode). They excel in brightness, contrast ratio, and color reproduction, resulting in exceptionally vivid and lifelike images. Moreover, MicroLED screens operate without the need for a backlight, making them highly energy-efficient and capable of achieving true blacks by individually controlling the light emission of each pixel.

Total Market by Segment:

Global MicroLED Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)
Global MicroLED Market Segment Percentages, by Type, 2022 (%)

  • Small Sized Panels
  • Medium Sized Panels
  • Large Size Panels

Further, the report presents profiles of competitors in the market, key players include:

  • Samsung Electronics
  • Apple
  • Sony
  • Jbd
  • Lumens
  • LG Display
  • PlayNitride
  • AU Optronics
  • Plessey Semiconductors
  • Rohinni LLC
  • Epistar Corporation
  • Konka Group

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