MicroLED Market Size 2023-2032

Report Overview:

 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.

 Along with OLEDs, Micro-LED are primarily aimed at small, low-energy devices such as smartwatches and smartphones. OLED and Micro-LED both offer greatly reduced energy requirements compared to conventional LCD systems.

 Unlike OLED, Micro-LED is based on conventional GaN LED technology, which offers far higher total brightness than OLED produces, as much as 30 times, as well as higher efficiency in terms of lux/W.

Market Value:

 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.

CAGR of 3.3% (2023-2032)

By Types:

 Small Sized Panels

 Medium Sized Panels

 Large Size Panels