The research organization predicts that the global MicroLED display market will soar from US$600 million in 2019 to US$20.5 billion in 2025, with an average annual compound growth rate of 80.1%. The factors causing this huge increase in demand are mainly including smart watches. , Mobile devices and NTE (AR / VR) devices are brighter and more energy-efficient display panel requirements. Consumer electronics companies, Apple, Samsung and Sony have shown interest in MicroLED display technology.
However, the company expects the growth of the OLED display market, the lack of a supply chain of MicroLED and the distributed patent portfolio that can inhibit the growth of the MicroLED display market.
After investigating the current manufacturing capabilities, prototype development and participation of large electronics companies, the market research agency stated that MicroLED smart watches and NTE equipment may move from the prototype development stage to the actual product production in 2019. MicroLED in NTE equipment The display market is expected to achieve the highest CAGR between 2019 and 2025. Because the brightness and resolution of the MicroLED display technology is the main driving force for its use in NTE equipment.
It is worth noting that AR devices need high resolution and high brightness to truly represent the real world. In addition, these displays are exactly the fast response time characteristics required for AR and VR applications. Potential VR applications using this technology may include games, Entertainment, research and training.
It is estimated that from 2019 to 2025, the major brand manufacturers, LED foundries and display panel makers will gather in the Asia-Pacific region will occupy the global MicroLED display market. In 2025, Samsung, Sharp, Panasonic, LG, Sony and other companies will become MicroLED. The main demand side of the display panel.