Market updates - Page 3

About two weeks ago, The MicroLED Industry Association published its first MicroLED Industry Roadmap and State-of-the-Industry document. The document has been well received, with over 400 downloads to date. In addition, over 400 downloads were recorded for other MicroLED Library documents in December, including the association's own white papers, and contributed materials from association members.

The 2024 MicroLED Roadmap covers the latest microLED technology trends, details the MicroLED Association’s roadmap and projections for the future of the microLED industry and market, by application segments. The summary edition can be downloaded here. 

The MicroLED Industry Association has published its first MicroLED Industry Roadmap and State-of-the-Industry document. 

The 2024 MicroLED Roadmap covers the latest microLED technology trends, details the MicroLED Association’s roadmap and projections for the future of the microLED industry and market, by application segments. The summary edition can be downloaded here.

MicroLED Industry Association members can access the full document here, which includes detailed insights into technology and architectures, challenges and forecasts.

DSCC estimates that the microLED display market will reach $1.4 billion by 2028, led by TVs and wearables. Other applications will include AR glasses and automotive displays (these do not appear in the graph below).

DSCC believes that MicroLED displays will offer superior performance, but its high price will keep it from being a mainstream technology in the near future. The first microLED smartwatch will launch in 2024, but it will target the high-end of the market and volumes will remain low. 

Yole Intelligence has published its latest microLED market report, in which it sees commercial microLED production starting in 2-3 years, following several delays. In 5-10 years, adoption will increase.

In its base scenario, Yole sees microLED panel sales reaching $1.5 billion in 2029 and $2.2 billion in 2030, with almost 90% coming from wearables and AR/VR/MR microdisplays. The rest of the panels will be used in TV applications. If you want to hear more about Yole's microLED market insights, you are welcome to join the MicroLED-Connect online event later this month.

MicroLED-Connect is an upcoming hybrid event series, a year-long program of virtual and onsite events, all focused on the microLED industry. The first MicroLED Connect virtual event is coming up later this month, a 2-day virtual event that will be focused on microLED (and also miniLED) technologies. The event will include over 25 lectures from leading companies, researchers and market analysts. The series is organized by the MicroLED Industry Association together with TechBlick.

In this post we share three online presentations, taken from last year's online microLED event (November 2022). The first video, above, is from the SSLEEC group (led by Prof. Denbaars and Prof. Nakamura) at the University of California, Santa Barbara, that discusses the latest microLED research performed at this world-renowned group. 

The first MicroLED Connect virtual event is coming up later this month, a 2-day virtual event that will be focused on microLED (and also miniLED) technologies. The event will include over 25 lectures from leading companies, researchers and market analysts. 

Eric Virey, a senior display analyst from the Yole Group, will give a talk discussing the opportunities for microLED technologies at high-volume applications - such as TVs, smartphones, wearables and IT displays. Yole's research on microLEDs is highly regarded, and we're looking forward to hearing Eric's latest analysis and insights. 

Here are some recent and popular MicroLED stories featured at MicroLED-Info, in case you missed it:

• LG Electronics launches a 118-inch 4K MAGNIT MicroLED TV
• MicroLED Connect: the world's first microLED-focused industry event
• JBD starts shipping full-color RGB microLED microdisplay samples
• PlayNitride to expand its production volume to 10,000 6-inch wafers per month
• The MicroLED Association reports over 2000 downloads for its white papers
• Samsung Display developed a 0.25" Full-HD microLED AR microdisplay
• SID Displayweek 2023 - MicroLED summary
• TrendForce: the microLED chip market is set to reach $580 million in 2027
• Mojo Vision developed the world's highest density red microLED microdisplay
• TrendForce: Apple delays the launch of its microLED smartwatch further to 2026
• HC Semitek starts building a $700 million microLED production line in Zhuhai, China
• Samsung Electronics launches a $100,000 89-inch microLED TV in Korea
• AUO to convert one of its LCD fabs to microLED production by 2025
• KAIST researchers create microLEDs that are not sensitive to sidewall defects
• DSCC: LGD to build a microLED backplane line for Apple by the end of 2024

Market Research firm Trendforce predicts that microLED chip sales will reach $27 million in 2023, a growth of almost 100 compared to 2022 ($14 million). Trendforce says that the market is expected to actually accelerate its growth, and grow at a CAGR of 136% from 2022 to 2027, reaching $580 million in 2027. 

Of course not just the LED chip market will grow - the entire ecosystem, including production equipment, backplanes, and more.

Market research firm Omdia says that the price of microLED display panels is set to drop 75% by 2027. Omdia is referring to small 10-14 inch displays, which currently cost around $5,800 for a 10" panel, or $10,0000 for a 14.6" one.

Omdia expects the price of a 10" panel to drop to $1,277 in 2027, and a 14.6" panel to $2,400. That's an impressive price reduction in 4 years, but the prices of such panels will still be very high - much higher than comparable LCD or OLED displays today. Omdia thinks that at such price levels, some niche applications like high-performance laptops or automotive displays may fuel demand for MicroLED displays.