Market research firm Omdia sees a strong growth in the microLED market in the future, led by demand from the smartwatch and TV markets. Omdia says 16 million MicroLED displays will ship in 2027 - over 10 smartwatch displays and 3.3 million TVs.
This is impressive growth, but even with such projected growth microLEDs will have limited penetration in the display market in 2027.
This is a sponsored article by Dr Xiaoxi He, Principal Analyst, IDTechEx
MicroLED, believed by many to be the next generation of display technology, has been pursued by players of LED, display, OEM, materials and so on. Differentiated from LCD and OLED, microLED is considered to be the only display technology that has no size limitation. What are the potential applications? What are the hypes and realities? These are questions addressed in the brand-new IDTechEx report, “Micro-LED Displays 2020-2030: Technology, Commercialization, Opportunity, Market and Playersâ€.
Samsung Display has announced it is ending the LCD business and will focus on its QD LCD & OLED businesses. LG Display has halted its domestic production of LCD panels. Korean vendors tend to reduce their LCD panel production and shift to QLED & OLED. In addition, Panasonic and JDI are also getting out of the LCD business. AUO, Innolux and a few other Taiwanese companies are slowing down investment in LCD or OLED. As a comparison, LCD manufacturing is shifting to mainland China due to cost competence, new line production efficiency and industry chain support.
This article is an extract from The MicroLED Handbook, 2020 edition, and gives a short introduction to the current market status of MicroLED Microdisplays. The handbook was published in January 2020 - there has been some updates since then, for example Plessey's recent soft-acquisition by Facebook and MICLEDI's technology was revealed.
There are several companies that develop microLED microdisplays, and these are gearing up to begin mass production of displays soon. It is likely that microdisplays will be the first type of commercial displays enabled by microLED technology.
Yole Developpement reports that about 5,500 microLED patents (2,500 patent families) have been filed, by more than 350 organizations. The rate of patent filing is growing exponentially - 40% of the patents were filed in 2019.
According to Yole, the recent patent filing shows that the industry is moving from prototypes to commercial consumer displays. Other notable new finding include that startup companies are a major innovation force, Apple is slowing down with its IP (but this could mean that the company is now focused on commercialization), and Samsung pursues multiple development tracks. BOE is another strong microLED IP player, with almost 150 patent familiies filed in 2019.
MicroLED-Info and Perovskite-Info are happy to announce the 2020 edition of The Perovskite Handbook. This book is a comprehensive guide to perovskite materials, applications and industry, and it is now updated to January 2020 and lists recent developments and new companies, initiatives and research activities.
Perovskites are an exciting class of materials that feature a myriad of exciting properties. Perovskites are now entering the display market, with applications in quantum dots, LEDs, lasers and more.
MicroLED-Info is proud to present The MicroLED Handbook. This book is a comprehensive guide to MicroLED display technology, industry and market. MicroLED displays are thin, efficient, bright and flexible and are on track to revolutionize the display industry.
In May 2019 PMOLED display maker RiTDisplay announced a strategic partnership and share swap with MicroLED developer PlayNitride, and RiT later said it aims to release its first product to the market in 2020.
RiT announced today that its revenues for the year (to date) were $47.1 million USD - a decrease of 32.4% compared to last year. The company's CEO says that its PMOLED sales has been affected by e-cigarette bans in the US, and the company is now shifting its focus to develop micro LED displays (and also mini-LED ones).
Market analysts at Yole Developpement say that microLED shipments will reach over 125 million panels by 2027. In their aggressive scenario, shipments will reach almost 450 million.
Yole says that microLED technologies are advancing rapidly - and on all fronts, but there are still many challenges to overcome before mass production arrives. MicroLED makes a strong case for the AR, smartwatch and automotive market. For the smartphones and TV markets it is less clear whether MicroLEDs could succeed.
AU Optronics president, Paul Peng, says that he expects Micro-LED displays to enter the market within 1-2 years. The first displays will be large-area signage and small-sized VR displays. Micro-LEDs for the automotive market will take longer to commercialize - around 5 years.
AUO recently demonstrated a 12.1" LTPS micro-LED display prototype that features a resolution of 1920x720 (169 PPI). AUO discloses that this display was produced using the company's self-developed transfer process that can move 50,000 - 60,000 LEDs per transfer (AUO did not detail the time it takes to perform a single transfer, though). AUO is now developing repair technology to take care of damaged LEDs.
Korean market research company UBI Research forecasts that Micro-LED revenues will grow from around $100 million in 2019 to over $6 billion in 2025.
IHS Markit recently said that it expects MicroLED display shipments to reach 15.5 million units in 2026, as sharp production cost improvements will enable micro-LED technology to achieve mass market success. The new emerging display technology will find markets in wearables, TVs, AR and also smartphones.
