Wearables

Trendforce analysts say that microLED chip revenues is set to grow from around $27.5 million in 2023 to $489.5 million by 2028, driven by adoption of microLED displays in automotive and AR applications.

The industry still suffers from technology challenges and high production costs, which means that demand for microLED displays is weak. Trendforce actually reduced its previous estimation (just a few months ago, it estimated that sales will reach almost $580 million in 2028).

Earlier this month we reported about a mention of a possible microLED smartwatch in Garmin's Bluetooth connection software. Now Garmin watch face developers noticed the mention of the Fenix 8 MicroLED device in the list of compatible devices:

Garmin's Fenix 8 series is the company's high-end smartwatch series, that adopts the latest technology, so it could make sense for Garmin to adopt the first microLED display in that series.

In March 2024, Apple decided to cancel its microLED project to develop and produce its own wearable display. Apple started developing microLED displays for wearable devices years ago, first aiming to launch the first product in 2023. The project was delayed several times, as the cost of production for microLED displays was too high for Apple, to the point where it was suggested Apple's goal is to launch the first microLED watch in 2027. But that project was cancelled.

Apple's decision made many people pessimistic about microLED displays, especially in the near term. We already posted an article speculating how Apple's decision may affect the industry. And as we also know, Apple has several other active microLED projects still under development.

A twitter account (@Jukanlosreve) that is new but said to be reputable under a different username, now suggests that Apple indeed has not given up on microLEDs. Apple is still developing an AR headset based on microLED microdisplays, which it hopes to release in 2026. The company also still plans to release a microLED smartwatch in 2026.

Garmin recently released several new smartwatches, under the Fenix 8 series, and it turns out that when pairing some of the new devices, the software lists some non existing Garmin watches - including a Fenix 8 MicroLED edition.

This is not confirmed yet, but will be interesting to see whether Garmin is close to release such a project. We do know that several microLED developers are ready with wearable displays - and AUO has already announced it has started to mass produce wearable panels. It could be that Garmin is one of AUO's first customers.

This is a guest article by Dr. Reza Chaji, founder and CEO, VueReal

Imagine a future where your smartwatch evolves from a timepiece to a powerful digital hub, seamlessly integrating all aspects of your life. The potential for smartwatches to become central to daily routines is immense, especially with AI and cutting-edge technologies.

These advanced technologies enable smartwatches to support seamless communication, health and fitness tracking, environmental awareness, biometric security, and more. As a result, smartwatches are becoming indispensable tools that enrich our lives and enhance our health and security in an interconnected world.

MicroLED display developer VueReal announced that it plans to double its microLED manufacturing space. VueReal says that its upgraded and expanded facilities serve as both a production center for its customers and also as a blueprint for its partners to build their own fabs.

VueReal is currently offering microLED display production for the automotive market, and it is now also entering the consumer market, targeting wearable devices, TVs, IT applications, and AR products with its MicroSolid Printing platform. 

Tianma shows several MicroLEDs prototypes at Displayweek 2024, including automotive displays, transparent displays, and wearable ones.

The first display was an automotive, a transparent 8.07-inch octagon-shaped display aimed towards digital side mirror applications (to be placed inside the vehicle). The display offers a transparency of 55%, a resolution of 608x1204 (167 PPI) and a brightness of 1,500 nits.

During AUO's recent investor conference call, the company updated on its microLED project and made some interesting comments. First of all, AUO says that it has started to ship wearable microLED display panels at the end of 2024 (that's in line with AUO's previous announcement).

As far as we know, AUO is working with a Swiss luxury watch producer (like Tag Hauer) that will announce its microLED smartwatch soon. AUO says that it expects to expand its wearable microLED production soon.

Last month Apple decided to cancel its microLED Watch project, which had very bad consequences for many microLED developers. Ams-Osram is still considering its options and it estimates its loss at $650-900 million, while Singapore-based electronics assembly solutions provider Kulicke & Soffa announced that it was also effected, to the tune of $110-130 million as it cancelled its own project with Apple.

KLA Corporation recently announced that it is withdrawing from the FPD market altogether. The company entered this market when it bought Israeli Orbotech for $3.4 billion, developer of inspection equipment for the semiconductor and display industries.