Global micro-LED market size is estimated to grow from USD 409 million in 2020 to USD 18,835 million by 2026

The display panel market is huge, and many leading industry players are working on optimizing the existing display technologies such as LED, LCD, OLED, quantum dot LED, and e-paper.Samsung is pursuing quantum dot LED and OLED, while LG Display is focusing on OLED technology.

Micro-LED technology, when mature, is expected to penetrate different display applications. The huge display market offers numerous opportunities for the development of micro-LED technology, which is much brighter and low-power-consuming compared with the existing technologies, such as LCD and OLED.

The market is dominated by Samsung, LG Display, AU Optronics, Innolux, and Japan Display. These players may enter into partnerships or collaborations, or even acquire one of the many startups that are focusing on developing micro-LED technology.

The micro-LED market is witnessing various changes and technological innovations in chip manufacturing, chip transfer, and many other areas. Micro-LED -based products are not yet commercialized, and players are focusing primarily on prototype development and technology protection.

In North America, micro-LED market in US is expected to grow at highest CAGR during forecast period“

The US is expected to be the major contributor to the micro-LED display market in North America because of its well-established economy and the presence of prominent smartphone, AR/VR, television, and smart wearable suppliers in the country. The rapid adoption of the latest display technologies, along with the growing number of applications, is the main reason attributed to the expected prominent share of North America in the micro-LED display market.