Micro-LED market will grow to USD 18,835 million by 2026

The global micro-LED market size is estimated to grow from USD 409 million in 2020 to USD 18,835 million by 2026, at a CAGR of 89.3%.

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.

Growing demand for brighter and more power-efficient display panels is driving the growth of the micro-LED market. The most significant factor is the growing demand for brighter and more power-efficient display panels for smartwatches, mobile devices, and AR/VR devices.

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.