Micro LED Market Analysis 2024-2030: A $25 Billion Market by 2028
The global micro LED market is expected to reach an estimated $25 billion by 2028 with a CAGR of 74.5% from 2023 to 2028. The major drivers for this market are growth in smartphones and wearable devices and increasing demand for brighter and better display solutions.
Display is forecast to remain the largest application and it is also expected to witness the highest growth over the forecast period as increasing demand for better display solutions.
Large panel will remain the largest segment by panel size and micro display segment is also expected to witness the highest growth over the forecast period due to increasing demand for smart phone and wearables devices.
sia Pacific will remain the largest region due to increasing investment by electronics giants in global micro led market. APAC is expected to witness the highest growth over the forecast period supported by increasing demand for consumer electronics devices such as smartwatches, smart devices, and AR/VR devices, smartphones, televisions, and laptops.
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