Global Micro-LED market will reach 14 billion US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/7/31

The global market for micro-LED is gaining traction because of high uniformity of wavelength for fine pixel pitch display. Monitors, smartwatches, AR/VR, and laptops are the major application areas. The adoption is expected to remain high as the technology enhances the picture clarity and decreases power consumption. The increasing demand for LED products such as OLED and LED lights or bulbs and visual technologies is expected to remain on the rise as the consumers are vary about their carbon footprint. All of these factors are expected to propel the global micro-LED market in the coming years.

In addition, factors such as growing disposable income of the consumer is also projected to have a positive influence on the market. Moreover, the growing demand for bright and power-efficient display panels and the rising preference of electronic appliances equipped with micro-LED displays bode well for the market in the coming years.

However, the high cost of the micro-LED display will hamper the growth of the market during the predicted period.

According to the report, the global micro-LED market was valued at US$3.01 mn in the year 2018 and is likely to reach US$14 bn by 2025. The market will register an exponential CAGR of 115.48% between 2019 and 2030.

Click to view the full report:   https://www.qyresearch.com/index/detail/1214040/global-micro-led-market
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