The Market Reports

Synopsis

The global market for Micro-LED was estimated to be worth US$ 1506 million in 2024 and is forecast to a readjusted size of US$ 4894 million by 2031 with a CAGR of 18.7% during the forecast period 2025-2031.

This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Micro-LED cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Micro LED (Micro Light Emitting Diode) is a display technology composed of micron-sized (typically less than 100μm) self-emitting LED chips, enabling high brightness and high contrast display effects without the need for a backlight module.

Technical Challenges:

Mass Transfer: Millions of chips must be precisely transferred to the substrate, with a yield rate requirement exceeding 99.99%.

Full-Color Technology: Mass production of RGB three-color chips is highly challenging, and quantum dot or phosphor conversion solutions still require optimization.

Application Scenarios:
Consumer Electronics: TVs (e.g., Samsung The Wall), smartphones, AR/VR headsets (e.g., Apple Vision Pro).
In-vehicle Displays: HUD (Head-Up Display), instrument panels (e.g., Cy Vision and Mojo Vision collaboration project).

Professional fields: Cinema screens (Lianard P0.9 certified by DCI), medical displays
Competitive landscape and future outlook

Advantages of international giants:
Samsung and Sony control the high-end market through patent barriers (such as mass transfer and driver chips), with the cost of a single MicroLED TV exceeding US$100,000.

Apple has acquired companies like LuxVue to expand into AR/VR, with technical capabilities leading the industry by 2-3 years.

Breakthroughs by Chinese Companies:
BOE and TCL Huaxing reduce costs through vertical integration of “materials - equipment - terminals,” with COB product prices 30% lower than international brands.

Industrial clusters are being established in Hefei, Xiamen, and other regions, with companies like JBD and Shiyatech receiving over 5 billion yuan in government investment to accelerate mass production.

Future Key Factors:
Cost Reduction: ASMPT equipment will reduce repair costs by 50%, with MicroLED TV prices expected to drop below $20,000 by 2025.

Application Expansion: Emerging markets like AR/VR and in-vehicle displays will contribute over 60% of growth, with related chip revenue exceeding $1 billion by 2030.

This report aims to provide a comprehensive presentation of the global market for Micro-LED, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Micro-LED by region & country, by Type, and by Application.

The Micro-LED market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Micro-LED.

Market Segmentation

By Company

• Samsung
• BOE
• Apple
• TCL
• Sony
• Leyard
• LG Display
• Tianma Microelectronics
• AUO
• Goldenmars Technology
• Vistar Display
• LEDMAN
• Unilumin

Segment by Type

• Small Sized Panels
• Medium Sized Panels
• Large Size Panels

Segment by Application

• Cellphone
• Wearable Watch Device
• AR/VR
• TV
• Others (Automotive Display, etc.)

Segment by Region

• North America: United States, Canada, and Mexico
• Europe: United Kingdom, Germany, France, Spain, Italy, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, and Rest of Asia Pacific
• Middle East & Africa: Saudi Arabia, South Africa, and Rest of MEA
• Latin America: Brazil, Argentina, and Rest of Latin America

*If you need a regional or country-specific version, or customized segmentation, we can tailor the report to your requirements.