The Market Reports

Synopsis

The global market for Micro Light Emitting Diode (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 Light Emitting Diode (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 Light Emitting Diode (LED), focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Micro Light Emitting Diode (LED) by region & country, by Type, and by Application.

The Micro Light Emitting Diode (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 Light Emitting Diode (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

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.