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Global Micro-LED Display Market to Grow

The global Micro-LED Display Market is estimated to reach a valuation of USD 561.4 million in 2021 and is projected to grow at a CAGR of 85% during the forecast period till 2030.Get more news about Protocol Control Signages,you can vist our website!

The micro-LEDs (micro-light-emitting diodes) are an emerging display technology that uses very tiny LEDs which are acting as a pixel. This technology integrates red, green, and blue sub-pixels to reproduce color. Although micro-LED displays are not in mass production currently, there are potential opportunities for this technology to grow as a major display market and can replace incumbent LCD and OLED (organic light-emitting diode) technologies. These micro-LED displays can be extensively used in television, smartphones, smartwatches, head-up displays (HUDs), virtual reality (VR), and augmented reality (AR) headsets applications.
The micro-LEDs are significantly brighter, offering three or four times more brightness than OLEDs. The OLEDs can deliver around 1000 Nits (cd/m2) luminance, whereas micro-LEDs offer hundreds of thousands of Nits for the equivalent power consumption. This is the major benefit offered by micro-LED displays, making them suitable for head-up displays (HUDs), virtual reality (VR), and augmented reality (AR) applications, where waveguides are used to place images in a headset or a pair of glasses in front of the eye.

The growing miniaturization trend in the consumer electronics industry enables manufacturers to reduce the panel size used in several applications, including handheld devices, televisions, and near-eye displays (AR/VR headsets). Miniaturization between each pixel often lowers display costs as compared to traditional components. These components are expected to be used more commonly in small electronic devices like smartwatches and smartphones. In 2018, Samsung introduced "The Wall," a series of configurable modules that could be professionally installed, as the first MICRO LED display. With the latest 110" MICRO LED TV, Samsung is taking the MICRO LED experience to traditional TVs for the first time.

Rising demand for brighter and power-efficient displays for consumer electronic products, growing adoption of near-to-eye devices in the entertainment, healthcare, and other industry, increasing adoption of advanced displays in head-up displays for the automotive industry, growing use of micro-LED technology in digital signage applications, and increased use of wearable devices globally, are projected to drive the market growth over the forecast period.

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