Global Market Size of Micro-LED Market – 10 Year Market Forecast

Semiconductor

Micro-LED Market Size Forecast 2022-2029

Between 2022 and 2029, the micro-LED market is expected to grow at an annual rate 19%, from USD 164.61 billion in 2022 to USD 540.59 billion in 2029. The expected penetration of micro-LED displays in NTE devices and premium smart phones is one of the key factors driving the micro-LED market forward during the forecast period. Similarly, the growing demand for wearable displays for smart watches and head-mounted displays (HMDs) is expected to provide lucrative opportunities for micro-LED market players. The lack of patents and a proper supply chain, on the other hand, is expected to limit the market growth.

Frequently Asked Questions(FAQ)

• What is Global Market Database?

• Global market database is a cloud based business intelligence tool that can be used by decision makers to study relevant markets.
• What is Micro-LED?

• It is an emerging flat-panel display technology. Micro-LED displays consist of arrays of microscopic LEDs.
• Is Micro-LED better than OLED?

• Micro-LED promises to rival the picture quality of OLED.
• How much will Micro-LED TVs cost?

• It will cost around USD150,000.
• What is the CAGR of Micro-LED market?

• 19% is the CAGR of Micro-LED market.

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