According to relevant survey data, the global MicroLED display market value will reach 22.9 million US dollars in 2018. Allied Market Research predicts that by 2025 MicroLED will show that the market will reach US$1.945 billion. This also means that from 2018 to 2025, the annual compound annual growth rate of the market will reach 89.2%.
The global MicroLED market will exceed $1.9 billion by 2025
The main manufacturers of MicroLED market include Apple, Samsung, Sony, LG Display, Oculus, Play Nitride, VueReal, eLUX, Rohinni LLC and Aledia.
Allied Market Research research shows that at present, the Asia Pacific region dominates the global MicroLED display market. Among them, it is expected that by 2018 China will be the market with the highest growth rate in the Asia Pacific market. However, in 2018, the German market demand is expected to rank first in the overall market demand in Europe. It is expected that the US market will become the growth engine of the North American market in 2018.
U.S. United Market Research expects that the industry’s growing demand for brighter, more energy-efficient displays, and the trend of global electronics giants toward MicroLED displays, will be the main driving force for the continued growth of the global MicroLED display market. However, the high cost of MicroLED displays will limit the market's growth.