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A $ 20.50 Billion Market Estimated for Micro LED by 2025

APAC is expected to dominate the micro-LED display market during the forecast period with the presence of leading brand product manufacturers, LED foundries, and display panel manufacturers in the region.

The Micro LED Market is estimated to grow from USD 0.60 Billion in 2019 to USD 20.50 Billion by 2025, at a CAGR of 80.1% between 2019 and 2025. Micro-LED is an emerging display and lighting technology with the potential to disrupt the traditional LCD display and LED lighting markets. Micro-LED technology is being developed to offer high brightness at low power.

Micro LED Market

According to a release by SBWire, the Micro-LED market for NTE devices will grow at highest CAGR during the forecast period. Considering the current manufacturing capabilities, prototype development, and the involvement of leading players, micro-LED-based smartwatches and NTE devices may enter the commercial phase in 2019. The micro-LED market for NTE devices is expected to grow at the highest CAGR between 2019 and 2025.

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Jyoti Gazmer

A Mass Comm. graduate believes strongly in the power of words. A book lover who dreams to own a library some day. An introvert but will become your closest friend if you share mutual feelings about COFFEE. I prefer having more puppies over humans.

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