Glen Allen, VA: Industry analyst firm n-tech Research has just published a new report titled, “Micro-LED Market Opportunities: 2018-2027” that forecasts the global micro-LED market will grow from $2.7 billion in revenues in 2019 to $10.7 billion in 2022. n-tech believes micro-LED technology is making substantial advances, which will produce substantial opportunities in the coming years. Additional details about the report including a full table of contents and sample are available at https://www.ntechresearch.com/market-reports/microled-market/
About the Report:
This report analyzes and forecasts the commercial potential of the micro-LEDs in critical applications including AR/VR, HUDs (heads-up displays), smart watches, phones and tablets, computing, large-area displays, video walls and non-display uses such as lighting, lithography, LiFi and healthcare. Detailed (volume and value) ten-year forecasts for the micro-LED market are also included. In the report n-tech also compares micro-LED technology performance with LCD and OLEDs.
This new n-tech report also reviews all the significant technical approaches to developing and fabricating micro-LED solutions by dozens of companies and provides guidance on their likely success and expected outcomes. In addition, the report touches on color conversion schemes and materials, especially quantum dots, and their integration with monolithic micro-LED fabrication.
There is also coverage of the major substrate materials producers (sapphire or silicon wafers), MOCVD epi-layers deposition equipment companies, micro-LED chip fabricators, mass-transfer equipment developers, quantum dot companies, panel makers and OEMs.
From the Report:
- Micro-LEDs have superior performance qualities to other advanced display technologies. Micro-LED technology has already proven itself superior to LCDs and OLEDs through numerous working prototypes evaluations. Such superiority will be an immediate enabling factor in near-eye AR/VR projectors and automotive HUDs. Such applications require a combination of small form factor, low weight, super-high resolution and super-high brightness.
- The smart watch market is another lucrative opportunity for micro-LEDs. Here, the combination of extremely low power consumption and very strong brightness make micro-LEDs an obvious choice for wearable displays. n-tech sees this segment as generating $1.6 billion in 2022.
- Growth expected in extra-large displays. Such displays are used in video walls, digital cinemas, digital signage and home theaters, where n-tech believes they will greatly benefit from the scalability of micro-LED technology to large areas (already demonstrated by Sony and Samsung). Micro-LEDs also offer the “giant scree” sector the possibility of hybridization with other functionalities, and compatibility with flexible and transparent display designs.
- micro-LEDs not for everyone. n-tech believes that there are still applications where micro-LEDs will have a hard time penetrating. These include smartphones, tablets and regular TV market, where LCD and OLED technologies will continue to do well. Benefits from micro-LEDs are just not very obvious in these markets although low power consumption could be something of a selling feature for tablets and smart phones
n-tech Research is the recognized leader in providing industry analysis and forecasts for emerging technologies and advanced and smart materials. Visit the firm’s website at http://www.ntechresearch.com for a full listing of the company’s reports and other services.