DSCC estimates that the MicroLED display market will grow to from $103 million in 2022 to $1 billion by 2026. MicroLED will be adopted by three major applications, TVs, Wearables and AR/VR devices.

MicroLED display revenue forecast, by application (DSCC, 2022, 2026)

DSCC sees MicroLED devices being chosen mostly due to the higher efficiency, brightness, response time - and the longer lifetime compared to OLED devices. The high cost of production remains a challenge, though.