UBI sees Micro-LED revenues reaching $6 billion by 2025

Korean market research company UBI Research forecasts that Micro-LED revenues will grow from around $100 million in 2019 to over $6 billion in 2025.

MicroLED display revenue forecast (2018-2025, UBI Research)
IHS Markit recently said that it expects MicroLED display shipments to reach 15.5 million units in 2026, as sharp production cost improvements will enable micro-LED technology to achieve mass market success. The new emerging display technology will find markets in wearables, TVs, AR and also smartphones.

IHS: micro-LED display shipments to reach 15.5 million units in 2026

Market research company IHS expects MicroLED display shipments to reach 15.5 million units in 2026, as sharp production cost improvements will enable micro-LED technology to achieve mass market success. The increase in shipments will be fast, but in 2026 micro-LEDs will still amount to only 0.4% of the total display market.

Microdisplay shipments forecast (2019-2026, IHS)

Shipments in 2019-2020 will be virtually nono-existance (less than 1,000 units, in fact), but the new emerging display technology will find markets in wearables, TVs, AR and also smartphones.

N-Tech Research: Micro-LED lighting revenues to reach $1.4 billion by 2028

n-tech Research says that the Micro-LED lighting will experience very fast growth, with revenues exceeding $1.4 billion by 2028 with 170 million lighting units shipped.

MicroLED lighting forecast (2019-2026, N-Tech)

n-tech says that some industry analysts say that micro-LED lighting will always remain a tiny niche and only cater for novelty lighting. n-tech, however, sees several advantages of micro-LEDs compared to conventional HB LEDs and expect that these will be enough to earn micro-LEDs a healthy share of the LED lighting market.

Fuji Chimera: micro-LEDs are not yet ready to take over the AR microdisplay market

Fuji Chimera Research Institute says that the global microdisplay market reached $161 million in 2018, led by LCoS panels (59.7%) and OLED panels (27.8%).

VueReal micro-led microdisplay prototype photo

While some analysts expect Micro-LED to take over the AR microdisplay market, Fuji Chimera says that the technology is not mature enough and there are some technology challenges to overcome still - including those in epitaxial wafer process, mass transfer, defect detection and current drive.

We talk Micro-LED technology and market with Yole Développement

Market research firm Yole Développement has been following the Micro-LED market for some years with some very interesting insights and forecasts.

Zine Bouhamri photo (Yole)

Yole's technology & market analyst Zine Bouhamri was kind enough to discuss Yole's Micro-LED views with us. Mr. Zine is is a member of the Photonics, Sensing & Display division at Yole and he's deeply involved in the business development of the Displays unit activities.

A new guide to promising perovskite materials: The Perovskite Handbook

The MicroLED-Info team takes pleasure in recommending our new book - The Perovskite Handbook. This book gives a comprehensive introduction to perovskite materials, applications and industry. Perovskites offer a myriad of exciting properties and has great potential for the display industry.

The Perovskite Handbook

We believe that any display professional would find that perovskite materials are an area of focus that should not be ignored. The promising perovskite industry is currently at a tipping point and on the verge of mass adoption and commercialization and the first display-related perovskites are already reaching the market.

n-Tech sees a very bright future for Micro-LED displays, starting in 2019

n-tech Research says that the Micro-LED market will emerge in 2019, with sales reaching $2.7 billion. The market will grow very quickly to reach over $70 billion in 2027.

MicroLED display market forecast (2018-2027, n-Tech)

n-Tech says that the immediate markets for Micro-LED displays will be near-eye displays (AR/VR), automotive HUDs and projectors - as these will benefit mostly from the small size, low weight, high brightness and high resolution of Micro-LED displays. Wearables (smartwatches) is another lucrative market (n-Tech sees $1.6 billion in smartwatch Micro-LED display sales in 2022).