Market Research firm Trendforce predicts that microLED chip sales will reach $27 million in 2023, a growth of almost 100 compared to 2022 ($14 million). Trendforce says that the market is expected to actually accelerate its growth, and grow at a CAGR of 136% from 2022 to 2027, reaching $580 million in 2027.
Of course not just the LED chip market will grow - the entire ecosystem, including production equipment, backplanes, and more.
Trendforce sees increased demand for microLEDs across many applications: large area TVs, wearables (led by AUO and Apple), automotive, AR, and more.
Posted: Aug 12,2023 by Ron Mertens