Yole Group has updated its microLED market forecasts, saying that the industry is now at a critical phase, as both wearable and automotive microLED displays are entering low-level production (at AUO's 4.5-Gen line), it has to be seen whether producers can achieve high yields and manufacturability, and reduce costs going forward.
As you can see above, Yole believes that actual meaningful volumes will begin only in 2027-2028, and the market will grow to reach almost $5 billion in revenue (at the panel level) by 2032. Most of the revenue will come from microdisplays (for AR/VR), luxury TVs, and automotive displays.
Yole's researchers still see many challenges ahead, in the area of manufacturability, process standardization, foundry models, and more. However the industry is now at a point where production can begin, and grow, even without a large single "killer" application.
