Micro-LED Display Market Expected to Take Off Beginning in 2019, According to Research and Markets - Energy Watch News


Micro-LED Display Market Expected to Take Off Beginning in 2019, According to Research and Markets

The micro-LED display market is expected to take off at an amazing rate over the next six years, according to a forecast from Research and Markets. According to the firm, portions of the market will come from their use in smartwatches, NTE devices including augmented and virtual reality, smartphones, TVs, humanitarian use devices (HUDs), digital signage, laptops, and monitors, as well as general and automotive lighting. Research and Markets projects that the micro-LED display market could quickly grow from USD 0.60 billion in 2019 to USD 20.50 billion by 2025, at a CAGR of 80.1% between 2019 and 2025. The firm asserts that the driving force behind this giant jump in demand will come from the increasing desire for brighter and more power-efficient display panels for smartwatches, mobile devices, and NTE (AR/VR) devices. Consumer electronics firms, Apple, Samsung, and Sony have demonstrated their rising interest in micro-LED display technology. https://www.researchandmarkets.com/

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