The market size increased approximately 90 times in one year! 2028 will become a key inflection point for Micro LED displays

According to news on August 19, South Korean display analysis agency UBI Research said yesterday (local time) that according to its latest issue of "MiCro LED Trend Report", 2028 will be a key inflection point for the commercial development of this display technology: the Micro LED market size will be only US$6.9 million in 2027, and will expand to US$626.9 million by 2028, a year-on-year increase of 8985.5%.

The agency predicts that the average annual growth rate of the Micro LED market will remain at 50% from 2028; by 2030, the Micro LED market size will further grow to 1.342 billion US dollars (IT Home Note: The current exchange rate is approximately 9.642 billion yuan), and the shipment scale will reach 3 million units.

The rapid expansion of the market size of Micro LED display technology is in line with the increase in consumer demand for oversized high-resolution high-end TVs, Micro LED's entry into transparent displays and XR headsets and wearable devices.It is related to factors such as the market, manufacturers' production lines reaching mass production, and price declines attracting more consumers to consider.