The adoption of Micro-LED technology is estimated to grow rapidly during the forecast period
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Micro-LED is the next generation display technology.
Micro-LED technology has the ability to offer more accurate color adjustability, high brightness, longer luminous, and lower power consumption than existing OLED and TFT-LCD display technologies. In fact, in January 2019, Samsung Electronics Co., Ltd introduced its latest innovation in the modular micro-LED display technology during its annual First Look CES event in Las Vegas which included a new 75” display, a 219” The Wall as well as other various groundbreaking sizes, shapes and configurations for a next-generation modular Micro-LED display. Similarly, the Lextar Electronics Corporation released its new micro-LED chip technology at the Touch Taiwan 2018 exhibition held in August 2018. Thus, the commercial adoption of the micro-LED technologies for display application is estimated to grow at a very high rate.
Some of the major players discussed in the reports are Samsung Electronics Co., Ltd., LG Electronics, Inc., and Sony Corporation, among others.
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