Home » Technology » LED Technology » Micro-LED display market likely to increase to 1,770 m in 2021

Micro-LED display market likely to increase to 1,770 m in 2021

Micro-LED display market likely to increase to 1,770 m in 2021

By BizLED Bureau

May 5, 2017: While demand for micro-LED displays and fine pitch display technology increases, many players have penetrated the domain, eroding the profit margin in the market. As a result, fine pitch LED display market scale is expected to increase from US$ 1,141 million in 2017 to 1,770 million in 2021, achieving a CAGR of 23% during 2015-2021.

Application areas

According to the latest report from LEDinside—Micro LED Next Generation Display Industry Market Report-2Q17 Micro LED Display and Fine Pitch Display Technology, application of fine-pitch LED display covers four fields—studio (15%), security control room (16%), commercial display (40%) and public and retail application (29%).

Sony, a giant in displays, has launched its CLEDIS display, redefining the micro-LED landscape. According to Sony’s CEO, Kaz Hirai, this new display is an ideal replacement of the existing fine-pitch LED video walls, which are usually used in auto showrooms and museums. But micro-LED displays have some advanages. They have wide view angle, high brightness and contrast, superior picture quality, and seamless image.

Production cost

As far as cost is considered, micro-LEDs have drastically cut down production costs. However, on the other hand, after pitch refinement narrows the pitches between LEDs, the cost of LED packaging consumes a larger proportion of the overall display module production cost. The cost structure of a micro-LED display of the same size and same pitch is much less. However, LED transfer and display driver technology hold the largest proportions of the total production cost.

Penetration rate

Micro-LEDs penetration rate has increased, which is determined by how fast its selling price and cost is dropping. Currently, many developer companies have ebtered the micro-LED displays area. It is expected that micro-LED display will enter from the high-end niche market into the mainstream in the next three years.

Pin It

Leave a Reply

Your email address will not be published. Required fields are marked *