Report Sees MicroLED Displays Possibly as $71 Billion Opportunity by 2027

MicroLED displays have the potential to become a $71 billion market opportunity by 2027, based on a 65 percent compound annual growth rate, if the industry can overcome an abundance of technical and supply-chain obstacles, said a report Insight Media is distributing for n-tech Research, which did the study. The report sees backlighting and near-eye applications for virtual-reality headsets as being among the displays’ first practical commercial uses. MicroLED displays fit the bill for VR headsets because of their high brightness and ultra-high resolution, said the report. Other benefits of microLED displays include their ability to consume only half the power of OLED screens with double the light efficiency, it said. In addition to the challenges of scaling production for acceptable factory yields, supply-chain logistics are a “big unknown,” because existing liquid-crystal display fabs can’t “satisfy” the requirements of microLED display manufacturing, it said.