The Micro LED Market size is estimated at USD 0.74 billion in 2024, and is expected to reach USD 1.48 billion by 2029, growing at a CAGR of 81.80% during the forecast period (2024-2029).
Micro LED is a display technology that uses microscopic LEDs (light-emitting diodes) to create individual pixels. It offers high brightness, contrast, and energy efficiency. Micro LED displays are known for their potential to deliver superior picture quality and can be used in various applications, including TVs, monitors, and wearable devices.
The micro LED market is highly fragmented. Some major players are Innolux Corporation, Sony Corporation, LG Display Co. Ltd, Aledia SA, and Epistar Corporation. Companies are adopting strategies such as partnerships and acquisitions to improve their product offerings and gain sustainable competitive advantage.
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