[News] Overview of Over 30 Key Micro LED Advancements in 2024

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As 2024 comes to a close, Micro LED technology has achieved numerous significant breakthroughs this year. LEDinside has compiled a summary of the key research developments in Micro LED technology over the past year.

Micro LED display technology, with its remarkable advantages in brightness, efficiency, and pixel density, shows tremendous market potential. Although challenges in cost and mass production remain, current trends indicate that these hurdles are being progressively addressed.

TrendForce’s analysis suggests that as technology continues to advance, Micro LED technology has already made breakthroughs in large-size commercial displays and is expected to play an essential role in the automotive display market. Potential applications include central control systems, dashboards, AR HUDs, and transparent displays.

Given these promising developments, TrendForce predicts that the market value of Micro LED chips could reach $600 million by 2028.

This figure reflects only the value of Micro LED chips; when factoring in transfer technology, testing equipment, backplanes, and other elements of the Micro LED supply chain, the total industry value is expected to far exceed this amount. With collective efforts across the supply chain, the era of flourishing development in the Micro LED industry is likely to arrive sooner than anticipated.

 

(Photo credit: MOJO Vision)